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Finaloop Review

Finaloop
Our score: 8.0 User satisfaction: N/A

What is Finaloop?

Finaloop is a bookkeeping solution designed specifically for e-commerce brands. Real-time financial reconciliation allows it to give e-commerce and DTC brands spotless books, optimized tax filings, and useful insights around the clock. It can serve as your bookkeeper, integrations, accounting software, and tax CPA all at once. By making wiser decisions and paying taxes on time, the platform reduces the likelihood of squandering the time and money of e-commerce businesses.

You can connect your banks, business apps, credit cards, and loans with Finaloop, syncing all your data so that it is all in one location. The platform has all the tools you require to manage the financial operations of your company and gain real visibility, including, but not limited to, P&L and balance sheet, inventory monitoring, multi-channel orders, invoices and bills, KPIs, tax-saving solutions, professional assistance. Additionally, it provides you with access to federal, state, and comprehensive tax planning insights.

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Overview of Finaloop Benefits

Always-Ready Books

When you subscribe to Finaloop, you not only get the accounting and automation power for the software but you are also backed by their human experts with big know-how in bookkeeping and e-commerce. By giving your company flawless books, actionable data, real-time reports, tax returns, sales metrics, and more, you’ll have everything you need to make smart financial decisions, increase sales, and outperform the competition.

Tax Management

With the annual federal business income tax return preparation, form 1099-NEC preparation, and state income tax preparation (up to 1 state), all of which are ready for e-filing, Finaloop helps you breeze through tax season. Additionally, you learn about state and federal tax returns, tax planning insights, and tax deduction optimization.  Finaloop professionals will evaluate your tax-related data and offer assistance as needed to give you further assurance that everything is in order.

Seamless Business Apps Connection

You can link your apps and create an account with Finaloop in just 15 minutes. It supports seamless integration with a wide variety of business apps such as e-commerce platforms (Shopify, Etsy, Amazon, eBay, Walmart, WooCommerce) and payment gateways (Shopify Payments, Authorize.net, PayPal, Stripe, AmazonPay, Afterpay, etc.). The platform even connects with different banks and cards like Wells Fargo, Capital One, Chase, and Bank of America.

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Overview of Finaloop Features

  • eCommerce focused P&L
  • Cash Flow Vision
  • Tax Ready Financials
  • Automated Account Reconciliations
  • Inventory Tracker
  • Dedicated Bookkeeping Team
  • Tax Deduction Optimization
  • Accrual/Cash Basis Flexibility
  • Sales Tax Liability Tracking

Awards & Quality Certificates

An award given to products our B2B experts find especially valuable for companies

Finaloop Position In Our Categories

Keeping in mind businesses have their own business needs, it is only logical that they steer clear of subscribing to an all-in-one, ideal system. Nevertheless, it is almost impossible to pinpoint such application even among widely used software products. The rational step to do can be to list the various significant aspects that merit careful thought such as key features, budget, technical skill aptitude of staff members, company size, etc. After which, you should conduct the product research fully. Have a look at some of these Finaloop review articles and look over each of the applications in your list in detail. Such all-encompassing research guarantee you stay away from unfit applications and subscribe to the one that provides all the benefits your company requires for optimal results.

Position of Finaloop in our main categories:

TOP 500

Finaloop is one of the top 500 Accounting Software products

It's important to note that virtually no service in the Accounting Software category is going to be a perfect solution able to match all the needs of different company types, sizes and industries. It may be a good idea to read a few Finaloop Accounting Software reviews first as specific services can excel exclusively in a very narrow set of applications or be designed with a very specific type of industry in mind. Others may work with a goal of being easy and intuitive and therefore lack complex features needed by more experienced users. There are also apps that focus on a broad group of customers and provide a powerful feature base, however this usually comes at a more significant cost of such a software. Ensure you're aware of your needs so that you choose a service that has all the elements you look for.

How Much Does Finaloop Cost?

Finaloop Pricing Plans:

Free Trial

Finaloop

Starts at $65/month

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What are Finaloop pricing details?

Finaloop Pricing Plans:

Free Trial

Finaloop

Starts at $65/month

Finaloop’s enterprise pricing is dependent on your projected revenue for the year. It starts at $65/month for $100K up to a custom pricing solution for $10M annual revenue. You can also choose to opt-in for the full-service tax solution which increases the price per month. A 14-day free trial is available.

Finaloop – Starts at $65/month

  • Unlimited Integrations with your banks & platforms
  • Accrual/cash basis flexibility
  • Always up-to-date P&L & balance sheet
  • Cash flow vision
  • Real-time transaction categorization
  • Year-end tax-ready financials
  • Inventory tracker
  • Automated account reconciliations
  • View and status of multichannel orders
  • Invoices and bills issuance and reconciliation
  • Sales tax liability tracking
  • Mileage tracking, home office & other tax optimization tools
  • Dedicated & responsive bookkeeping team
  • Ability to sync to QBO (optional)
  • Annual federal business income tax return prep ready for e-filing
  • State income tax prep (up to 1 state) ready for e-filing
  • Form 1099-NEC prep and e-filing
  • Tax deduction optimization
  • Expert review & support

User Satisfaction

Positive Social Media Mentions 15
Negative Social Media Mentions 0

We know that when you decide to get a Accounting Software it’s crucial not only to learn how professionals evaluate it in their reviews, but also to find out whether the actual clients and businesses that purchased these solutions are genuinely satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Finaloop reviews across a wide range of social media sites. The data is then featured in an easy to understand form revealing how many users had positive and negative experience with Finaloop. With that information at your disposal you should be prepared to make an informed business choice that you won’t regret.

Video

Technical details

Devices Supported

  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Monthly payment

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Finaloop?

Finaloop can seamlessly integrate with a variety of business apps such as:

  • Amazon
  • Shopify
  • Etsy
  • Square
  • Ebay
  • PayPal
  • Afterpay
  • Stripe
  • Payoneer
  • Parker
  • Capital One
  • Avalara
  • Gusto
  • Woocommerce
  • Walmart
  • TaxJar
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Nestor Gilbert

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

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