No matter what type of business you are doing, you’ll need to maintain your accounts properly. In the old days, people kept business accounts in notebooks or copybooks. With the advancement of science and technology, people started to maintain these accounting tasks on computers in spreadsheets. Mobile accounting apps are the results of more advanced science and technology that have made accounting or bookkeeping tasks easier and faster.
Are you thinking of using one such app for your business? Then, please read this article because we’ll discuss the best mobile accounting apps for android & iOS here.
What are Mobile Accounting Apps?
Mobile accounting apps help to keep all your business accounts in one place. You can easily track all your business transactions, and trace all your cashflows, expenses, accounts receivables, accounts payable, and more with only a few clicks from anywhere, at any time. You don’t have to keep any notebook or copybook to keep all the accounts, and there’s no chance of missing any account if that notebook or copybook is lost. Generally, these are portals to your business accounting records saved in the cloud, which you can enter or access from your smartphones or tabs while away from your laptop or computer.
You can use some of these apps on both android and iOS devices, while there are others that you can use on either of the devices. Again, you can use some of this accounting software only in online mode, and there are some others that you can use both online and offline modes such as HishabPati.
Let’s know some other features of these mobile accounting apps.
Mentionable Features of Mobile Accounting Apps
The top mobile accounting apps ensure efficient financial and project management through timesheet workflow. The best mobile accounting apps will help you do the following tasks besides expense tracking and multicurrency invoicing.
Accounts receivables:
Mobile accounting apps give data related to accounts receivables so that you can get an idea about all payments to be received. This bookkeeping software makes regular reports to check the payments that you received so far and the ones that are still pending.
Invoicing:
Making invoices is quite crucial for your business if you want your business to be paid for the goods and services it has sold. Your daily accounting apps make this task of preparing invoices easy, and fast, and ensure that your company gets paid for services rendered and goods sold on time.
Managing cashflows:
Whether paid or free, accounting apps give strong dashboard support to manage cashflows. These dashboards let you see your cash inflows, business expenses, and bank balances.
Bank reconciliation:
These free or paid accounting apps help you with bank reconciliation, which is usually lengthy and tedious. These apps take data directly from the client-bank account so that the user can review each transaction that takes place daily.
Expense records:
This feature helps you to attach expenses to each purchase made. It lets you calculate the profit margin and every business transaction’s true cost.
Client accounting:
Accounting software works with coding and checking each transaction’s code daily. it is helpful both for bank reconciliation and assessing your business’s activities and performance.
Storing bills and receipts:
These apps keep all your online bills and receipts in their storage and you don’t have to maintain the paper bills and receipts and there’s no chance of losing them. You can get them whenever you need them.
Considering Factors While Choosing the Best Mobile Accounting App
The market already has plenty of accounting software for mobiles. You need to choose among them quite carefully. Take care of the following facts as
- trustworthiness and reputation of the brand,
- whether the app has the exact payment gateway,
- provides you with the topmost security,
- stores all your transactions exactly,
- files your taxes,
- helps in bank reconciliation,
- automates the repetitive tasks,
- helps in billing and invoicing,
- tracks the timing of the bills and invoices.
The above are some of the most mentionable things you need to consider while choosing your desired mobile accounting app for android and iOS. But it will become a tedious task for you to choose an app that meets so many criteria. We’ve made your task easier by making the following list. Just choose the best one from them that meets your requirements.
Top 5 Mobile Accounting Apps for Android & iOS
Let’s have a look and discuss the top mobile accounting apps:
1. QuickBooks Online:
QuickBooks is leading the industry for around 28 years or more with a huge worldwide user base of around 7 million people. Track expenses and income, generate invoices, track mileage, track your sales tax, and handle the cash flow. This app’s excellent expense management features let you create data reports, review cashflow statements and measure profits. it comes with four packages that will fulfill all your business requirements accordingly.
Interestingly, they will offer you a 50% discount for the initial three months. If you are not familiar with such apps, a clear interface only with the essentials will be the perfect choice for you. The ‘simple start” package will cost you BDT 2,525/month and BDT 1212 with a discount. The “plus” package is the most popular among its users that will let you track inventory and handle bills at BDT 3535/month with a discount.
Again, the advanced package costs BDT 7575/month. It will offer you so many extra features such as batching invoices, business insights, a dedicated accounts team, and automated workflow. Integrate apps such as PayPal and also take part in a live accounting session with experts. If you aren’t impressed yet with their discounts and offers, get its 30-day offer for a free trial.
Positives:
- User-friendly and intuitive user interface.
- Get dashboard support to manage the financial processes.
- Easily customizable structure and format for invoices.
- Integrate with any other app on your smartphone or tab.
Negatives:
- Initially, navigation between different modules is tough.
2. FreshBooks
Generate invoices, accept e-signatures, accept deposits, schedule late fees, estimate, onboard services, track time and expenses unlimitedly, and a lot more with this app. Manage several clients based on your chosen plan. Integrate with different business essentials such as Gmail, Slack, MailChimp, and the like. This app has a profound 24 million users in more than 60 countries of the world.
Freshbooks claims that a businessman can save accounting work of up to 192 hours with the use of this app. Prepare invoices, generate digital receipts, and many more. This app’s complete guide eases your choice of the suitable plan for your specific needs and its efficient use. Enjoy a flat 60 percent discount for the initial six months, and you will need to pay only BDT 757.50 per month for their plus subscription. They also have a 30-day free trial version.
Businesses, contractors, and different professionals use this app to organize expenses and manage receipts. You can create and track invoices easily with this app. Freshbooks provides various collaboration tools for handling conversations, files, and feedback.
Positives:
- It offers invoice tracking in real-time.
- Ensures easy implementation and cloud support.
- Manage invoices with customizable templates.
- Import expenses automatically.
Negatives:
- Becomes slow while handling large volumes of data.
3. Xero
Xero lets you pay the due bills, claim expenses, accept payments, automate invoices, perform bank reconciliation, manage expenses, track projects, calculate GST (Goods and Services Tax) and provisional tax for the mentioned period, and many more. You can manage your contacts to have a full history of sales, invoices, emails, and payments. It has over 2 million users in the whole world. If you are a novice, you may find the operation a bit difficult, but you’ll get 24/7 support from their customer service.
You need to pay BDT 2,020/month for their starting pack, BDT 3,030/month for their standard plan, and BDT 4,040 for their premium plan. You can also use a free trial version for 30 days to experiment with whether it meets all your requirements. You have the option to customize the plans by including the project tracking and expense claiming features.
Positives:
- Check outstanding and overdue invoices from its powerful dashboard.
- Unlimited software updates.
- Clean accounting interface.
- Excellent multicurrency support.
Negatives:
- You won’t get customer sales support.
- You can’t make journal entries.
4. Zoho Books
This app will automate your business workflow and handle your daily transactions. It has made its unique position throughout the last ten years. It will help you create invoices, calculate your sales tax, prepare audit reports, and more. You can easily integrate it with your rest of the business accounts and popular sites such as G Suite, Stripe, Office 365, and plenty of their self-created apps.
The paid subscriptions will start from BDT 2,020/month only for your company. The professional subscription will cost you BDT 5,050/month, and the premium plan will cost BDT 7,575/month.
Positives:
- View and manage multiple clients easily.
- Manage bills smoothly.
- The consistent invoice preparation process.
- The setup procedure is hassle-free and simple.
Negatives:
- You won’t get the payroll module.
- Storage capacity is limited.
5. HishabPati
HishabPati a simple and cost-effective accounting software developed in Bangladesh. While there are many mobile accounting apps in Bangladesh, most of them can only be used online or with an internet connection. As mentioned earlier, the HishabPati app can be used both offline and online. Additionally, it automatically syncs and updates data across various devices in the background. It is one of the best mobile apps for accounting in Bangladesh.
You can use this accounting app in both English and Bengali, and on various devices such as smartphones, tablets, laptops, and desktops. HishabPati offers some excellent features, including: Unlimited Product and Party Addition, Transaction Recoding, Expense Management, Various Reports, Customizable settings.
Subscription fee starts from just 99 BDT Only:
The hisaabpati app prioritizes affordability for small businessmen, offering two subscription terms – monthly and yearly – with three budget-friendly packages.
01. Basic Package: The basic package is completely free!
02. Premium Package: The monthly subscription fee for the premium package is just BDT.99. And there's a 17% discount on annual subscriptions! It will cost only 999 taka in a year!
03. Business Package: The monthly subscription fee of Business Package is only 199 taka! And there is a 17% discount on the annual subscription, just like the premium! So the cost is only 1990 taka in a year!
Know about all features of packages today in details & choose your desired package.
Positives:
- A user-friendly and cost-effective accounting app.
- Keep and manage records of all types of business transactions.
- It also simplifies managing expenses for your business.
- As all your accounts remain updated, tax filings become easier.
- It ensures complete security and protection of business data or information.
- Enjoy the auto-sync feature.
- It is the best free accounting software for mobile.
- The ability to manage multiple businesses.
- The ability to assign multiple users or operators.
Negatives:
- Since it's an app, development work for HishabPati is always ongoing!
Final Words:
Now, you must have got a clear idea about the best mobile accounting apps for android & iOS. So, choose the one that meets all your business’s requirements and also fits within your budget.
