A Comprehensive Review: Fiduli, the Swiss Accounting App

Fiduli, an accounting and invoicing app, was designed with Swiss SME's in mind. Its journey began in 2021 when Maxime Droubi, its founder, first developed it at the EPFL (École Polytechnique Fédérale de Lausanne). Despite Droubi's subsequent departure to work for another company, the software continues to function.

The core functionality of Fiduli, as laid out on their website, spans across several key areas:

• Bank sync: The app has the ability to automatically connect and sync with your bank account, keeping your records current.
• Invoicing: Fiduli promises ease in generating and dispatching invoices to clients. It also includes the feature to monitor payments and to send reminders for overdue payments.
• Expense tracking: It offers a mechanism to monitor your expenditures, helping you to stay within your budget. You can categorize expenses, annotate them, and attach receipts.
• Reporting: The app provides various reports to monitor your financial performance, ranging from income and expenses to taxes and beyond.
• Collaboration: A feature for real-time collaboration is available where you can share documents and data with your accountant or bookkeeper.
• Customization: Fiduli allows customization to cater to your specific business needs, whether it's creating tailored reports, adding your business logo, or setting up user permissions.
• Support: The app offers round-the-clock support, providing assistance through phone, email, or chat.

Pricing & Cost

In terms of cost, Fiduli offers a 30-day free trial. Once the trial period expires, you can opt for a subscription. The monthly plan is priced at CHF 24, while the annual plan will set you back CHF 250 per year.

Limitations

Despite its robust feature set, Fiduli has some limitations. The primary drawback being its complexity. Its interface lacks the intuitive nature found in some of its counterparts, potentially causing difficulties for first-time users.

Moreover, compared to other accounting apps, Fiduli's feature set may seem lacking. The lack of built-in time tracking and project management tools can prove inconvenient for businesses requiring these functionalities.

A few more restrictions that potential users should be aware of are:

• Customer support: Despite the advertised 24/7 support, getting in touch with a customer service representative can be a challenge, often involving extended wait times.
• Absence of a mobile app: Fiduli does not come with a mobile app. This omission could prove inconvenient for businesses needing to manage their finances on the move.
• Incompatibility with certain banks: Fiduli doesn't support all banks. If your bank falls into this category, the automatic transaction sync feature will be of no use to you.

Furthermore, Fiduli might not be the best choice for the self-employed due to its complexity and inclusion of many features that may not be relevant to this group.

In conclusion, Fiduli does offer a range of accounting features. However, its complexity, limited customer support, and missing features such as a mobile app and universal bank compatibility might make it a less attractive option compared to other available alternatives in the market.