Summer Release 2025: What’s New in Formations

Highlights:

1. Invoicing – Manage your entire payment cycle within Formations. Read more here.

2. Categorization Rules – Automate recurring transaction categorization. Read more here.

3. Max AI – Get instant help and answers right inside your account.

4. User Invites – Add and manage users with flexible permissions. Read more here. 

Invoicing

Billing and collection are a big part of any business, especially for a business-of-one. While corporations sometimes employ entire teams for the purpose of billing and collection, the self-employed business owner needs to handle this task on their own. With Formations' new invoicing feature, you can now create, edit, adn send invoices for both one-time payments and recurring payments, as well as collect payments and report on payment collection all from your Formations account. 

The feature is available at no additional cost to all Formations customers who are active on the app before 2026. 

Read more on how to set up and manage your Formations invoices here. 

Categorization Rules

As a solo business owner, you are trying to save as much time as possible on work that is not directly contributing to your bottom line. With Formations, most of your financial management is taken care of, but the occasional transaction categorization, especially the "unknown transactions" classification, still remains. The new Categorization Rules feature is designed to chip into those tasks as well. With Categorization Rules, you can request rules to automatically categorize transactions so you don't need to do it every time. You can request income and expense rules, as well as review all your existing rules and communication with your Formations team about specific rules. 

This feature is available at no additional cost to all Formations customers. 

Read more about categorization rules here. 

Max AI

Max, your Formations AI assistant, is now live in your Formations account to help give you quick answers, create tickets or leave messages for the team, or connect you with live support. Max is our first customer-facing AI feature and we are starting with a "read-only" implementation before allowing Max to take actions on your behalf. 

Max is available to all Formations customers and can be accessed directly in your Formations account. 

Try Max today and let us know what you think.

User Management

Even though you might be the sole owner of your business, you still want to give access to others to your Formations account. Starting today, you can add an unlimited number of users to your Formations account at no additional cost. Formations now support multi-user access with basic permissions for View only and Admin. You can invite, edit, and remove users from your account by going to your User Management page.

Read more about User Management here and start adding users today. 

What the Summer Release Webinar