4 Applications that Facilitate Financial Recording

Finance is one of the keys to success in business and life. Unfortunately, many entrepreneurs are still negligent in recording business and personal finances. Usually they do not know where the money that has been used has gone because there is no record of incoming and outgoing money.

Indeed, now the banking industry has provided qualified facilities to reduce business financial records, but not for personal finances and small expenses. Not everyone uses a debit card to buy their needs, so not all financial transactions can be found out by the bank. Then how can we keep track of these expenses? The answer is to write it down.

The next question is what is the most practical medium for recording these expenses? Paper, book or cell phone? Now we can record personal and business expenses with an application available on a smartphone. Various applications available for smartphones can make it easier to record our finances, here are some selected applications:

1. Toshl

Toshl is a financial recording application that has complete features. We can use these various features for free. The convenience offered in addition to recording every income and expense is that you can divide them into several categories.

So you can see all transactions related to the category you typed. There are features that are paid for more complex needs. You can upgrade with a monthly subscription. If we use the paid version, the reports can be made in Excel, PDF or Google Docs.

2. Expense

The interface is simpler than other financial applications. The feature of Expense is to record various income and expenses easily and quickly. Adding transactions, charts, budgets, and accounts is a standard feature that can be found in this application. Using the application is very easy, we just need to add transactions by pressing the button provided.

There are also additional tools, such as a regular calculator for calculations, sales and taxes to calculate taxes, a tips calculator that provides tipping calculations when eating at a restaurant, and a currency converter that functions to calculate currency exchanges.

3. NgaturDuit

This is an application that makes us feel that managing finances is not complicated. We can record all kinds of routine expenses such as paying for electricity, water, or a household assistant's monthly salary to the investment balance. How to use it is not complicated. Interestingly, we can do financial consultations for free on the website. This application is quite detailed, we can add various data that we have. We can add the two accounts we have, or even more than two. we can take notes for both in different subjects. This also applies to transactions and budgets. We can also define categories for each transaction and budget.

4. Mobile Balance Sheet

In the mobile balance sheet view, there are report summaries created by the user. Then there is a display of a list of items with debit (deduction), and credit (addition) types. You can also export the report document so that users can save archives of their financial statements. This application uses period recording which can be set manually or automatically. This period is used as the recording keyframe. When changing periods, the recording of the previous period automatically carries over to the next period. This applies to cash flow, savings and loans.

For allocation, will always make a new allocation for the current period. Now recording financial conditions such as income and expenses has become more practical. You only need to use a smartphone that is always carried with you to do this, so there is no longer any reason to be negligent in carrying out financial records. There are various other financial recording applications, is your favorite financial recording application in this article? If not, what application are you currently using?

Remember, whatever the application is even if you don't use the application, please keep track of your business and personal financial conditions properly and consistently.