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4 Indispensable Online Cash Flow Management Tools

| Guest Posts, Home Based Business | February 27, 2012

When trying to run a business, figuring out how to manage cash flow is essential. Cash is king in the world of business and without being able to keep track of your cash flow, it will only be a matter of time until the business becomes ineffective. When it comes to managing cash flow, there are a number of online tools that can be used by business owners. Some of these tools are indispensable once you start using them on a regular basis.

inDinero

inDinero is a cash flow management system that is designed for enterprise use. inDinero is popular because it is very simple to use and doesn’t take much time to make it work. You can be signed up and using the system within five minutes. They also have several different plans for you to choose from when it comes to utilising the system. For example, you can use a free plan with unlimited financial transactions and access up to three months of historical financial records. They also offer an “upstart” plan for $19.95 per month with 500 transactions and unlimited access to historical financial records. The unlimited plan gives you unlimited financial transactions and unlimited access to historical financial records. inDinero makes it possible for you to keep track of your business receipts and to create a cash budget.

Xero

Xero is another one that businesses can use to keep track of cash flow and accounting online. It is available for $19, $29, or $39 per month, depending on what type of package you want. One of the nice things about this tool is that it allows you to keep track of accounting, your invoices and your online banking all from the same place. It links up with your online bank account so that you can easily keep track of everything. Every day, you can import your bank transactions and code each of them so they are put into the appropriate categories of expenses. You can also use the software to come up with a simple one-page summary that tell you how your business is doing financially and how much cash flow you have.

FreshBooks

FreshBooks is another program that you can use to handle your business cash flow information. FreshBooks is a piece of online software that you can use for invoicing, accounting and billing. Many customers like the way FreshBooks is easy to use and everything is done online. For example, if you need to invoice lender customers, you can create the invoice and send it to him via email. Then the invoice has a PayPal button attached to it so that the customer can pay it immediately. This has the potential to increase cash flow because you are collecting more of your invoices quicker. FreshBooks has a free plan, a $19.95 plan, a $29.95 plan, and $39.95 plan depending on what you need.

Kashoo

Kashoo is similar to many of the other online accounting software programs that you can find. One of the key differences between this program and the other ones is that it is cheaper. You can get a free trial for a month and then you only have to pay $9.99 per month after that. With this software, you can do many of the things that the other software packages allow. For example, you can send out online invoices, keep track of expenses and payments, gauge cash flow and get estimates of financial health. Another nice feature of this particular program is that it allows unlimited users with secure access. This means that it can be used for any business size. It also has support for many different currencies, so you can use it regardless of what type of transactions you are engaging in on a regular basis.

Useful Resources

Conclusion

Before choosing one of the above software programs or any others, consider opting for a free trial. This way, you can see how the software works before moving your business over to the program.

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One Response to “4 Indispensable Online Cash Flow Management Tools”

  1. Hi Carla,

    When it comes time for me to offer a product on my blog, I will need some type of cash flow management system. I hadn’t thought about that until reading your post. So thanks for sharing this information. I know that it will come in handy soon.

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