Meta-description: Having real-time information about finances is important. Here are the best expense management apps for small businesses that make this possible.
Running a business is never easy! There are thousands of dimensions one has to take care of, and a mistake in any one of them could lead to the closing of the enterprise. However, it doesn’t have to be like this forever. With various expense management systems available at your disposal, running a business today has never been so easy!
Business owners of today want real-time information about how their business is performing. This is made possible through such expense management apps. In the entrepreneurial world, the phrase, “Jack of all trades, master of none” is highly relevant. If, as a business owner, you try to manage all the variables on your own, you wouldn’t be able to focus on your core activities.
Expense management apps lend you a helping hand in an efficient way. They can manage all the finances of your business while you focus on more important activities. Here are three expense management apps, which can support you and your business:
#1. ExpenseOnDemand
Being amongst the most robust expense management apps in the market today, ExpenseOnDemand has revolutionised the fabric of its industry. It is a small business expense tracking application, which enables entrepreneurs like you to identify where your enterprise is leaking funds.
Using ExpenseOnDemand dispenses various benefits to business owners. It would show you the growth trends of your business. Moreover, when all your bills and transaction receipts are stored in their database collectively, it would also help you to file taxes efficiently without any hassle. However, the primary benefit of using ExpenseOnDemand is that it also allows you to keep track of your employees travelling expenses. The app has automated the process of claims, approvals and reimbursements hence, making both the employer and employees happy!
Equipped with in-class features such as saving receipts as images, linking credit cards of the company, conversion of currency, and tracking mileage expenses with GPS, ExpenseOnDemand has proved that it is amongst the top expense management systems in the market today!
#2. LoanCalc
LoanCalc is a finance management app which makes borrowing seem easy. All you have to do in LoanCalc is enter the amount of the loan you’re looking for along with other terms, such as the interest rate you’re willing to pay and the time duration and that’s it!
LoanCalc would automatically show you in easy graphical language, how much the loan could cost you and how much principal amount you’ll pay every month. It would also give you the metrics related to the interest payment and the time duration.
#3. Currency+
If you conduct business with international clients, then this app could be a lifesaver for you. As international currencies are extremely dynamic, it becomes difficult to remain up-to-date with the latest currency metrics. However, with Currency+, such stress becomes a thing of the past!
When you have installed the Currency+ app on your mobile, you’ll be bold in dealing with your overseas clients.
Final thoughts
In the end, we can conclude that a good expense management system is essential for running a successful small business. They make business operations smoother to execute and also help in improving the overall efficiency of the enterprise. However, the one app which has come into the limelight is the ExpenseOnDemand app.
With its easy UI and integrations with accounting software such as Tally and Xero, ExpenseOnDemand is the all-in-one solution for all your expense tracking needs
