Managing finances for a small business can be difficult. You have to keep track of your income and expenses, file taxes, hire employees, pay bills...the list goes on. it's no wonder so many businesses fail in the first year! Luckily, there are some great fintech apps that can make all these tasks much easier. Below are five of the best fintech applications for small businesses
Mint is a financial management application that allows you to track your spending, credit card bills and loans. The app also includes tips on how to save money and gives you ideas for making more money in your business. You can use the Mint app to manage all of your personal finances, as well as those of your small business. It is free to use, but it does have a premium version that allows you to access your financial data in real-time. It also lets you view your spending over the last year and see how much money each transaction cost you.
QuickBooks is a cloud accounting solution that can help you manage your finances. It's an easy-to-use accounting software that helps small businesses with all aspects of financial management, from creating invoices and recording payments to paying bills and keeping track of expenses.
QuickBooks has made it possible for small businesses to stay ahead of their finances by providing them with the tools needed for effective bookkeeping and reporting. You can easily access your information anywhere as long as you have an internet connection or mobile device, thanks to its web-based application. It's also a great solution for businesses that need to manage multiple locations, as it allows you to track inventory and sales at each location.
Gusto is a cloud-based accounting software that’s designed specifically for small businesses. Gusto offers both free and premium plans that give you access to various tools and features you need for bookkeeping, payroll, tax filing and more. The software also offers additional services like health insurance benefits administration and 401(k) retirement plans. Gusto is a great option for businesses with fewer than 1,000 employees. It’s also ideal if you need to manage inventory and payroll for multiple locations.
Expensify is another cloud-based software that’s designed specifically for small business owners. It helps you track your company’s expenses and generate reports, graphs and charts to help you get a clear picture of how much money you spend each month. Expensify also offers other features such as mileage tracking, receipt scanning, budgeting tools and even travel booking. If you have a small team and need a simple solution for managing your expenses, Expensify is worth checking out. The company offers a free plan with limited features that can be upgraded to the Premium plan for $5 per month.
Due is a free online invoicing app that allows you to create, send, track and manage your bills online. You can use Due to send invoices, get paid online, track time and expenses and much more. Due is an excellent tool for freelancers and small businesses who need a simple invoicing solution. The app offers a basic free plan with limited features that can be upgraded to the Premium plan for $5 per month.
We hope this list of five fintech apps was useful and will help your business stay on top of its finances! It can be difficult to find the right fit for every business, so we recommend taking some time to test them out to be sure they fit seamlessly into your business model.
Learn how to grow from an entrepreneur to CEO with Blaze Group. Access community messaging, virtual co-working sessions, customizable business templates, business courses, and more — all from a single source. Try it free today. LEARN MORE