What is ZenBusiness Money Pro?

Overview

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

Expense Tracking

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 Tracking

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.

Financial Insights

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.

Tax Tools

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.

Pricing

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.

Bottom Line

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.