Tuesday, August 4, 2020
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There stands no doubt who run small businesses have a lot on their plate like jobs, day-to-day deliveries, client requests, and many more. It is inevitable for them to have a lot of financial information, receipts, data and calculations to keep track of.

If you are a business owner then think yourself, do you ever feel like you don’t have a nice clutch on your financial situation? Does money just come in and flush out the back door? Well, don’t worry, it happens in every business as there is too much information coming at you at one time.

Sometimes, it becomes a cause for the problem especially when you have to draw up a budget or track personal and office expenditures. Living in such a fast-paced world, it can be very normal to forget to pay back a loan or file taxes on time.

Don’t worry, there’s an array of mobile apps to help manage finances, to trade, and to keep an eye on the budget while doing business.

According to the stats for 2016, users across the globe around 130 billion apps from the app store alone, and approximately 2.23% of those downloaded were finance-based apps. The apps have become digital advisors that can give tips on when and how to spend your funds right.

The graph shows the country bar of the finance apps downloads in 2016 vs 2018

Some of the apps even come up with great algorithms that can automate streamline processing and notify users each time when they are on a brink to make a costly mistake.

So, without taking further ado, let’s check out the best budget apps for small businesses.

  • Mint: money manager

It helps you plan your budget and reduce expenses with accurate and automatic calculations. The app helps you track the financial operations via banking accounts and also can set up the bill reminders. The app is integrated with major Canadian and US financial banks and institutions. It reminds you of the upcoming bills and can automatically pay them for you. The app is a full-suite package and even suggests the best interest rates and also provide valuable advice on managing finances.

  • MoneyBook

 

The app is developed of noidentity that has a simple and interactive interface. The app on your mobile phone can track all your monetary operations in the form of understandable animated statistics. It supports an array of languages such as English, Spanish, German, Russian, Swedish, Chinese and many more. The app is backed up with a cloud backup, so no need to worry about the data even if you lose your device. Moneybookers is available to download for iPhone users at the price of $2.99.

  • IRS2GO

Developed by Internal Revenue services is one of those perfect apps for users who fear tax season. The app deals firmly with the tax reports by tracking returns, refund status, payments, and allows you to locate free tax preparation assistance. It uses the current location of the user to help you seek nearby VITA or TCE and also allows making phone calls to them. The app doesn’t secure Social security number (SSN) due to security risks and has to be entered manually. The app includes a secure payment process through your active banking account. It is available to download for free on Android as well as iPhone.

  • Toshl Finance:

The app is a very handy expense tool for small business owners. The app is a real budget keeper and bill organizer and monitors expenses under the same account. It also filters out the budget under many categories and tags. What’s best about the app is it supports 165 currencies and cloud syncing, so you never miss the information about the transactions.  The app displays everything very clearly and details are always customed. The app is available for both Android and iPhone.

 

  • Simple loan calculator

The app is provided by clean micro and has an attractive and easy to understand interface. The app on your mobile phone is a good fit for small businesses with loans. You can simply enter the profit value and get the information about the affordable loan amounts that could be spent within a certain period of time. A simple loan calculator app can also be useful to users who deal with credit sales. The app is free to download and is quite easy to use- even with novice users. Currently, the app is only available at the app store and has only a drawback that it misses out the feature of graphs that could simplify financial information.

  • Venmo:

The “crown jewel” financial app as recalled by Forbes. It is a handy app that grants easy sending and receiving money just using a recipient name, email, and phone number. The app is great and won’t allow you to forget any debts as it stores all the necessary information. The app allows syncing the data with Facebook and phone contacts. The app is secured and all the personal financial information is highly protected-thanks to the encryption algorithm. The Venmo app is available for users to download on the App Store and google play store.

  • Learn: invest in stocks

The app is delivered by Rubicon, LTD, and has proved to be one of the best apps even for novice users. The app has a very friendly design that teaches you how to invest in stocks with a step by step guide. The app constitutes of 40 lessons of originally created content that outline the basics of investing in the stock market. The app also provides audio versions and users can track the learning progress at any time. The app is available for download for both the iPhone and Android.

CONCLUSION:

Here are some of the best budget apps that can be used by the small business owners to plan, execute, and control the budgets, expenditures and investments. You can also hire mobile app development companies to make customed apps according to your uses and requirements and can have the experience melding the fresh and unique features of the above-mentioned apps.

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Meenakshi Mamgai
A writer by profession and tech geek by the mind, Meenakshi is known for her precise, well-researched, and high-quality write-ups. Talking about her recent interests, she is simplifying the trending technologies, such as Blockchain, IoT, AR/VR, Machine Learning, and more.

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