flonancial – What You Need to Know
An in-depth look at flonancial — features, strengths, limitations, and who it's best for.
At a Glance
Key facts about flonancial at a glance.
| Feature | flonancial |
|---|---|
| Software Type | Free MTD bridging software |
| Target Users | Sole traders, landlords with existing spreadsheets |
| Income Sources Supported | Sole trader + UK property (foreign property not confirmed) |
| Free MTD Software Plan | Yes |
| MTD Quarterly Updates to HMRC | Yes |
| Final Declaration | In development |
| Bank Reconciliation | No |
| Automated Bank Feeds | No |
| Invoice Creation | No |
| Receipt Capture (OCR) | No |
| Expense Auto-Categorisation | No |
| Property Portfolio Management | No |
| Tenant Management | No |
| Joint Ownership & Profit Sharing | No |
| Payroll | No |
| HMO Unit-Level Tracking | No |
| HMRC SA105 Box Pre-Mapping | No |
| Spreadsheet Import/Export | Yes |
| Platform | Web browser only |
| GDPR Compliant | Yes |
What Is flonancial?
Free MTD Filing for Sole Traders and Landlords
flonancial is a free MTD bridging tool operated by Flonancial Ltd (Company No. 17090724, ICO ZC141107), registered at 104 Finborough Road, London, SW10 9ED. It is a small, independent, venture-capital-free product built with a clear singular purpose: to let sole traders and landlords who already keep their records in a spreadsheet submit their MTD quarterly updates to HMRC without having to migrate into an accounting system or pay a subscription fee.
The workflow is simple: create a free account, connect to HMRC once via official OAuth, upload your spreadsheet (.xlsx, .xls, .csv, or .ods), select the cells containing your income and expense totals, and submit. The spreadsheet is processed entirely in the browser and never reaches flonancial's servers — only the summary totals you choose to submit are stored. flonancial is HMRC-recognised, and the core MTD submission functionality is committed to remaining free permanently. At the time of writing (June 2026), the platform supports quarterly updates for self-employment and UK property income. Final Declaration support is in development and planned for April 2027. Foreign property income support is not confirmed on the published site.
Strengths
- Permanently free - no trial, no bank requirement, no conditions
- Keep your existing spreadsheet, no migration needed
- Exceptional privacy: spreadsheet never leaves your device
- HMRC-recognised on GOV.UK official compatible software list
- Supports self-employment and UK property income
- HMRC confirmation receipt with official correlation ID
- No ads, no data selling, no tracking cookies
- UK-registered company; ICO registered
Limitations
- Bridging tool only, no bookkeeping, no bank feeds, no records management
- Final Declaration not yet available (planned April 2027)
- Foreign property income support not confirmed
- No property management, tenant tracking, or rent recording
- No joint ownership or profit-sharing automation
- No automatic tax calculations, user must calculate own totals
- No agent filing or accountant portal
- No phone or chat support — email only
- No mobile app — browser only
- New to market; limited track record
Making Tax Digital Compliance
How flonancial Handles MTD Compliance for Landlords and Sole Traders
flonancial is HMRC-recognised and supports quarterly updates for self-employment and UK property income. It does not maintain digital records, users keep their own records in a spreadsheet and upload the totals at each quarterly filing point. The platform generates an HMRC confirmation receipt including the official correlation ID after each successful submission. Critically, the Final Declaration, which replaces the traditional Self-Assessment return under MTD is not yet available on flonancial. It is in development and planned for April 2027. Landlords using flonancial as their sole MTD tool will therefore need an alternative solution for their Final Declaration until that feature launches. Foreign property income is not confirmed as supported on flonancial's published pages.
| Feature | flonancial |
|---|---|
| HMRC Recognised (MTD ITSA) | Yes |
| MTD Quarterly Updates | Yes |
| Final Declaration | In development |
| Digital Record Keeping | No |
| Digital Links Compliant | Yes |
| Sole Trader Income | Yes |
| UK Property Income | Yes |
| Foreign Property Income | No |
| Multiple Income Streams | No |
| Agent Filing on Behalf | No |
Property Management
flonancial: No Property-Specific Features
flonancial has no property management features whatsoever. It is a submission tool — landlords enter their combined income and expense totals at the quarterly filing point. There is no property portfolio dashboard, no tenant management, no rent tracking, no per-property expense allocation, no joint ownership tools, and no HMO support. flonancial does provide a free downloadable spreadsheet template that landlords can use to organise their records before uploading, but this is an offline document, not integrated software.
| Feature | flonancial |
|---|---|
| Property Portfolio Management | No |
| Tenant Management | No |
| Rent Tracking | No |
| Property Expense Allocation | No |
| Multiple Property Support | No |
| HMO Property Support | No |
| Joint Ownership/Profit Sharing | No |
| Maintenance Tracking | No |
| Tenant Screening | No |
| Compliance Document Alerts | No |
| Arrears Tracking | No |
Bookkeeping, Accounting & Digital Record Keeping
flonancial: No Bookkeeping — Spreadsheet Bridging Only
flonancial does not provide any bookkeeping, accounting, or ongoing digital record keeping. The platform's role is limited to the submission step: the user maintains their own records in a spreadsheet throughout the year, uploads the file at each quarterly deadline, selects the relevant cells, reviews the figures, and submits to HMRC. There is no chart of accounts, no bank feed, no journal entries, no expense categorisation, and no financial reports. HMRC requires landlords to maintain digital records year-round. flonancial does not provide this capability; the user must meet this requirement independently.
| Feature | flonancial |
|---|---|
| Cash Basis Accounting | No |
| Chart of Accounts (Pre-built, Landlord-Tailored) | No |
| Journal Entries | No |
| Bank Reconciliation | No |
| Automated Bank Feeds | No |
| Open Banking Integration | No |
| Double-Entry Bookkeeping | No |
| HMRC Box Pre-Mapping | No |
| Xero Integration | No |
| Spreadsheet Import/Export | Yes |
| Digital Record Storage | No |
Invoicing, Expense Tracking
flonancial: No Invoicing or Expense Tracking
flonancial does not provide invoicing, expense tracking, receipt capture, or any AI features. The platform accepts income and expense totals at each filing point but does not help landlords track, categorise, or manage transactions throughout the year. flonancial offers a downloadable spreadsheet template that can be used offline to organise records before submission but this is an Excel file, not integrated software.
| Feature | flonancial |
|---|---|
| Invoice Creation & Sending | No |
| Invoice Customisation/Branding | No |
| Online Payment Collection | No |
| Payment Tracking/Reminders | No |
| Expense Tracking | No |
| Receipt Capture (OCR/Photo) | No |
| Expense Categorisation | No |
| Automated Transaction Matching | No |
| Mileage Tracking | No |
| AI Auto-Categorisation | No |
Reporting & Tax Forecasting
flonancial: Submission Receipts Only
flonancial generates a downloadable PDF receipt after each submission to HMRC, including the HMRC confirmation correlation ID, the exact figures submitted, the period covered, and the date and time of submission. There are no financial reports, no P&L, no balance sheet, no dashboard, and no tax forecasting. The platform's output is a submission record, not a financial report.
| Feature | flonancial |
|---|---|
| Profit & Loss Report | No |
| Balance Sheet | No |
| Trial Balance | No |
| Dashboard/Overview | No |
| Real-Time Financial Data | No |
| Cash Flow Reporting | No |
| Tax Estimate/Forecast | Yes |
| AI-Powered Features | No |
Collaboration & Mobile Apps
flonancial: Single-User, Browser-Only, Email Support
flonancial is a single-user, web-based tool accessible via any browser. There is no mobile app, no accountant portal, no multi-user access, and no agent filing capability. The product is designed for the individual user to manage their own MTD submissions directly. Support is by email only and the founders state they read every email. There is no phone or chat support.
| Feature | flonancial |
|---|---|
| Accountant/Advisor Portal | No |
| Multi-User Access | No |
| Agent Filing on Behalf | No |
| Bank Integration | No |
| Platform | Web browser only |
| Web Browser Access | Yes |
| FCA Regulated | No |
| GDPR Compliant | Yes |
Ease of Use, Support & Security
flonancial's Ease of Use
flonancial is arguably the simplest MTD tool available — the entire submission process is designed to take minutes. The interface is clean and modern, with a live demo available before account creation. Support is email-only (hello@flonancial.co.uk) with the founding team reading every email. Privacy is by design: the spreadsheet is processed locally in the browser and never leaves the user's device. The platform is GDPR-compliant and ICO-registered (ZC141107). There is no encryption stated beyond the HMRC OAuth connection and standard HTTPS.
| Feature | flonancial |
|---|---|
| Phone Support | No |
| Chat Support | No |
| Email Support | Yes |
| Help Centre/Knowledge Base | Yes |
| FCA Regulated | No |
| Enterprise-Grade Security | No |
Unique Features only flonancial Offers
Permanently free — no conditions, no exceptions
flonancial is free with no strings attached. No qualifying bank account, no turnover cap, no property limit, no trial period, no subscription. The core MTD submission functionality: quarterly updates and, when available, the Final Declaration is committed to being permanently free.
Keep your existing spreadsheet — no migration required
flonancial is the only MTD-recognised option that lets you continue using your existing spreadsheet exactly as you do now. Upload your .xlsx, .xls, .csv, or .ods file, pick the cells with your totals, and submit. No new system to learn, no data to migrate, no disruption to your existing workflow.
Exceptional privacy by design
flonancial's spreadsheet is processed entirely in the user's browser, it never reaches flonancial's servers. Only the summary totals you choose to submit to HMRC are stored. No individual transactions, no bank details, no spreadsheet data. No ads, no tracking cookies, no data selling. For landlords with strong data privacy preferences, this architecture is a genuine differentiator.
Free standalone income tax calculator
flonancial provides a free self-employed tax calculator for estimating income tax and National Insurance liability for 2026–27. This is available without creating an account and is a useful planning tool for sole traders and landlords who want a quick estimate before filing.
Zero implementation friction
Create an account, connect to HMRC via OAuth in one click, upload a spreadsheet, and submit. The entire process can be completed in minutes with no setup, no configuration, and no learning curve. For a landlord who simply needs to meet a quarterly deadline without any of the overhead of a full accounting system, this simplicity is valuable.
Who should choose flonancial?
flonancial is the better choice for:
Sole traders and landlords who already keep a spreadsheet and just want a free way to submit
If your finances are straightforward, you already track income and expenses in Excel or Google Sheets, and you simply need a compliant way to send quarterly totals to HMRC without migrating into a new system. flonancial is purpose-built for you. It is free, private, and takes minutes per quarter.
Landlords with a single UK property and simple finances
A single-property landlord with straightforward rental income and no joint ownership, no HMO, no self-employment, and no foreign income has a limited MTD footprint. If they already manage their own accounts in a spreadsheet, flonancial covers their quarterly submission obligation for free, though they will still need to handle the Final Declaration separately until April 2027.
Users who want maximum data privacy
flonancial's browser-only architecture where the spreadsheet is never uploaded to any server, is the most privacy-preserving MTD submission approach currently available. For users who handle sensitive business data in their spreadsheets and do not want it leaving their device, this is a meaningful advantage.
Landlords using flonancial as a low-cost backup submission tool
Landlords using another platform as their primary system may find value in having flonancial as a free backup if their main software has issues at a quarterly deadline, flonancial provides a quick, free fallback submission route for their spreadsheet-held figures.