Owlster keeps your finances on track
Managing your own business can be both a blessing and a curse, especially when it comes to finances. Trying to keep track of what is coming in and going out, while managing a staff and keeping on top of emails, leads, and to-dos can be overwhelming. While there are several apps on the market to help you manage your finances, it is hard to know which one will work best for your business without the inevitable period of trial and error.
Owlster is a new online tool that offers a good, basic structure, for small businesses to report and manage finances. You can choose to model your revenues and expenses in minutes, if they are recurring, or sort them by categories. Then, Owlster will create a detailed report of your finances and can even forecast revenues and expenses based on past reports, as well as, alerting you of missing recurring invoices.
Not only does this keep you on track with your finances, but also, it prevents you from missing repeat business by billing in a timely manner.
Getting a great visual of your money
Owlster helps you manage recurring revenues and expenses like contracts, wages, and rentals over time. The dashboard gives you a visual overview of where your money is going and a look at what you still need to pay. Since it has not fully launched yet, it is a little bit difficult to see the full range of options you have in the dashboard, but Owlster states you can schedule email reporting, automate profit-based alerts, automate data-import, and support RESTful API and Webhooks.
Owlster will launch in private beta on July 23, but from the information available it looks like Owlster could be a good alternative to managing your finances on your own or employing a bookkeeper; especially if you are just starting out, or want to try something new for your business.