Nella for FreeAgent

What it reads

What Nella reads from FreeAgent

• Monthly profit and loss, by section
• Balance sheet position
• Bank reconciliation status, so unreconciled items are visible rather than silent
• A profit-and-loss category breakdown and a summary trial balance
• Month-by-month trends, so you can see what changed and when

Nella’s FreeAgent connection reads profit and loss, balance sheet, a category-level chart of accounts and a summary trial balance, reconciliation status and monthly trends. Some of this is partial by design — FreeAgent’s trial balance gives totals without a debit and credit split, and several account groups arrive without a category over the API — so Nella shows what it can and says where a figure is incomplete. Two things are not read yet: transaction-level ledger lines, and aged receivables and payables. For those, Nella tells you it cannot assess them rather than implying nothing is owed.

In practice

Questions you can ask

• “How much cash will I have at the end of next month?”
• “What is my profit this quarter versus last?”
• “How has my cash position moved over the last six months?”
• “What changed in my numbers between last month and this?”

Nella provides financial information and education, not accounting or tax advice.

Setup

How to connect FreeAgent

The boundary

What Nella cannot do in FreeAgent

There is a fixed list of things Nella does not do in FreeAgent — not as a setting you could change, but because the permission is never requested.

• Create, edit, void or delete invoices, bills, expenses or journals
• Explain or reconcile bank transactions, or change how anything is categorised
• File a VAT return, or submit anything to HMRC or Companies House
• Move money, pay a supplier or set up a payment
• Change your accounts, settings or user permissions

More detail on the security and data page.