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ZenBusiness Money Pro is a financial management service created specifically for self-employed entrepreneurs and small business owners. It aims to help track income, expenses, mileage, and tax deductions in real time, saving users thousands of dollars per year.
So, in short…
ZenBusiness Money Pro tracks income, expenses, mileage, and tax deductions for self-employed entrepreneurs. The automated financial management platform aims to maximize tax savings and simplify finances.
Launched in 2019, ZenBusiness Money Pro integrates with users’ bank accounts and credit cards to automatically track revenue and expenses. It also captures tax deductions, generates financial reports, creates invoices, manages clients, and accepts online payments.
Key features include:
- Automated expense tracking
- Mileage tracking
- Income and profit tracking
- Tax deduction tracking
- Invoicing and payment collection
- Client management
- Financial reporting and insights
- Integration with accounting software
While ZenBusiness Money Pro is a financial management platform that can be used by any business entity, ZenBusiness also provides services to help entrepreneurs form limited liability companies (LLCs). ZenBusiness offers customizable LLC formation packages that include preparing and filing formation documents, obtaining an Employer Identification Number (EIN), and providing registered agent/office services. Forming an LLC through ZenBusiness establishes business asset protection and credibility before utilizing ZenBusiness Money Pro to manage ongoing finances and maximize tax deductions. The integrated services make ZenBusiness a one-stop platform both for launching an LLC and optimizing day-to-day financial operations.
One of the biggest pain points for entrepreneurs is tracking business expenses. With ZenBusiness Money Pro, users can connect business bank accounts and credit cards. All transactions are automatically categorized as either business or personal.
The platform uses AI to detect potential tax deductions. Users can also manually tag expenses for taxes. Common deductions like office supplies, advertising, travel, meals, and more are automatically detected, saving hours of manual categorization.
Invoicing and Getting Paid
Creating, sending and collecting payment on invoices is streamlined with ZenBusiness Money Pro. Users can generate customized invoices and send them via email in a click.
The platform offers online payment processing through Stripe integration. This means clients can easily pay invoices directly within ZenBusiness Money Pro. There’s no need to follow up to collect payment.
Invoices can be one-time or set to recur automatically. All invoice details, status, and payment history remains organized in one place.
Mileage is often one of the biggest tax deductions for small business owners and contractors. ZenBusiness Money Pro has an automated mileage tracker.
Users can start mileage tracking with two taps whenever they drive for business purposes. The app records mileage driven and detects trip origin and destination. Business mileage is seamlessly logged and deductible mileage expenses are calculated.
In-depth financial reports are available within ZenBusiness Money Pro. Users get an overview of income, expenses, account balances, account reconciliations, and more.
Advanced reporting provides profit and loss statements, cash flow statements, tax deductions, estimated quarterly and annual taxes, and tax prep documents. All financial data is exportable for tax prep or integrating with accounting software.
ZenBusiness Money Pro aims to maximize tax deductions for small businesses. The tax tools detect, track, and calculate common deductions from mileage, supplies, meals, travel expenses, office expenses, and more.
It also estimates quarterly and annual income tax payments, so users can set aside and pay estimated taxes accurately. Documents like profit and loss statements help prepare taxes as well.
For additional tax filing support, ZenBusiness Money Pro provides access to expert tax CPAs through its partnership with TaxSlayer.
ZenBusiness Money Pro offers a one month free trial for new users. After the trial, pricing is $30 per month.
The platform can be used from desktop and mobile devices. All features are included with the standard monthly subscription. There are no tiers or premium add-ons.
While some small business accounting software costs hundreds per month, ZenBusiness Money Pro aims to provide an affordable solution optimized for self-employed users.
ZenBusiness Money Pro takes the hassle out of financial management for entrepreneurs. It combines expense tracking, invoicing, tax tools, reporting, and more in one platform designed just for self-employed businesses.
The automated features like transaction categorization, mileage tracking, and tax deductions save users significant time. For entrepreneurs looking to streamline their finances and maximize tax savings, ZenBusiness Money Pro is worth exploring.
Frequently Asked Questions (FAQs)
What does ZenBusiness Money Pro do?
ZenBusiness Money Pro is financial management software that automatically tracks income, expenses, mileage, tax deductions, and generates invoices for self-employed entrepreneurs.
What features does ZenBusiness Money Pro include?
Key features include automated expense tracking, mileage logging, invoicing, payment processing, financial reporting, tax preparation tools, and integration with accounting software.
How does ZenBusiness Money Pro track expenses?
It connects to users’ bank and credit card accounts to automatically pull transactions and categorize them as business or personal based on AI.
Does ZenBusiness Money Pro help with taxes?
Yes, it tracks tax deductions, estimates quarterly/annual taxes, provides tax prep documents, and includes access to tax CPAs for support.
Can I use ZenBusiness Money Pro without forming an LLC with ZenBusiness?
Yes, ZenBusiness Money Pro is a standalone financial management service that can be used by any self-employed entrepreneur or small business owner. You do not need to form your business entity through ZenBusiness to use ZenBusiness Money Pro.
What is the cost for ZenBusiness Money Pro?
There is a 1 month free trial, after that it costs $30 per month paid monthly.
This article is created with the aid of automated technology and then carefully reviewed and verified for accuracy by our professional editors.