Top 6 Business Budget Software For 2022

A good number of accounting professionals, freelancers, businesses, etc. seek automation in their financial tasks. The custom budget software can help with Financial Planning, run reports and track expenses. Besides streaming workflows, it also increases overall business efficiency. You may seek comprehensive software that can help develop pared-down or detailed financial analysis. Fortunately, you can come across lots of options in the market.

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What is Business Budget Software?

It can be termed to be a program that is meant for small businesses to forecast, track and manage their business budget. Its powerful reporting capabilities enable financial statement generation and management. It includes profit & loss statements, cash flow reports, etc. Also are offered additional features like payroll services or payroll processing.

Top Software Programs To Check Out

1. Xero:

You may perhaps not require software having much complex accounting features. This one is provided with advanced features and a wonderful cloud-based solution. You can track budgets, invoices and accounts in one place. Project and expense management modules are also useful. Three pricing plans are offered namely, Established, Growing and Early can be availed for enhancing Business performance. It is affordable, allows unlimited users, strong customer service, accessible user interface and has amazing integration abilities. However, with limited reporting options, it is not meant for larger businesses.

2. QuickBooks Online:

This software is well-known for its overall functionality. It virtually automates all financial business tasks ranging from billing to invoicing to sorting expenses. Dashboard along with user-friendly interface allows tracking expenses and budget. It also is fitted with robust reporting abilities. Small businesses may select any inbuilt reporting option or customized reports to create vital financial reports and ensure better Enterprise Performance Management. There are offered four plans like Advanced, Plus, Essentials and Simple Start.

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3. PlanGuru:

It is a wonderful software solution for business forecasting and scalability. It does offer highly detailed and simple operating budget monitoring options. It offers 20+ forecasting techniques to allow forecasting and budgeting for 10 years in advance! It offers both desktop application and cloud-based app. For better Business performance, it integrates Xero, Quickbooks and Excel. It also offers integrated balance sheets, cash flow statements and income statements. However, desktop is not provided with remote access and has limited reporting flexibility.

4. FreshBooks:

This software is created to support medium and small-sized businesses. It is meant for businesses seeking basic budgeting tools. During budgeting, estimates can be developed and viewed. Its expense tracking system allows efficient budget control. But it is not developed to manage complex budget planning. It offers four versions like Select, Premium, Plus and Lite. This Financial Planning can integrate easily with various other web services. It is also easy to navigate, supports simple invoice generation and offers sophisticated reporting.

5. Centage’s Budget Maestro:

This software provides suite of accounting and budgeting tools to both medium and small-sized businesses. This cloud-based software allows easy creation of complete budgets as well as manages budget models. It also has several impressive abilities including generation of infinite ‘what if’ budgeting scenarios. Also are offered custom dashboards thereby allowing non-finance and finance professionals to understand financial data quickly. It also supports multiple contributors to work on a budget together.

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6. Float:

This software helps manage cash flow. Users can set budgets and have real-time visibility of their cash flow. The latte can also be viewed on monthly, weekly and even on daily basis as desired. Users are alerted if there is low or surplus cash flow. You may avail free 14-day trial period including three paid plans like Enterprise, Premium and Essential. This Enterprise Performance Management software is user-friendly, requires quick setup, imports data automatically, etc.

There is plenty of Business Budget Software created for small businesses. You need to review each of them and select one that fits your needs.

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