You may have gone into business because you are passionate about the product or service you are providing, but that isn’t the only thing you need to be successful. Without making money, and carefully managing the money you have, you could find yourself out of business no matter how passionate you are.
However, making money means more than selling more products, and managing your money means more than having a bank account. With these apps, you can better make and manage money so you can stay in business for a long time.
You can always sell more if you’re looking for a way to boost your revenue, but don’t make the mistake of thinking that’s the only way you can make money. Nonprofits understand the benefits of fundraising CRM software, as well as apps, like PayPal, Give Lively, and Facebook Fundraisers, but other businesses can benefit from using these kinds of apps too.
Sometimes, it more about getting the word out about your business so that you can sell more stuff. If you get involved in volunteer opportunities and regularly fundraise so you can donate items or provide services to needy community members, more people in the community will hear about your business, which in turn means you will earn more customers.
Accounting and Bookkeeping
No business can survive without accounting and bookkeeping software. It helps you keep track of every single penny so you can make more effective plans for making, spending, and saving money. Not to mention, it is absolutely essential when it comes to making sure you complete taxes properly every year.
There’s no question that QuickBooks is the most popular accounting and bookkeeping software. Just don’t make the mistake of thinking it’s the only application that’s available to small businesses.
The biggest benefit of considering a different bookkeeping software is the fact that many of them are using cloud computing software. That takes a lot of the pressure off of making sure that your systems are functioning properly, and it gives you the ability to access monetary information from anywhere at any time.
On-the-Go Payment Apps
Do you regularly sell products and services on the go? If you ever step foot outside your store to sell your stuff, you should definitely look into on-the-go payment apps.
Applications, like Square, mean you can process payments using a cell phone or tablet. Customers can quickly and easily swipe their card, which can make signing up for farmer’s markets and holiday markets a lot easier.
Not only do these kinds of apps make it easier for customers to purchase items from you, they can also make it easier for you to make purchases as well. From PayPal to Google Pay, Venmo, Zelle, and Apple Pay, apps can make it easier for you to pay vendors and suppliers with the click of a button.
Your employees need to be paid fairly and consistently. However, payroll is one of the least exciting aspects of owning a business. Make payroll easier by downloading and using apps to your advantage.
QuickBooks is always an option, but you may want to consider a specialized payroll app instead. For example, Gusto is a great option. Not only does it include payroll setup, processing, and reporting tools, it focuses solely on the payroll process, which means it is extremely intuitive and easy to use.
Every business has a bank account. You really can’t function without one, but chances are, you aren’t taking advantage of everything your bank has to offer. That is especially likely to be the case if you haven’t downloaded your bank’s app yet.
Banking apps can provide you with the ability to check your accounts and transfer money in an instant, but there are many things your banking app can probably do that you aren’t taking advantage of. Just a few banking app tips and tricks include:
- Deposit checks
- Set spending limits
- Make spending notifications automatic
- Check your credit score
- Apply for a small business loan
- Analyze spending and saving habits
Do a lot of traveling for work? Many apps also allow you to notify your bank of your travels. That way, your bank doesn’t inactivate your card when you need it the most.
Managing your business’s money means more than knowing how much is in your bank account. Make some of your more complex financial responsibilities a little easier with the apps on this list.