Streamline Your Business Finances with the Fiskl & Revolut Business Integration

Small business owners face many challenges in running their businesses, but one of the most critical areas is financial management, especially when it comes to expenses. Keeping track of expenses can be time-consuming and complex, taking away from the focus of growing the business. But what if there was a solution that could automate the process, making it easier and more efficient?

Enter the integration of Fiskl and Revolut Business. This powerful solution streamlines expense management, improves accuracy, and provides greater visibility into the financial health of a small business. Let’s dive into the benefits of this integration.

Expense Management Automation

Small business owners know all too well the challenge of tracking expenses. With the integration of Fiskl and Revolut Business, transactions are automatically added to Fiskl via secure Open Banking, are auto-categorized and show directly in the accounting system. This eliminates the manual effort required to manage expenses and ensures all expenses are accurately recorded.

Employee Expense Management Made Easy

Issuing Revolut cards to employees makes it easy to manage employee expenses. Employee expenses are synced directly to accounting, so there is no lag in cash flow. This helps small business owners have a clear understanding of their financial position, which is crucial for making informed decisions.

Streamlining Invoice Payments & Bank Transfers

Fiskl invoice payments are matched to Revolut bank transactions, making it easier to reconcile payments directly to accounting. The integration also extracts payment gateway processing fees and assigns them to the correct category in operating expenses, providing small business owners with a more accurate picture of their expenses.

Internal bank account transfers in the same or multiple currencies are easily matched in Fiskl. Transfers to other bank accounts held by the same company are as easily reconciled, giving small business owners a real-time consolidated balance of all their bank accounts connected to Fiskl, regardless of the currency, as well as any cash accounts.

Simplifying Software Subscription Management with Fiskl & Revolut Business

Software subscriptions can quickly add up and become a significant expense for any business. Managing these subscriptions can also be a hassle, especially when trying to track spending across different departments or areas of the business. With Fiskl and Revolut Business, small business owners can simplify this process by categorizing all software SaaS spending to one category in the Chart of Accounts. This allows for a total overview of all software-related expenses and helps business owners make informed decisions about which subscriptions to cancel or renew.

Fiskl also allows small business owners to allocate SaaS spending to custom accounts, providing a view of which areas of the business are consuming more software subscriptions. This information can be used to make data-driven decisions about which subscriptions are most critical to the business and which can be canceled to reduce expenses.

The Power of Revolut Business Integrated with Fiskl

Revolut Business is a business banking platform designed to help small business owners manage their finances more efficiently. With its powerful features and seamless integration with Fiskl, small business owners can enjoy a range of benefits, including:

• Multi-currency accounts – Revolut Business allows small business owners to hold, exchange and transfer money in multiple currencies, all synced with Fiskl Accounting which accurately manages FX realized gains and losses.
• Real-time notifications – With real-time notifications, small business owners can stay on top of their finances, no matter where they are in the world.
• Seamless integration with other tools – Revolut Business integrates with a range of other tools, including Fiskl, to provide a seamless and efficient solution for small business owners.
• Secure Open Banking – Revolut Business uses secure Open Banking to add transactions to Fiskl, ensuring that small business owners’ financial data is kept safe and secure.

The Bottom Line

The integration of Fiskl and Revolut Business provides small business owners with a comprehensive solution that automates expense management, improves accuracy, and provides greater visibility into their financial health. With these benefits, small business owners can focus on growing their businesses and making informed decisions, instead of worrying about the complex and time-consuming task of managing expenses.

So, if you’re a small business owner looking for a solution to streamline your expense management, consider the integration of Fiskl and Revolut Business. With Revolut Business and Fiskl, you can enjoy a seamless, efficient and secure financial management solution that will help you take your business to the next level.

By automating your expenses, improving accuracy and providing greater visibility into your financial health, you’ll be able to make informed decisions and focus on growing your business. Don’t let the hassle of financial management hold you back – make the switch to the Fiskl and Revolut Business integration today.

Revolut business is currently available for companies and sole traders registered in and with a physical presence within the United States of America, European Economic Area (EEA), Switzerland and Australia. Fiskl supports Revolut Business banking sync