Finolog

Finolog is a service specifically designed for small businesses. It provides the ability to manage financial flows in one secure location.

The platform not only ensures transparency and control over monetary transactions but also predicts potential cash flow gaps, helping businesses be prepared for financial challenges.

Service features

In addition to the listed features, the service offers even more capabilities. However, we will review Finolog and focus on the most significant and important features.

This approach will allow the reader to gain a more comprehensive understanding of the service without being overwhelmed by an excess of information.

Overall financial summary display

Finolog allows viewing an overall summary of financial activity regardless of the account currency. The service automatically converts currencies at the current rate, ensuring accuracy and convenience in financial management.

Prediction of cash flow gaps

The unique feature of predicting cash flow gaps helps businesses plan their financial resources in advance and avoid discrepancies.

Assessment of profitability and business efficiency

Finolog enables businesses to assess profitability and efficiency by analyzing data over six months. This allows for the identification of inefficient expense items and the optimization of financial processes.

Accounting for future payments and forecasting cash flow

The service accounts for future payments and provides the capability to forecast cash flow. This solution allows businesses to plan their financial actions for the future.

Accounting for obligations in transactions with counterparties

Finolog ensures accounting for obligations in transactions with counterparties. Businesses can effectively manage financial commitments and reduce risks.

Reveals what the accountant does not know

The platform provides real-time answers to questions about the state of the business and the availability of finances. This allows for making informed decisions and improving performance indicators.

Suitable for project-based companies

Finolog’s website makes it easy to link income or expense operations to various projects. The profitability of each project is considered, and business processes are optimized.

Service benefits

Security and confidentiality

Finolog ensures a high level of user data security, including access via HTTPS protocol, multi-factor authentication, and backup in multiple locations.

Planning

The service offers extensive capabilities for planning financial actions, including reminders, shared calendars, and periodic events.

Business plan

Finolog is capable of developing and implementing business plans, including forecasts, multicurrency support, collaborative work, and data export.

Business analytics

The service provides extensive data analysis capabilities, such as budgeting, profitability analysis, strategic planning, and data source integration.

Financial accounting

Finolog provides comprehensive financial accounting, including planning of payments and receipts, management accounting for legal entities, and cash accounting.

This is a reliable tool for managing the finances of small businesses. It provides all the necessary tools for effective management of financial resources and achieving business goals.

What users often scold about Finolog

Depreciation error and support issues during the trial period

Several users note serious issues encountered during the trial period of the service.

One review reflects these difficulties: “During the trial period: there was an error with depreciation (after deleting a fixed asset, it became POSITIVE). Then, the auto-fill of payment categories stopped working. Support was stumped for several days.”

Access problems after the trial period ends

Some users faced issues accessing the service or obtaining support after the trial period ended.

One review states: “The trial period ended. I can no longer access the service. Asked ‘what about my issue,’ they replied ‘we’ll hurry support now.'”

What users often praise about Finolog

Availability of all necessary features and additional services

Several users highly rate the availability of all necessary features for management accounting and additional financial assistant services.

One review confirms this: “It has its own methodology for management accounting. It’s unusual at first, but then you realize it’s very well thought out. There are additional financial assistant services. I used them, and they were helpful.”

Graphically pleasant interface and payment planning functionality

Users note the pleasant graphical interface and the presence of payment planning functionality in the basic version of the service.

One review reflects this: “Graphically pleasant. Includes payment planning functionality in the basic version.”

Percentage of reviews

Positive reviews of the service outweigh the negative ones. This could help attract new users despite some issues noted by other users.

The availability of all necessary functions, additional services, and a graphically pleasant interface makes the service attractive to those looking for a convenient tool for accounting and financial planning.