The business current account from Holvi
As Holvi is licensed by the Financial Supervisory Authority of Finland (FIN-FSA), all IBANs of Holvi accounts have Finnish IBANs (with the prefix FI).
The Finnish IBAN is equal to any other IBAN in SEPA and is accepted anywhere SEPA IBANs are accepted. The Finnish IBAN consists of 18 digits: FI followed by 16 numbers. Holvi's BIC is HOLVFIHH.
Please note that Holvi supports only SEPA payments. This means that we only process payments and accept payments made in the Euro currency. Please find more info on the topic here.
You can find more info on our payment processing time for card payments and account transfers here.
The Holvi Business Prepaid MasterCard®
As a Holvi user, you can order your very own Holvi Business Prepaid MasterCard®, which is fully integrated with your account. The card works as a normal debit card, which means it always corresponds with the balance on your Holvi account. .
If you are using Holvi’s Grower pricing plan, your first card is included at no extra cost.
If you are using the Starter plan or want to order extra cards, the fee for extra cards for an account is €5.
You can read more about the Holvi Business Prepaid MasterCard® here.
Invoicing with Holvi
You are also able to collect funds using Holvi’s invoicing feature. If you are using Holvi’s Grower pricing plan, the invoicing is included with your plan – you can start invoicing right away by adding your business information in the invoicing settings. Once you have added your info, you are ready to send your first invoice with Holvi.
If you are using Holvi’s Starter plan, you can get the invoicing tool as an add-on feature. To enable this add-on, simply visit your profile and activate invoicing in the left-hand navigation menu.
You can find more information about how to set up invoicing here.
Your Holvi account includes automated financial reports and receipt management.
The bookkeeping preparation in Holvi is built using income and expense categories. It is a good idea to create these categories together with your bookkeeper or accountant so that the relevant categories are already in place during the first transactions. The income and expense categories form the base of the financial reports in Holvi.
It is often a good idea to invite your accountant to access the account. This way she/he can log in and fetch receipts and reports as needed. Another possibility is to upload reports, receipts and invoices to your Dropbox account using the Holvi exports app. Here, your accountant can access the files directly.
You can access the following reports from Holvi, arranged by date:
- Account statement
- Service fee receipt
- Income statement
- Invoicing report (List of invoices and invoice status)
- Ledger (Events separated in income and expense categories, VAT separated)
- Journal (Events in chronological order, VAT separated)
- VAT report
Please find more information about bookkeeping reports here.
Managing users on your account
As the creator of your Holvi account, you can invite multiple users while having full control over your account. This means that you can give your bookkeeper access and avoid extra paperwork with just a few clicks.
To find more information on user roles, and how to invite users to your account, please click here.