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Browse the siteMay 29 2014
Guest contributor Erica Christoffer of REALTOR®Mag says:
Successful broker-owners and managers need to keep close track of their income and expenses—both to set financial goals and to manage the daily operation of their business.
Today's financial software can synch between your computer and mobile devices for easy tracking and consolidate all of your accounts for budgeting and monitoring. You'll be able to see income and spending, debt and investments, accounting and payroll, and various bank accounts all in one place. Plus, you can control notifications from the apps and programs to notify you if a problem arises.
Here are three money management tools that will keep a small business on track:
This online service, which offers both personal and business accounts, lets you import your various bank and credit card accounts to track daily spending. The mobile app (iOS, Android, BlackBerry, and Windows) comes with SmartScan, where you can import receipts after simply snapping their picture. You can consolidate your receipts from other programs such as Dropbox, Evernote, and even your e-mail inbox. The application creates charts and graphs to further help you analyze your financial picture.
While these basic features are free, Expensify charges $6 per user (after the first two users) to run financial data reports using the business account. Brokers can categorize expenses and reimburse employees via direct deposit, PayPal, or payroll. The service can integrate with accounting, payroll, or CRM software.