Top 5 Accounting Apps for Your Business
Running a business is similar to a grandfather clock. On the outside you see a beautiful piece that works perfectly and accurately. On the inside, however, is a finely tuned machine full of cogs, wheels, motors and more.
The inside is what makes the clock work. Similar to a business, on the outside consumers see the end product or service, or the outside of the clock. But you are on the inside, oiling and inspecting the machine to make sure it’s in perfect working order.
To make sure it’s working as efficiently as possible, you want to make sure you are utilizing the best software available. In this article, we will highlight 5 of the best accounting software apps to use to help your business thrive and reach ultimate success!
QuickBooks Online
This is the ultimate accounting software for your small to mid size corporation.
You don’t have to be an accounting expert to learn and manage your finances with this software. As your business grows, this software will grow with you. Because QuickBooks Online is a cloud-based platform you can access your information 24/7 – 365. This also allows you to hire a virtual accountant once you get to the point in your business where you start to delegate tasks and expand.
Some of the main features of this app include:
- Track income & expenses
- Invoice & accept payments
- Manage 1099 contractors
- Manage bills
- Track time
Bonus! – with QuickBooks Bank Feed you’ll be able to see all your transactions, real time and categorized with the revolutionary service. No more manual data entries or transcribing information from one place to another.
Gusto
This is a must-have application for anyone who has employees. Gusto is a payroll platform that syncs seamlessly with QuickBooks to help you manage payroll, workers’ comp insurance, payroll tax, and more.
According to data, businesses who use Gusto save up to 54% of time compared to using their old payroll program.
The all-in-one platform features include:
- Payroll
- Employee benefits
- Health insurance
- Hiring and onboarding
- Workers’ comp
- Time tracking
- Expert HR
- New hire checklist
- Small business guide
Enjoy your extra time by utilizing this program and ensure that you are staying in compliance all while providing top notch services to your employees.
Expensify
Another incredible tool to add to your toolbox is Expensify. This expense management platform allows you to manage expenses when you or your employees make purchases pertaining to the business.
You can create “automatic approval/denial workflows” which allow employees to understand if their purchases fall under a business expense.
With this software, businesses can save over 80% of the time they used to spend on expense reports.
This platform automatically categorizes purchases and integrates with QuickBooks to provide you with a streamlined and efficient process.
Features include:
- Receipt scanning
- Multi-level approval workflow
- Corporate card reconciliation
- Mileage tracking
- Automatic categorization
LivePlan
Want to set your business up for success and reach all your goals? You need LivePlan!
This platform sets up business forecasting to help guide you to see where your business can improve, where it’s thriving, and what you can do next.
LivePlan also helps you to understand your cash flow. This is an important part of business because you need to know if your business is cash flow positive or negative and how to adjust and plan accordingly.
Their website states “Ongoing planning helps you keep your business on track, understand the bigger picture, and steer your company toward success for years to come.”
This platform also syncs with QuickBooks so you can easily plan, budget and forecast!
Bill.com
Pay bills and send invoices easily with this platform.
With Bill.com, you can boost efficiency with your accounts receivable and accounts payable right in one platform.
You can integrate this platform with 2 other of our top Accounting Apps – QuickBooks and Expensify!
Instead of spending days working through your Accounts Payable and Accounts Receivable, you now only have to spend hours when using this simple and efficient platform!
Features include:
- Smart data entry
- Managing payments on the go
- Organized documents and invoices
- Ability to pay vendors 2x faster with automatic reminds, electronic payments and digital invoices
Let Redmond Accounting Guide You
If all of these apps seem amazing but a little overwhelming, don’t worry, we are here to help!
Our team has extensive education and experience with each of these platforms. We’ve even co-authored training for Bill.com and QuickBooks!
Whether you need help understanding how to set up and utilize the software yourself, or you want us to help manage the technology for you, we can help. Here at Redmond Accounting, our accounting technology experts can ensure that your business works more efficiently, has reduced accounting errors, and operate as efficiently as possible so you don’t waste time.
If you’re ready to kick start your business and utilize each of these platforms, connect with us today to get started!
