The Top 20 Best Cash Flow Management Software for Small Business for 2024
What is small business cash flow management software?
Cash flow management software can be a valuable investment for a growing small or medium-sized business (SMB) for several reasons. Here are some of the key benefits:
Managing Cash Flow: One of the primary reasons to consider cash flow management software is the ability to effectively track and optimize cash flow. By providing real-time visibility into income and expenses, these tools help businesses avoid cash shortages and plan for future financial needs, ensuring that the company stays solvent.
Efficiency and Time Savings: Cash flow management software automates critical financial tasks such as invoicing, bill payments, and bank reconciliations. This automation streamlines the entire cash flow process, reducing manual work and freeing up your financial team to focus on strategic financial planning.
Improved Financial Forecasting: The best cash flow management software for small business provides comprehensive forecasting capabilities, helping you predict future cash flow based on historical data. This allows for more accurate budgeting and financial planning, giving small businesses the insights they need to make informed decisions.
Enhanced Budgeting Tools: Small business cash flow management software often includes integrated budgeting software for small business, allowing SMBs to set financial goals and monitor performance. With real-time data, businesses can adjust budgets as needed to better manage costs and improve profitability.
Compliance and Risk Management: By centralizing all financial data and automating reporting, cash flow management software helps ensure compliance with tax regulations and accounting standards. It can also identify potential financial risks, such as delayed payments or excessive spending, and take steps to mitigate them.
Scalability: As your business grows, managing cash flow becomes more complex. The best small business cash flow management software can scale with your needs, handling increased transaction volumes and providing more advanced financial insights without requiring additional staff or resources.
Better Decision Making: With detailed analytics and reporting features, cash flow management software offers actionable insights that drive better decision-making. Business owners can identify trends, adjust spending, and make proactive financial adjustments to stay on track.
Increased Transparency and Accountability: Budgeting software for business provides a clear, centralized view of all financial activities, ensuring transparency in your company’s cash flow. With all transactions recorded and easily accessible, business owners can hold teams accountable for financial performance and reduce the likelihood of errors or fraud.
Investing in the best cash flow management software for small business not only simplifies financial processes but also equips SMBs with the tools needed to optimize cash flow, ensure compliance, and scale with growth.
For any business, implementing cash flow management software can be a game-changer. When it comes to finding the right small business cash flow management software solution for your business, here are some features to look for:
Real-Time Cash Flow Monitoring
Cash Flow Forecasting
Integration with Accounting Software
Automated Invoicing and Billing
Expense Tracking
Multi-Currency Support
Customizable Dashboards and Reports
Payment Integration
Scenario Planning and Analysis
Alerts and Notifications
User Permissions and Security
Mobile Access
For a lot of growing businesses, managing cash flow effectively and consistently can make the difference in ongoing profitability. With so many choices out there, it can be hard to know which cash flow management software for small businesses really fits the unique needs of your industry, your business, and, well, your budget.
Don’t worry, there’s good news—finding the right small business cash flow management software for your business has never been easier.
We’re here to help. Our software experts have compiled a comprehensive breakdown of the “Top 20 Best Cash Flow Management Software For Small Business for 2024.”
*Note: Our cash flow management software reviews are for informational purposes only. We encourage you to perform research and demo budgeting software for business to achieve the most comprehensive comparison.
1. Striven
Striven is an all-in-one ERP business management software solution built with small to mid-market businesses in mind. Our sophisticated software combines project management tools, CRM, sales performance metrics, lead management, collaboration tools, accounting and cash flow management, purchasing, HR and payroll, operations, inventory, task management tools, (and so much more) into a single, easy-to-use interface. Striven is an infinitely capable software solution that supports every type of employee within your company.
Highlights:
- Project, task, and time management w/ interactive calendar
- Detailed financial and productivity reports generated in seconds
- Fully integrated CRM
- Contractor and subcontractor management
- Self-service portals
- Fully integrated accounting
- Budget and cash flow management
- Scheduling & dispatch route planning capabilities
- Complete HR functionality
- Inventory management
What Sets It Apart: Striven’s expert team of business analysts personally see to your success. From training and onboarding, technical support, and business-specific customizations, our US-based Striven Support Team is available 24/7. On top of that, Striven’s automation capabilities allow you to work more efficiently.
Pricing: Free trial and custom demo, packages begin at $35/user.
More info: Striven Earns Numerous Awards For Q4 2023
2. QuickBooks Online
QuickBooks Online is a popular accounting platform offering budgeting software for small business with comprehensive tools for managing cash flow. It provides real-time tracking of income and expenses, along with robust financial reporting and forecasting features, making it one of the best cash flow management software for small business owners. QuickBooks Online’s integration with various business apps enhances its versatility and usability.
Highlights:
- Monitors income, expenses, and cash flow in real-time
- Creates and manages budgets
- Generates detailed financial reports to help with decision-making
What Sets It Apart: QuickBooks Online’s widespread adoption and extensive feature set make it a go-to choice for small businesses seeking reliable cash flow and budget software for business.
3. Xero
Xero is a cloud-based accounting software designed to simplify small business cash flow management. As budgeting software for business, it offers robust cash flow tracking, budgeting, and financial reporting tools, making it one of the best cash flow management software for small business owners. Xero’s user-friendly interface and seamless integration with other financial apps enhance its appeal for businesses looking to streamline their financial operations.
Highlights:
- Provides an intuitive view of managing cash flow with real-time data
- Offers tools to create budgets and financial forecasts
- Managing cash flow in multiple currencies, ideal for businesses with international transactions
What Sets It Apart: Xero’s comprehensive features and cloud accessibility make it a top choice for small businesses aiming to incorporate cash flow management software for better budgeting.
4. FreshBooks
FreshBooks is a user-friendly accounting software tailored for freelancers and small businesses, offering easy tools for managing cash flow and budgeting. It provides features like invoicing, expense tracking, and cash flow monitoring, making it one of the best cash flow management software for small business owners. FreshBooks’ intuitive design and mobile accessibility make it particularly attractive to business owners on the go.
Highlights:
- Simplifies the process of billing clients and tracking expenses
- Offers a clear view of cash flow with easy-to-understand dashboards
- Allows users to manage their finances from anywhere using a mobile app
What Sets It Apart: FreshBooks’ simplicity and mobility make it an excellent choice for small businesses and freelancers looking for straightforward budgeting software for business.
5. Wave Accounting
Wave Accounting is a free accounting software solution that provides essential tools for small business cash flow management and budgeting. It offers features like managing cash flow, invoicing, expense tracking, and cash flow monitoring, making it accessible for budget-conscious business owners. Wave’s user-friendly interface and cost-effectiveness make it an attractive cash flow management software for small business.
Highlights:
- Offers basic cash flow tracking and budgeting features at no cost
- Includes a built-in phone system for making and tracking calls
- Tracks expenses and helps with managing cash flow effectively
What Sets It Apart: Wave Accounting’s no-cost model and essential financial tools make it a great starting point for small businesses managing cash flow without incurring additional costs.
6. Float
Float is cash flow management software that integrates with popular accounting platforms like Xero, QuickBooks, and FreeAgent to provide detailed insights into cash flow. It helps small businesses manage their cash flow by creating accurate forecasts and scenarios, making it one of the best cash flow management software for small business planning. Float’s visual forecasting tools and real-time updates offer a clear view of a business’s financial future.
Highlights:
- Provides detailed cash flow forecasts based on real-time data
- Allows businesses to model different financial scenarios to plan for the future
- Seamlessly integrates with Xero, QuickBooks, and FreeAgent
What Sets It Apart: Float’s focus on forecasting and scenario planning makes it an ideal tool for businesses looking to proactively manage cash flow and prepare for various financial outcomes.
7. PlanGuru
PlanGuru is a specialized budgeting software for business that also provides powerful tools for financial forecasting and managing cash flow. It’s designed to help small businesses create detailed budgets and perform long-term financial planning, making it one of the best cash flow management software for small business owners who need advanced planning capabilities. PlanGuru’s robust analysis tools and multi-year projections support strategic decision-making.
Highlights:
- Supports detailed budgeting and long-term financial planning
- Offers comprehensive cash flow forecasting capabilities
- Provides tools for financial analysis and decision support
What Sets It Apart: PlanGuru’s advanced budgeting and analysis features make it an excellent choice for small business cash flow management.
8. Scoro
Scoro is an all-in-one business management software that includes features for managing cash flow, budgeting, and project management. It’s designed to help small businesses streamline their operations and gain control over their finances, making it one of the best cash flow management software for small business. Scoro’s integrated approach to business management enhances its appeal for businesses seeking a comprehensive solution.
Highlights:
- Managing cash flow alongside other business operations
- Provides tools for creating and tracking budgets
- Combines financial management with project tracking and management
What Sets It Apart: Scoro’s integration of managing cash flow with other business operations makes it a powerful tool for businesses looking to streamline their processes and improve financial oversight.
9. Fathom
Fathom is a financial analysis and cash flow forecasting tool that integrates with popular accounting platforms like Xero, QuickBooks, and MYOB. It offers in-depth financial insights and visual reports, making it one of the best cash flow management software for small business owners who need detailed analysis. Fathom’s visual dashboards and customizable reports help businesses make informed decisions.
Highlights:
- Provides visual representations of managing cash flow and financial performance
- Offers detailed forecasting tools to predict future cash flow
- Allows users to create custom reports tailored to their business needs
What Sets It Apart: Fathom’s focus on visual financial analysis and customizable reporting makes it an ideal choice for SMBs that require deep insights into small business cash flow management and overall financial health.
10. Pulse
Pulse is a cash flow management software specifically designed for small businesses to track and forecast cash flow. It provides a straightforward interface for monitoring cash flow in real-time, making it one of the best cash flow management software for small business owners who need simplicity and clarity. Pulse’s focus on cash flow forecasting and real-time updates ensures that businesses stay on top of their financial situation.
Highlights:
- Monitors cash flow with real-time data
- Provides an easy-to-use platform for small businesses
- Helps businesses forecast cash flow to anticipate future needs
What Sets It Apart: Pulse’s simplicity and focus on real-time cash flow management make it an excellent tool for small businesses looking to maintain clear and accurate financial oversight.
11. LivePlan
LivePlan is a business planning software that includes robust tools for managing cash flow, forecasting, and budgeting, making it a valuable resource for small business cash flow management. It’s designed to help businesses create business plans, track performance, and forecast financial outcomes, making it one of the best cash flow management software for small business planning. LivePlan’s step-by-step guidance and user-friendly interface make financial planning accessible to all business owners.
Highlights:
- Supports the creation of comprehensive business plans
- Provides detailed forecasts of future cash flow
- Monitors business performance against financial goals
What Sets It Apart: LivePlan’s combination of business planning and cash flow forecasting tools makes it a top choice for small businesses looking to align their financial management with strategic goals.
12. CashFlowTool
CashFlowTool is an AI-powered cash flow management software that integrates with QuickBooks to provide real-time cash flow forecasting and monitoring. It’s designed to help small businesses in managing cash flow effectively by using predictive analytics, making it one of the best cash flow management software for small business owners. CashFlowTool’s powerful AI and real-time insights help businesses anticipate and respond to financial challenges.
Highlights:
- Uses AI to predict cash flow trends and potential issues
- Tracks cash flow in real-time with automatic updates
- Creates customizable lead capture forms for websites
What Sets It Apart: Budgeting software for business that seamlessly integrates with QuickBooks for streamlined data management.
13. Expensify
Expensify is an expense management software that also offers tools for managing cash flow as budgeting software for small business. It simplifies the process of tracking expenses, approving reports, and monitoring financial health, making it one of the best cash flow management software for small business owners. Expensify’s automation features and user-friendly interface make it easy to keep track of spending and cash flow.
Highlights:
- Automates the process of tracking and categorizing expenses
- Helps businesses set and manage budgets effectively
- Allows users to manage expenses and cash flow on the go
What Sets It Apart: Expensify’s focus on expense management and budgeting, combined with its automation capabilities, makes it an ideal choice for businesses looking to streamline their financial operations.
14. You Need A Budget (YNAB)
You Need A Budget (YNAB) is a popular personal budgeting software that can also be adapted for small business cash flow management. It offers a simple, rule-based approach to budgeting, helping businesses allocate funds efficiently and avoid overspending, making it one of the best cash flow management software for small business owners. YNAB’s focus on proactive budgeting and financial discipline makes it particularly useful for small businesses looking to improve their cash flow management.
Highlights:
- Encourages disciplined budgeting through a rule-based approach
- Tracks spending and cash flow in real-time
- Helps businesses set and achieve financial goals
What Sets It Apart: YNAB’s unique budgeting methodology and real-time tracking make it a valuable tool for small businesses that want to gain better control over managing cash flow.
15. QuickBooks Solopreneur
QuickBooks Solopreneur is a simplified version of QuickBooks tailored for freelancers and small business owners, offering essential tools for managing cash flow and budgeting. It provides features like mileage tracking, expense categorization, and tax preparation, making it one of the best cash flow management software for small business owners who work independently. QuickBooks Self-Employed’s focus on simplicity and tax readiness makes it an attractive option for solopreneurs.
Highlights:
- Automatically tracks and categorizes business mileage
- Simplifies the process of categorizing and tracking expenses
- Helps prepare for taxes by organizing income and expenses
What Sets It Apart: QuickBooks Solopreneur’s streamlined features and tax-focused tools make it an excellent choice for freelancers and small business owners who need a straightforward solution for managing their finances.
16. Centage
Centage is an advanced budgeting and forecasting software designed to help small and medium-sized businesses in managing cash flow and financial planning. It offers powerful tools for creating detailed budgets, forecasting cash flow, and generating financial reports, making it one of the best cash flow management software for small business. Centage’s focus on accuracy and real-time data enhances its value for businesses seeking to improve their financial planning.
Highlights:
- Provides tools for creating and managing detailed budgets and forecasts
- Delivers real-time insights into financial performance
- Generates financial reports automatically, reducing manual work
What Sets It Apart: Centage’s robust budgeting and forecasting features make it an ideal choice for businesses that need precise and real-time financial planning tools.
17. Jirav
Jirav is a financial planning and analysis software that offers advanced tools for managing cash flow, budgeting, and forecasting for small businesses. It integrates with accounting platforms like QuickBooks and Xero, making it one of the best cash flow management software for small business financial planning. Jirav’s focus on scenario planning and financial modeling helps businesses anticipate future challenges and opportunities.
Highlights:
- Provides tools for creating detailed financial models and scenarios
- Offers comprehensive tools for budgeting and forecasting cash flow
- Integrates with QuickBooks, Xero, and other platforms
What Sets It Apart: Jirav budgeting software for business’ advanced financial modeling and scenario planning capabilities make it an excellent tool for managing cash flow and long-term financial planning.
18. Paddle
Paddle is a subscription-based financial management software that specializes in cash flow management and financial analytics for SaaS companies. It provides insights into recurring revenue, churn, and customer lifetime value, making it one of the best cash flow management software for small business owners in the subscription economy. Paddle’s focus on subscription metrics and cash flow analysis makes it a valuable tool for SaaS businesses.
Highlights:
- Tracks key metrics like MRR, churn, and LTV
- Provides detailed insights into managing cash flow for subscription-based businesses
- Automates revenue recognition for accurate financial reporting
What Sets It Apart: Paddle’s specialization in subscription metrics and cash flow analysis makes it an essential tool for SaaS companies looking to optimize their financial performance.
19. Workday
Workday Adaptive Planning is a cloud-based forecasting, cash flow management, and budgeting software for business. It offers powerful tools for financial planning and analysis, making it one of the best cash flow management software for small business owners looking for scalable solutions. Adaptive Planning’s integration with Workday’s suite of products enhances its value for businesses that need comprehensive financial management tools.
Highlights:
- Provides advanced tools for creating and managing budgets and forecasts
- Supports businesses as they grow, offering flexibility and scalability
- Seamlessly integrates with other Workday products for unified financial management
What Sets It Apart: Adaptive Planning’s robust financial planning tools and scalability make it an ideal choice for businesses looking to enhance their cash flow management as they grow.
20. Zoho Books
Zoho Books is a cloud-based accounting software offering comprehensive tools for small business cash flow management and budgeting in small businesses. It integrates seamlessly with other Zoho products, providing a full suite of tools for financial management and business operations, making it one of the best cash flow management software for small business.
Highlights:
- Syncs bank transactions automatically for accurate cash flow tracking
- Helps create budgets and forecast cash flow
- Manages cash flow and finances across multiple platforms and currencies
What Sets It Apart: Zoho Books’ integration with the Zoho ecosystem and its affordability make it an excellent choice for small businesses looking to enhance their cash flow management and budgeting capabilities.
Contact a Cash Flow Management Software Expert
Our Small- to Mid-Market Business Analyst Team at Striven has decades of experience with cash flow management and budgeting software for businesses in every industry.
Just like every car needs a trusted mechanic, every software needs a dedicated support team.
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