If you’re a business owner, you should always use a finance management tool to keep track of your finances. Fortunately, there are several tools on the market that can make managing your money a lot easier. From tax-loss harvesting to project planning, there are a number of different options for you to consider.
Planguru
Planguru is a finance management tool that provides an easy way to make better decisions in your business. It offers multiple ways to forecast revenue, create detailed budgets, and analyze your business’ financial results. The software-as-a-service (SaaS) tools of Planguru can help you take control of your finances and improve collaboration with clients.
PlanGuru is a cloud-based financial dashboard and reporting tool that gives you a single, unified source of truth for all of your financial data. Through this interface, you can monitor key financial KPIs and create custom reports in the format of your choice.
PlanGuru is an ideal solution for small businesses, nonprofits, and accountants. It allows you to build and maintain a comprehensive, multi-departmental operating budget. It also integrates a cash flow statement, balance sheet, and income statement.
Adaptive Insights
Adaptive Insights is a cloud-based finance management tool designed to help you with forecasting and reporting. It provides a powerful platform that is customizable and can be used by everyone in the organization. Adaptive Insights helps your business achieve better results, faster.
In this fast-paced financial world, you need to have efficient data aggregation. This is especially true if you have a large ERP system. By using a tool that allows for more effective data aggregation, you’ll be able to save time and avoid common Excel reporting mistakes.
Adaptive Insights has a range of interfaces and functionality that will make the implementation process as easy as possible. You can even set it up to be updated by non-finance employees.
EazyProject
EazyProject is an all-in-one project management tool that helps you manage tasks and finances. It offers a variety of features ranging from invoicing to time tracking and expense management. This software provides a comprehensive overview of your budget, task assignments, and outlays.
One of the more useful features is the EazyProject Dashboard. The dashboard is an overview of all your projects and allows you to make a budget that’s easy to understand. You can create a budget based on the duration of a project, or by allocating a percentage of the total expenses in a currency of your choice. In addition, the dashboard provides an easy way to set up deadlines and schedules.
Tax-Loss Harvesting
Tax-loss harvesting is one of the many tax management tools you can use to maximize your after-tax wealth. It is the process of selling investments with losses and offsetting gains elsewhere in your portfolio. In addition to helping you save money, it can also reduce your overall risk exposure and keep more of your investment capital available for future growth.
For investors with a lot of assets in taxable brokerage accounts, tax-loss harvesting can be a worthwhile strategy.
To start, you should discuss tax-loss harvesting with a professional. This includes your accountant and tax advisor. The latter can advise on the potential benefits and drawbacks, as well as the costs associated with commissions and other expenses.
GoodBudget
GoodBudget is a finance management tool that enables users to track their spending habits. It uses the envelope method to help users budget their expenses. In this method, money is divided into envelopes based on different needs and wants. For example, one envelope may be for groceries. Another may be for bills. These envelopes are categorized into spending categories and grouped together so that users can better control their spending.
Envelopes are also used for savings. This budgeting technique helps limit impulse buying. The envelope system is a time-tested budgeting technique.
GoodBudget is a free finance management tool available for both Apple and Android devices. Its features include expense tracking, debt payoff, and a library of financial resources.
Wally
Wally is a budgeting app that gives you a comprehensive view of your financial situation. It offers tools to organize and track your spending, as well as an easy-to-understand explanation of why you spend your money.
Wally is free to use and can sync multiple accounts. Users can import bank accounts and credit cards from thousands of banks. They also have options to upload receipts and important documents. However, you must first set up a password to login.
Wally has two versions, one for free and the other with a few extra features. You can download the app from the app store. Once you have your account set up, you can import bills, loans, and other bank transactions.
