What are the Five Best Apps for Small Businesses?
What are the five best apps for small businesses? In a world built on technology, apps for smart devices and computers are helping companies function more efficiently and in more cost-effective ways. There are a lot of apps available on the market today, and their uses depend a lot on the industry a company operates in. There are, however, five apps that any small company can use to help make them more successful.
QuickBooks is an accounting software package that is designed to help companies keep their finances in check. The app enables companies to run more efficiently. Financial statements can be quickly and easily edited and pulled up in an office or on the go. QuickBooks is also ideal for companies because it allows them to manage and keep track of all sales and expenditures. Profit and loss reports are also easily filed and managed.
In addition, QuickBooks makes it possible to keep track of invoices and quickly pay employees or vendors. To this end, the app is easily linked to a company’s bank account, credit card, or PayPal account. Receipts can be photographed and scanned in for recording purposes or so that employees can be reimbursed.
Wave is another great app for keeping up with financial information. The app is designed specifically for small businesses, namely those with nine employees or less. It’s perfectly suited for independent contractors and sole proprietors, as well.
Wave allows a company to scan receipts, keep track of all sales completed and expenses, and input and manage any accounting information. Also, it is designed to allow owners to pay their employees or to reimburse them for business expenses. Receipts for expenditures can be easily uploaded through a smartphone or tablet. The app is also available for both Macs and PCs.
Wunderlist is essentially a “to-do list” app, but better. It’s highly effective because it enables anyone in a company to easily create lists of tasks, projects, or assignments that need to be completed and the date that they need to be completed. The app makes it possible to quickly and easily delegate tasks to specific individuals or groups and share the information in seconds with anyone.
Wunderlist’s specifically designated business app not only makes it possible to delegate tasks and share them but to sort tasks into categories and to break each individual task down into subtasks. Notes, comments, and questions can be easily added to tasks and communicated quickly.
RescueTime is a time management software that is ideal for companies that want to track how time is being used and boost overall efficiency. The app’s basic version is free; the version that is more suitable for small businesses costs less than $10 per month.
RescueTime helps a company recognize where workers might become distracted digitally. The app makes it possible to track where time is being spent, specifically on websites or other applications. It provides a breakdown of each site and how much time is spent on a certain website, either on a daily or weekly basis. The app’s paid version makes it possible to track activity offline, set notifications (if the user spends too much time on one site), set limits for how much time can be spent on certain sites, and even block sites entirely.
RescueTime is available for both Macs and PCs; there is also a mobile version for Android smartphones.
Slack is the perfect app for helping staff communicate with one another. It offers an instant messaging platform that allows for quick and easy instant communication among its users. Messages can be organized into private conversations or opened up publicly so several individuals can respond.
In addition, Slack makes it easy to drag and share a variety of files, images, and PDFs within chats. All messages are indexed and archived so they can be read later. It also makes it easy for team members that couldn’t be part of a conversation to catch up on any information they might have missed.
Slack puts no limitations on how many users can be added to a chat, making it perfect for companies with either a few or many employees.
CFI is the official provider of the Financial Modeling and Valuation Analyst (FMVA)™ certification program, designed to transform anyone into a world-class financial analyst.
In order to help you become a world-class financial analyst and advance your career to your fullest potential, these additional CFI resources will be very helpful: