#10 Best Financial Tools for Small Business 2023

QuickBooks Online is an excellent alternative for a broad range of companies, particularly those who want to interact regularly with a bookkeeper or accountant. It provides a high degree of capability, flexibility, and scalability.

Although this tool is simple to use, there is a learning curve, especially if you are unfamiliar with basic accounting concepts. This financial tool provides you with access to a marketplace of over 600 applications, including third-party tools.

Gusto offers a smart set of regularly used payroll tools for small businesses, as well as an excellent user experience that should appeal to managers who are new to payroll. Moreover, it simplifies the process of onboarding new staff and helps you minimize manual errors. This application also includes a variety of payment schedule options, supports the management of employee benefits, and automatically calculates and submits payroll taxes.

FreshBooks integrates with Gusto to handle accounts receivable and payable, inventories, and payroll. It includes a full-featured online accounting system and is perfect for small businesses. This accounting software has four plans: Lite ($15/month), Plus ($25/month), Premium ($50/month), and Select (custom pricing). Furthermore, this tool has its own website, where you will find a box with three setup steps, Add Your Clients, Add Items and Services, and Send an Invoice.

Expensify provides technological integration, efficient optical character recognition (OCR), and a workflow system to make a user’s schedule easier to manage. An even better solution is provided by the software, which will automate the expense tracking procedure whenever possible. Additionally, these financial management tools have two price options for individuals and businesses: annual subscription or flexes billing through pay-per-use.

Zoho Books provides usability, flexibility, and depth in areas including sales and purchases, time and project monitoring, and inventory management. This tool is an exceptional value among small business accounting websites.

Furthermore, this tool offers a Free Plan for businesses with less than $50,000 in yearly revenue. It has a lot of features for a free application, including configurable multilingual invoicing, client portals, payment options, and expense/mileage tracking.

PlanGuru is a budgeting, forecasting, and performance assessment tool for small and mid-sized businesses. It has a simple, intuitive design and excellent connectivity with Quickbooks and Excel making implementation and use straightforward for businesses of all kinds and shapes. If you are unfamiliar with basic accounting concepts, this company provides a series of online training videos to help you learn how to use the tool.

This financial tool offers an excellent combination of capabilities, including simple administration and the opportunity to add on services as required. It enhances its solution with access to actual human consultants.

As a result, Zenefits is an ideal software for both benefits administration (BA) and human resources (HR). Because of its focus on an advanced approach, access to payroll and navigation features, and substantial capacity, this tool would be better suited for larger companies.

SurePayroll is capable of producing and maintaining personnel data, conducting payroll runs, handling relevant taxes, and keeping small businesses up to date on their responsibilities. This financial tool offers 2 subscription options: Full Service and No Tax Filing.

Furthermore, it also provides a degree of flexibility not available in other competing systems. It may meet the particular demands of a wide range of businesses, including households, nonprofits, restaurants, and dental practices.

Palo Alto Software LivePlan may assist you in producing anything from a basic, bare-bones startup-style business plan to something deeper and interactive for a larger, more complex company. With its links with your accounting apps, it can surely be much more than just a tool for creating a business plan document. This tool allows you to enhance your presentation with a variety of aesthetic themes, control over line spacing, and a toggle for whether or not to mark a document as confidential.

inDinero is excellent for small to medium-sized companies looking for a simple, scalable, and effective way to automate financial tasks. It is specialist company accounting software that helps business owners in understanding where their money is going and how much profit they are earning. This financial tool allows quick access to critical financial information, while it also offers full automation of daily accounting activities and simplifies tax management.