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Top 11 Budgeting & Wealth Management Tools for Your Business and Personal Finance

It’s that time of the year: Thanksgiving, Christmas… and budget planning. If you want to get budget things done quickly yet effectively and dive into the festivities, tech is here to help.

Grab a list of top budgeting tools that will spare you the daunting effort of financial planning and a bonus—a mini-list of wealth management software for your personal and business needs.


Top 8 budgeting apps for 2023Top budgeting apps

#1 Personal Capital

A perfect mix of personal finance tools, including budgeting, and wealth management. High personalization makes the tracking of spending habits a piece of cake. 

Pros

  • A solid free tools pack
  • Several advisors per client
  • Tailored to the needs of HNW individuals
  • Helps fine-tune your taxes

Cons

  • A $100,000 account minimum
  • High fees

#2 Sage Intacct

Feature-rich budgeting, planning, and accounting app for 11-1000 users. 

Pros

  • Great data integrity
  • Intuitive and quick navigation
  • Create multiple budgets and scenarios
  • Interactive and collaborative

Cons

  • No free plan
  • Data analysis can be challenging

#3 FreshBooks

Intuitive and solid business budgeting and accounting for small to medium businesses.

Pros

  • Plenty of useful  functions
  • Custom-built plan is available
  • Lots of add-ons
  • Amazing support

Cons

  • Poor vendor management for large enterprises
  • Mobile app lags behind in functions
  • No free planTips for choosing a budgeting app

#4 Scoro

This premier solution for budgeting and expense tracking also has product management features. It’s perfectly scalable and fit for companies of all sizes.

Pros

  • Unlimited number of budgets to create
  • Highly personalized
  • Mobile-friendly interface
  • Using the app is a breeze

Cons

  • No free version

#5 Xero

A full-pack budgeting and accounting software for small to medium businesses.

Pros

  • Budget summary reports keeping track of budgets performance
  • Intuitive user interface
  • Incorporates expense and project management into budgeting

Cons

  • Limited reporting options
  • Analytics come at an additional cost
  • No free version

#6 Albert

Budget, savings and investment management, and banking, as affordable as they can get.

Pros

  • Automatically drafts a personal budget based on your data
  • Has a free plan
  • Cash advances if you have spent more than planned
  • Helps find the best insurance option

Cons

  • No live support

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#7 You Need a Budget (YNAB)

Excellent for personal use or businesses that don’t manage a ton of inventory and already have an app for managing payrolls.

Pros

  • Robust security
  • A deepdive in your financial health
  • Investment account tracking
  • Online budgeting classes

Cons

  • More expansive, compared to most budgeting apps
  • No bill pay feature

#8 Coupa 

All business friendly cost and budget management software lets you handle transactions across procurement, payments, and supply chain.

Pros

  • Intuitive expense tracking and budgeting
  • Compliance tools
  • Custom pricing

Cons

  • No free plan

Best wealth management softwareBest wealth management tools

Facet Wealth

Investment and retirement solution for creating “a roadmap that reveals choices you didn’t know you had.” The company’s fiduciaries offer best-in-class services in the U.S.

Pros:

  • A 360-degree financial planning service
  • Flat fees
  • Highly professional advisors
  • No asset minimums

Cons:

  • No offline consulting
  • Complex pricing

Zoe Financial

This high-satisfaction wealth management cherry-picks trusted advisors. Fees vary, depending on the professional you choose. 

Pros:

  • Full-range advisory service
  • Highly professional advisors
  • Easy process of matching with your advisor
  • Tax planning

Cons:

  • $100,000 account minimum

Advent Portfolio Exchange from SS&C Technologies

Powerful solutions to simplify your accounting, portfolio and business processes management, and more. 

As for portfolio management solutions:

Pros:

  • An astonishing range of solutions depending on your business size, needs, budget, etc.
  • Robust compliance
  • Easy integration
  • Strong security

Cons:

  • Further details are available only on demand 

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A wrap-up and the final tip

Excel sheets might seem less cost-demanding and more familiar. But at the end of the year, the time and effort you or your team have spent between columns and rows translate into a solid sum. The percentage of costs you can save using budgeting software may differ depending on the amount and types of your expenses and many other things, but the right app will eventually pay off.

If you’re unsure whether the app is worth the fee, try the ones with free versions. This way, you’ll figure out what features work best for you and which expenses you need to fine-tune. Good luck on your budgeting journey!

Vasyl Soloshchuk avatar
Vasyl Soloshchuk
CEO at INSART
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