Thursday, April 8, 2021

Completely Free Financial Tools for Small Businesses 2021

Management information software (MIS) plays an increasing important role in businesses of all sizes. Chief Data Officers is becoming a standard position on most board of directors though just because your business does not have a board just yet that does not mean you cannot take advantage of the sheer amount of software available to you. Many financial opportunities and tools on the market are free and provide a stellar service that can become a key component of your organisation. This list will be continually updated as we find more great free software for you to take advantage of.

Bokio

Bokio is the complete package to address the administrative problems that bookkeeping and accounting cause for young entrepreneurs and small businesses. It comes with a host of functionality that allow small business owners to keep track of all financials considering the organisation. You can even track all incoming financials such as from asset financing on the dashboard.  It has an incredibly intuitive interface combined with a complex AI that manages invoices, bank feeds, transactions, and financial reporting. As well as being available for established companies, (where it can automatically pull data from company’s house) it also has a version for sole traders.

The best part, this software is completely free. No upsells or added features, you get absolutely everything when you sign up.

Sumopayroll

Sumopayroll is the all-in-one solution for payroll in small to medium businesses. The software itself provides an easy way to manage all your employees from one place. You can add employee information, update the information as required and terminate employees with an astonishingly easy to use interface. Payroll can also be done manually in a few clicks and this is all done with calculating TDS, EPF, ESI and other statutory numbers automatically to be fully compliant with government regulations.

The software itself is completely free provided your organisation has 10 or fewer employees. Its pricing is also very affordable if you happen to exceed this number.

inflow

inflow is an inventory management tool that let you easily track orders, manage inventory, and, most importantly, save time. As well as forgoing the need to create a constantly updating spreadsheet, the inflow system is also hosted on the windows platform that it is run on. This means it can run entirely offline helping you manage your inventory wherever you are.

The first 100 products are free, which should hopefully be enough for a small business to run on. After that users must upgrade to a regular or premium account to add more. These additional memberships are a one off payment rather than a subscription, so you do own the licence indefinitely if you purchase.

 

1 comment:

  1. Excellent post. keep posting like this kind of content Payroll Software India is a leading software company in India. They outsource software . This software is based on cloud usage.

    ReplyDelete

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