How it works
Your bookkeeping, our moves.
You invoice. We keep the books. Here is how it works in practice, and what is required of you.
Nothing is charged until you have accepted the general terms and signed the assignment agreement.
Four steps
Setup takes one conversation and one authorisation. The rest is our work.
- 1Tell us about your businessYour Business ID, roughly what you invoice and how, and which plan looks right. It takes ten minutes.
- 2We open your accountYou get your own login. Allow one to two working days: a person sets this up, and we would rather it be right than instant.
- 3Connect your bankA one-time authorisation, after which statements flow in automatically.
- 4Send your first invoiceThat is it. You are running.
Three things we need from you
The service is fast because everything lives in one place. That only works if it all goes in. None of it is busywork: each one is a step we would otherwise do by hand, and you would be paying for the minutes.
- Receipts within a month. May's receipts should reach us during May or June. Later than that and your books are behind, which is what makes bookkeeping expensive.
- Pay every purchase invoice through the system. With the invoice attached, so it lands in the bookkeeping without anyone retyping it.
- Put every receipt in the system. Cash, card, whatever, with the document attached.
You
Once you are running. Four things, and none of them takes long.
- Invoice your customers.
- Photograph receipts with your phone; Fennoa reads the details off them.
- Approve purchase invoices with a tap and pay them from the same screen.
- Tell us when something changes.
Us
At the same time, in the background. Everything else.
- The books, kept current rather than reconstructed in March.
- VAT returns and EU sales reports, filed on time.
- Your profit and loss and balance sheet, current every month.
- The year end accounts and your income tax return.
- When something looks wrong, we ask.
One requirement
Your business bank account has to be at a Finnish bank that provides a machine-readable statement (*konekielinen tiliote*). That feed is the reason transactions land in the bookkeeping without anyone retyping them, and it is why the service costs what it costs.
- All Finnish banks work. They integrate with Fennoa and we are happy with any of them.
- If your bank cannot provide the feed, we cannot run the service properly. Ask us before you commit to anything; we would rather tell you now than after you have paid a setup fee.
Ready for clear accounting?
Get started today with modern digital bookkeeping built for your business.
About 30 minutes. It commits you to nothing.
Frequently asked
- How long does setup take?
- Opening your account takes one to two working days. A person sets it up, and we would rather it be right than instant. The first conversation takes about ten minutes.
- What does the bank connection require?
- Your business bank account has to be at a Finnish bank that provides a machine-readable statement (konekielinen tiliote). All Finnish banks work and they integrate with Fennoa. The authorisation is one-time.
- What happens if receipts arrive late?
- May's receipts should reach us during May or June. Later than that and your books are behind, and work done after the fact takes more minutes, which means it costs more.
- Can I ask questions before committing?
- Ask as much as you like; it costs nothing. Charging begins only once you have accepted the general terms and signed the assignment agreement.
Tell us what you need, and we will work out what it actually takes.
A free conversation, about 30 minutes: we go through what you invoice, how your paperwork arrives and which plan fits, and tell you which bookkeeping band you land in and what it costs a month. We do not charge for a quote, and the conversation commits you to nothing.