Financial management is part of nearly everyone’s life. The need for simple, online management of finances is on the rise. If you’re a user in search of such a service, then Flowtorch is a web app worth checking out.
As the demand for quick, cloud access to financial management tools rises, so do the expectations from users. Some users want an all-in-one solution for tracking bank accounts, investments, credit cards and income while some prefer to track only investments or other financial category. Flowtorch is a go between for users who want to track their income and expenditures.
Accounts are created in the form of personal, business, freelance or other, so there’s an account type for anyone. Flowtorch allows for multiple accounts per user which is ideal for those with multiple sources of income. Flowtorch also integrates online shop income, including ebay or other online stores. Categories distinguish income from expenditure accounts and can be sorted for viewing by account or category.
So what can Flowtorch do for you? Besides the organizational value and multiple account management, Flowtorch has built-in tools to help track where your money goes. Charts display and compare graphically all income and expenditures with filtering options for more precise examination of finances. Payment notices can be added for both income and bills with one time or recurring payment options. Those who have off-line data, such as invoices, can easily upload them as attachments to accompany transaction entries.
Flowtorch isn’t bogged down with lots of menus or time consuming creation processes. Instead, the design is clean and uncluttered with emphasis on the data rather than the application. Flowtorch supports several currencies and offers XML formatted statements for download. If you’re not the only person in charge of the finances, Flowtorch has the built-in ability to add additional users to accounts and specify permissions for each. Best of all, Flowtorch is free which amounts to very little risk when trying it out.
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