Sub Accounts


Close your books faster by automating your receivables 

Mass Payments
 

Better manage your payments flow

  • Compartmentalise your receivables that mirrors your account ledger to speed up reconciliation
  • Each sub-account has a dedicated IBAN linked to it
  • Receive and send SEPA, Faster Payments, ACH and International payments

More control and tracking

  • Set the necessary access level and permissions among your team for each sub-account
  • Separate reporting for each sub-account
  • Set aside departmental budgets for ease of management
Simplify Reconciliation
 

How it works

Step 1

Step 1

Create a dedicated multi-currency account in the currency you need.
Step 2 fyorin

Step 2

Set up  sub-accounts that mirror your accounting ledger or to help you easily segregate your cash flow.
Step 3 fyorin

Step 3

Start receiving payments into the sub-accounts directly. Each sub-account comes with its own IBAN.

 

FAQ's

What are sub-accounts?

Sub-accounts help you to save time during reconciliation. Instead of all your receivables flowing into one account, these can be compartmentalized into different sub-accounts. You can assign sub-accounts that mirror your accounting ledger or to clients, departments or anything that will help you to better manage your incoming or outgoing flow of funds.

Can sub-accounts be created to manage departmental budgets?

Yes, you can create sub-accounts as you need. For each sub-account, you can set the necessary permissions among your team members. For instance, you may want to create a payroll sub-account so that only a specific set of people would have access to.

What clients say about us...

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“Fyorin has helped us save plenty of time through the use of virtual cards - an easy way to manage company spend - whilst also allowing us to empower our people and speed up approval process. Highly recommended if you're looking for a simple solution to every day finances.”

Patrick
Patrick Cutajar

Managing Director, EyeTech

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“I hired Fyorin as my banking partner because of their efficient and fast onboarding process, user-friendly banking platform and professional customer service. Fyorin has removed all barriers a start-up would otherwise experience in a traditional banking environment.”

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Nicholas Borg Calleja

Founder, Marine Hound

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“When you are a small startup your partnerships become very important, and you want service providers that work as hard as you do. In Fyorin we found a local partner that was determined to understand our business and build with us. We found their team to be responsive and willing to work around the clock to address any issues, and this made a big difference to us.”

Mathias Dybvik

Managing Director, Moorland

Start simplifying your

finance operations today

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