Namu

Namu is a financial platform designed specifically for self-employed professionals, including freelancers, consultants, real estate agents, creative professionals, and providers of professional services. According to the vendor, it offers a comprehensive set of tools and resources to help manage their finances, including invoicing, accounting, tax planning, retirement planning, and reporting. Namu caters to self-employed individuals of all sizes, from solopreneurs to small businesses, providing them with the necessary financial management capabilities to succeed in their respective industries.

Key Features

Invoicing: According to the vendor, Namu provides a built-in invoicing feature that allows self-employed professionals to create and send professional invoices to their clients. Users can customize their invoices with their branding, add line items for products or services, specify payment terms, and include personalized messages. The platform automatically calculates taxes and totals, facilitating easy earnings tracking and cash flow management.

Accounting: Namu includes a comprehensive accounting feature that helps self-employed professionals manage their financial transactions and track their income and expenses. Users can connect their bank and credit card accounts to automatically import transactions, eliminating the need for manual data entry. The platform categorizes transactions into predefined categories and allows users to create custom categories to suit their specific needs. According to the vendor, Namu provides real-time financial insights, including profit and loss statements, balance sheets, and cash flow reports, offering users a clear view of their financial health.

Tax Planning: According to the vendor, Namu offers tax planning tools to help self-employed professionals stay organized and prepared for tax season. Users can track their deductible expenses, such as business-related purchases, travel expenses, and home office expenses, maximizing their tax deductions. The platform provides estimated tax calculations based on income and expenses, assisting users in planning for quarterly tax payments and avoiding surprises. Namu also offers tax reminders and alerts to ensure users meet important tax deadlines and remain compliant with tax regulations.

Retirement: According to the vendor, Namu provides retirement planning features that help self-employed professionals save for their future. Users can set up retirement accounts, such as SEP IRAs, and contribute a percentage of their income to these accounts. The platform offers insights into retirement savings goals and projections, aiding users in making informed decisions about their retirement planning. Namu also provides educational resources and information about the power of compounding and the importance of early retirement savings.

Reporting: According to the vendor, Namu offers robust reporting capabilities, enabling self-employed professionals to generate customized reports to analyze their financial data. Users can generate reports on income and expenses, tax liabilities, profit and loss, and other key financial metrics. The platform provides visual charts and graphs to help users visualize their financial data, identify trends and patterns, and gain valuable insights into their business finances.