Are you a Canadian business owner? Do you frequently travel for work? Then you know how challenging it can be to manage your finances while abroad. FX fees can get pretty expensive and it’s not always clear how much you’ll pay in Canadian dollars. However, with the help of Wise and ReInvestWealth, you can enjoy many benefits that will make your travels easier and less expensive.
Wise
Wise is an online financial institution that allows you to manage money, in any currency, with ease and at a low cost. This is especially beneficial for business owners who frequently travel abroad because they don’t charge monthly fees and have some of the most favorable exchange rates in the industry. It’s also a great alternative to traditional banks for business owners who don’t travel as much and are just looking for a great banking experience. You’ll be able to easily manage your money online and monitor your accounts in real-time, which will give you financial peace of mind while you're on the go.
Wise has a user-friendly interface that enables you to transfer money to and from over 40 countries with just a few clicks. It allows you to lock in exchange rates to protect against currency fluctuations and provides you with real-time notifications when your money has been received or sent. Your account comes with a free business Visa card that can be used to make purchases in Canada and any other country supported by Wise (and that’s over 200 countries!). One of our favorite features is that Wise automatically notifies you to take a picture of your receipt (which gets attached to the transaction) a few seconds after you make a purchase. How neat is that!
ReInvestWealth Free Accounting Software
Another benefit of using Wise is that it can connect with the ReInvestWealth free accounting software to automate your business accounting while traveling in other countries. This means that you can easily manage your finances, no matter where you are in the world. With ReInvestWealth, you can connect your bank accounts, track your expenses, send invoices using Stripe and even hire an AI bookkeeper, all from one convenient platform.
ReInvestWealth is an accounting software that is specially designed for small businesses. It is cloud-based, which means that you can access your financial information from anywhere in the world, as long as you have an internet connection. You can use ReInvestWealth to file sales taxes directly in the app, making it one of the easiest accounting platforms to use.
One of the best features of ReInvestWealth is that the software will automatically categorize your transactions, so you don't have to spend hours doing it manually. Simply hire your very own AI Bookkeeper and manage your business's financial health like never before.
Conclusion
If you're a Canadian business owner who frequently travels for work, then Wise and ReInvestWealth can help make your travels easier and more productive. With Wise, you can manage money internationally with ease and at a low cost, while ReInvestWealth can automate your business accounting while you're on the go. So why not try them out today and see how they can benefit your business?
ReInvestWealth may receive commissions on purchases made through links in this post.