Top five financial apps
ExpenseMagic, launched in February on the iPhone, is a one-stop shop for expenses management. Users take a photo of receipts and upload them to ExpenseMagic’s secure servers, using GPS to determine the currency of the claim.
Trained accountants then sort through the claim and send an itemised expenses form directly to an accounts department or back to users. It’s all stored securely online, so users can access the information online at any time. It’s free to download, but it costs 15p for every receipt uploaded.
The app also allows users to upload receipts manually and organise expenses themselves. ExpenseMagic will then simply generate a report to print off. It works worldwide and can process expenses in a number of diff erent currencies.
Designed by our sister website Interactive Investor, SharePrice is the only app that provides free real-time streaming prices from the London Stock Exchange. As well as newsfeeds from Interactive Investor, Reuters and CityAM, the app also provides 15-minute delayed prices from the New York Stock Exchange and Nasdaq.
You can add shares to a watchlist, set alerts for price movements and access SharePrice dealing accounts (or upgrade to the ‘pro’ ad-free version – £19.99) to trade on the go. To use the free version register on the website (shareprice.co.uk). Available for iPhones, iPads and on the Android, Windows 7 and Blackberry platforms.
Listen to Taxman (69p)
For just 69p, this app is the pocket taxman. Users input personal details, including salary, pension and student loan details, and the app figures out exactly how much tax users are liable to pay. Users can change their details at any time, and the app will automatically update with any Budget changes through the tax year.
Available on iPhones, iPod Touches and iPads, it’s simple to use and provides yearly, monthly or weekly tax breakdowns.
Account Tracker (£1.79)
This is an account-tracking, budgeting and expenses management app to helps users keep track of expenditure on a day-to-day basis. Users can set up account groups – such as current accounts and credit cards – and input any money paid in or out. It’s worth mentioning that the accounts on the app don’t sync automatically with bank accounts, so users must input this information.
The app tracks spending by adding payments to defined categories, such as savings, expenses or bills. The app also allows users to set budgets for each account group, and the budgeting tool will track expenditure and cash fl ow using coloured bars. It is possible to make charts or reports across each account to help keep track of where all that hard-earned cash is going.
Account Tracker is available on the iPhone and iPad and costs £1.79.
Capital Spreads (free)
Watch the markets around the clock with this app for spreadbetting and contracts for diff erence. Available for the iPhone, iPad and iPod Touch, Apple users can check the latest prices and market movements instantly, open and close positions with a tap of the screen and set orders for when an index hits a particular level.
As with SharePrice, the app is free, but Capital Spreads requires users to register on the website first to open an account. Before trading with the app, remember that spreadbetting carries a high level of risk to your capital and you can lose more than the initial deposit.
This article was written for our sister website Money Observer