As a startup, you must keep your finances in order. Thanks to technology tools, a business can now easily automate its finances with the right online tools. These tools make your business more effective as it saves your time, cut down costs, ensure a steady smooth sailing business.
Automation tools are slowly becoming a norm for startup businesses. In a sea of software, choosing the right one can be a daunting task. But worry not, we have assembled the top 6 online tools that will help automate your business finances.
1) Quickbooks
Quickbooks is one of the most popular finance tools that has over 2 million users online. It was made to make accounting easier for people who have a non-accounting background. For a long time, it has stood as dominant software in small businesses.
It offers excellent features like receipt capture, managing cash flow, and 24/7 customer support. Moreover, it features integration with Paypal, Shopify, and Square. Taken together, it offers everything under one shelter that makes it a crowd-pleasing platform.
Overall, it offers four plans starting from $12. Each plan enables you to track income and expenses, receive payments, run reports, and track sales and taxes. The advanced plans, on the other, hand offers features like tracking inventory and time.
Millions of businesses trust their finances to this software as it is tested, affordable, and can suit any company regardless of the size. So if you are looking for a reliant and easy-to-use software, consider looking into QuickBooks.
2) Xero
Xero has emerged as one of the promising software that offers a seamless experience. It lets you access financial reports and automatically connects with your bank account.
One of the remarkable features of Xero is its mobile experience for business owners who work on the go. It allows you to send custom invoices, track inventory, and create orders from the phone. Moreover, after it collaborated with Gusto, you can also avail of payroll services. It offers comparatively cheaper services starting plans from only $5.50.
3) Freshbooks
Freshbooks is considered a straightforward solution for all small business finance needs. It claims to make accounting more efficient and help save up to 46 hours a year on filing taxes.
The software integrates with different business apps and lets you manage your finances and accounts from a single dashboard. Backups are in place and a mobile-friendly app also makes things easier for you.
Freshbooks was made while keeping in mind the micro-businesses. It has features like invoicing, time tracking, and running a subscription-based business. But it lacks inventory tracking and detailed customer records which are a need for big businesses.
The pricing starts from as little as $5 and has a premium plan of just $15. While it also offers custom plans. The software is very lucrative for small business owners and self-employed entrepreneurs.
4) Wave
Wave is another powerful accounting software made to ease managing finances and accounting for small businesses and entrepreneurs. The software is easy-to-use and automatically integrates with your bank account, tracks your expenses, and balances your books.
It is optimum for freelances or businesses with a few employees. It offers completely free services, including invoice and transaction management. But if you are looking for advanced software that offers time tracking and project management, Wave is not for you.
5) ZarMoney
ZarMoney is an all-in-one solution for your business with its exceptional features. It can cover each aspect of accounting virtually which helps you stay on top and be more productive.
It is perfect for any business, regardless of the size as it offers diverse plans that meet every business owner’s financial needs. You can find a plan that works for you from here.
6) Holded
Holded is an excellent tool that offers features such as accounting, invoicing, and inventory management. It also connects the software to your bank account which automatically classifies entries and manages it all in the ledger.
It is perfect all-in-one management software that offers extensive features to its users. The additional features include covering invoices, payrolls, projecting inventory, and management.
Holded offers diverse plans, stretching from basic to premium.
Final thoughts
Implementing the right finance software to assist you will make things much easier for your business. Although it requires an investment of capital and time, it will shortly pay off by saving your time and eliminating errors.