15 Best Financial Management Tools to Use For Your Business

The financial aspect of running a small business can take up a lot of your time. In fact, keeping track of day-to-day accounting, invoicing, loan applications, tracking expenses, budgeting, etc. requires a lot of work. 

Any business, big or small, depends on good financial management. In fact, investors like companies with sound financial management systems. This is because it sends them a message that you are capable of handling their money well and will not make financial mistakes like your competitors.

However, many times, for an entrepreneur or business owner, managing finances can be a daunting task. 

In that regard, a reliable ISP like Cox is important not only to stay connected but also to manage your finances with the various financial tools available. A strong internet connection can ensure that your accounting software, payment processing platforms, and other financial instruments are always up to date and working properly. With Cox’s high-speed internet, you can manage your finances without worrying about connection issues, data loss, or downtime. And if you have any issues you can always call at the Cox customer service number, so don’t let an unreliable internet connection slow you down when it comes to managing your finances. 

In this post, we will take a look at 15 of the best financial tools you can use for your business.

1. QuickBooks 

QuickBooks is a popular accounting software designed for small businesses. It allows you to track your expenses, manage your accounts, and even pay your employees.

2. Xero

Xero is another popular cloud based accounting software. It has a user-friendly interface and offers many features such as bank reconciliation, invoicing, and expense tracking.

3. Mint 

Mint is a personal finance app that helps you track expenses and manage your budget. This allows you to link all your accounts in one place so you can see your financial picture at a glance. In addition to the basic budgeting features, Mint also offers bill payment reminders, customizable over budget alerts, and a credit monitoring service.

4. Expensify

Expensify is an expense management software that helps you automate expense reporting. You can take a photo of your receipts and the software will do the rest.

5. Wave

Wave is a free accounting software that offers invoicing, bookkeeping, and receipt scanning. It’s great for small businesses that need a simple solution. Wave Accounting is designed to help companies simplify their accounting processes. Wave’s bank reconciliation tools enable businesses to manage all bank account and credit card information in real time to improve accounting efficiency and accuracy.

6. TSheets 

TSheets is a time tracking software that helps you manage your employees’ time. This allows your employees to track their arrival and departure times, and you can see their real-time working hours.

7. PayPal

PayPal is a popular payment-processing platform that allows you to receive payments from customers. It’s easy to set up and use, and it’s a trusted brand.

8. Stripe

Stripe is another payment-processing platform popular among online businesses. It is easy to integrate with your website and offers many features such as subscriptions and recurring billing.

9. Freshbooks

Freshbooks is a cloud-based accounting software designed for freelancers and small businesses. It offers invoicing, time tracking, and expense tracking.

10. Zoho Books 

Zoho Books is a cloud-based accounting software that offers many features such as invoicing, expense tracking, and project management. It’s great for small businesses that need a complete solution.

11. TaxJar

TaxJar is a tax automation software that will help you calculate and file your sales tax. It integrates with many e-commerce platforms and can save you a lot of time and effort.

12. Gusto 

Gusto is a payroll software that helps you manage your employees’ payroll, taxes, and benefits. It is easy to use and can save you a lot of time and headaches. Gusto attracts both new and experienced payroll administrators with its ease of use and best-in-class payroll settings, processing, reporting, and HR tools. Excellent mobile accessibility and employee financial resources add to the appeal.

13. Hootsuite

Hootsuite is a social media management software that you can use to manage your social media accounts. It allows you to schedule posts, track your accounts, and analyze your performance.

14. Google Analytics

Google Analytics is a web analytics software that helps you track the performance of your website. You can see how many visitors you’re getting, where they’re coming from, and what they’re doing on your site.

15. Dropbox 

Dropbox is a cloud storage software that allows you to store and share files. It is easy to use and allows you to access your files from anywhere.

Summing it up

In general, there are many financial tools available to help you manage your business finances more effectively. Whether you are looking for accounting software, payment processing platforms, or social media management tools, there is something for everyone. By using these tools, you can save time, reduce stress, and focus on growing your business.