Whether you own a small business or a large one, as a businessperson, you will always be looking for ways to save money. Keeping an eye on your finances can help you save money. However, this task will be a hassle if you do it manually but using personal finance software and apps can help you manage your money more efficiently.
Although the market is full of various financial management software and apps, you need to choose the one that will help you meet your financial needs. The primary goal of financial management is to maximize your income and control your expenses.
Depending on your needs here we have compiled a list of the best 4 financial management tools.
Qbox is an innovative creation from CoralTree. It is basically a file sharing and collaboration software used together with Quickbooks, but you can also use it as a financial management tool. The reason we keep this tool at the forefront is that it serves more than any financial manager.
With the help of Qbox, you can also share multiple files online designed for small to medium businesses. This is one of the best pdf file sharing sites designed for Accountants and Bookkeepers, which tracks your finances, helps you budget, record your accounts and finances in one platform. All you need is to create an excel files for all your monthly expenses, and the best thing you can do is share these excel files with multiple users simultaneously.
The software is convenient and easy to use. Qbox offers you many features not available on any other financial management tool including trusted security.
2. Personal Capital
It is the best tool for people who run multiple or huge businesses. Personal Capital helps you manage all your financial details on one platform.
You can see all your spending, including mortgages, investments, personal and official expenditures, from multiple accounts on one platform. This software will also help you achieve your financial goals after retirement.
However, if you don’t want the help of its financial advisor services, you can continue to use it as a financial and investment tracking tool.
We have another interesting software that will do all the budgeting for you. However, you can do it manually and create “envelopes” for all your expenses. For example, create an envelope for groceries and add the amount you want to spend per month. Once the amount gets close to the end, it will start giving you alerts. This way, you can reduce your luxury spending to the necessary ones.
For optimal budgeting, you can link the app to your bank accounts and set your income. The software will create envelopes for you and set a budget for each envelope. This way, you will know how much you spent in a month and what purchases you made.
You can start using this software with the basic version costing only $5.97/month. However, you can get the premier plan at $9.97/month.
Mint is one of the most popular financial software that helps you manage your expenses. You can attach the software to your debit and credit cards to get the statements.
You can also use this software to pinpoint areas where you can easily track and analyze your expenses, which will help you improve your finances.
With Mint, you can set up alarms to notify you when your payment due dates are near or when your balance is low. You can also create categories for all your expenses to see how much you spend on personal things like food, gas, and clothing.
The app is free to download and is compatible with iOS, Android, and desktop computers.
The tools mentioned above are the best to manage your business or personal finances. You can choose any of them depending on your needs. However, if you want to enjoy many features other than budgeting or financial tracking, Qbox will be the best option.