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7 Best Finance Apps for Small Business Owners

Businessman Using Finance Apps

Running a Small Businesses can feel like a difficult task at times. As small businesses work long days and through weekends to build a brand and find growth. To do so businesses can streamline processes by making use of some handy mobile finance apps.

These apps can be a great help in organizing the finances and help you focus more on important work.

1. FreshBooks

FreshBooks is an accounting app for freelancers and startups, that is user-friendly and easy to learn. Businesses or freelancers can use Freshbooks to create invoices, receive payments, or tracking time and expenses. 

In the new version of FreshBooks, there is a General Ledger and Chart of Accounts, Other Income, bank reconciliation, Cost of Goods Sold (COGS), and additional financial reports.

FreshBooks is professional, personalized, and is known for the way it can streamline the invoicing process. The app offers a free trial, after which plans start from $7.50 per month.

2. Quickbooks Mobile

This mobile app integrates with Quickbooks Online, so accounting needs can be accessed and managed wherever you may be. The app can be used to edit and create invoices, estimates, and sales receipts.

Using Quickbooks Mobile users can view financial statements, track expenses and sales, review unpaid invoices, and pay employees and vendors, and other essential accounting needs.

It can connect to different accounts, including business accounts, PayPal, credit cards, and square. It can also work on business taxes and maximize tax deductions. Quickbooks has a 30-day free trial, and then plans start from $7.50 per month.

3. Square

Square is a useful mobile app that enables card transactions on the go. This is possible with the use of a POS credit card reader that can easily be fitted on a mobile device so that payments can be made.

There is a 2.75 percent fee for each transaction, and accounts are credited within one or two days. No merchant account is needed, so this is cheaper than traditional methods.

Users can views Sales data and analytics and send online invoices and marketing invoices to customers. The application is free, but they charge $25 for the card reader.

4. Xero

Xero is a New Zealand-based company with more than 1.5 million users across the globe. Users of the app can send invoices, create expense claims, and import and categorize all bank transactions.

All information is saved to the cloud and accessed across all mobile devices. Xero has more than 700 integrations, from Asana to WooCommerce. The app offers a 30-day free trial, after which plans start from $7.50 per month.

5. Mint

Mint is one of the best apps available to track budgets and bills. Using Mint users can connect their accounts to banks, credit cards, and loan accounts, and then the app gathers data to make suggestions.

Mint also provides a wide range of features for managing finances and invoices. The app is free, although it does earn money by including offers in its suggestions.

6. Wave

Another mobile app that is aimed at small businesses, contractors, and sole proprietors is Wave. It offers a wide range of accounting features that include billing and invoicing, tax management, expense tracking, payroll management, and fixed asset management.

Wave provides some room for growth for freelancers and small businesses. It has more than four million users in 200 countries. It doesn’t include time tracking and has all the necessary tools for accounting. The Wave app is free, with two payroll options that come at an extra price.

7. inDinero

inDinero is a scalable and easy-to-use accounting and taxation app for SMEs. The app enables users to access and review their finances, generate reports, and categorize transactions. Users can also use the inDinero app for inventory management, invoicing, and credit card processing.

It also provides a wide range of additional services that include advice from business tax experts and CPAs. The basic plans start at $300 per month, while custom packages vary in price.

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