How does Finsplore work?
How your money gets into Finsplore, and what Finsplore does with it once it is there.
Finsplore turns the statements you export from your bank into one clear picture of your money. Here is how it fits together.
1. You add your accounts
You add an account by importing a statement file from your bank, such as a CSV or OFX file. Finsplore reads the account details and its transactions from the file.
Finsplore does not update your accounts by itself. To bring an account up to date, import a newer statement. Finsplore skips transactions it already has, so overlapping dates are fine.
See Import a bank statement for the steps.
2. Finsplore sorts your transactions
Each transaction is put into a category, such as groceries, rent or transport, based on details like the merchant name. When a category is wrong, you can change it, and you can choose whether the change also applies to other transactions from the same merchant.
3. You see where your money goes
Once your transactions are in, Finsplore shows your spending by category, your balances across accounts and your net worth, which is everything you own minus everything you owe.
4. You set budgets and goals
Use Budgets to choose how much you want to spend in a category each week, month or year, and Goals to save towards something, like a holiday or a deposit. Finsplore shows how you are tracking against each one.
You stay in control
Finsplore only reads the information you give it. It cannot move money or make changes at your bank, and you can delete your account and your data at any time.
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