Every business needs a budget, which is why the budgeting app industry is worth over $1.5 billion. If you’re looking for the best budgeting software around, you’ll probably only find ads for random products that are overpriced.
Luckily, you don’t have to break out the pen and paper just yet. Let’s talk about some of the best budgeting tools to use in 2021 for your small business.
Best Small Business Budgeting Tools
Every business has different needs when it comes to budgeting software and other budgeting tips. Because of this, here are a few options that will offer you the same budgeting services with some key differences in additional features.
Quickbooks
Quickbooks is one of the best accounting tools out there, which is why so many bookkeepers use it. Quickbooks, as well as their self-employed version, are excellent for tracking expense reports and income.
The platform is very user-friendly, so a business of any size should have no problem figuring out how to use it. Quickbooks has great automatic features like sales tax calculation, expense tracking, on-time bill paying, and more.
You will get a free trial for the standard 30 days and prices range from $10 to $60 every month depending on the plan that you choose, and most plans will come with free use of Turbotax at the end of the year. For a small freelancer business, Quickbooks Self-Employed will only cost $5 a month.
Added bonus: If your company requires logistics or transportation of any kind, Quickbooks Self-Employed can be set up to monitor your location on your phone and track business miles for a tax write-off!
Scoro
Scoro is a budget-planning software used for financial reports and analysis, as well as budget forecasting. Not only that, but the app can also work as a CRM and project management tool.
There are several other planning and budgeting tools that are combined to make Scoro a one-stop shop for your business.
With all of these different features, you will be able to keep all of your important information in one place, including schedules, budgets, financial reports, and more, all for the convenient price of $26 per month per user. That is, after a 14-day free trial.
Float
Float is an excellent program for business budgeting and financial reporting just like most other apps. The key distinction is that Float comes with a highly visible dashboard that includes interactive cash flow forecasting.
This allows you to better understand how to manage your budget based on a variety of different revenue scenarios, while also offering realistic expectations based on up-to-date company data.
For a single user within the business, prices start at $35 a month. For up to 3 users, it will be $59 a month, and $119 for up to 10 users.
Keep Those Books!
Now that you know some of the best budgeting tools on the market today, you can make a more informed decision on managing your company finances. Stay up to date with our latest business news and find out how to create a budget for your small business!
