August 5, 2020
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Finance

Best Apps for Accounting

We are living in a world of businesses and cutthroat competition. The increase in economy has given rise to the need for accounting whose key purpose is communication with relevant stakeholders, and to update information about the business’s financial position so as to make decisions about their resources. This implies that the process of accounting requires a highly disciplined and trained individual.

Now, as the scale of businesses is rising, accounting for these businesses is getting more complex. The transactions in businesses are being done on such a massive scale and frequency that it is getting more difficult for individuals to keep track of these transactions during accounting. Considering the chances of human error, even a minute’s error may give rise to major issues which might eventually lead to the downfall of a business.

Apps have surely made the world easier, now with these accounting apps available for managing businesses, one can have a more accurate estimation and a streamlined flow of the business.

Due to various issues in human accounting, the businesses are switching to app-based accounting. There are various apps for accounting, some apps which are the best in the market are listed below: 

TallyDekho

It helps customers to access the complete Tally ERP9 data instantly at one touch.

The features of this app are:

  • The use of google drive for storing data.
  • Takes care of the user’s data by encrypting it with 256-bit encryption.
  • The data in mobile can only be accessed after scanning the QR code from Tally ERP desktop.
  • The complete list of connected devices is shown in the Tally ERP desktop which is managed by the admin.
  • The data is stored and accessed with the user’s permission and only the admin can manage which accounting data should be given to the prospective device.
  • A dedicated dashboard where everything is just a click away.
  • Check ledgers of different companies with different time periods on-the-go.
  • Provides various reports like daybook and profit & loss statements on a daily,weekly, monthly and yearly basis.
  • Check the items in stock, their pricing, and quantities on the smartphone.
  • A bird’s eye view of sales, purchase, and expenses through graph and financial data
  • Data is synced between the desktop and mobile in real-time.Image result for best apps for accounting

Quickbooks

It is not necessary to be an accounting expert to have an organized business bookkeeping. The features of this app are:

  • Track Mileage Automatically.
  • Dashboard Business Insights
  • Create invoices.
  • Manage expenses, Track sales and customers on the go

Square Point of Sale (POS)

A free point-of-sale app that gives one everything needed to run and grow a business with the latest processing features for a merchant terminal. The features of this app are:

  • Accept Visa, MasterCard, Discover, and AMEX.
  • Customers pay, tip, and sign right on one’s device.
  • Cash, gift cards, and other forms of tender can be recorded.
  • Invoices can be tracked or sent from one’s point of sale system.
  • Customize the products with photos,names, and prices.
  • Receipts can be sent via email or text message.
  • Issue refunds and apply discounts.
  • Access the complete sales history and real-time sales data.
  • Real-time tracking of inventory.

Tsheets Time Tracker

A cloud-based scheduling and time tracking app that allows employees to clock in and out of the job site with their own mobile devices. Paper timesheets are replaced by electronic time data which makes invoicing and payroll less costly and fast.

The features of this app are:

  • Time tracking for employees on the move, edit timesheets, add notes on the go, see changes to schedule, change job codes, clock in/out.
  • Lets employees easily clock in and out of assigned jobs or shifts through the in-app scheduling.
  • Even when employees are out-of-service, there is on-the-clock GPS tracking.
  • If the employees don’t clock in as scheduled, there are email, text and push alerts.
  • Seamless integration with QuickBooks for PC and Quickbooks online.
  • Integration with popular accounting, payroll, invoicing software.
  • Real-time and powerful reports in multiple formats.
  • Detailed time log and safe data storage to protect one against audits and labor disputes.
  • Developer open API.

Freshbooks Cloud Accounting

It allows running small businesses fast, easy and secure and everything is stored in the cloud. It can be used on any mobile device. The app is trusted by millions of small businesses and self-employed individuals and is designed with simplicity.

The features of this app are:

  • It helps one get paid in a flash by creating professional invoices in seconds.
  • Gets one paid quickly and securely and accepts credit cards online.
  • At a glance breakdown of one’s billable hours to ensure the right amount of billing is being done based on invoice and tracks one’s time.
  • Payments are automatically recorded.
  • Snapping photos of receipts right from the mobile device makes capturing expenses on-the-go easier.

Book Keeper Accounting

It is a business accounting app for small and medium businesses that supports taxation.

The features of this app are:

  • Create an unlimited inventory, transactions, companies, and accounts.
  • Add a company logo to invoices, email invoices, track paid and outstanding invoices, sign invoices and customize invoice fields like quantity, rate, amount in words, shipping details.
  • Create and send estimates to customers and convert them to invoices later.
  • Enter payments made, income earned, business expenses and analyze profits earned.
  • Manage the entire inventory in different warehouses.
  • In-depth analysis of the business.
  • Offline accounting app.
  • No dependency on other software, no signup required.
  • No prerequisite accounting knowledge required.
  • Sync company data across multiple devices via dropbox.
  • One can collaborate with employees and accountants.

PayPal Business: Invoice Maker

The best app available to manage money for merchants,track sales, send invoices. This app takes the role of a business manager.

The features of this app are:

  • Make and send invoices quickly.
  • Track account activity.
  • Transfer money.
  • See sales trends at a glance.
  • Access customer info.

Workday

It provides secure and mobile access to the applications on-the-go.

The features of this app are:

  • Capture expenses, request or view time off, review the payslip and clock in and clock out to enter time worked.
  • View tasks and notifications that require attention and take action immediately.
  • Securely view worker profiles, browse company directory and leave feedback.
  • View team or individual profiles and immediately take actions like make a compensation change, provide performance feedback, perform a job change.

Paycom

It is made for the employees who have already utilized Paycom’s HR and payroll technology. It puts the power of Employee Self-Service technology on the mobile device.

The features of this app are:

  • Access data whenever and wherever needed, including past and present pay stubs, tax forms, benefits, performance reviews, etc.
  • Get on and off the clock by punching or input on a web-based timesheet through the app. One can also submit the time for approval, check accruals and request time off for vacations.
  • Reimbursement is done by simply snapping a photo of the receipt and uploading it through the app. One can check the status of pending reimbursements as well.
  • Employer-assigned training courses or learning paths can be taken.

Zendesk Sell

It is a sales productivity platform that combines intelligence and usability to give a modern mobile sales experience.

The features of this app are:

  • Geolocation on a native app to view all nearby customers.
  • Email templates for personalized and quick communication.
  • Email view notifications to notify when a message is opened.
  • Automatic call outcome tracking and call logging.
  • Smart list integration to view existing smart lists directly on the phone.
  • Communication tracking with sync functionality.
  • When critical leads, contacts, and deals are updated, a real-time notification is received.
  • Reporting functionality with a clear user interface.

WhatsApp Business

It enables one to have a business presence on WhatsApp, communicate more efficiently with customers and helps a business grow.

The features of this app are:

  • A business profile helps customers find information that is valuable like location, website, or contact information.
  • Dedicated response to the customers.
  • One can use both WhatsAppBusiness and WhatsAppMessenger on the same phone given that each app has its own unique phone number.
  • One can respond to customers right from the browser.