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finance apps for small businesses

10 Great Finance Apps for Small Businesses

Small businesses often find themselves short on a number of things, and extra hands are certainly one of them. CFO? CIO? CTO? Sure, you might have those in larger companies, but for many small businesses, those are just additional titles the CEO takes on.

Needless to say, small business owners could use some help.

One of the first places they can look is in their own pocket. That’s because the digitization of numerous business processes has resulted in a slew of helpful finance apps for smartphones and tablets.

This isn’t quaint, just-enough software to tide you over until you can get to your PC or laptop, either. Developers have enabled small businesses to operate entire areas of their business from their mobile devices. That’s a vital crutch to lean on until you’ve grown enough to get dedicated personnel on the job.

The following are 10 finance apps that can help you grow your business.

Top Finance Apps for Small Businesses

  • Chargify: Chargify is a useful app for small businesses who want or need to get creative with their billing methods. Chargify allows you to tweak billing models in a number of ways. That includes changing frequency of billing, offering trial subscriptions, setting up targeted promotions and more. The app also offers subscription relationship management services.
  • Expensify: Expensify is a receipt tracking and expense management tool whose app allows you to track receipts, automatically log mileage via GPS, even categorize expenses for tax purposes. More expensive plans allow for card management, approvals, expense reporting and more.
  • FreshBooks: FreshBooks is a wide-ranging accounting app, though it’s primarily known for its invoicing and time tracking features. The app allows small business owners to create professional-looking invoices literally within seconds. It also allows team members to track their hours — then view them via an easy-to-read format.
  • Gusto: Gusto is a payroll-focused finance app that can help you with everything from payroll tasks, such as direct deposits, W-2 and 1099 forms, and automatic deductions, to hiring and offboarding, employee benefits and time-tracking tools.
  • QuickBooks: The QuickBooks mobile app allows you to access your QuickBooks data and take care of numerous tasks from your mobile device. That includes running P&L reports, accessing balance sheets, entering transactions and more.
  • QuickBooks GoPayment: If your small business needs to make the jump from cash transactions, GoPayment allows you to accept not only credit cards, but mobile payments. It also currently comes with a free card reader.
  • Square: Most people know Square from their point-of-sale systems used by small businesses nationwide. Indeed, the Square app has brought credit card access to even the smallest of retail operations. Just remember that Square is more than just card readers and POS software. It can also do payroll and, through Square Capital, even provide business loans.
  • Wave: Wave offers up a series of applications that help you manage several aspects of your business, from payroll to payments to invoicing. Businesses can access accounting, receipt and invoicing services for free. However, certain functions such as payments and payroll come at cost.
  • Xero: Xero’s mobile accounting app includes a number of essential tools that let you perform a number of functions, such as bank reconciliation, invoice management, spend monitoring and bill management.
  • Zoho: Zoho claims you can “run your entire business” from its app, which you could effectively consider an “app of apps.” That’s because Zoho itself features several apps: a customer relationship management (CRM) app, as well as apps for mail, help desk, project planning and tracking, and even building custom apps. Zoho One, meanwhile, boasts more than 40 different applications, from IT management to human relations to finance.

Apps are useful for a number of reasons, including streamlining your business and reducing office costs by going increasingly paperless. If you’re curious about more ways to digitize your operations, McManamon & Co offers paperless office consulting services, which includes analyzing your existing workflow procedures, making recommendations on how to optimize your technology, setting up implementation plans and even follow-up consultations to make sure progress is where it needs to be.

Which technological solutions are right for you? Call McManamon & Co. at 440.892.8900 or contact us online.

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