Financial Tools Your Small Business Can’t Live Without

Keeping up with the financial side of owning a small business can feel like a never-ending job. From invoices to expenses to day-to-day accounting and dealing with the IRS, it’s a wonder that entrepreneurs ever find the time to deal with actually producing goods or providing services.

Fortunately, technology has brought about a multitude of tools to save small business owners time and headaches on daily financial tasks. To streamline your financial management process so you can get back to your real job, check out these 10 financial tools for your small business.

1. Accounting Software

QuickBooks has long been the gold standard for small business accounting, but online accounting solutions such as Xero are recently gaining traction. Whatever program you choose for your accounting, make it work for you by choosing a tool that’s both as robust and as flexible as possible.

Business News Daily’s 2015 Buyer’s Guide recommends you look for these features: basic accounting tasks such as invoicing, expense tracking, and client/vendor contact management; automation of billing and recurring payments, quote and estimate creation, tax preparation, multiple-user access, payroll processing, mobile access, and integration with programs such as point-of-sale software, credit card processing, and Google Apps.


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