business.com - The Top Formulas for Financial Health

Winning business owners know financial management is one of the most critical factors in a company's success – and an accounting cycle is one of the best ways to keep track of your business's finances. The accounting cycle provides a detailed overview of your company's financial standing, simplifies financial reporting and helps protect your assets. It creates simple, organized financial data that external parties – such as investors – can easily interpret.

Accounting is important in any size of business, but small business owners in particular need mobile accounting apps that make it easy to monitor their business activity when they're away from the office. While desktop software options may offer more functionality, accounting apps offer accessibility and convenience. Features vary by app, and Android and iOS versions may offer different benefits, so you can choose an app with basic or sophisticated capabilities to help you manage your business. Find the best accounting app for your company's needs from our roundup.