If you're recently launched a business or growing your side hustle, Wave is an optimal platform to get your financial house in order. Designed for entrepreneurs, Wave enables you to track sales and expenses, manage invoices and customer payments, and pay employees under one roof. More importantly, it's free—at least the starter plan is, which we can all appreciate right now.
Gigwage makes your transition to outsourcing just a tad bit sweeter. This tool rolls up a bundle of features to quickly payout contractors, facilitate onboarding, and direct deposits. For those who can handle some sophistication made easy, Gigwage also includes automation features for managing things like compliance documents or mass payouts.
Onpay is perfect for new entrepreneurs who are starting with a team (or savvy accountant) and could help organize processes. It primarily functions as a payroll tool but offers a robust suite of integrations and features such as QuickBooks and Xero.
Growing a team also means growing pains without the right tools to cut through the weeds, precisely what Rippling does. In addition to assembling the overall financials, Ripple acts as an employee engagement platform paired with data protection software to establish a firm handle on IT. Their onboarding tool even includes an inventory management app.
We're biased here, but there's a reason why we love this super user-friendly platform. Gusto handles onboarding, payroll, and benefits management for small to mid-sized businesses. Part of their solution suite includes options to leverage a Human Resources expert to help offset compliance risks and keep things buttoned up. What more could you want?
Xero's cloud-based accounting software has quickly risen to popularity for small business owners with larger operations. Aside from managing standard accounting tasks, Xero layers invaluable functions like converting quotes into invoices, file storage, and customized financial reporting. Above all things, Xero hosts a library of resources to help answer burning questions that arise as a business owner.
Ranked as PC Magazine Editor's Choice for 2019, Expensify helps simplify expense tracking for small to mid-size businesses with more sophisticated operations. Users can link their credit or debit cards to their Expensify account to sync charges directly on a report. With clean automation and unique features like mileage capture, Expensify is a viable option to condense expense tracking and stay focused on your bottom line.
With so many changes taking place daily, it's imperative to establish a firm grasp on the things we can control. Finding the right tools to manage business finances can help guide tough decisions—and make your life a bit sweeter in the process. If you could use help with implementing the right systems across your business, don't hesitate to contact us and we can guide you on the best approach.