Product Overview of Toshl Finance
Toshl Finance is a comprehensive personal finance, budget, and expense tracking application designed to help users manage their financial activities efficiently and intuitively. Here’s a detailed look at what Toshl Finance does and its key features:
Core Functionality
Toshl Finance allows users to track all their financial accounts, including credit cards, bank accounts, cash, and even cryptocurrencies like Bitcoin, in one centralized platform. This includes the ability to connect over 13,000 different bank accounts, credit cards, and financial services worldwide, such as Chase, Bank of America, PayPal, and more.
Data Entry and Tracking
- Quick Expense Entry: Users can add expenses manually in just 4 taps, with features like a tip calculator and the option to add multiple tags, financial accounts, locations, descriptions, and photos to each entry.
- Automatic Data Import: Toshl Finance supports importing data from online bank files in various formats (CSV, Excel, QIF, QFX, OFX, etc.) through the web app.
- Location Tracking: Users can save locations to their expenses, view maps of their spending, and filter data by location.
Budgeting and Financial Management
- Budgeting: Set budgets for all expenses or filter them by categories, tags, or accounts. Budgets can be set for any time period, with the option for rollover to the next budget period. Notifications alert users when they approach their budget limits.
- Financial Accounts: Manage multiple financial accounts in any currency, each with its own balance. Transactions can be easily made between these accounts.
- Bill Organizer: Repeat expenses or incomes in custom time periods, set reminders before or when bills are due, and mark bills as paid or unpaid.
Data Visualization and Analysis
- Graphs and Charts: Toshl Finance provides extensive data visualizations, including category donut graphs (pie charts), tag bubble graphs, and expense location maps. Users can see a big picture overview of their monthly financial flows and compare spending over different time periods.
- Filtering and Sorting: Filter financial data by financial account, category, tag, location, or time span. Sort expenses and incomes by date or category, and search through entries.
Additional Features
- Currencies and Exchange Rates: Support for almost 200 currencies, including 30 cryptocurrencies, with fresh exchange rates. Users can add expenses in foreign currencies and manage exchange rates for repeating expenses.
- Receipt Photos: Save up to 4 photos per expense or income entry, useful for keeping receipts and warranty information (available with Toshl Pro).
- Loan and Debt Tracking: Track major debt repayments and small loans to friends, helping users manage their debt more effectively.
Subscription Plans
Toshl Finance offers both free and premium subscription plans:
- Free Plan: Includes 2 financial accounts, 2 budgets, and basic features.
- Toshl Pro: Offers unlimited financial accounts, unlimited budgets, the ability to save receipt photos, repeat expenses, set bill reminders, and unlock with fingerprint for $2.99/month or $19.99/year.
- Toshl Medici: Includes all Toshl Pro features plus automatic data import from US or Canadian banks, credit cards, or other financial services for $4.99/month or $39.99/year.
Multi-Device Support and Syncing
- Cross-Platform Compatibility: Use Toshl Finance on an unlimited number of devices across multiple mobile platforms and the web app. Data automatically syncs across all devices, ensuring that financial information is always up-to-date and secure.
In summary, Toshl Finance is a robust and user-friendly financial management tool that helps users track their expenses, manage budgets, and visualize their financial data. With its extensive features, multi-device support, and flexible subscription plans, Toshl Finance is an excellent choice for anyone looking to gain better control over their personal finances.