Category: Uncategorized

Toshl Medici Expands with 3000 New Bank Connections Around the World

Getting control of your finances just got a whole lot easier. Toshl can now connect to 3000 more banks and financial services around the world, bringing the total to about 13 000 financial institutions worldwide.

To the already available banks in the United States and Canada, we’ve added many new connections in Australia, Brazil, Germany, Hong Kong, India, Israel, Italy, Mexico, Singapore, Spain, the United Kingdom and many more countries. In fact, connections are now available in 60 countries.

Check out the list of available bank connections and countries.

How does it work?

  1. Find your bank, credit card or financial account in the list of bank connections. You can browse by country. First, 12 popular institutions in the country will show up. There’s also a full alphabetical list of available banks below. You can also use search on top to look for your bank by name.
  2. Connect to your account. In most cases this requires entering the username and password or connecting by being redirected to the bank/service’s page to log in. Some banks may require additional security steps.
  3. Choose the date, from when on would you like the data imported. This is important if you’ve been tracking some of these accounts manually before. Pick a date from when on you’d like to switch to automatic and import from there on. How much past data is available varies from bank to bank, it’s most often 2 past months.
  4. See the incomes and expenses fly in! In a few moments, your financial accounts and transactions will be imported from your account, automatically categorized and tagged.

Privacy & Security

Toshl is dedicated to protecting your data and your privacy. You can read more about our policies and precautions we take on our Privacy Policy page.

We work with reliable fintech partners to enable the bank connections. These companies are Salt Edge and Plaid. Plaid mostly covers connections in the US and Canada while Salt Edge provides integrations most of the other connections around the world.

When you enter your bank credentials to connect, Toshl itself does not see or store the credentials. They are saved and kept safe by our connection partners. This is needed to enable the bank connection to keep automatically updating with new data in the background. When you remove the connection, the credentials are deleted as well.

As banks in the European Union (due to PSD2 legislation) and around the world add official APIs (automatic connections), we’ll be updating our connections to support the new authentication and connection methods. With those methods, saving the credentials will no longer be required, as authentication will happen directly with your bank. We’re very much looking forward to these developments.

Availability

To connect your bank, open the Bank connections section in the Toshl Finance Android, iOS or web app.

The automatic bank connections are available to Toshl users with the Toshl Medici subscription plan. See the pricing and all the features that become available with the upgrade. A free 30 day trial is available.

Posted in Uncategorized

Attach PDFs to your expenses and incomes

Sometimes expenses and incomes come with a bit more documentation that needs to be kept in a safe place. Toshl has for a long time offered the option to add photos of receipts, either by taking the photo right away, or by choosing it from your phone’s gallery.

We’ve now added the option to add PDF invoices to entires as well. 

The option is available in the web app as well as the Toshl Android and iOS mobile apps. When adding an expense or income, just find the little camera icon on the bottom right and you’ll see the Attach PDF option there, right next to the photo option.

In the mobile app, the file picker will open up, so you can choose between the files you have for upload. You can attach up to 4 PDFs. It should work with any PDF invoice, warranty, report or similar document, as long as it’s under 10 MB in size.

The PDFs will be automatically synced to toshl.com for backup as well as for availability on your other devices, where you are logged in with your Toshl account.

Adding attachments and photos to entries is available to users with Toshl Pro or Toshl Medici upgrades. A free 30-day trial is available.

Posted in Uncategorized

Planning Graphs Arrive in Toshl Mobile Apps

The Toshl mobile apps for Android and iOS were updated today. Version 3.1.0 brings a major new feature to the mobile apps – Planning graphs.

These graphs enable you to compare your finances month-to-month, seeing the whole year at once. You can compare your monthly balances, expenses, incomes and see the growth (hopefully) of your net worth.

Better still, you can filter the graph by categories, tags, accounts or even locations. That means you can easily compare your spending on Food & drinks month-to-month. Want to see how much you spent just on your credit card and compare months? Done.

Tutorials

Check them out for more detailed instructions and tips on how to use Planning.

Availability

The Planning feature is available for all Toshl Pro and Medici users in all Toshl apps. Just make sure you have the latest update from the App Store or Google Play. A free 30-day trial of Toshl Pro or Medici is available on all platforms.

Posted in Uncategorized

Hint: Swiping From The Edge Is Better Than Living on It (Android)

Our phones’ screens grow larger, yet our thumbs stay the same. How do we then reach the main menu button or the time span and accounts button on the top of the screen?

Worry not. You can easily swipe from anywhere along the left edge of the screen toward right. This will open the main navigation menu.

The same works on the right edge of the screen. Swipe with your finger from anywhere on the rightmost edge of the screen toward left and the accounts and time span sidebar will open. When done, you can simply swipe them back in the opposite direction.

This can make your use of Toshl a lot quicker and more comfortable for your thumbs.

Posted in Android Tutorials, Uncategorized

How to use the Budgets (Android)

 

Budget list

When you tap the Budgets section, you’ll see all the budgets that you have in the current time period.

Each budget has its own progress bar and shows how much of the budget is used and left this month. That way, you can quickly monitor the current state of all your budgets at once.

If you use monthly budgets, you’ll notice that budgets are displayed in two ways:

 

Monthly budgets for all expenses and monthly budgets for categories

The top budget is your general monthly budget for all expenses. The category budgets below each represent a percentage of the total monthly budget.

If you added up all the category budgets, they add up to the monthly budget for all expenses. That’s why the little progress bars beneath each category budget are of different lengths. Together, they would be the full length of the progress bar for the monthly budget for all expenses.

The categories for which you have not yet made a budget are covered in the “Remaining budgets” section. That way you get a picture of how your monthly budget for all expenses is distributed among all the categories.

 

All other budgets

All the budgets which are not monthly for all expenses, or monthly for a category, are displayed as individual budgets. They cannot be displayed in the upper part of the list as they don’t necessarily match up in time or scope with the other budgets. Such budgets can be interesting in their own right, but not immediately comparable to monthly budgets for all expenses or categories.

 

Filtering

Budgets displayed in the list are filtered just like any other content on Toshl.
Only budgets that have a budget period in the currently chosen time span will be displayed.
If you used the filtering option on the top right, only the budgets that fit those criteria will be displayed. For example, if you filtered to display only one category, only the budgets that track that category will be displayed. Same goes for tags and other filtering options, except accounts.

Don’t forget about the “Planned” ON/OFF setting in the time span settings in the right sidebar.

If it’s set to ON, the budgets will already include your planned expenses which aren’t yet due this month. If planned is set to OFF, only expenses that happened until today will be displayed.

 

Budget details

Let’s take a look into the details of an individual budget. We’ll take a look at a monthly budget for all expenses and see what all the graphs and data mean.

 

Title & budget amount

The title is pretty self evident, but it’s worth mentioning that they are generated automatically, based on the type of budget you created. If you want you can change it by clicking Edit in the top right corner of the screen.

The amount shown on top is the total amount for the budget for the given time period. You can use your main currency for the budget (recommended) or a foreign one, if it’s your travel budget while you’re abroad, for example.

 

Budget statistics for the current period

 

Used & planned: the amount of money that was already spent from this budget in the displayed time period. If it mentions “planned” it also includes the expenses that you have already added in the future of this time period, but weren’t due yet. For example, bills that haven’t arrived yet this month. If you want to see just the expenses until today, click the time span setting at the top of the screen and set the “Show planned expenses in graphs” setting to OFF.

 

Left: The amount of money remaining in this budget, that you have not spent yet.

 

Left per day: The amount of money remaining, divided by the number of days remaining in the budget period.

 

Budget overview graph

This graph takes a little bit of getting used to all the elements of it, but once you get the hang of it, you get a great feel for the real state of your budget in a single glance.

 

Progress bar and the blue/red lollipop

The blue-coloured background tells you how much of your budget still remains. In the beginning of the period it’s all blue, but as you add more expenses things heat up and it starts shrinking towards the right side. Kind of like a glacier. The blue lollipop shows the end of the progress bar and displays how much money is left in the budget.
If you surpass the budget amount you have set for yourself, the progress bar will start appearing from the left in red colour, with the red lollipop up front, displaying how much did you go over your budgeted amount.

 

The today lollipop

In the budget graph for the current period you’ll also see an upside-down lollipop in dark grey with “today” written on it. This lollipop shows current time compared to the whole budget period. The entire length of the graph is the entire amount of time in the budget period and the lollipop displays where you are now.

 

The red columns

These columns are daily sums of expenses. They show how much you spent on a given day in the budget period, telling you when you spent the most and helping you to find the main culprit of overspending. Click and hold the cursor over the graph to see the daily details. The taller and darker the column, the more was spent.

 

Compare the “money left” and “today” lollipops

Comparing the lollipops quickly tells you how you’re doing with your current budget. The blue lollipop tells you how much money you have left in the budget, the grey one tells you how much time you have left.

If they’re aligned or almost aligned, you’re right on track so far. You’re on the way to spend the almost exact amount of money you budgeted in this period.

 

If the today lollipop (grey) is way ahead of the money left lollipop (blue), then you’re doing great with your budget. You’ve spent less than you thought you will in this amount of time. If this happens a lot, perhaps it’s time to lower the budget amount.

 

If the money left lollipop (blue) is way ahead of the today lollipop (grey), then you’re not doing so well with your budget. You’re spending more than was expected. Time to reduce your spending, or if that’s not possible, make the budget amount larger next time.

 

If the lollipop has already turned to red, you have already spent more than the money you had put in the budget amount. The lollipop simply tells you by how much.

 

Budget type

 

Time period, Accounts Tracked, Budget Type

The 3 basic settings of the budget.
Time period: shows what kind of period of time does it track and how quickly it transitions to the next period, e.g. daily, weekly, monthly, yearly or one time. You can set a budget to a custom time period: e.g. every 2 weeks, every 3 months etc.

 

Accounts tracked: Whether the budget is set to track the expenses noted on all financial accounts or only some.
Budget type: Whether it tracks all expenses, those in specific categories, those using specific tags or excluding expenses some categories or tags.

 

Included expenses: Shows all the expenses that are counted in this budget. Which expenses are included of course depends on how you set the budget in the properties above.

 

The budget history graph

 

This graph shows the previous budget periods and the total amount of money that was spent in the period. By tapping and holding over the budget history graph you can also see more details for the period, including the amount of the budget, amount spent and how much was saved or lacking in the period.

 

The budget history list

Here you can see each one of your past budget periods. You can easily tell how much you exceeded or saved on a budget in a given period on the list. Tapping on one of the periods will take you to the budget details in that past period of the budget.

 

Toshl Pro budget limitations

People using the free Toshl are limited to adding 2 budgets, with Toshl Pro you can add as many as you like. If your Toshl Pro subscription expires, the extra budgets will be deactivated. The data will not be deleted, if you extend your Toshl Pro subscription you can continue using them normally.

pro_badge_beigeToshl Pro is available as one of these plans:

$1.99 / month
$19.99 / year
$59.99 / 3 years + free T-shirt

Learn more about Toshl Pro

Want to start budgeting, but don’t know where to start? Read our tutorial “How to Set Up Your Budgets and Control Your Spending” and you’ll be set up in a heartbeat. Maybe two heartbeats. It will be a few more heartbeats really. It’s just a figure of speech, get of my back, will you!? ;)
Toshl_2.0_monster_0059_60_c

Posted in Android Tutorials, Uncategorized