One world, many views
Mixed in life, separate on record
You pay a company bill with your personal card; the company sends money back to you; the product’s domain is registered in your own name. Selfirm manages it all together and keeps every account, holding and movement attributed to the person or company it belongs to.
Why one record for you and your companies
Accounting software is built around one company. Personal finance apps ignore companies altogether. A founder of a company of one lives in between: one person, one or more companies, accounts in several countries, money flowing between all of them.
Keeping two separate systems means re-entering the same movements twice and never seeing the whole. Merging them into one pile means you can no longer prove which money is the company’s — and in many places that is exactly what protects you from the company’s debts.
Selfirm takes a third way: one world, with every fact attributed. The world is you plus the companies you control. Each account, position and movement belongs to a party, and each view is cut from the same facts.
What works today
Parties
You and each company are separate parties. Accounts and anything else you hold — a domain, a subscription — belong to one of them.
Perspective
Look at everything at once, or switch to one party: the desk, the registry and the figures follow.
Income, expense or transfer
Each movement is classified against your whole world: a salary you pay yourself from your own company is a transfer, not income. Selfirm suggests; you confirm.
Transfers between your own accounts
When money leaves one of your accounts and arrives in another, Selfirm proposes the pair so it is not counted twice.
The views, from one set of facts
The same card payment answers different questions depending on who is asking.
| View | Answers | Status |
|---|---|---|
| Whole world | What do I have in total, across every party and currency? | Works today |
| One party | What does this company hold and what happened to it? | Works today |
| Between you and a company | Who owes whom, and how much — advances, reimbursements, loans | Planned |
| Company books | Double-entry books per company, for its accountant and filings | Planned |
| Business | The real profit of each product, whichever account paid | Planned |
| Tax | What each party must file, where and when | Planned |
| An agent’s view | The part of your world one agent is allowed to see and act on, and what it has done | Planned |
Common questions
Is this a consolidated financial statement?
No. The whole-world view is a management view for you. Company books, when they arrive, are produced per company from the same facts; they are not merged.
Can I keep a company out of my world?
Yes. A company you only hold shares in is outside your world: its shares are an investment you hold, and its dividends are investment income.
Does Selfirm decide what is income for me?
It suggests. A movement only becomes income, expense or transfer on record once you confirm it, and you can see who confirmed what.
Bring your own records along
We are onboarding a small group of founders whose companies, accounts and obligations span countries. Tell us about your setup.