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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 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
Very best for: Brokers, groups

High promoting factors:

  • Cell-first
  • Gentle, 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 modify to a cell 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 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, offers 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 stable accent resolution for these already comfy managing their numbers.

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

I’m all the time amped on apps which can be singular in function, that determine a well-liked irritation and remedy it with a transparent, direct expertise.

Contacts could be absorbed via the machine’s native Rolodex, and will considered one of them be a part of a deal, Symba mechanically collates their information into the transaction workflow, which incorporates process lists and deal standing updates.

Every deal, primarily based on sort, 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 seems like loads of work for a cell app, however Symba does an ideal 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 slightly 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 information because it comes.

Information between Symba and your financial institution accounts movement 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 dangle on to chop these quarterly checks. It additionally allows you to add images of receipts to connect to offers and bigger work expenditures.

All monetary information could be seen in any variety of time frames: month-to-month, quarterly and yearly. It contains revenue projections benchmarked in opposition to previous efficiency and present offers within the app.

General, the impression 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 beneficial 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 nicely 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, monitor residence 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 mentioned I’ve a quantity phobia. Math for chemistry and physics have been wonderful, 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, in the event you’re like me, you’ll instantly acknowledge how Symba will help.

Have a know-how product you want to focus on? E-mail Craig Rowe

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