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Here’s how you use free software to manage cash flow

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Managing Cash Flow on the Go: The Power of Mobile Technology for Small Business Owners

In today’s ‘always on’ economy, small business owners are constantly on the move. Thanks to mobile technology, they can now efficiently forecast their cash flow while staying mobile. Tablets have become increasingly popular among small businesses, allowing users to manage their business operations from anywhere.

There is a plethora of both free and paid apps available for tablets and smartphones that can help business owners effectively manage their cash flow. These apps can be used on any tablet that runs on Apple’s iOS or Google’s Android operating systems.

Free Software

FreeAgent

FreeAgent is a cloud-based accounting app that enables small business owners to monitor their cash flow by syncing with their bank accounts and automatically categorizing transactions. This app offers a comprehensive view of business finances, allowing users to manage invoicing, expenses, and tax returns in one place. FreeAgent provides a free version for NatWest, RBS, and Ulster Bank business customers, making it an easy and efficient way for small businesses to track their financial health.

Pandle

Pandle is another cloud-based accounting tool designed specifically for small businesses. It connects to bank accounts to organize transactions automatically, offering features like expense tracking, invoicing, and real-time financial reporting. The free version of Pandle allows unlimited transactions, making it a user-friendly and cost-effective solution for efficient financial management.

Shoeboxed (available on Apple iOS or Google Android)

For managing expenses, Shoeboxed is an ideal app that helps users document receipts and generate expense reports. By allowing users to take photos of receipts and organize expenditures, Shoeboxed saves time on tax return preparation, expense reports, budgeting, and bookkeeping.

See also  11 Best Business Budgeting Software for Small and Large Business

Paid Apps

inDinero (available on Apple iOS)

inDinero is a cloud-based financial tracking app that pulls information from various bank or credit card accounts to provide a comprehensive view of business finances. The free version of inDinero tracks 50 transactions every 30 days.

CashFlow (available on Apple iOS or Google Android)

CashFlow is a simple asset management app that allows users to manage daily cash income and outgoings, as well as banking and credit card accounts. Small businesses can easily track daily, weekly, monthly, or annual reports to stay on top of cash flow.

Float

Float is a visual cash flow software forecasting service that automatically updates accountancy data for small businesses, enabling quick forecasts.

Accounting Software

While free apps are beneficial, they may have limitations. Investing in accounting software can provide additional functionality. Options like Sage, Intuit Quickbooks, and Xero offer simple and cost-effective solutions. Most paid accounting software providers offer free trials, making it easy for new businesses and startups to test their services before committing.

If you’re looking to enhance your cash flow with an all-in-one business platform, consider trying Small Business Pro. With one subscription, you can access low-cost payment processing solutions and funding options from professional lenders.

Further Reading on Cash Flow

CEO and co-founder of Float, Colin Hewitt contributed to this article.

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