Running a company encompasses so many different tasks, and managing your finances is one of the most important. From forecasting to taxes, expenses and budgeting, you’ll need to protect your business finances from every angle. Luckily, there are many different types of software which can support you with this process.
1. Jedox
Jedox is a type of performance management tool, which offers forecasting, budgeting and planning features. Businesses can use these features to support HR, finance, sales and more. With Jedox, companies can streamline planning processes and benefit from financial analysis. The tool uses a combination of business intelligence and finance models to improve your finances.
2. QuickBooks
QuickBooks is one of the most popular accounting solutions for businesses. Using this tool, you can oversee your sales, track expenses and organize invoices. With QuickBooks, you can create financial reports and visualizations to gain a complete picture of your business finances. You can also get insights about sales performance and expenditures. What’s more, business owners can create balance sheet reports, receive tax calculations automatically, print checks, and digitally capture receipts. With a robust accounting tool like this, you’ll streamline your financial processes and gain a little time back.
3 . Kashoo
Kashoo is a great accounting solution, whether you’re a freelancer or a small business. It’s easy to use, providing entrepreneurs with great flexibility. With Kashoo, you can organize your audits, taxes and expenses, using any device. A few other features of Kashoo include accounts payable, multi-currency capabilities, invoicing, billing and expense tracking. You can view losses, expenses and profits all from one dashboard. Kashoo makes it possible to improve your forecasting and take control of your finances. A software solution can be less expensive than hiring an in-house accountant, plus you allow yourself to learn a few new skills.
4. Biz View
Biz View is a forecasting and budgeting tool, which can help you to improve your finances. You can improve the accuracy of your forecasts, and shorten your cycle time. The interface resembles Excel and allows users to customize their budget, using any kind of hybrid model they desire. With Biz View, you can create financial plans, and allow your team to take part in the financial planning process. The right financial tools can help your business to boost productivity, reduce downtime and improve your cash flow.
With the help of these tools your business can create a roadmap to financial success.
Further Advice
Protecting your business finances isn’t just about budgeting and accounts; you’ll also need to invest in business insurance. A business insurance package can help to protect your company against potential financial losses. For instance, if your business is up against a compensation claim. A claim might be due to accidents, theft or loss. When you’re researching business insurance providers, look for a company with expertise in your industry. Whether you’re looking to insure your travel agency or your law firm, it’s helpful to choose a service with knowledge of your field.
