Are you struggling with your business financial management? Or are you trying to sort out your business expenses from your personal expenses and finding the mess too overwhelming? Many self-employed owners of small business and freelancers are going through difficulties due to poor financial management. Many new small scale businesses couldn’t make it beyond their first few years and most of the failures were due to many factors and one of the main factor is poor financial management.
Good financial management involves detailed and accurate bookkeeping and proper budgeting. Small business owners need to be able to manage their business cash flow in order to pay their business expenses on time e.g. rent, utility bills, payroll, etc. In order to do this, you will need to have a careful budget planning to manage your business cash flow issues and invoice financing.
To protect your own business from poor financial management, it is better to manage your business finances right from the start before the problem gets too big to dissolve. If you are not able to manage on your own, you can get a free money manager to do the job for you. The money manager will be your finance planner, bookkeeper, or a reminder to pay your tax, rent, utility bills, etc.
There are many different versions of free business manager app that you can download onto your mobile phone to help manage your business and personal expenses. Check out some of the best android expense trackers on Play Store for your android mobile phone. Choosing one from the many versions can be overwhelming for you if you are new to these money apps. If that is the case, you can check out the app at spentapp.com for more information regarding their money app and whether the app will meet your business style and requirement. For those who are using Apple devices, you can also check out iTunes.apple.com for these apple cashback apps to help you earn extra cash besides being your finance manager.
The money manager app helps business owners to manage all their business expenses and also their personal finances, at the same time helping to earn cash back with their purchases. It is a expense manager, receipt scanner, your personal finance tracker, and also submit expense reports in real time. This app is designed for business owners who want to separate their business finance and personal finance for accurate management of their business yearly expenditure.
Before you download any of the money apps, you can also read up on the customers’ review to help you access the various apps. You can also use the free trial period to familiarize yourself with the app and decide whether to subscribe before the trial period is over.