Ours is a digitally ruled generation comprised of our computer or laptop screens. Today, everything imaginable is a click away. Since the introduction of smartphones and Android, the world has shrunk even further. There are various apps boosting our social and professional life. We are reaping the benefits of the efforts of a few innovative minds. The field of Accounting too has received that attention and transformation. We have various apps available today that have proven to be beneficial. Here are some of the apps that an accountant should definitely be aware about and what’s more, most are free!
Accounting is a vast subject and understanding what exactly you need and how best to do that can be tricky. This is where the app ‘Accounting’ comes in. The app is divided into small chunks and provides quick summaries of essential concepts in accounting by delivering snack-sized chapters and flashcards. Though the app is a paid one, it is worth the money.
Zoho Invoice and Time Tracker:
Zoho Invoice is a pocket friendly app and along with being free it is the best and the most convenient way to remind and accept payments from clients. Quotes can be sent along with tracking time for projects, and it can even accept credit card payments or send thank you letters to clients.
Combining the management of activities, EasyMoney is one of the best money management apps. This app includes an expense manager, a bill reminder, a checkbook register and a budget planner is thrown in for good measure! The expense manager gives an organized and detailed view of your personal finances and money management needs. It is easy to track and manage daily expenses. All sorts of expenses, for example business expenses, travel expenses, personal expenses and more can all be managed with the help of this application. The interactive reports and graphs on the app helps you analyze income, expenses, cash flow and balance over varied data range and accounts. The biggest advantage of this application is that it is free!
An awarding winning application, Check (which was formerly known as Pageonce) keeps a track of all your bills and money for you making sure you never miss a bill or get hit with an overdraft and late fees. A free app, it is simple to use. Just set it up and off it goes to work, monitoring your bills, bank account and credit card bills, all at once! Check will alert you when bills are due or if you are low on finds, so now you will never be caught off guard again.
Expense Manager is another great application for managing your account. It manages our expenses and income by tracking expenses and income by week, month and year as well as by category. You can add multiple accounts in multiple currencies along with scheduling the payments and recurring payments. This application can be used to take pictures of receipts, budget by day, week, month or year and you can also export account activities in CSV for desktop software. Expense Manager is absolutely free and to make things better, the app offers a backup on Dropbox and SD cards.
Financial Calculators is an amazing application for calculating, as the name suggests. The app has 13 different calculators ranging from a Time Value of Money (TVM) calculator to Currency Converter to a variety of loan calculators. It also includes a Credit Card Payoff calculator, Annual Percentage Rate (APR) calculator and a Return on Investment (ROI) calculator. Financial Calculators is a free application and only the currency convertor requires online access to work.
These are just few applications; there are many more out there that can make accounting very interesting. There is PayPal, Yendo Accounting, Xero, Shoeboxed and many more that are designed to aid you in handling accounts. So now that you know what to look for the next time you are on the App Store or Play Store!
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