The Finolog service is generally convenient for financial accounting, especially for small businesses, but has several drawbacks that may limit its functionality.
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I have no special complaints about the system; the idea is not bad, but its usefulness is mainly for beginners who have never worked with Excel or Google Sheets. Almost all functions can be implemented in these programs, and I don't see the point in paying around 3,000 a month for the same thing, including integration with banks and other systems. The only difference is that Finolog is already set up, and you just need to enter data to get information; plus, it looks more attractive than tables in a spreadsheet editor. However, the capabilities are similar. It’s also not suitable for large companies and full-fledged accounting because it’s too simple. In the end, this is a solution for those who are starting their business, don’t want to work with Excel (or don’t know how), and are looking for a nearly ready-made option.
I have been working with Finolog for about six months. This service is similar to popular online accounting tools, but it is more focused on financial accounting, which is suitable for individual entrepreneurs. Previously, I used Excel for most tasks, but this service turned out to be more convenient. Firstly, data entry has become easier; there’s no need to figure out numerous functions (everything you need is already provided), and creating charts has become simpler and more informative. Additionally, data from Excel can be imported into Finolog. It's convenient to track cash flow – you can see everything. You can create planned operations independently, forecast cash flow (taking into account future client payments), use templates for regular operations, and predict cash gaps. There is integration with banks, but it’s worth noting that not all popular ones are supported. I got lucky since I work with Alfa, while only Tinkoff, Modul, and Tochka are available besides it. The analytics and reporting are at an average level. The system only calculates standard indicators, such as expense analysis, cash flow reports, and profit and loss reports by project. It’s good that everything is done automatically. A table or chart is generated, showing the overall picture of the business, and then you make decisions yourself. Although it would be nice to add more capabilities to the analytics. You can work with the system not only from a computer but also from a phone, although the app is only available for iPhones. The interface is pleasant; data entry is not too convenient, but controlling finances is simply perfect. There’s also a Telegram bot that allows you to add financial transactions (including from Android devices, which is useful for users without iPhones), check the balance, and receive reports based on specified commands.
I was intrigued by Finolog because of its price: 2,990 rubles per month – and all features without limitations. However, it's worth noting that the consultant is only available in the "Care" plan for 11,990 rubles per month, which I think is quite expensive. Most of the services are related to the operation of the service and assistance in preparing reports and plans. If you don't have time and don't mind spending the money, you can take advantage of this option, but in my opinion, it's simpler to hire an employee to manage the accounting in the system. There is also a 2-week trial period. After a month of use, I decided to subscribe for a year, and the price came out to about 2,500 rubles per month with a discount. The system's interface is user-friendly: you can see the movement of funds, income and expenses, transaction logs are displayed below (descriptions, counterparties, categories, dates, etc.), and next to it is a pie chart showing how the budget was spent. Quite informative. Transactions can be entered manually or imported from online banking.
Currently, in terms of price/quality ratio, this financial accounting service is the most suitable among all that I have tried. However, it has its drawbacks: the system still feels a bit raw, even though they have been working on it for several years. In particular, the Android app is still not fully developed, so I have to use the web access, which is not always convenient. Additionally, there are very few integrations, and the functionality of the system itself is quite limited. The pricing policy is pleasing — around 3,000 a month (if you don't buy packages for six months or a year, where good discounts apply) — which is an acceptable price. Previously, I performed all operations in Excel, and by my calculations, it took about 20-25 hours a month. Now, in this system, entering data and generating reports takes no more than 5 hours. Moreover, the results have become more visual, which makes the expenses justified. What I would like to improve: integration with a larger number of banks (personally, I wouldn't mind Raiffeisen), the ability to distribute access (so that certain employees have restricted functions and visibility, while others are granted more rights), and an Android version. Otherwise, I am satisfied with everything.
In a month of use, I hardly noticed any serious drawbacks. I only struggled with one issue (perhaps it's not supported by the system): how to automatically allocate expenses across categories when the amount is divided among several categories. In my case, the office rent is paid as a single sum, but I divide it among different projects. For better analysis in Finolog, I have to manually break down the total amount and enter the data separately. There is no automatic solution for this. It's not critical, but it would save time. Previously, we used 1C and Excel, and for this, we had to involve specialists to create separate modules and update them so that expenses were allocated according to our preferences. As a result, the synchronization of 1C, Excel, and the bank was slow and inefficient. This limited the flexibility of reports and complicated their analysis. With Finolog, however, compiling reports has become much easier. It's better to use it in small businesses than to continue with old methods. Even someone without an accounting background can easily understand how to properly allocate income, expenses, and invoices. Graphs are generated quickly, and cash gaps in expenses are clearly visible, allowing for timely resolution.
I manage my online store through Finolog, using a point of sale. I always have access to the service thanks to the iOS app. The ease of use on the phone is excellent, and I hardly ever refer to the standard workspace. I perform some actions through Telegram: I can send a task to the bot, and it will automatically execute it in my account. With the app, I track stock levels, create financial documents, prepare reports, and keep track of all incoming payments, both cash and cashless. On the main page, there is a widget with information about incoming payments, a chart of income and expenses, as well as a diagram of expenses by category. Some widgets can be removed if they are in the way. My store operates not only in the Russian internet space, so I accept multi-currency payments, and conversion happens at the current bank rate. The cost of the service is very reasonable – 2990 rubles per month. I decided to subscribe for a year after the trial period to save 20%. I don't see the point in getting a more expensive plan; I don't need a personal consultant, everything is clear as it is.
Finolog is perfect for managing cash flow in business. I was looking for similar services based on several criteria. First and foremost, I was interested in the convenience of daily operations, meaning where it would be easier to input new data for generating reports. A key point here is automation and reducing manual work. In Finolog, you can enter recurring payments with just one click, scheduling them for future dates. Additionally, when uploading transactions from the bank, scheduled payments are automatically confirmed if the details match. The service supports integrations with major Russian banks and offers auto-filling of forms. The second important aspect for me is the ability to generate reports. Finolog provides profit and loss reports for each project, allowing for comparisons, identifying weak spots, and eliminating them from operations. Over time, the system automatically classifies expenses into fixed and variable, breaking them down by categories and counterparties. Project accounting is also available, which helps track how much money the business generates and whether it's enough to cover fixed expenses. Finally, reliability and security are crucial. The connection in the service is established through an encrypted channel, preventing interference and interception of information, while the data remains confidential and not subject to disclosure. In addition to convenience, it's worth noting the ability to use a bot in Telegram for entering transactions.
Creating a company card in the accounting system, entering invoices, and setting up operations takes only 20 minutes. There is a detailed manual available. Operations can be imported from Excel or a bank (statements or online banking – choose what’s more convenient). You can register multiple companies under one account, which is perfect for small businesses or those who divide their business into several legal entities. All payments added to the database are classified as expenses or income, but there is an option to exclude them from accounting. There are provisions for input and output articles for this purpose. You can upload your operations for the past six months at the start, and the system will automatically create fixed and variable expenses. Thus, the setup is complete. After that, you just need to regularly enter operations, monitor the company's balance, generate reports, and so on. All of this is available in the mobile app, and indeed, it is convenient and simple.
This is one of the most convenient services I have ever used. I tried several alternatives – Planfact, Sineco, Finance FreshOffice, and even Excel – all of them are complicated and require setup (especially the last one), and not all functions are available. In my opinion, Finolog can be compared to AmoCRM in the world of CRM systems – it is truly a comfortable solution that won't solve all problems but can be quickly set up and integrated into a business. For example, there are several "exclusive" features: you can make payments on the go. You just send commands to the bot via Telegram on your phone. One message, and the payment is done. There's no need to log into the system, enter details, etc. – just one command is enough. The bank is integrated, although not all major banks in our country are included, only a few – like Tinkoff, Alfa-Bank, Tochka – which are most commonly used by small entrepreneurs. The system also offers import-export to Excel. The functionality doesn't allow for some operations, so if necessary, you can revert everything to Excel and continue accounting there. Then the data can be exported back to the system. Reports provide analytics on expenses. There is a distinction between fixed and variable costs, the dynamics of changes in each expense, and recommendations for reducing fixed costs. Cash flow, profit and loss reports, and cost analysis are also available. These are quite standard functions. Some useful little features speed up the work, such as auto-completion of values and bulk operation changes. There are minor flaws; sometimes the system resets settings. But they are working on it. The benefits of using it outweigh the possible drawbacks: under the same conditions, for example, in the same reports, I spend at least twice as little time working with finances than I did before when I was using Excel. I didn't choose Finolog's alternatives mainly because of their complexity.
I used Finolog for several months but ultimately decided to switch to another accounting system. The main drawbacks are that this service is suitable only for small businesses, where there aren't many transactions, mainly income and expenses, but a connection with the bank is important. If deep report analysis isn't required and only a general overview is needed, then this is an option. In practice, it is necessary to input the company's profit and expenses: write-offs, any payments, and so on. All analytics boil down to expense analysis, cash flow reports, and project profit and loss, including direct and indirect costs. For me, this is not enough; such statistics seem superficial and do not reflect the full picture. I won't claim that the system is bad, as you can master all its functionality from day one. However, it won't suit every business.
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Finolog is an online service offering solutions in financial management and accounting. The company develops software and applications for convenient monitoring and analysis of financial data.
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