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Financial Management for Businesses

Published 10/03/2011 and rated Ratingstars3 3 out of 5 stars
by AppAppeal Editor
Deadpooled, not active anymore
What can you use the app for?

FlowTorch is designed to help businesses manage and monitor their finances. The user can create an account in minutes and begin adding data and more. FlowTorch generates bold charts and visualizations that allow the user to get an overview of their income and expenses in an easy to read format. The user can list recurring and one-time payments on a daily, weekly or monthly basis. Files can be uploaded and attached to individual transactions, including invoices and receipts. Each user can create multiple accounts so businesses and other sources of income can be listed separately. For example, the user can create one account for their online store and another for an eBay account or other income producing investment. Expenses and income can be categorized for greater organization. Multiple users can be given access so family members, co-workers and employees who need to review financial data can do so. screenshot
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What is the history and popularity of the app?

FlowTorch appeared in 2011, with a United Kingdom version launched in August of 2011. The application was featured on Envato’s blog, Notes. FlowTorch encountered a small issue when it was discovered that activation emails were being returned by some spam systems. An update was made to the FlowTorch activation process to help work around this problem so more new users can retrieve their activation link and sign up.

What are the differences to other apps?

FlowTorch offers a clean, eye-catching interface that combines with functional finance tools to provide a flexible money monitoring solution to users. The application includes many basic features, such as income and expenses and categories along with more unique features such as the ability to create multiple accounts and access for multiple users. These extras make FlowTorch a versatile option for users in unique situations.

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How does the web app look and feel to use?

FlowTorch is completely clutter free and attractive. The user can add and edit data using drop down boxes and basic text fields set against a white background. Users who are intimidated by financial matters will find a friendly, welcoming ally in FlowTorch. The entire experience caters to the user, making it much easier to add and monitor financial data.

How does the registration process work?

A new user can create a FlowTorch account by clicking the green “Create Account” button in the bottom, center of the homepage. The following page presents the user with the registration form, which asks for an email address, full name and password. A drop down box at the bottom of the form asks what type of user the account is for. Options include personal user, freelancer, small business user and other. After clicking the blue “Register” button at the bottom of the form, the user is advised that they must check their email inbox for an activation email to complete registration.

What does it cost to use the application?

FlowTorch welcomes all user types for free. There are no subscription fees or other expenses required when creating or maintaining an account. FlowTorch is a practical and economical option for users who would like to follow their money and keep track of expenses and income.

Who would you recommend the application to?

FlowTorch is intended for all kinds of users. Individuals can keep track of personal expenses while entrepreneurs and small business owners can monitor multiple accounts in one place. Multiple user access allows many people to work with a single FlowTorch account.

  • Create one account that can be accessed by multiple users
  • Build multiple accounts for each business endeavor and income source
  • Add payment data on a one-time or recurring basis
  • Attach files to invoices, receipts and other transactions
  • Review clearly marked charts and graphs to view overall financial status

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