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Finance tracker for your business

stackoffolders30346201.jpgFinance trackers are an asset to any business that is interested in tracking their finances. The reason for this is that finance trackers can keep track of all expenses, tax deductions, and income that your business is generating. To use a finance tracker you will need to buy a business finance tracker program that can be installed onto your computer, you can also purchase on for a palm pilot if you prefer.

Here are some features that you will want to look for when choosing a finance tracker program for your business.

Number one: Account types
You will want to choose a program that will allow you to keep track of more than one account, the more accounts that you can track with the program the better. You will want to be able to track at a minimum your expenses, income, bank accounts, investment accounts, and credit card accounts. You also want to make sure that all of the accounts that you are tracking are managed by passwords, this way you can protect all of your accounts, if you want people to have access to one account but not the others you can assign different passwords to each account.

Number two: Expense accounts

You want to choose a program that features monthly expense accounts. This is important because it will allow you to track all of your monthly expenses for a particular month, but you can also track each month in a separate account. You can also separate your monthly expenses into personal expenses and business expenses.

Number three: Income accounts
You can find finance trackers that offer yearly income accounts or you can find ones that offer monthly income accounts, which one you use will depend on your personal preferences. The income accounts will allow you to enter in all of the money that your business has made in the past year or the past month. If you do it by month you will be able to better track your profits and losses, and you will still see what you made at the end of the year.

Number four: Individual and group accounts
You will want to find a program that offers you the chance of having individual and group accounts. This is important because it will allow you to track expenses for one business or one person or it will allow you to track groups of people or businesses. With the group accounts, you want to ensure that it allows you to determine the individual share of people who are involved, such as employees on a business trip or money that employees earn during a trade show.

Number five: Budget trackers
You want to choose software that has a budget tracker feature. This comes in handy because it will allow you to enter in specific monthly expenses and then after you have entered in the same expenses over a period the program will analyze the expenses. In analyzing the expenses, you will be able to see just how much you are spending on those specific expenses, which can help you control your budget and better plan your budget.

Number six: Import/export
This feature will allow you to import or export information from the program or into the program from your computer and other media devices, such as a palm pilot. This will allow you to make back up records of all of your business information. You can even use the data that you have exported to create your own reports on spreadsheet software, such as Excel. If you do not want to export data to create your own reports you can use the reports that come programmed in the software.

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