Great step. This would make me switch to Monzo Business.
I have one question:
Would it be possible to shoot a photo of your receipt within the Monzo app and get this automatically synced with FreeAgent?
At the moment I still need to sit down and manually go through all my transactions in FreeAgent and upload the receipts… This would be an absolute game changer for me as it would remove at few hours of monthly admin.
The app mobileAgent seems to have this sync functionality. However, I always need to enter the expense manually first and then reconcile with the bank feed…
Great idea This is something that we’d love to support as we develop deeper integrations with accounting tools. We don’t support it yet, but keep an eye out for more updates.
I’m really happy that a FreeAgent integration has been launched! I was terrible at remembering to manually enter in all my business transactions from Monzo.
Please investigate an integration with Crunch Accounting. They’re a pretty popular online accounting outfit. They have >10,000 customers, with a lot of tech savvy small businesses and freelancers on their books.
They already have integrations with a couple of banks, i.e. pulling in transactions automatically. I can tell you from personal experience that the online experience with most of the banks they do integrate with is absolutely woeful (https://www.caterallen.co.uk/) and I’d assume people using that would jump ship to Monzo in a heartbeat.
I’ve set up the FreeAgent integration, but despite having sent money into the Monzo business account from my old bank, a sync has not been triggered to FreeAgent. When does it synchronise?
Really pleased that integration with FreeAgent is here!
It’s working well, with one minor observation… The imported transactions are coming through as {payee reference} / {payee reference} rather than {payee name} / {payee reference}
I have recently registered a limited company and signed up on the waiting list for a Monzo business account. I hope I get invited I onto the next user rollout before I start operating properly. Great to hear that there’s Freeagent integration as that’s the bookkeeping tool that comes with my accounts package!!
Hi, I love the idea of integration with FreeAgent, etc.
The one issue is that as a sole trader, I still need to pull in my personal bank feed to claim ‘use of home’, e.g. electric, broadband bills, etc.
So having FreeAgent integration with my business account is not quite enough for me to get away from manually importing transactions.
I’d imagine this is true for everyone else that’s a sole trader—they’ll also need to claim off their personal account for select things.
Ideally, as part of the business plan fee, FreeAgent integration would also be enabled for my personal Monzo account too. This way I’d never need to manually import transactions.
I appreciate I may be in a different position it you here, but when I claim these sorts of expenses they’re just set values and no evidences are required. Importing your personal bank feed would be a nightmare wouldn’t it?
Daily.
