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Seven Financial Tools You Need to Manage Your Small Business

The article from Kiplinger outlines seven essential financial tools for managing a small business effectively. These tools include: 1) Accounting Software like QuickBooks or FreshBooks for tracking income and expenses; 2) Invoicing Software such as Zoho Invoice or Wave to manage billing and payments; 3) Payroll Software like Gusto or ADP to handle employee payments and tax calculations; 4) Expense Tracking Apps like Expensify or Shoeboxed for monitoring business expenditures; 5) Budgeting Tools such as YNAB or Microsoft Excel to plan and control financial resources; 6) Tax Preparation Software like TurboTax or H&R Block to simplify tax filing; and 7) Financial Dashboards like LivePlan or Float to provide a comprehensive view of the business's financial health. Each tool is designed to streamline different aspects of financial management, helping small business owners maintain better control over their finances and make informed decisions.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/business/business-finance/seven-financial-tools-you-need-to-manage-your-small-business ]