nibi

Product Introduction

1. nibi is a financial management platform designed for Canadian freelancers and solopreneurs to streamline income tracking, expense categorization, and tax preparation. It offers a bilingual (English/French) interface tailored to Canada’s tax system and eliminates complexities associated with corporate-focused tools. The platform integrates mobile and web access with a focus on simplicity, enabling users to manage finances in under two minutes daily.
2. nibi’s core value lies in empowering freelancers to achieve financial clarity through automated tracking, actionable insights, and tax-ready reporting. It reduces administrative burdens by consolidating income, expenses, invoices, and goals into a unified dashboard. The platform prioritizes user control, allowing customization of features to balance simplicity with advanced functionality.

Main Features

1. Income Tracking: Automatically aggregates freelance income from multiple sources into visual dashboards with real-time updates. Users can filter earnings by client, project, or date range and export data for tax filings. The system supports manual entry or CSV uploads, with analytics highlighting seasonal trends and payment delays.
2. Expense Management: Categorizes business and personal expenses using customizable tags, with receipt scanning via mobile app. It generates monthly spending breakdowns and compares actual expenditures against budget limits. Tax-deductible expenses are flagged automatically, simplifying GST/HST or Quebec sales tax calculations.
3. Invoice Tracking: Centralizes invoice creation, delivery, and payment status updates for clients and vendors. Users receive smart reminders for overdue invoices and can export records for accounting. The feature supports multicurrency tracking and integrates with income reports to reconcile unpaid invoices.
4. Budget Automation: Builds dynamic budgets based on historical spending patterns or user-defined limits. The tool alerts users when categories exceed thresholds and projects future cash flow using recurring income/expense data. Budgets adapt to irregular freelance income cycles, offering weekly or monthly views.
5. Tax Preparation: Generates year-end financial summaries compliant with Canadian tax requirements, including T2125 forms. It isolates business vs. personal expenses and calculates quarterly tax estimates. Reports are exportable as PDF or CSV for accountants or software like TurboTax.
6. Goal Setting: Allows users to define savings, debt reduction, or investment targets with progress visualizations. The system auto-allocates funds based on income trends and sends milestone notifications. Goals sync with budget adjustments to maintain alignment with financial priorities.
7. Smart Analytics: Provides predictive insights into cash flow gaps, tax liabilities, and profitability per client/project. Customizable dashboards highlight key metrics like net income, expense ratios, and invoice aging. Data is stored locally with optional cloud backup for cross-device access.

Problems Solved

1. Pain Points Addressed: Freelancers often struggle with disjointed tools for invoicing, taxes, and budgeting, leading to manual errors and missed deadlines. nibi unifies these workflows, automating 85% of financial tracking while ensuring tax compliance. It resolves challenges like categorizing mixed personal/business expenses and estimating irregular income taxes.
2. Target Users: Primarily serves Canadian solopreneurs, independent contractors, and gig workers in sectors like design, writing, and consulting. Secondary users include part-time freelancers with multiple income streams or side businesses requiring simplified financial oversight.
3. Use Cases: A freelance developer uses nibi to track project-based income, claim home office expenses, and calculate quarterly GST payments. A photographer budgets for equipment upgrades while monitoring client invoice payments. A consultant generates annual tax reports in under 10 minutes using preformatted templates.

Unique Advantages

1. Market Differentiation: Unlike QuickBooks or FreshBooks, nibi omits enterprise features like payroll or inventory, focusing solely on freelancer needs. The bilingual UI and Canada-specific tax logic are unmatched in niche competitors like Wave or Zoho Expense.
2. Innovation: Proprietary algorithms auto-sort transactions into CRA-approved categories, reducing manual input. The “toggle-based” interface lets users hide advanced features like multicurrency support or detailed analytics until needed.
3. Competitive Edge: Lifetime pricing ($99.99) guarantees access to future updates without subscription fees, a rarity in SaaS finance tools. Offline functionality ensures usability in low-connectivity areas, critical for freelancers in rural Canada.

Frequently Asked Questions (FAQ)

1. Is there a free plan? nibi offers a 14-day free trial with full feature access, requiring no credit card. Post-trial, users choose between monthly ($6.99), annual ($69.99), or lifetime ($99.99) plans. A limited free tier is unavailable, but trial data persists if upgrading.
2. How does the free trial work? The trial starts immediately after signup, allowing 14 days to test premium features like invoice tracking and tax reports. Users can cancel anytime without charges, and email reminders are sent three days before trial expiration.
3. Do you sell my data? nibi adheres to strict privacy policies, storing data locally on user devices with end-to-end encryption. Financial information is never sold or shared with third parties, as confirmed in its Privacy Policy.
4. Will the prices increase? Current subscribers retain their plan’s pricing indefinitely, even if future rates rise. Lifetime members receive all non-hardware updates at no extra cost, though bank import tools (if added) may require a one-time fee.