The financial module extends FlowBill with simple accounting – without double-entry bookkeeping, without complexity. Manage accounts, record transactions, book purchases with suppliers and create financial reports for your tax return. Fiscal years cleanly separate all financial data into accounting periods. Coming Soon, from Business plan.
Financial moduleAccounting & reportsThe accounts module manages all financial accounts of an organization – for example business account at a bank, Wise Business account, Stripe balance or cash. Each account has a type, a currency, an opening balance and a status. Each financial transaction is assigned to exactly one account, allowing the current account balance to be traced at any time and reconciled with the actual account balance. The module is deliberately simple and does not replace classic accounting.
Transactions represent all money movements within an organization – incoming payments from customer invoices, payments of supplier invoices, manual income and expenses as well as corrections. FlowBill exclusively manages actual money movements and does not implement debit/credit bookings. Transactions can be created automatically from invoices and purchases or recorded manually. They form the basis for all financial reports and account balances.
The purchases module manages all business expenses – such as software subscriptions, hosting costs, domain costs, office supplies, hardware, services or insurance. A purchase represents the procurement of a product or service from a supplier. FlowBill deliberately separates purchase and payment: this enables partial payments, multiple payments and recurring purchases. A financial transaction is only created upon payment.
The suppliers module manages all suppliers of an organization – for example software providers, hosting providers, domain registrars, telecommunications providers, insurance or tax advisors. Suppliers are stored independently of individual purchases, so that master data only needs to be recorded once and can be reused as often as desired. They serve as the basis for purchases, recurring purchases and future AI and banking integrations.
The reporting module provides all financial evaluations – income, expenses, profit, account balances, cash flow and business development. Reports serve exclusively for the evaluation of already existing data and never change existing bookings. They support the preparation of the tax return, provide transparency about account balances and serve as the basis for dashboard widgets. All reports can be reproduced at any time and exported for external processing.
Fiscal years form the basis of financial management. Each financial transaction belongs to exactly one fiscal year – this cleanly separates all financial data into independent accounting periods. There is exactly one active fiscal year to which new transactions are automatically assigned. Opening balances are carried over at the year change. Completed fiscal years are locked and unchangeable. Annual evaluations and tax-relevant exports round off the year-end closing.
The financial module is available from the Business plan. Coming Soon.
Start today with FlowBill and use simple accounting from the Business plan – with accounts, transactions and financial reports.
