The days of spending hours hunched over ledgers, crunching numbers are officially over for business owners since technology has introduced more effective ways to manage company finances. While large companies often require complicated accounting software programs, you can be happy to hear that most small businesses can improve their operations with some simple apps. These are five of the best apps for managing financing and accounting tasks for improving your company’s daily operations.
This app is known for its ability to be seamlessly integrated into a company’s current financial operations, and you’ll love how easy it is to perform tasks such as setting up recurring invoices and subscriptions. You can also use this app to accept mobile payments using your smartphone or tablet, which works great if you are a freelancer or have a sales team that works directly with customers out in the field. The app also comes with an option for live support that helps you roll out this new strategy without experiencing major issues in your daily operations.
For very small businesses with nine or fewer employees, this app serves as a solution to a multitude of financial recordkeeping challenges. Using this app, you can manage customer invoices and payments while also paying your employees. The app also now offers the option of using their free, personal finance software so that you can manage all of your accounting tasks from a single app.
Quickbooks makes even the most difficult accounting tasks simple, which is perfect when you need to get back to running the rest of your business. One of the biggest benefits of using this app is that multiple users can all view the same information. Use this app if you share accounting tasks with members of your staff or a partner, so that everyone is always on the same page. You’ll also love the ability to quickly generate reports such as profit and loss sheets that are viewable from a single dashboard that you can access on your mobile device.
Xero is designed to be one of the easiest apps to set up, and most business owners do require any specialized training to get it up and running. Once you input all of the necessary information, this app organizes it all into areas that make it easy to keep up with your company’s contacts and records regarding transactions. Xero also offers payroll processing and inventory tracking services so that you can do all of your essential accounting work in one place.
Payroll can become increasingly complicated as your small business grows and adds new members to the team, and dealing with a missed paycheck or uncompensated hours is never good for company morale. With OnPay, you can handle all of your payroll processes including tax filings in one simple app. While other apps offer some degree of payroll services, you’ll love that this one has specialized features for managing common challenges such as managing compensation and health insurance benefits for your employees.
As you explore new apps, keep in mind that any new program you choose should be easy for your staff to use and simple to integrate into your current operations. Once you integrate a new app, be sure to train anyone who needs to use it and upgrade all of your electronics so that you can seamlessly manage your company’s financial and accounting tasks with a few touches of a button.