Are you a small business owner, who is keeping track of your own books? Or do you have a bookkeeper, but no way to easily look through what he or she is doing? If you answered yes, then you need to get with it and download some apps to your mobile device or phone to view your business statements, keep track of your expenses and keep track of your mileage. And guess what, there’s an app for all of that!
Apps are a great way to keep track of your bookkeeping and your daily expenses. Here are some of the best new accounting and bookkeeping apps that small business owners should check out:
- ACCOUNTING & BUDGETING – QuickBooks Online is a tried and true software program that also has a handy app that we all should use. Most of you already use the software to keep your books, but now you can easily navigate the app to manage finances, invoice clients or even enter payroll processing. You should note that there’s a monthly charge for the service. There are other apps that claim to work better on mobile devices, like FreshBooks and Wave Accounting. Check them out.
- EXPENSE TRACKING – You should be keeping track of your monthly expenses and handing them over to your bookkeeper on a regular basis. Apps that can help you budget, then manage your spending and saving, are good tools to keep on your phone. Some of the most popular out there now are Mint.com, GoodBudget and Pocket Expense. Pocket Expense is great for tracking your spending and your employees’ spending. Small business owners who want to keep track of their employees’ spending on the job should be encouraging staff to download apps that will help.
- MILEAGE TRACKING – If you travel a lot for business, then you and your employees should be keeping track of your miles. With high gas prices, miles can add up and small business owners should be taking advantage of every reimbursement possible. The IRS mileage rate for 2016 is 54 cents per mile for business miles driven. To make sure you deduct the right amount, you should be using apps, like MileIQ and TripLog. These apps keeps track of miles for both tax and business purposes.
Keeping track of your business expenses is a must to good bookkeeping. There are a lot of apps out there, so use them and hopefully you’ll save some money and create some great bookkeeping habits.