Symba is fintech-light layered over a deal tracker, spliced with back-office accounting. It’s an excellent software for anybody new or rising within the enterprise and a stable accent answer for these already snug managing their numbers.

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Symba is a enterprise and monetary administration app.

Platforms: iOS, Android
Superb for: Brokers, groups

Prime promoting factors:

• Cell-first
• Gentle, intuitive UI
• Tax/bookkeeping options
• Full back-office deal breakdowns
• Deal and task-tracking modules

Prime concern:

It could be powerful for an agent who’s already on prime of their funds to change to a cellular answer like this. Outdoors of that, I’ve little concern in regards to the idea or its supply. I fear just a little about it increasing past its present worth proposition.

What it is best to know:

Symba is a cellular app (a browser model is pending) for managing brokers’ and groups’ transaction funds. It simply creates deal web sheets, connects a number of financial institution accounts, supplies revenue/expense breakdowns, creates revenue projections, and clearly delineates tax obligations for each deal, quarterly and over time. Its fintech-light layered over a deal tracker, spliced with back-office accounting. It’s an excellent software for anybody new or rising within the enterprise and a stable accent answer for these already snug managing their numbers.

There’s a software in my expedition first-aid equipment known as a pulse oximeter. You’ve possible had this little gadget clamped onto your finger occasionally, it manages blood O2 ranges. This app is like that. Easy. Good. And helps you realize so much in regards to the standing of your livelihood from only some preliminary knowledge factors.

I’m at all times amped on apps which can be singular in goal, that determine a well-liked irritation and clear up it with a transparent, direct expertise.

Contacts will be absorbed by means of the gadget’s native Rolodex, and will one in all them be a part of a deal, Symba mechanically collates their information into the transaction workflow, which incorporates activity lists and deal standing updates.

Every deal, primarily based on sort, is supported with a easy standing timeline, beginning with “In Communication” and ending with “Below Contract.” Duties are then stacked inside every and drive standing adjustments.

It seems like numerous work for a cellular app, however Symba does a terrific job collapsing bigger duties into what’s essentially the most pertinent. It’s slimmed down enterprise administration.

The monetary points of Symba, its core competency, actually, take just a little setup upon initialization, however nothing a couple of minutes of centered interplay received’t alleviate. Merely add your cut up and contract particulars, join financial institution accounts (and bank card accounts) and enter itemizing knowledge because it comes.

Information between Symba and your financial institution accounts movement securely each methods.

The app visually categorizes revenue and bills per deal, taxes owed, deductions and even populates tax varieties to be relayed to the suitable skilled for submitting. Estimated taxes, too, are highlighted to make sure customers know precisely what they should dangle on to chop these quarterly checks. It additionally enables you to add pictures of receipts to connect to offers and bigger work expenditures.

All monetary knowledge will be considered in any variety of time frames: month-to-month, quarterly and yearly. It consists of revenue projections benchmarked in opposition to previous efficiency and present offers within the app.

General, the affect of such vital enterprise economics so properly summarized is spectacular, particularly when one considers how difficult this facet of the enterprise nonetheless is for a lot of brokers.

Symba is positioned completely as a software that turns into extra worthwhile with time. It’s the carpenter’s favourite software, the one which solely leaves the hip bag when it’s getting used. And its deal oversight performance is mixed simply effectively sufficient to assist the person know the place all of it stands. It does its one factor very well and received’t get in the best way of your tech stack.

I suppose a caveat is so as. I detest dealing with my funds and doing taxes much more. I’ve a bunch of 1099s yearly, ship quarterlies, observe residence workplace stuff, and nonetheless ache with panic come the beginning of every yr.

I’ll pay an accountant something to deal with my taxes and books. It’s been mentioned I’ve a quantity phobia. Math for chemistry and physics have been wonderful, having formulation and a goal helped. However when precise authorized repercussions can come from not dealing with your funds appropriately, I put all of it on tech and professionals. Possibly I’m too enthusiastic about seeing cool options for my private ache.

However, for those who’re like me, you’ll instantly acknowledge how Symba might help.

Have a know-how product you want to focus on? E mail Craig Rowe

Craig C. Rowe began in industrial actual property on the daybreak of the dot-com growth, serving to an array of business actual property corporations fortify their on-line presence and analyze inner software program choices. He now helps brokers with know-how choices and advertising by means of reviewing software program and tech for Inman.