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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 comfy managing their numbers.

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Symba is a enterprise and monetary administration app.

Platforms: iOS, Android
Best for: Brokers, groups

High promoting factors:

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

High concern:

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

What you must 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 device for anybody new or rising within the enterprise and a stable accent resolution for these already comfy managing their numbers.

There’s a device in my expedition first-aid equipment known as a pulse oximeter. You’ve probably had this little system clamped onto your finger occasionally, it manages blood O2 ranges. This app is like that. Easy. Sensible. And helps you already know so much concerning the standing of your livelihood from just a few preliminary knowledge factors.

I’m all the time amped on apps which are singular in goal, that establish a preferred irritation and clear up it with a transparent, direct expertise.

Contacts will be absorbed by way of the system’s native Rolodex, and will one in every of them be a part of a deal, Symba routinely collates their information into the transaction workflow, which incorporates activity 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 “Underneath Contract.” Duties are then stacked inside every and drive standing modifications.

It appears like plenty 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 points of Symba, its core competency, actually, take slightly setup upon initialization, however nothing a couple of minutes of targeted interplay gained’t alleviate. Merely add your break up and contract particulars, join financial institution accounts (and bank card accounts) and enter itemizing knowledge because it comes.

Knowledge between Symba and your financial institution accounts circulation securely each methods.

The app visually categorizes revenue 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 cling on to chop these quarterly checks. It additionally helps 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 contains revenue projections benchmarked towards previous efficiency and present offers within the app.

Total, the affect of such essential 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 priceless 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, monitor house 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 stated I’ve a quantity phobia. Math for chemistry and physics had been positive, 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. Perhaps I’m too enthusiastic about seeing cool options for my private ache.

However, should you’re like me, you’ll instantly acknowledge how Symba may help.

Have a know-how product you wish to talk about? E-mail Craig Rowe

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