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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 instrument for anybody new or rising within the enterprise and a strong accent resolution for these already snug managing their numbers.

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Symba is a enterprise and monetary administration app.

Platforms: iOS, Android
Best for: Brokers, groups

Prime promoting factors:

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

Prime concern:

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

What you need to know:

Symba is a cell 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, gives 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 instrument for anybody new or rising within the enterprise and a strong accent resolution for these already snug managing their numbers.

There’s a instrument in my expedition first-aid equipment known as a pulse oximeter. You’ve doubtless had this little machine clamped onto your finger every so often, it manages blood O2 ranges. This app is like that. Easy. Good. And helps you understand rather a lot in regards to the standing of your livelihood from just a few preliminary information factors.

I’m all the time amped on apps which might be singular in function, that establish a preferred irritation and remedy it with a transparent, direct expertise.

Contacts may be absorbed by means of the machine’s native Rolodex, and may certainly one of them be a part of a deal, Symba robotically collates their data into the transaction workflow, which incorporates activity lists and deal standing updates.

Every deal, based mostly on kind, is supported with a easy standing timeline, beginning with “In Communication” and ending with “Beneath Contract.” Duties are then stacked inside every and drive standing modifications.

It feels like a whole lot of work for a cell app, however Symba does an awesome job collapsing bigger duties into what’s probably the most pertinent. It’s slimmed down enterprise administration.

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

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

The app visually categorizes revenue and bills per deal, taxes owed, deductions and even populates tax types 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 permits you to add pictures of receipts to connect to offers and bigger work expenditures.

All monetary information may be seen 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 influence of such vital enterprise economics so properly summarized is spectacular, particularly when one considers how difficult this side of the enterprise nonetheless is for a lot of brokers.

Symba is positioned completely as a instrument that turns into extra priceless with time. It’s the carpenter’s favourite instrument, 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 rather 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 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 stated I’ve a quantity phobia. Math for chemistry and physics have been nice, having formulation and a function 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 might help.

Have a expertise product you wish to talk about? 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 firms fortify their on-line presence and analyze inside software program choices. He now helps brokers with expertise choices and advertising by means of reviewing software program and tech for Inman.