In recent coming years, people will find things are changed around them. People will start thinking to save and maintain their finance to track their expenses, but they will not get time to maintain their all expenses. After at end of the month, they cannot decide, how to save their money.
Few years back IT companies had thanked and researched over it, after research they said,
“People will not get time for themselves, they will be loaded with lots of work and responsibilities and it will be very difficult to maintain their financial records, not only maintenance s of record but also their different work related to finance in their everyday life.”
Now you can find many types of software available in market that will only need to be installed on your computer and in less time you can maintain and track all your finance related work.
Some examples of personal financial software are Tally, Draft creator, Money forecaster, Downloader XL, Home budget, Checkbook ease freeware etc.
Tally is a financial accounting software package that is developed by Tally solution mainly for small business and shops. It helps to record all transaction and as well as it also provide facilities like government supported format, online transaction and processing, etc. It is also used for inventory management.
Draft creator is used to create draft with the help of online banking facilities provided by banks. It can also be sent over internet.
Money forecaster helps to analyze your income and expenses. And accordingly it will forecast your financial future.
Down loader XL is helpful for those who deal in stock exchange. It downloads historical and real quotes of any share in excel spreadsheet. One can easily analyze where to invest.
One can use home budget personal financial software to prepare their home budget. One can keep track of bills, credit card, and bank account.
Checkbook ease freeware can provide you the update of available balance of your account and also to make payments through check.
Benefits of using personal financial software can be decided as per different uses of software.
- Accurate Account Balances
All purchases, sales, payments, credits, are recorded, and then financial software processed all the transaction and help to know the current account status. It also helps to avoid math error in the accounts.
- Detailed Budgeting:
With the help of tally one can also prepare their budget. It can be done in two ways one can do it manually according to their requirement or software also provide the facilities of wizard, these are inbuilt format of budget and just following some steps once can create their budget. It becomes very easy to compare and monitor the actual expenditure and planned budget that help to keep on track.
Modification or any changes in budget can also be decided very easily.
- Track and Analyze Investments
Using these software help you to keep track of expenses and investment can be analyzed with defined budget after making comparison.
- Schedule Transactions
Schedule bills, paychecks, deposits and fund transfers can be done through financial software so all transactions are on time. Automatic transactions reduce data entry work it will automatically recorded by software. One can save time and can make easily payments within due date.
It would not be so difficult to maintain all of your financial expenditure in less time also when any body is uploaded with lots of responsibilities and tasks. It can only be possible when personal financial software is used. It also helps to be financially strong with low risk.
