Tracking your business expenses is one of the most important things to do of having a business, other than looking for the perfect phone system for your business. Business is a matter of how you play your resources right. You invest in something and if it sells, you earn money, otherwise, charge your losses to experience. But how can you accurately tell how much your business earned, invested, and loss?
In most cases, business owners hire someone to do that for them and that job falls under to an accountant. For businesses who don’t have the budget to hire an accountant, owners rely on software that can track their business expenses and everything that comes in it.
Although, most, if not all, software that is capable of doing such feat doesn’t come around for free. If it does, they either come with annoying ads or limited functionalities. So, if you’re a business owner or someone who just wants to tracker their expenses at all times for free, then you might want to consider an expense tracker app.
Expense Tracker App for Android
Expense tracker apps for Android are applications that you can download and install from the Google Play store. These apps can be used to track all of your expenses or investments for your business. By doing so, owners will be able to keep an accurate presentation of their overall business expenses. Additionally, it will allow business owners to know the exact amount of their earnings and losses up to the very cents.
Business expense tracker apps are also portable since you use it with your Android smartphone that you carry with you all the time. Giving you the convenience and ease of use to use it anywhere anytime.
If you’re looking for a tool that you can use to keep track of your business expenses or generally, your expenses, then look no further. We listed down 5 of the best expense tracker apps for your business or personal use that you can use with your smartphone anywhere anytime.
Expense Tracker Apps Overview and JOA Rankings
5 Best Expense Tracker Apps Ideal for Business Use
We tested 10 of the most popular and most downloaded financial tracker apps on the Google Play store. Out of the 10, we narrowed our list down to 5. Eliminating those apps that either doesn’t meet our standard, redundant or not ideal for business use.
So without further ado, here are our top 5 expense tracker apps perfect for business use:
- Money Manager Expense & Budget – by Realbyte Inc. [Best Overall Business Expense Tracker App]
The Money Manager Expense & Budget by Realbyte Inc. is gonna one of the best expense tracker app available out there. This app offers a comprehensive tracking functionality that’s mostly perfect for all kinds of expenditure. May it be for business, personal, or household purposes, this app has it all.
Other the tracking expenses, you can also use the app to track your income. The app will then generalize your expenditures for daily, weekly, and monthly. By doing so, you will be able to track your expenses on a specific day and your overall expenses either on a weekly basis or monthly.
The app will also generate statistics that will show a graph of your overall expenses. Giving you accurate information about where your money is mostly spent on.
The app supports all currencies making it a worldwide compatible app. Other than simply doing inputs of your income and expenses, the app also allows you to put more specifics to it. Such as, what or where you spent money on, cash or card, and account info.
Among our list, nothing is a more flexible and comprehensive expense tracker app than this one. Additionally, you can continue working on your tracker on your PC which we find very convenient feature to have.
- Applying double-entry bookkeeping accounting system
- Budget and expense management function
- Credit / Debit Card management function
- Transfer, direct debit and recurrence function
- Passcode Protection
- Instant statistics
- Bookmark function
- Backup / Restore
- Change of starting date
- Calculator function (Amount > upper right button)
- Sub Category ON-OFF function
If you’re looking for a tracker that’s free and has a comprehensive way of tracking your budget, income, and expenses, then we strongly recommend having a look at this one. The only downside of this app is that the free version is limited to 10 assets only and comes with a few random ads.
- Wallet – Finance Tracker and Budget Planner – by BudgetBakers.com [Best Alternative Business Expense Tracker App]
Another app that’s quite similar to the first app is the Wallet – Finance Tracker and Budget Planner by BudgetBakers.com. This expense tracker app can be considered as comprehensive as the first one. It is capable of tracking your expenses, income, and keep a note of your budget.
The app will allow you to input your expenses either on a daily basis, weekly, or monthly. If you configure the app to note down your budget for a month, it will send a notification that you’re about to use up all of your budgets as you input your expenses which is a pretty neat feature.
What makes this app set itself apart from the list is its added functionality. The app has a smart reminder, once enabled, the app will remind you to input your expenses and to keep a mind of your budget. Furthermore, one unique feature of this app is being able to configure a Goal.
The Goal section of this app allows you to set a specific goal on your budget. For example, set a goal to save $100 for this month. The app will then remind you of your goal from time to time which is a pretty nice feature.
Other than that, the app is user-friendly and has more things to offer.
- Automatic Bank Updates
- Imports or Manual Bank Updates
- Flexible Budgets
- Insightful reports
- Sharing selected accounts
- Multiple currency support
- Automatic cloud sync
- Receipt and warranty tracking
- Categories and templates
- geo-mapping transactions
- Shopping lists
- Exports to CSV/XLS/PDF
- Debt management
- PIN security
- Standing orders
- Money Tracker
- Statistic Report and more.
The only downside of this app is the limited number of accounts you can store in it as well as no multi-user support for one account.
You can, however, purchase or subscribe to the premium version. The monthly subscription will cost $2.99 a month and the one-time lifetime payment cost $39.99.
- Money Lover: Money Manager, Budget Expense Tracker – by Finsify [Best User-Friendly Business Expense Tracker App]
The Money Lover: Money Manager, Budget Expense Tracker by Finsify is another excellent featured pack expense tracker app. It has all the features that you will find on the first 2 apps that we mentioned above. The only thing that sets this app apart from the rest on this list is its support for SMS banking, ATM & Bank Finder, as well as money exchanger finder.
Other than the ability to track your business expenses and earnings, this app offers a more simplistic viewing of your expenses. It’s also far more user-friendly than most of the apps listed in here.
Basically, the app has the same functionality as most apps listed here. What makes this app different is its simplistic viewing and quick to navigate to date. Additionally, it has a quick viewing of your financial reports. Easily giving you an overview of your spending, income by date or group.
- Money Manager
- Budget Planner
- Goal Wallet
- Linked Wallet
- Bank Sync
- Credit Wallet
- and more.
If you’re looking for an expense tracker that you can easily work with without the need of a tutorial or guide, then this app is worth checking out for.
The only downside of this app is that it comes with account limitation and ads. You can unlock the full potential of this app that removes the ads, give you the ability to export your data to Microsoft Excel, and removes the account limitation. The premium version will cost you about $12. That’s better pricing compared to the Wallet app.
- Monefy – Money Manager – by Aimbity AS [Best Lightweight Business Expense Tracker App]
If you’re looking for an expense tracker that’s lightweight and won’t consume much space on your Android smartphone, then Monefy by Aimbity AS is the perfect app for you. It’s far simpler compared to the rest on this list. The home page is the main user interface while keeping things at its basic.
Monefy is by far the easiest and most user-friendly expense tracker app on this list. Adding your expenses and income is easy in 3 steps. Simply tap Expense, input the amount, select a category, and you’re done. You can also pick the account for your income input.
- See your spendings distribution on the chart
- Get detailed information from the transactions list
- Manage categories
- Synchronized using your own Google Drive or Dropbox account
- Handy widgets that could be used on the lock screen
- Multi-currency support
- Select the currency
- Use budget mode
- Backup and export data in one click
- Multiple accounts support
- Passcode, Touch ID and Face ID protection
- Built-in calculator
- Dark theme
Despite being free and lightweight, one of the most concerning downsides of this app is the inability to change the currency and a couple of feature limitations. You can unlock all its features, remove the ads, and remove its limitations for $2.
- Spendee – Budget and Expense Tracker & Planner – by SPENDEE s.r.o.
Spendee by SPENDEE s.r.o. is the last app in our list but definitely not the least. Every expense tracker apps offer different and various unique functionality. Spendee is not one of them. What makes this app worth including in our list is its simple user-interface, ease of use, and has all infographic data as well as your list of expenses and earnings in the app home page. Eliminating a few taps if you want to view your statistics, calendar, and expense info.
Spendee is like a trimmed version of Wallet. The app is free and has a couple of limitations. If you want to fully unlock the features of this app, you need to opt for a monthly subscription that you can pay either monthly or annually. You can opt to either the Premium version ($22.99/Yearly|$2.99/Monthly) or Plus version ($14.99/Yearly | $1.99/Monthly).
Lastly, the basic version, the one that’s free, only has a detailed overview, secured data protection, import/export transactions, and backup & sync. If you’re looking for an expense tracker app that has all the information you want to see without the need to transition to a different UI, then Spendee is worth checking out.
The only downside of this app is that you’re required to opt to a monthly or annual subscription plan if you want to unlock all of its features. Otherwise, the free version is very limited to 1 account.
So that’s our top 5 best expense tracker apps for business or personal use. Although, if there’s one tool that can outshine all of these apps for this specific purpose, we’re gonna have to go with Microsoft Office 365 Excel.
The Best Expense Tracker App 2019 – Microsoft Office 365 (Excel)
If there’s really one tool or software that we can really proclaim as the best Expense Tracker app for personal or business use, it’s going to be Microsoft Excel.
Microsoft Office 365 – $89.99
Although Microsoft Excel may not be easy to use, it is a powerful tool that can be set up to track your business expenses. You can also save it online allowing you to work on it either on your phone or on your PC. If you’re not confident enough or not skillful to manage and create a theme for excel, you can download themes online that’s already pre-formatted and pre-configured to work for your tracking needs.
Related Question Most People Ask About
- What’s the best expense tracker app?
- The best expense tracker app depends on the ones that fit your choice of preference. For us, the best expense tracker app is Microsoft Excel. For Android smartphone, we prefer to use Money Manager.
- What is the best expense tracker app for iPhone?
- According to most iPhone users, the best expense tracker app is XpenseTracker by Silverware Software, LLC.
- What is the best expense tracker app for Android?
- How to use an expense tracker app?
- Depending on the tracker app that you’re using, most expense tracker app simply requires you to input your expenses and income on a daily basis. So you can keep track of your expenses accurately.
Business Expense Tracker App for Android Smartphones
Ultimately, expense tracker apps exist to aid you in keeping in track of your daily expenses. These apps aim to provide you information to have an efficient way of keeping track of your money. So regardless of your choice, all the expense tracking apps included in our list should do the job. Regardless if you need it for your business or personal use, all the apps will be capable enough to do the task.
Original Article: https://joyofandroid.com/best-business-expense-tracker-app/