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 outstanding software 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:

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

Prime concern:

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

What you must 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, 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 outstanding software for anybody new or rising within the enterprise and a stable accent resolution for these already snug managing their numbers.

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

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

Contacts will be absorbed by means of the machine’s native Rolodex, and will one in all 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, primarily based 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 loads of work for a cell app, however Symba does an incredible 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 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 knowledge because it comes.

Knowledge 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 varieties to be relayed to the suitable skilled for submitting. Estimated taxes, too, are highlighted to make sure customers know precisely what they should dangle on to chop these quarterly checks. It additionally permits you to add photographs of receipts to connect to offers and bigger work expenditures.

All monetary knowledge will be seen in any variety of time frames: month-to-month, quarterly and yearly. It consists of revenue projections benchmarked towards previous efficiency and present offers within the app.

Total, the affect of such crucial enterprise economics so properly summarized is spectacular, particularly when one considers how difficult this facet of the enterprise nonetheless is for numerous brokers.

Symba is positioned completely as a software that turns into extra worthwhile with time. It’s the carpenter’s favourite software, 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 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 goal helped. However when precise authorized repercussions can come from not dealing with your funds accurately, I put all of it on tech and professionals. Possibly I’m too enthusiastic about seeing cool options for my private ache.

However, for those who’re like me, you’ll instantly acknowledge how Symba may also help.

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

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

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