Wednesday 9 November 2016

Five Financial Tools No Small Business Owner Should Be Without

Click here to see our membership packages or here to subscribe to our mailing list. 

Our next event will be today at Indigo Blue on 9th November. The topic will be 'Having established demand and support for our product what else should we do to ensure commercial viability?" We hope to see you there!


1. QuickBooks. Ask the internet about finance and accounting tools, and QuickBooks comes up again and again as a top pick for small business owners. Their accounting software provides a comprehensive view of your company’s financial situation and helps you to run your business. You can use QuickBooks to track your business’s sales and expenses, view financial statements, pay employees and vendors, and more. It can connect to thousands of accounts, including PayPal and your business bank account. Plans range in cost from $10 to $24 for the first six months and $13 to $40 per month thereafter, plus a 30-day free trial.

2. GnuCash. This straightforward, simple approach to bookkeeping is ideal for small businesses. It was initially conceived as an open source alternative to apps such as Intuit’s Quicken. It’s available for a range of operating systems, including Linux, Android, Windows and OS X. GnuCash is noted for its flexibility and can handle invoicing and credit notes, accounts payable and receivable, and some payroll features. And best of all, it’s free!

Get a free download from TechRadar here.

3. NCH Express Invoice. If you have fewer than five employees, you can use NCH Express Invoice for free without time limits or other restrictions. With versions available for PC, Mac, iPad and Android, it is designed to easily create invoices, quotes and orders, to automate recurring ones and to send them via email or fax. It can produce a decent range of reports and there is a front-end paid service if the free software doesn’t have the range of services you’re looking for.

4. AdminSoft Accounts. This is a genuine piece of freeware – rare in this day and age – without adverts, bundled software or ulterior motives. More than 300,000 people use the software which provides a complete money management toolkit for small business owners. It can handle invoices, statements, remittance advices, stock control, purchase orders and budgeting, as well as some HR functions. Its default is pounds sterling but it can handle a range of other currencies as well.

5. Wave. With more than two million users to date, Wave was specifically created for use by small business, indie contractors and sole proprietors with less than ten employees. The free and easy to use accounting software platform lets businesses track sales, pay customers and employees, manage invoices and much more. They also recently added free personal finance software to allow owners of small businesses to manage all their finances in one place. The software is available as a download on the website. Its invoice and receipt-tracking apps can be downloaded from the Apple store.

Please comment below with your favourite financial tools and advice. We always love to hear from you!

No comments:

Post a Comment