There are several online financial tools that can benefit your business. If you want to learn about the best tools, you should read on.
Some say that a poor workman blames his tools, but in some scenarios, a workman can only be as good as his tools.
Using outdated, unsuitable software to accomplish basic accounting functions is inefficient and unnecessary. In this article, you’ll learn about nine of the best online financial tools to propel your business’s finance team forward.
- Xero
One of the most popular tools on the market today, Xero is the modern accounting team’s favorite tool. Xero is entirely cloud-based, allowing the software to work well with remote teams and employees, and comes with the ability to create online pay stubs.
- Startup Financial Model
The Startup Financial Model tool is ideal for budding entrepreneurs looking to take their business plan out of Excel and into the twenty-first century. Not only will this tool permit investor visibility, but it also comes with a 7-day free trial so you can try it out before you commit to a contract.
- Scoro
Scoro is the ultimate budgeting tool. One of its best features is a full-formed KPI dashboard with excellent data visualization. Presentations become a breeze for any startup finance team.
- Centage
If your business has taken off and is more suitable for an enterprise-level tool, then Centage is right up your alley. Much more powerful than some of the startup accounting tools on this list, Centage requires that you contact them for you to get a pricing estimate.
- Quickbooks
Quickbooks is widely regarded as the best accounting software for startups. Its ease of use and excellent implementation will enable you to get up and running on the platform in as little as a week.
- Freshbooks
Freshbooks is almost like a scaled-down version of Quickbooks for those startups that aren’t quite at the Quickbooks level yet. Freshbooks offers great flexibility with its growth plans, but also an excellent bird’s eye view of your finances.
- Freeagent
Are you a freelancer or a very small team? Freeagent might be the perfect tool for you.
Freeagent tries to be an all-in-one platform, allowing you to manage customer invoices, business expenditures, tax, and do project management, all in one tool. Although it doesn’t do any particular function better than the rest of the tools on the market, it manages to do each one quite decently.
- Bill.com
Bill.com is the tool for financial transaction automation. Never worry about missing a bill again or not remembering to collection on an accounts receivable. This software will take over all of that.
As an added bonus, it also integrates with most of the accounting software on this list (including Quickbooks and Xero).
- Netsuite
Netsuite is another enterprise-level tool, ideal for organizations with larger accounting teams. Netsuite includes ERP and financial planning software. However, enterprise functionality comes with an enterprise price tag, so you may want to skip this tool if your revenue streams are still finding their footing.
Leverage Online Financial Tools for Continued Growth
If your business is beginning to hit a slump in its development, your growth may be being hindered by a lack of access to the right tools. Leverage one of these nine online financial tools to take your company to the next level today.
Make sure to check out the rest of our blog for more small business tips!