There are an incredible number of money management apps for smartphone users. As more and more of individuals’ information is stored on mobile devices, developers have created an expansive array of apps designed to facilitate money management. These apps not only make payments easier to track, but facilitate accounting as well. The following are some of the most popular apps available today to help users make the most of their money.
Expensify, first on DailyList’s Alicia Eler’s list of money managment apps, is a full-featured accounting app which allows for real-time tracking, not simply of purchases, but of related accounting. Expensify, available for free on iOS, Android and Windows devices, has a number of features which make it unique, such as receipt scanning, which allows purchases to be added directly with the click of a button. The app will also track if expenses are billable or reimbursable to simplify tax preparation later. Expensify can even track distance covered for traveling businesspeople and freelancers who are reimbursed by the mile for traveling expenses. This app is closer than any of its competitors to a full-featured accounting system for mobile devices—the app even offers debit and credit card integration to keep track of actual versus recorded expenses.
While BusinessBee’s Alexia Chianis rated Expensify over Mint on a couple of categories, it’s important not to sell this contender short on the basis of more features in certain areas. Mint, a free web-based personal financial management service, is designed for overall budgeting, something which isn’t Expensify’s strong suit, and it contains robust features in those areas. Whereas Expensify is ideal for business budgeting for an individual, due to Mint’s superiority with budgeting, it has a strong advantage for household budgeting and goal-setting. While handled differently, Mint’s security is on par with Expensify’s, as is its customer support.
While not as robust as either of the options above, DailyCost (free, iOS) is designed for something a bit simpler: tracking purchases during the day. With easy pull-down menus, DailyCost is for the user who simply wants to keep track of their expenses. Far more hands-on than either Expensify or Mint, DailyCost’s main advantage is simplicity. For those just starting out using a budget, AppAdvice’s Aldrin Callum notes its simplicity in simply recording costs. If a full-featured accounting app is a little too much, DailyCost is useful for just tracking expenses during the day.
With the help of customized check stock, users who prefer printing their own checks can do so with PrintChecks ($4.99, iOS). According to experts in the industry, printing checks is more efficient and less expensive than buying them from a bank or a third party. Users not only can print directly from their phone when needed, but also can keep track of their expenses through PrintChecks’ customized online checkbook, which automatically keeps track of debits and credits. For those who like to keep track of expenses while using checks, PrintChecks does the job admirably, according to Mark Bangs of AppPicker. For those who like having a check-based record of expenses, PrintChecks is ideal.
Ever the standard, QuickBooks for mobile acts as an extension of the larger desktop QuickBooks program. Because it is designed for users already using QuickBooks on their desktop, QuickBooks Mobile is a way to integrate with the desktop system online through an iOS or Android mobile device. While not designed for standalone usage, QuickBooks is ideal for users who are already part of the QuickBooks ecosystem.