Financial software: 2021 all finances at a glance

Online banking, bookkeeping, household accounts, retirement provision … with a suitable Financial software financial software, every cash flow can be organised and kept in view. With the new financial software packages, there is something for everyone. But the more functions you need (or want), the more complex the programme becomes. Here we explain the advantages of financial software for everyone and what you should look out for when buying.

What good financial software should be able to do in 2021

There are some programmes that can be downloaded free of charge from the internet. How secure they are and whether they can fulfil all the functions for somewhat more sophisticated requirements is another matter Real smart spenders use their financial software regularly. In that case, some functions are useful to keep track of your finances.

  • One of the most important functions is Multi-bank capability: With one click, you get access to all your accounts at different banks. The respective account overview can be viewed, printed and saved immediately. This makes home banking easy and convenient and allows you to keep track of everything.
  • Issuing transfer orders, standing orders or scheduling payments are usually no problem either.
  • With Asset management, which financial software offers, you have a quick overview of current accounts, savings balances, call money accounts, pensions, real estate and share portfolios
  • With this management, it is also easy to Financial planning organised. Programmes with this feature forecast the future development of assets on the basis of documented income and expenditure. This makes it possible to calculate when the loan will be paid off or the savings balance will have grown to the point where a larger investment can be made.
  • Highly functional financial software also includes Investment advice including weighing up financial risks. The software can assist in adjusting spending. Especially if there is less income or more expenditure than usual and planned
  • For many users, the function of a Tax preview with the Tax software is an advantage. For example, when it comes to deciding whether a major purchase should be made before the end of the year - or perhaps not until next year for tax reasons.
  • In terms of Tax return some financial software also has something to offer. If you meticulously record all income and expenses, take into account all tax-relevant movements of money in your accounts and get everything in shape once a year, you can save a lot of time and money. The tax return then almost takes care of itself.
  • Sophisticated systems make use of their reporting functions to Tax reports create tax reports. Individual entries are grouped into tax-relevant categories, meaningful transactions are automatically saved and gradually added up.

Which financial software is the right one?

This is one of the many questions that can only be answered with the usual „It depends …“ Namely, on what scope the financial software should have, what one regulates with it and how much it may cost. Whether the software should be suitable for private use or for companies also plays a role. WISO Mein Bürois particularly suitablefor non-professionals who would like to have one or two office functions in addition to the pure financial software . Here you can work with two instances at the same time. Practical: WISO My Office makes it possible to insert alternative items, e.g. in „Offers“, without their costs appearing in the total With the latest version of WISO My Office also allows you to plan scheduled transfers in online banking. More comprehensive and especially suitable for self-employed persons, companies or associations is Starmoney 9. The complete package can either be installed on a single workstation or used in a network with up to 25 clients. The planning and analysis tools work perfectly, and the financial software automatically recognises recurring entries It then assigns them to a suitable category. Of course, all entries can be changed and/or extended at any time.

Header image: © Andrey Popov, stock.adobe.com