Banking is a core a part of any independent business.
Looking for banking alternatives, I got here across Foundand after trying it on myself, I feel ready to write my very own review.
In my review, I will go over Found’s foremost features, pricing, pros, cons, and more.
Let’s start.
Found provides a comprehensive banking service for self-employed people and small business owners.
It comes with streamlined, customizable tools that simplify tax, invoicing, accounting, and more.
Should you are a freelancer, the above needs to be reason enough to give it a try. Few banks or banking apps can claim to be made for freelancers or sole proprietors.
Found offers an online and mobile app (each iOS and Android). With Found, users can generate reports, easily categorize expenses, send and customize invoices, save receipts, view real-time tax estimates, and generate C-list forms—all throughout the app.
Sounds good thus far, right? You’ll get a giant surprise when I discuss their prices.
Now let’s take a take a look at the person Found functions.
Designed for self-employed and freelancers
The accounts found have all of the features of a business account, but will not be subject to any fees. This implies no account maintenance fees, no registration fee, no monthly minimum and no credit checks. It’s a shocking start, is not it?
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You could have the choice to upgrade to Found+ for a monthly fee.
Pay your expenses with a MasterCard business debit card
Found comes with a free Mastercard business debit card.
It allows you to track expenses and payments by sending quick notifications of purchases, so you may stay on top of your money flow. Having quick notifications is something that can’t be missed in modern banking apps.
Something doesn’t look right? You possibly can manage and lock your card with just a number of taps directly from the Found app.
Manage your funds from anywhere
Should you are like me, you might be independent to be together with your family and travel more often.
You possibly can count on Found from wherever your work takes you by logging into your computer, in addition to the free iOS and Android app on any phone or tablet that supports it.
It doesn’t matter if you happen to’re going to Bali, Paris or simply Salt Lake City, Utah – Found will go together with you.
Earn with just a number of taps
Your full-featured Found Business Account includes all the things you’d expect from an expert banking service, including account and routing numbers and a company debit card.
You possibly can access all of your information from the app in seconds, so if on the rare occasions you are doing business on the road (it happened to me!), you do not have to worry about late payouts or missing any trades.
Connect Found together with your favorite apps
Whether you’re employed within the gig economy or start your personal independent business, Found makes it easy to manage your earnings.
Automate your entire business experience by connecting Found to your favorite apps.
I was able to easily integrate Found with Stripe, and the automations I created have saved me at the very least 3-5 hours a month thus far!
Mechanically categorize your expenses
Benefit from each tax season by utilizing the automated Found categorization tool at the side of the Found business MasterCard with the swipe of a finger.
It’s also great for business planning. I’m sure it should come in useful in the long run when I do quarterly evaluations.
Add custom small business branding to your invoices
Your enterprise could also be as small as mine, but that does not imply you may’t look very skilled. I’ve noticed that with Found’s features, you may fine-tune your services by adding your name and logo to customer invoices, and receive payments directly to Found.
These invoices and payment links are nice.
Capture and save receipts with the Found feature
I’m sure I’ll never lose one other receipt.
Receipt capture and notes built right into Found The accounting features of the app work incredibly well.
Organize your funds with custom rules
You possibly can break down your small business funds and expenses into groups akin to office supplies, bills, travel expenses, equipment, and more with custom categorization tools.
Track write-offs within the app and save on taxes with every swipe
Your Found account mechanically records and categorizes every purchase you make. Which means each time you make a tax-deductible purchase, the Found records it, ensuring you get probably the most bang for your buck during tax season.
View a real-time tax estimate update
With every latest income or expense, Found updates your tax estimate in real time, so you may never be left with an unexpected tax bill.
Pay taxes from the app
Save yourself the headache of browsing government web sites. Found makes paying self-employed taxes easier by allowing you to pay directly within the app.
Say goodbye to piles of documents
Your self-employed Schedule C form is mechanically generated by Found – and who is not enthusiastic about less paperwork?
This feature alone will prevent a whole lot of time!
Beautifully designed invoices
I mentioned it above. Found invoices are fastidiously designed with what you are promoting in mind. Add your brand logo, edit invoice numbers, add custom elements, and even include a private note.
Earn your way
Our invoicing software offers flexible payment options including Credit Card, Debit Card, Direct Transfer, Money App, Zelle, Venmo and PayPal.
Stay awake to date on the status of your invoices
Found notifies you when an invoice is reviewed or paid, and sends automatic reminders to your customers to be certain you receives a commission on time.
Schedule future and recurring invoices
Automate your billing by scheduling one-off, weekly or monthly invoices so your customers receive their invoices on time each time.
An invoicing tool that permits you to send unlimited invoices for free
Invoices are free to send and are mechanically saved to your account. Found stores your previous payments in an orderly manner, so you may access them at any time.
It’s found free to register. There are not any hidden fees, minimum balance or account fees.
You could have the choice to upgrade to Found+ for a monthly fee
Benefits
- The product was created specifically for freelancers, so the features, terms and way forward for the product are an ideal fit for people like us
- Found has no hidden fees, minimum balance or account fees
- You possibly can have your personal Mastercard business debit card
- It has versatile apps and the perfect technology for security, integration, billing and more
- Found accounts are maintained by their partner bank Piermont Bank, a member of the FDIC, and these accounts are insured by the FDIC up to a limit of $250,000
cons
- This just isn’t the perfect for those registered as S-Corp or non-profit organizations.
Personally, I’m excited to stay as Found user within the near future. This has reduced a few of my business costs and has also helped to simplify among the tasks I do with the numerous “hats” I wear because the owner of my freelance business.
I think Found is a revolutionary product for a market that is typically not well served – independent professionals, self-employed and freelancers.
In case your needs may overlap with mine, I invite you to at the very least try Found and see for yourself.
For my part, the Found may be very comfortable, well adapted and so inexpensive that I know we are going to hear about it fairly often.
Thanks for reading!
“Perfect for small one-person entrepreneurs.“
— John Stewart, photographer
“helped me get monetary savings“
—Tyler Bradley, Marketing Consultant
“very easy and convenient way of banking“
—Kyle Pettibone, motorsports dealer
“I can deal with work as a substitute of worrying about paperwork.“
— Meghan Shimek, artist
* Disclaimer: Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, a member of the FDIC.
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