Product Overview of Toshl Finance
Toshl Finance is a comprehensive personal finance management tool designed to help users track, organize, and manage their financial activities efficiently. With over 2 million users, Toshl Finance has established itself as a reliable and user-friendly solution for monitoring and controlling personal finances.
Key Features
Financial Account Integration
Toshl Finance allows users to connect and track multiple financial accounts, including credit cards, bank accounts, cash, PayPal, and even cryptocurrency wallets like Coinbase and Bitstamp. It supports automatic connections with over 13,000 different financial services worldwide, ensuring that users can consolidate all their financial data in one place.
Data Entry and Management
The app offers quick and easy manual expense entry, requiring only 4 taps, and includes a tip calculator for convenience. Users can add rich data to their entries, such as multiple tags, financial accounts, locations, descriptions, and photos of receipts. This feature is particularly useful for expense reporting and keeping track of warranties.
Budgeting
Toshl Finance provides robust budgeting tools, allowing users to set budgets for all expenses or filter them by categories, tags, or accounts. Budgets can be set for any time period, and there is an option for rollover to the next budget period. The app sends notifications when users approach their budget limits, helping them stay on track.
Data Visualization and Analysis
The app offers extensive data visualizations, including pie charts, bubble graphs, and expense location maps. Users can get a big picture overview of their monthly financial flows and see how much they have left to spend while maintaining their budget goals. The web app provides additional features like month-over-month comparisons and filtering by category, tag, or location.
Multi-Device Sync and Backup
Toshl Finance syncs data across an unlimited number of devices on multiple mobile platforms and the web app, ensuring that users’ financial data is always up-to-date and accessible. The app also includes automatic backup, so data is safe even if a device is lost.
Security and Privacy
The app prioritizes security, using encryption and tokenization, and follows the latest security practices. It also offers two-factor authentication for additional security. Toshl Finance is regulated by EU banking authorities and holds a PSD2 AISP registration with the Bank of Slovenia.
Additional Features
- Automatic Categorization: Toshl analyzes transactions and automatically categorizes and tags them, making it easier to understand spending patterns.
- Split Expenses: Users can split a single expense into multiple categories, such as groceries, cosmetics, and home improvement items.
- Location Tracking: Expenses can be tagged with locations, and users can view maps of their spending.
- Financial Planning: The app helps users explore their spending and earning patterns, track loans and debts, and plan for the future with estimates and planned entries.
Subscription Plans
Toshl Finance offers a free version with basic features, including tracking of up to 2 financial accounts and 2 budgets. For more advanced features, users can opt for:
- Toshl Pro: Unlimited financial accounts, unlimited budgets, save receipt photos, repeat expenses, set bill reminders, and fingerprint unlock for $2.99/month or $19.99/year.
- Toshl Medici: Includes all Toshl Pro features plus automatic import of data from US or Canadian banks, credit cards, or other financial services for $4.99/month or $39.99/year.
In summary, Toshl Finance is a powerful and versatile tool for managing personal finances, offering a wide range of features to help users track, budget, and analyze their financial activities with ease and security.