Financio

Financio is a software solution designed to streamline accounting, payroll, and tax processes for small business owners. According to the vendor, Financio is utilized by a wide range of professions and industries including retailers, service providers, freelancers, consultants, e-commerce businesses, accountants, bookkeepers, small business owners, startups, and freelancers.

Key Features

Accounting Automation: According to the vendor, Financio can automate financial tasks such as invoicing, expense tracking, and bank reconciliation. It can generate professional invoices, track payments, manage and track expenses, and automatically reconcile bank transactions with accounting records.

Real-Time Financial Reports: Financio provides access to real-time financial reports, allowing users to gain insights into their business's financial health. Users can generate balance sheets, profit and loss statements, and cash flow statements. They can also monitor key financial metrics such as revenue, expenses, and profitability, as well as track sales performance and analyze customer trends.

Inventory Management: Financio enables users to track and manage inventory levels in real-time. Users can set reorder points to ensure stock availability and generate inventory reports to analyze stock movement and identify slow-moving items. Additionally, they can easily perform stock takes and adjust inventory quantities.

Payroll Management: The vendor claims that Financio can accurately and efficiently calculate and process employee payroll. It can automatically generate payslips and statutory reports, and handle various payroll scenarios such as overtime, allowances, and deductions. Financio also helps users stay compliant with tax regulations and statutory requirements.

Tax Compliance: According to the vendor, Financio allows users to generate tax reports and statements for easy tax filing. It helps users stay updated with the latest tax regulations and changes, automatically calculate and track GST/VAT, and generate GST/VAT reports for submission to tax authorities.

Bank Integration: Financio offers bank integration, allowing users to connect their bank accounts for seamless bank reconciliation. Users can automatically import bank transactions and match them with their accounting records, saving time and reducing errors associated with manual data entry. This integration ensures accurate and up-to-date financial records.

Multi-Currency Support: Financio enables users to manage transactions and accounts in multiple currencies. It can automatically convert foreign currency transactions into the base currency, generate reports in different currencies for global business operations, and help users stay compliant with currency exchange rates and fluctuations.

Mobile App Access: Financio provides mobile app access through the CONNECT mobile app, allowing users to create and send invoices, record expenses, and manage bank transactions from their mobile devices. According to the vendor, users can stay updated with real-time financial information anytime, anywhere, and collaborate with team members by assigning tasks and sharing documents.

Collaboration and User Permissions: Financio allows users to collaborate with their team by assigning different roles and permissions. Users can control access to sensitive financial information, allow team members to input data and generate reports based on their roles, and track user activities to maintain data integrity.

Third-Party Integrations: Financio offers integration with other business tools and software, according to the vendor. Users can sync data with e-commerce platforms, payment gateways, and CRM systems, streamlining workflows and eliminating manual data entry. This integration aims to enhance productivity and efficiency by connecting different business applications.