FAQs

Everything you need to use Frienton - and by hence your business' financial management

Need a quick answer?

Here we summarise the answers to the most frequently asked questions about Frienton for you:

Help center

 

In your account you will find our personal help center! Just click on the chat window below and type in a question. Is it in a hurry? Our Robo Freddie is available to answer your questions 24/7 and is supported by our service team from Monday to Friday from 9:00 to 18:00. We are happy to help you individually and answer all your questions.

Why Frienton?

Our diligent FinTech helpers work together with you to free you and your company from annoying administrative tasks.

Our goal is to: "Let you focus on what you do best - while we take care of the rest."

 

What is Frienton really?

The Frienton platform is a simple and intuitive financial management system for companies - from a single centralised source.

Whether it be banking, planning, controlling or tax, we have you covered: Get control of your company's finances 24/7.

 

How does Frienton work?

With Frienton you can integrate all your business bank accounts and financial data on the simple and intuitive platform. The financial processes from planning to banking, accounting, controlling to tax are digitally linked & largely automated.

You always have an up-to-date overview of all your finances as well as trends, and can act immediately in case of abnormalities.

 

How much does Frienton cost?

The use of Frienton is currently free of charge. In addition, we offer you a 5-year discount of 50% on all our future services if you register with us in this introductory period.

We are a FinTech startup, our most important payment is your feedback. Let us know what you are missing, or where Frienton could be even better.  We will move forward based on the direction you provide.

The simplest way to describe our pricing is Freemium. We provide the connection to the platform for free & you pay-as-you-go for the services you need.

Who?

 

For which companies is Frienton suitable?

Frienton is for entrepreneurs as well as for small and medium-sized enterprises (SMEs). In particular those who want to make their financial management fully digital. The solution is currently ideal for early stage startups, holding companies and consultancies in Germany.

Other industries:

We are working on a high-quality solution for other industries. At the present time however, we are not yet able to serve you and your company in the desired quality we would prefer via our platform.

Nevertheless, please sign up for our waiting list by stating your business email as well as the legal form and industry of your company. We will get back to you as soon as there is news for you – we promise. 

 

Which legal forms are supported by Frienton?

Frienton is optimised for small and medium-sized enterprises (SMEs) in the legal forms of GmbH or UG.

However, we support practically all common legal forms from sole-proprieters to startups to AGs. Frienton is also expressly suitable for holding companies.

 

Controlling

 

How do I keep track of my finances?

In the company overview "My company” of your account you have all of the important data at a glance – both in numbers and graphically. Expenses, income, account balances, important KPIs and trends: Simply select the desired period above: Week, Month, Quarter, Year or define an individual time span as you see fit.

 

In the "Cash Flow" chart with the most important categories of income and expenses, you can immediately see the net income. The "Consolidated Overview" shows all the figures for the graph and notifications are stored for you in your mailbox.

 

Simply click on what interests you currently, and you will receive further details, down to the individual items/transactions if you so choose.

 

Where can I see my bank statements and individual transactions?

Your controlling is based on the real account transactions made and is therefore always up-to-date.

In the "My Company" overview, click on the area (graphic or number) that interests you in detail. The view of the associated transactions opens. If you just want to see all payment items, click on "Transactions" in the "Banks & Credit Cards" section.

Here you will find the complete account statements, as you may already be used to from online banking. You can download them as a CSV or PDF file.

 

What reports are available to me?

The following reports are available 24/7

  • Cashflow

  • Profit & Loss Report* (GuV)

  • Balance Sheet*

* this feature is not yet available

 

You can view all reports for your desired time period and export them as CSV or PDF files.

Banking

How can I add a bank account?

You can easily connect your bank accounts with Frienton. Click on "Banks & Credit Cards" and then on "Connect Bank Account". 

Credit cards associated with the account are also connected. You can also link PayPal accounts in the same manner.   

 

Can I rename or remove an account?

Yes, you can. If, for example, you have several accounts with a bank, private and business, then you can rename individual accounts or remove them from Frienton altogether.

 

To do this, click on the 3 dots (…) in the upper right corner of the account overview and then "Change" or "Remove".

Categorisation

How can I change the category of one or more transactions?

Frienton assigns your incoming and outgoing transactions to appropriate income and expense categories. If you want to adjust this on a case-by-case basis, click on the category in the corresponding transaction and select the new desired category.

 

You can also assign multiple transactions to a new category at the same time. To do this, simply select the ones you want to change and click on "Change Category".

Frienton learns your individual preferences & patterns and automatically assigns the right category to a similar transaction next time.

 

Can I add my own categories?

Yes, you can. We have already predefined a curated set of the most commonly used categories for your industry and made sure that these translate smoothly into the correct accounts for your official tax reporting (SKR 04). Your own custom categories (for bookkeeping and reporting) can be added as subcategories within this framework.

In order to do this, first click on settings and choose "Categories”. Here you will find an overview showing all 10 basic groups of income and expenses along with their pre-defined categories. Select the category for which you want to define a custom subcategory and click on the “+” symbol. Enter the name of the new subcategory and add an optional description. the click “Save”.

After you have completed these steps, the new subcategory is immediately available everywhere on the Frienton platform.

In case you want to edit or delete a subcategory, select it and click on either “Edit” or “Delete”.

 

Security & Privacy

 

... is the basis for trust. At Frienton, we take this very seriously and offer maximum security (bank level)

 

How does Frienton protect my data?

All sensitive data such as passwords is transmitted in encrypted form. In addition, the data is hosted exclusively in German data centres. These are certified according to German and European security standards and regulations - plus GDPR compliant. The Payment Services Directive PSD2  (Payment Services Directive 2) also stipulates that you re-enter your bank access data at regular intervals.

We also know that a password that is too weak can be a security risk even with the most demanding cryptography. We therefore recommend using a strong password and changing this regularly.

 

Is the data storage at Frienton secure?

Redundant systems allow you to permanently retrieve your data. All data is stored on German servers. Nevertheless, should a failure occur continuous backups ensure reproducibility, so that nothing is lost.

If you request, all your data which is stored at Frienton will of course be permanently deleted.

Settings

Can I change the login e-mail address?

Yes, in the "Settings" under "Profile" you can change the e-mail address for the login.

 

Which languages does Frienton support?

Frienton is currently available in German and English. To change the system language, click on "Profile" - "Language".

Sprache: Um die Systemsprache auf Deutsch zu ändern, gehe zu “Einstellungen” - “Profil” und klicke dort auf “Deutsch”.

 

Can I delete my account?

You can deactivate your account at any time under "Settings" - "Delete profile".

Created with ❤ for entrepreneurs as well as small and medium-sized enterprises in Germany. With Frienton you have complete integrated digital financial management system from a single source.