Symba Has The Cheat Codes For Managing Agent Finances: Tech Review
Symba is fintech-light layered over a deal tracker, spliced with back-office accounting. It’s an excellent device for anybody new or rising within the enterprise and a stable accent resolution for these already snug managing their numbers.
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Symba is a enterprise and monetary administration app.
Platforms: iOS, Android
Ultimate for: Brokers, groups
Prime promoting factors:
- Gentle, intuitive UI
- Tax/bookkeeping options
- Full back-office deal breakdowns
- Deal and task-tracking modules
It could be powerful for an agent who’s already on high of their funds to modify to a cellular resolution like this. Exterior of that, I’ve little concern concerning the idea or its supply. I fear somewhat 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, offers earnings/expense breakdowns, creates earnings 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 device for anybody new or rising within the enterprise and a stable accent resolution for these already snug managing their numbers.
There’s a device in my expedition first-aid equipment referred to as a pulse oximeter. You’ve possible had this little gadget clamped onto your finger now and again, it manages blood O2 ranges. This app is like that. Easy. Sensible. And helps lots concerning the standing of your livelihood from just a few preliminary knowledge factors.
I’m at all times amped on apps which are singular in objective, that determine a preferred irritation and clear up it with a transparent, direct expertise.
Contacts could be absorbed by 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 job lists and deal standing updates.
Every deal, primarily based on kind, 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 appears like lots of work for a cellular app, however Symba does an awesome job collapsing bigger duties into what’s essentially the most pertinent. It’s slimmed down enterprise administration.
The monetary facets of Symba, its core competency, actually, take somewhat setup upon initialization, however nothing a couple of minutes of centered interplay gained’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 earnings and bills per deal, taxes owed, deductions and even populates tax kinds to be relayed to the suitable skilled for submitting. Estimated taxes, too, are highlighted to make sure customers know precisely what they should grasp on to chop these quarterly checks. It additionally allows you to add photographs of receipts to connect to offers and bigger work expenditures.
All monetary knowledge could 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.
Total, the affect of such important enterprise economics so properly summarized is spectacular, particularly when one considers how difficult this side of the enterprise nonetheless is for numerous brokers.
Symba is positioned completely as a device that turns into extra precious with time. It’s the carpenter’s favourite device, the one which solely leaves the hip bag when it’s getting used. And its deal oversight performance is mixed simply properly sufficient to assist the person know the place all of it stands. It does its one factor very well and gained’t get in the way in which 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 house workplace stuff, and nonetheless ache with panic come the beginning of every 12 months.
I’ll pay an accountant something to deal with my taxes and books. It’s been stated I’ve a quantity phobia. Math for chemistry and physics had been effective, having formulation and a objective 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, when you’re like me, you’ll instantly acknowledge how Symba may also help.
Have a expertise product you want to talk about? E mail Craig Rowe
Craig C. Rowe began in industrial actual property on the daybreak of the dot-com increase, serving to an array of economic actual property firms fortify their on-line presence and analyze inner software program choices. He now helps brokers with expertise choices and advertising by reviewing software program and tech for Inman.