You Love People, Not Numbers.

You are running a service-based business because you love people! We doubt you opened your boutique so you could worry about invoicing. And we know you didn’t open a bar so you could stress over projected income spreadsheets.

And you are not alone. A study from U.S. Bank said that 82% of businesses fail because of cash flow problems. In fact, this article goes into more staggering percentages about why small businesses fail.

Running day-to-day operations and focusing solely on cash flow activity seems to always come secondary to serving the customer because it’s the people you love, not the numbers. But you can’t forget about budgeting, expenses, forecasting and making sure you are profitable.

Here are 3 cash flow apps we found that will hopefully save you some much needed time and energy. And FYI, these just came up in our research. There are many apps out there with the same features, so do your due diligence and find one that fits your specific needs and budget.

1. Pulse – This app, designed for small businesses, allows you to monitor your cash flow on a monthly, weekly, or even daily basis. There are great features like organizing your income by project, creating reports, and even currency conversion. You can sign up for a free 30-day trial and plans start at under $30/month.
2. Float – This app shows you the big picture about your cash flow. Set specific sales goals, check on invoices, set budgets, create PDF reports of your forecasts and even create what-if scenarios to help you plan for the unexpected. There is a free 30-day trial and plans start at under $50/month.
3. PocketSmith – This app helps you control your spending by allowing you to sync up your bank account, credit cards and loan accounts in one place. Search transactions, use the budget calendar and even project daily balances as far as years into the future. There is a free 30-day trial and both free and paid plan options.

Apps can be a great first step in cash flow management, especially as a growing business. They are affordable and user-friendly. As you hire more employees, open new locations or enter into a different business model, an app might not be enough. There are various options to consider at that point, such as hiring an advisor or an entire firm.

At Simpay, we offer solutions for business owners that take the financial stresses off your plate, so you can focus on your customers. Contact us here to discuss how we can lighten your work.