The 10 Best Small Business Budgeting Software for 2023

Managing a business means careful planning, from product development to budgeting finances. More so if you’re a small business. This is the reason you need a budgeting software made specifically for you. Here are ten of the best small business budgeting software to try out in 2023:

1. Google Sheets

Track and monitor your spending habits with Google Sheets. It is a favorite of many small business owners as you can use it completely free! It is flexible, robust, and has collaborative features that larger businesses can also appreciate. It has various templates and lets you link it to third-party applications to import your bank transactions automatically.

Google Sheets is free to use, all you need is to create a Gmail account. However, you can purchase Google Workspace if you need more features and larger storage space. It is an affordable option at just $12 per user per month.

2. Spendesk

Offering seven distinct budgeting solutions, Spendesk primarily provides debit and credit card services. They do this by partnering with an FDIC-insured state bank, making them seem more like a bank than a budgeting software. Its key features include integrated expenditure controls for tracking employee expenses and automated business cost expense approvals and payments.

Spendesk offers three subscription plans, Starter, Essentials, and Scale. You need to contact them directly for a quotation as the pricing is undisclosed on its website.

3. Xero

Working mainly as a cloud accounting software, Xero has built-in budgeting features that are useful for small businesses. It can help you generate and track budget and accounting reports. Xero can also manage fixed assets, which many budgeting and accounting software lack.

This small business budgeting software has three subscription plans. Its pricing ranges from $25 and can go up to $54 per month. Each plan lets you get add-ons depending on the features you need. You can get its 30-day free trial to see if it would be an excellent fit for your business.

4. Freshbooks

Create and view estimates and manage your budget easily with Freshbooks. Not only will it help you with budgeting, but it will also help you track income statements, expenses, balance sheets, and other financial statements. Its efficient expense tracking system lets you create and view estimates and manage your budget.

One of the more affordable budgeting apps, Freshbooks, can cost you $4.50 per month for its Lite plan. The other two plans, the Plus and Premium, cost $9 and $16.50, respectively.

5. QuickBooks

Cloud accounting software Quickbooks is one of the most popular budgeting software for accountants the world over. It is filled with useful features such as expense tracking, budget planning, and custom reporting, among many others. Simply put, it is an all-in-one budgeting and accounting app.

Quickbooks offers a free 30-day trial, but if you want to go ahead and use it, you can choose from its three cost-effective plans. Pricing starts at $5.10 up to $10.80 per month.

6. Tiller

If Google Sheets seem to be wanting, Tiller is your next best option. Once you enter your business information, such as bank accounts, credit cards, and investment accounts, Tiller will input them directly on a Google Sheet or Microsoft Excel file. You can then create your own spreadsheet to organize your budget and expenses.

Like most small business budgeting apps on this list, Tiller offers a free trial good for 30 days. Should you decide to use it, it will cost you just $79 per year, with no hidden costs, and is ads-free.

7. GnuCash

It’s only natural for small business owners to gravitate towards GnuCash. Not only is it entirely free to use, but it also offers a wide range of solutions, such as budgeting, financial statements, and accounting tools. It is powerful albeit its unappealing user interface. 

GnuCash is developed, maintained, and updated by volunteers, which is why it is open-source. Thus, tracking bank accounts, income, stocks, and expenses is free for everyone, whatever business size you have. If aesthetics aren’t a priority, this is the app for you.

8. Relay

A business banking platform, Relay is a budgeting software with small businesses in mind. It allows you to create up to 20 free, no-fee checking accounts to help you organize your money into different categories. It gives you a glimpse of how much money you have in every expense category, among many other helpful features.

Relay offers two pricing plans that will suit any type and size of business. It has a free plan and the Relay Pro that will cost you $30 per business per month. Check out each to know what would suit your small business the best.

9. Budgeto

For small businesses that want to create annual budgets and financial projections, generate reports, and manage cash flow, Budgeto is a great option. The software will automatically perform all the necessary calculations when you fill out forms with your business information in the app.

Budgeto has four different plans with pricing that starts at $25 and can go up to $45 per month. It also has a 14-day free trial if you want to try it out before committing to a paid plan.

10. PlanGuru

If you’re looking for forecasting and strategic planning aside from budgeting capabilities, PlanGuru is the software you need. Its primary features include cash flow estimates, debt modeling, and financial ratios, which allow you to plan a budget a decade in advance effortlessly.

PlanGuru can be used as an app or on its website. Either way, the pricing plans cost a minimum of $99 per user per month and a maximum of $899 per year. You will need to pay extra fees for any additional user you will include.

Final Thoughts

Small business owners have a lot on their plate, and having software to make business management easier is always welcome. This list of budgeting software is explicitly designed with limited budgets in mind. They have already been filtered, and it’s up to you to choose the most suitable for your company.