The small business guide to free time-tracking and budgeting tools

Managing projects without software solutions nowadays is simply unacceptable. All companies are striving to improve their efficiency as much as possible. This is essential in order to stay competitive in the modern business market, especially when you know that all of your competitors are using similar tools to improve their business processes.

Even if you create a great strategy and your intentions are in the right place, it takes only one mistake to topple your house of cards. This can be quite costly, and you might end up losing a lot of time and money, and even failing to complete projects.

Even if you create a great strategy and your intentions are in the right place, it takes only one mistake to topple your house of cards.

Small business organizations also need to manage their projects efficiently, but they don’t have the resources to buy expensive software solutions. Have no fear, there are a lot of good tools which can be used for free and they work just as well as some other project management software tools you have to pay for.

Companies need time-tracking and budgeting project management tools to improve efficiency and save money. This is why we reviewed both categories of tools.

Budget tracking tools

1. Mint

I find Mint to be similar to YouTube. It’s so easy to use and the idea behind it is quite simple – bring all financial accounts in one place, set budgets, monitor how well you are doing with your saving goals, and categorize all of your transactions automatically.

This tool is like a TV that automatically gets all your relevant financial data and sorts it all into a clear overview. It recognizes your spending patterns and gives you valuable suggestions on how to save money.

2. Yodlee

This software gives valuable solutions to help with financial management. It can handle pretty much anything, from the needs of big corporations to everyday consumers. Like Mint, this tool can securely link all your accounts, allowing you to view all of your transactions and balances at one place, with the ability to run reports that can be used for analyzing your expenses.

Yodlee also gives you accounts through which you can transfer funds and pay bills for free. Almost half of the largest financial institutions in the United States use this software for their everyday work, meaning that it offers great security.

3. FinancialForce

This free project management tool is designed specifically for business organizations. This simple, easy-to-use tool is nevertheless a capable tool with many dynamic options. FinancialForce is direct and has no need for a lot of maintenance.

This tool is oriented towards services and sales-based businesses that want to increase their profits and become more efficient. It can integrate pretty much all of your business efforts that need tracking. and it also allows your customers to do transactions with your business without any nuisances.

4. Outright

Time tracking tools