20 Best Business Transaction Apps for Android and iPhone

Managing business transactions can be a headache, but with the right app, it can be seamless. From tracking invoices and expenses to managing inventory and payroll, these 20 apps offer a wide range of features for businesses of all sizes. We’ve curated a list of the best apps, including popular choices like CashBook for simple accounting, Wave for robust accounting and invoicing, and Skip for streamlined expense tracking. Whether you need basic transaction management or a comprehensive enterprise resource planning (ERP) system, this guide has something for you.

Top app for business transactions

1. CashBook

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Tired of juggling spreadsheets and receipts? CashBook is the ultimate business transactions app that simplifies managing your money on the go. Forget clunky, confusing software – CashBook is designed for ease of use, letting you track income, expenses, and inventory with a few taps. With over 4 million downloads and a 4.5-star rating, it’s clear that CashBook is a fan favorite, making it a must-have for anyone who wants to take control of their business finances.

CashBook - Effortless expense tracking, Seamless transaction management

Key Features:

  • Track income and expenses effortlessly
  • Generate detailed reports for financial insights
  • Manage multiple accounts and ledgers

✨ Read more: app for small business accounting

2. Wave

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Cost: Free (Free), Wave Accounting ($39/month)

Wave, a popular business transactions app available on mobile, streamlines financial management for small businesses and freelancers. It allows users to send professional invoices, track expenses, and manage receipts, all from their smartphones. With a 4.6-star rating on the Google Play Store based on over 700,000 reviews, Wave proves itself a valuable tool for managing finances on the go. While its free plan offers basic features, its paid Pro plan unlocks advanced bookkeeping and expense tracking capabilities, making it a more comprehensive solution for growing businesses. However, Wave's mobile app may lack some of the robust functionality found in its desktop counterpart.

Wave - Professional invoices and estimates, Expense tracking

Key Features:

  • Send professional invoices and estimates
  • Track business expenses and receipts
  • Accept online payments from customers

✨ Read more: app to check credit score

3. Skip

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Skip is a mobile business transactions app that streamlines the process of finding and applying for funding opportunities, including grants, loans, and other financing options. The app boasts a user-friendly interface and intelligent automation features, such as its grant auto-apply function, which automatically submits grant applications on the user's behalf, increasing their chances of securing funding. Skip has garnered a strong user base, with over 90,000 downloads and a 4.7-star rating on the app store, suggesting its effectiveness in helping businesses find and secure necessary funding. However, Skip's reliance on third-party lenders and grant providers means that users are limited to the options offered within the app, potentially restricting their access to other, potentially better, financial solutions.

Skip - Automatic grant application, AI-powered Q&A, Personalized funding dashboard

Key Features:

  • Discover grants and funding opportunities
  • Apply for funding with automated tools
  • Track funding progress on your dashboard

✨ Read more: app for tracking mileage

4. QuickBooks Online Accounting

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Cost: Simple Start ($25/month), Essentials ($50/month)

Forget about juggling spreadsheets and paper receipts—QuickBooks Online Accounting on mobile is the ultimate business transactions app for young entrepreneurs like me. It's not just another app, it's a game-changer because it's super user-friendly and packed with features that make managing finances a breeze. I chose QuickBooks because it's trusted by millions of small businesses worldwide, and it has a 4.5-star rating on the App Store based on over 2 million user reviews. Whether you're tracking expenses, sending invoices, or getting a clear picture of your cash flow, QuickBooks takes the stress out of managing your business, so you can focus on growing it.

QuickBooks Online Accounting - Automatic mileage tracking, Invoicing and estimates

Key Features:

  • Track income and expenses easily
  • Create invoices and receive payments
  • Manage customer and vendor information

✨ Read more: app for receipts

5. Accounting App

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Cost: Free (Free), Standard ($19/month)

I'm always on the lookout for apps that make my life easier, especially when it comes to managing my finances. That's why I chose Accounting App, a mobile app that simplifies tracking business transactions. Unlike other apps that feel clunky and confusing, Accounting App is super intuitive and user-friendly. It allows me to categorize my expenses, generate reports, and even create invoices in just a few taps. Plus, with over 2 million downloads and rave reviews from business owners, it's clear that Accounting App is a game-changer for anyone who wants to stay on top of their financial game.

Accounting App - Automated invoice and reminder emails, Online payments and expense capture

Key Features:

  • Track income and expenses
  • Manage invoices and payments
  • Generate financial reports

✨ Read more: app to send money

Other business transactions app

The most important factors when choosing a business transactions app

  1. Ease of Use: The app should be intuitive and simple to navigate, especially for users without extensive accounting knowledge.
  2. Features: The app should offer the specific features you need, such as invoicing, expense tracking, inventory management, payroll, or reporting.
  3. Integration: The app should integrate with other essential business tools like your bank account, accounting software, or e-commerce platform.
  4. Security: Data security is paramount, so the app should have strong security measures in place to protect your financial information.