For every startup, tight margins and shoestring budgets are just a way of life. Studies have shown that around 90 percent of new businesses operate at profit margins of less than 10%, with many barely breaking even at all.
That’s why having the right resources to make sense of your business finances is essential.
When looking for the best financial apps, as many founders tend to go at some point in their growth phase, it is important to ensure that all of your budgetary needs are covered. That’s why we have compiled this list of the best financial budget apps for startups right now.
1. More Account Manager App
The best financial management app should be one that allows you to keep track of every aspect of your business.
With this account manager app, you can seamlessly integrate all of your customer and sales data into a single mobile interface.
More allows you to build your own commercial visit reports, offers, and orders, before instantly sharing them with everyone in your team. What’s more, it even works offline.
2. PocketGuard Budgeting App
Put simply, this is probably the best app for financial goals. It provides instant, clean snapshots of all of the budgeting info about your startup that you need to know.
It crunches the numbers to instantly tell you where the money is coming and going, and what your current margins are.
PocketGuard can also tell you how much you will need to budget to afford certain expenses, and how much you can expect to have leftover after.
3. GoodBudget Spending Allocation App
If you want to be able to seamlessly direct your resources exactly where you need them to go, then GoodBudget is one of the best financial planning apps on the market right now.
You can portion up your startup’s monthly income and divert it towards specific spending categories.
This could include sending money to payroll, expenses, or marketing. With the premium version, you can add and follow as many accounts as you want.
4. Float Cashflow App
When searching for the best app for financial goals, you need a platform that can track every penny of your startup’s cash flow in minute detail. That’s where Float comes in.
This sleek app provides users with a detailed, real-time dashboard that allows for total cash flow management.
You can be alerted to every major expenditure and potential budgetary issue, as well as access regular, bitesize budget reports that the app generates for you.
5. Personal Capital Investing App
When building your startup, it can be all too easy to forget about investing wisely. With Personal Capital, arguably one of the best financial investment apps for startups right now, you can make sure your money works for you.
You can monitor your IRAs and your 401Ks while tracking all of your business investments on the stock market.
The app also uses algorithms to provide up-to-date investment recommendations for your business.
The Best Financial Budget Apps
Sourcing the best financial budget apps is just one way to get your business off to a good start. For more startup advice and tips, make sure to consult our Business section to find out more about the resources you need to thrive.