In a Nutshell
- Dedicated accounting team handles everything
- Full-service legal and accounting software
- User-friendly mobile and desktop apps
- Can’t get any pricing info without talking to a rep
- Doesn’t handle vendors directly
- Can’t manage purchases from within the software
FinancePal at a Glance
Best for: SMBs, tax compliance, accounting services
Price range: Custom pricing per client, monthly, annual, and a la carte plans
Key features: Bookkeeping, accounting, sales tax, online payroll, entity formation
Apps: Desktop, mobile
Integrations: Quickbooks, ADP, Gusto, T-Sheets, Bills.com, Hubdoc, bank accounts, etc.
FinancePal Ease of Setup and Use
A cloud-based software, Finance Pal is very simple to set up. Send your contact details, and a rep will get back to you. Choose the plan, services, and pricing model you want, and confirm your account. FinancePal will ask you a few questions, e.g., what type of business you run, who your customers are, and how many active employees you have.
Once signed up, you’ll be assigned your own accounting team to work with your business’s finances personally. In addition to taking care of the nitty-gritty details of financial requirements (taxes, accounting, payroll, etc.), FinancePal’s accounting team can offer you valuable insights into your daily and monthly practices. These insights can further lead to useful recommendations to help grow business and improve your ROI.
While you don’t have to do much (your accounting team will really handle most of the work), FinancePal still has an intuitive dashboard that lets businesses check in on their accounts whenever they want. You can easily upload documentation, send out invoices, and review reports. You can also view your finances in a clear and understandable format via the online dashboard.
FinancePal Pricing & Plans
FinancePal has a flexible pricing structure. Plans are tailored to fit the specific business needs of each client, based on the level of service you need. So you don’t end up paying for services you don’t need. Finance Pal has flat-rate monthly pricing, annual, or a la carte services, and it’s easy to scale your plans as your business grows.
Here’s a sample pricing table we generated based on a restaurant of 20+ employees that does not need to pay sales taxes:
Dedicated accounting manager
Monthly and end of year financial statements
Mobile receipt tracker
Everything in Bookkeeping plan
Business tax preparation
Estimated tax payment consulting
FinancePal is a more affordable option than hiring accounting and bookkeeping services individually. Plus, you get the benefit of added services like payroll and a dedicated team to manage your finances.
Possibly the best part of FinancePal is the fact that it gives you a team of accounting professionals to work with. So when you reach out for help, you’re not dealing with a random customer service rep. Rather, you are speaking to a member of your team. Someone who knows exactly what your financial situation is and can answer your questions with the best solutions for your situation. Finance Pal accounting teams are made up of experienced accountants and experts in the field of taxes and finance management. So, you really are in good hands with this company, as everyone on board knows exactly what they’re talking about.
In addition to the help you receive, FinancePal has some convenient features working for you, including:
- General Ledger and Expense Tracking
FinancePal takes care of basic expense tracking with mobile receipt services. It also can help balance your ledgers and manage the day-to-day finances of your business.
- Billing and Invoicing
FinancePal has a dedicated payroll service that allows you to invoice your clients directly online. You can run weekly, bi-weekly, monthly, or semi-monthly payrolls, depending on your business needs. FinancePal will also detail any issues or risks that you’ll want to attend to.
- Bookkeeping services
FinancePal has a range of bookkeeping services, including transaction recording, income statement preparation, and balance sheet preparation. FinancePal also has full-service accounting services. This means that it will take the bookkeeping information it aggregates for you, analyze it, and create a strategy based on that information for greater profit and efficiency. FinancePal employs talented CPAs who have decades of experience in the field of accounting to do this job.
- Tax consulting and management
FinancePal also covers small business tax preparations to ensure that you are always compliant when tax season rolls around. Tax services include checking account reports, quarterly payroll tax returns, and W-2s, 1099s, annual income tax, and other tax form preparation.
Tax consulting services entail an evaluation of your liability for sales and use taxes, full compliance with all government taxes and laws, and Ecommerce tax obligations.
FinancePal also has a convenient e-signature feature available on the mobile app. So you don’t have to waste time getting manual signatures, and this allows you to send information securely.
Finance Pal has partnered with some major business management apps in order to provide a more streamlined service. It’s helpful that you can integrate the system with so many popular tools that you’re probably already using, including project management software, your point of sale system, and Ecommerce platforms. FinancePal works with software such as:
And many more. FinancePal also integrates with your business bank accounts. This way, you don’t have to manually enter data, worry about missed information or redundant data, or switch from one software to another to get a job done. We like how efficiently FinancePal manages it all.
FinancePal Mobile Apps
FinancePal has a full mobile app for Android and iOS devices. The mobile app is very well-designed, making it easy to access the full dashboard from anywhere. Once logged into the app, you can do everything you can do from the desktop app on your mobile devices. This is a real benefit for most small business owners who are constantly managing their businesses on the go.
FinancePal Customer Support
FinancePal has US-based customer support, which is very helpful, considering the fact that accounting and taxes are already a foreign language to most people. Finance Pal support is also available 24 hours a day, 7 days a week, a major benefit when it comes to tax season or when you discover an issue and need it dealt with immediately. You can reach support via live chat, email, and over the phone. FinancePal also has FAQ sections for each of its services, along with a blog.
FinancePal is a great solution for small businesses that simply don’t have the resources to handle their own finances in-house. A dedicated team of accountants will manage all of your books, including tax compliance, payroll services, and general bookkeeping. FinancePal offers tailored pricing, making accounting service affordable for SMBs of every industry.