It is easier for you to stick to a budget than ever before thanks to the wide variety of online resources and tools that are available. Here are just five types of resources and tools that you are sure to find beneficial.
Accounting Software
It will be easier to stay within your budget when you use accounting software.
You will find a variety of online accounting software and tools, all of which will have slightly different features. So, ensure you spend time comparing different ones to find the tools and features you need.
Accounting software is able to break down the costs for different areas of your business, such as for products and employees. It is also able to match costs with income to help you determine how much each area brings in and how you can stick to your budget in each area.
The more advanced the software is, the more it will be able to help you stick to your budget.
Some of the best accounting software include QuickBooks, FreshBooks, Oracle NetSuite, Zoho, and Melio.
An Online Calculator
Do not overlook how vital the humble online calculator is for helping you stay inside your budget.
While accounting software includes more sophisticated calculation tools, often you simply need to do some basic math to ensure you do not go over budget. So, you should always have a reliable online calculator to hand.
With basic functions like addition, subtraction, division, multiplication, and percentages, you can quickly perform calculations to stay on budget.
But more advanced calculators for businesses are available. Some of the best online calculators for business are the Event ROI Calculator from Attend.com, the A/B Test Significance Calculator from Kissmetric, and the Digital Marketing Budget Calculator from WebStrategies.
Financial Advice Sites
There are lots of websites that can give you invaluable advice and assistance on how to stay inside your budget.
Simply perform an online search and look for sites that are run by financial industry experts. Also, check out these helpful tips from pros on how to perfectly manage your business finances.
A Loan Comparison Site
If you need to take out a loan but also have a budget to stick to, you need to shop around for the best loan options. Thankfully, it is quick and easy to do that when you use a reputable online loan comparison site.
For instance, if you need a car loan, use the iSelect compare car loan service to save time and effort and find the features you need, such as the lowest interest rates and fees.
Budgeting Software
While accounting software and online calculators can be invaluable in helping you to stick to a budget, if you want heavy-duty tools for ensuring your budgets are always spot on, you should make use of online budgeting software.
Some of the best on the market include the following.
Personal Capital
To track various aspects of a budget, Personal Capital is a good option.
The financial dashboard enables you to clearly see everything that is going on with your finances. And when you have a clear view of the big picture, it is easier to track your progress and work towards your financial goals.
Furthermore, Personal Capital’s budgeting software allows you to track your investment portfolio and receive objective investment advice.
Mint
With Mint, you can link all of your different accounts, such as your business account, personal checking account, savings account, and credit card accounts.
All of the financial information for each is automatically updated, so you can have an excellent real-time overview of your money and spending habits.
My Spending Plan
When you use My Spending Plan, you can simply put together a budget to help with both your short-term and long-term financial goals.
