Budgeting for your business can be overwhelming. Especially since business owners need to make decisions about resources and expenditures regularly. The costs of tools to help must fit into your budget, and often, your business budget seems very small. That’s if your business has an official budget to follow.
Administrative software can be a significant cost for a business. Using free to low cost resources can help offset this, allowing your monies to be used elsewhere.
- You can access G-Suite (like Google Docs, but for business use) for free. With Google’s G-Suite basic, you gain access to productivity apps that offer business professional emails, shared calendars, online document editing and storage, video hangouts, and 30 GB of document storage.
- Dropbox is a free cloud-based storage tool with file synchronization. You can get up to 2 GB of storage, allowing you to share photos, documents, and other files from any device.
- Gusto is a payroll software for small business owners that includes a full human resources (HR) payroll plus tax support. This software allows you to process payroll, onboard employees, manage employee absences (like Paid Time Off or sick days), and manage other incentives like 401(k) retirement plans. Gusto starts at $39 per month.
- Other payroll software to consider include Intuit QuickBooks Payroll, ADP, or Paychex.
Stay Ahead of Communication and Invoicing
- Asana, a software-as-a-service (SaaS) allows you to organize your team’s work, projects, and tasks online. Teams can specify deadlines and communicate within the program. A free trial is available. Upgrading to premium or a business version would cost less than $20 per month.
- Trello is like Asana. It is a free and flexible way to manage your projects and stay organized. It is also one of the most widely used ways to track projects with less focus on time management.
- Slack is one of the most well-known online collaboration tools. Slack is fully integrated with Google’s office suite, making it a streamlined process to attach related documents.
- Time tracking and invoicing software like Harvest and Hubstaff help businesses stay connected with distributed teams.
- Wave is a full-featured accounting app with tools to track your business’s income and expenses. You can use Wave to track overdue invoices, read reports on invoices issued, issue estimates and quotes, and customize templates to match your business branding.
- Invoicely offers free online invoicing for small businesses, track time and expenses, and accept online payments.
NexTier Bank, N.A. does not endorse or guarantee the products, information or recommendations provided by linked sites. NexTier Bank is not liable for any failure of products, services or information provided through third party sites. Third party linked sites may have privacy policies that differ from NexTier Bank; and linked sites may or may not provide the same level of security.