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The first time you log in, Penzum walks you through a short setup flow. Completing all the steps ensures that your tax estimates are accurate, your dashboard reflects your actual business situation, and any integrations you rely on are ready to use straight away. The whole process takes about five minutes.
1

Choose your tax form

Select the tax form that applies to your sole trader registration. This choice determines how Penzum calculates your estimated tax burden — so it is the most important setting in the app.If you are unsure which form applies to you, check your registration documents or ask your accountant before proceeding. You can update this setting later under Settings → Tax form, but changing it mid-year will affect historical estimates.
See the Tax Form guide for a full explanation of átalányadó and KATA, including key characteristics and annual revenue limits.
2

Select your business type

Tell Penzum how you operate your business. This affects which social contribution rules apply to your estimates.
Business typeWhen to choose this
Full-timeYour sole trader business is your only or primary source of income — you have no active employment contract.
Part-timeYou run your business alongside an active employment contract with another employer.
RetiredYou operate your business while receiving a pension.
If your situation changes — for example, you leave employment and switch to running your business full-time — update this setting promptly so your estimates remain correct.
3

Connect your invoicing software (optional)

Linking your invoicing account lets Penzum import your issued invoices automatically. Without this connection, you can still add income entries manually, but the sync saves time and reduces the risk of missing an invoice.Penzum currently supports two invoicing platforms:

Számlázz.hu

Connect your Számlázz.hu account to sync invoices automatically. Follow the step-by-step connection guide.

Billingo

Connect your Billingo account to import invoices into Penzum. Follow the step-by-step connection guide.
You can skip this step and return to it later under Settings → Integrations.
4

Connect your bank account (Navigator only)

Bank connection enables automatic import of your transactions, making expense tracking largely hands-free.
Bank sync is available on the Navigator plan only. If you are on Compass, this step will not appear during setup. You can upgrade at any time under Settings → Account.
Penzum requests read-only access to your bank account — it can view transactions but cannot initiate any payments or transfers on your behalf.For a full walkthrough of the connection process, see the Bank connection guide.
Once setup is complete, your dashboard will show a live tax estimate and your upcoming obligations. Return to Settings at any time to update any of these choices.