5 Free Financial Tools for Small Businesses

February 11, 2020

Financial Status AnalysisSmall businesses need to know about free financial tools that can provide the utmost convenience. Every owner knows the pain of just starting and wanting to track all of their costs. Expense management is extremely crucial for this part. 

At DeepSky, we believe that you shouldn’t overspend on finances. We, in fact, assert that many paid accounting software for businesses are the worst and are touted as necessary when they aren’t. You can do so much better with free tools when you are gaining the capital to start turning a profit. 

Top Five Free Accounting Tools

Note that not all of these tools are limited to financial and accounting potential. You can use them for marketing, project management, and more. 

Wave

WaveTM is accounting software that comes in both a free and a paid version. You can use the free version to keep track of receipts as well as for managing and sending invoices.  The basics can make all the difference when you are just starting out. 

Tableau Public

Tableau Public is a free version of the same data visualization program. When the paid version is out of reach, you can use Tableau Public instead. You can use it to evaluate your customers online and their location, to utilize when crafting your plans for sales revenue. This is great for when you want to leverage data for sales purposes. 

EquityNet

Crowdfunding is not easy, but it’s good for a business to receive access to as many investors as possible. An investor can not only provide the capital you need to expand but also deliver guidance that a business requires to grow. EquityNet’s free version helps you devise a business plan and then shows it to investors on the website. You receive the assistance required and save the time spent meeting with potential venture capitalists and angel investors in person. 

PayPal

While no business should have large amounts of money within PayPal — this is a good way to get your account frozen for months — you can use PayPal’s invoice generator to create and send notice of payments to your clients. You can track activity to see who is fulfilling their invoices and who isn’t. The website is designed to help you leverage expense tracking and to act accordingly. 

Google Drive

You may not believe it, but Drive is a good way to conduct tracking. Google Sheets allows you to do complicated equations the way that Microsoft Excel does so that you can make financial projections and keep all of our expenses in one place. You can input formulas and save the confidential information on a password-protected drive. 

Improve Your Cash Flow With DeepSky

DeepSky wants to help every business owner optimize their finances. With our Financial WingmanTM program and more, we can ensure that you reach the next level at a fraction of the price. Our experts customize programs suited to your business.

Reach out to us to find out more. DeepSky is ready to help you turn a profit, with the right financial management. 

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