Apps To Analyze Your Business

Top 5 Apps to Analyze Your Business Finance

One of the best parts of owning a business is that you have to dip your hand into every aspect of your company. Whether it’s creating marketing plans, managing inventory, overseeing the activities of your employees, dealing with financials, or checking equipment, you need to work on something. You need to become the jack of all professionals. 

While it may sound fun, it is also very challenging. Once your business starts to get up and running, managing everything becomes very difficult. You can easily mess up some of your daily tasks, especially if they are menial and time-consuming. Of course, you can hire a specialist to take care of those aspects for you. However, it could create whole new problems for you. 

When it comes to your company’s finances, you need to use the best finance app for the task. With the help of these apps, you can simply leave the computing to the computers. Try using the online slots for exceptional discounts when it comes to gaming apps – their dynamics might help you understand your priorities better. Remember that you ought to relax and see the big picture to make excellent financial decisions. Now let’s move on and talk about some of the best finance apps you can use.

The Best Finance App List For Your Business 

Here are some of the top apps that you can use to manage your business finance:

  1. LivePlan

A business plan is an essential map for the success of your company. If you have never built one before, you should know that the process is very time-consuming and stressful. Thankfully, LivePlan is a finance app for iPhone that can help you with the process. 

When you open the app, you will find several templates that you can choose from. Next, you need to type in the information about your business and your goals. Link the account to your tax software to check whether you are on the right track towards your goal. The app also provides one-page summaries that you can show to investors and lenders. 

2. Expensify

Expensify is a fantastic finance app for Android if you are drowning in a pool of paper receipts. All you need to do is click a photo of the business receipt, and the app will save and categorize the expense with your software for taxes. If you can get your employees to use this service, they will be reimbursed faster for their spending.

Expensify also helps with tax breaks, which makes it quite popular among small business owners. For instance, you can also use the GPS tracking feature to keep a note of the mileage and distance traveled to be adjusted into the driving deduction. The app will also warn about tax mistakes that can lead to an audit. 

3. Square

When it comes to mobile payment and POS processing, Square should be included in this finance app list. The app can be used to accept payments via a POS system, your website, or sending invoices. 

Square also offers other types of business-related mobile apps; for instance, you can set up your mobile device to accept payments from credit cards from any place. The Square system will work on any type of mobile device. For each transaction, the service will charge a percentage. You also get a free mobile card reader. 

4. inDinero

inDinero is a great finance app for free that can handle your finances with ease. All you need to do is sign up for the service, link your tax and bank accounts, and input your business plan. The app will then utilize the information to look for ways to improve your cash flow, analyze your budget, prepare financial statements, etc.

You can also use inDinero to reimburse employee expenses, create customer invoices, and prepare tax returns. While most things can be done for free, you can opt for the premium package for live support. Additionally, the pricing of the premium package is nominal and costs a fraction of hiring a dedicated finance department – $300.

5. Due

Due is a finance app that has made headlines in the finance app news. Perhaps, its best feature is the invoicing feature. With the help of your mobile device, you can easily create customer invoices that your clients and customers can pay via the mobile app or computer. You can also calculate sales taxes, track your clients, schedule automatic billings, etc.

Creating an account on Due is easy and free. However, you may have to pay a small monthly fee based on the number of invoices you send. Additionally, you will have to pay a nominal fee of 2.9% for processing the invoice payments.

Final Thoughts on Finance App Options

Of course, managing your money is not an easy task. You may require finance app help to sort this department. Apart from helping you deal with the finances, these apps can also do many other functions, like keeping track of your credit score and investment portfolio. Similar to the ones mentioned above, there are many finance app ideas in the market. Would you recommend something else? Let us know in the comments!

Author’s bio:

Jeremy Ambrose is a small business owner who loves running the financial part of his company. He loves poker and considers the table game one of his best teachers in business so far when it comes to strategy. Jeremy lives in Las Vegas with his wife and loves jogging.