About FinancePal
Expert Review
Pros
Cons
Plans And Pricing:
FinancePal offers a free trial to test drive their services before you pay.
FinancePal is most known for providing custom quotes to each customer. You pick and choose which services you’d like FinancePal to provide you, provide them with information about your business (industry, products or services, etc.), and it prices accordingly.
With that said, it has two preset plans that cover their customers’ most common accounting and bookkeeping needs.
Customer Support
FinancePal pairs you with one of their professionals when you first begin working with them — providing you an unparalleled customer experience. Your FinancePal professional learns the nuances of your business and situation, then works with you on your accounting and tax issues.
Additional customer support:
Blog
FinancePal’s blog covers several small business bookkeeping and taxation subjects.
Features & Functionality
General Features
Catch-Up Bookkeeping
Business often gets in the way of bookkeeping. Fortunately, FinancePal offers catch-up bookkeeping services to clean up your books and get you back on track.
Entity Formation
Picking and setting up a business structure is stressful. FinancePal’s experts provide you guidance on the best structure for your business. Once you’ve chosen one, FinancePal walks you through setting it up — from paperwork to fees to documentation and more.
Income Tax Preparation, Planning, and Consulting
Business taxation is no easy subject. Plus, the IRS likely won’t hesitate to audit you — even if you make an honest mistake.
FinancePal’s professionals help you maintain accurate records and documentation throughout the year and plan for taxes. When tax season comes, It’ll assist you with filing as well. FinancePal can handle taxation for C-corporations, S-corporations, LLCs, partnerships, and more.
FinancePal also provides an online portal in which all your tax information lives. Through this portal, you can check on your returns’ progress and access tax data as needed.
Sales and Use Tax
Sales and use tax is a significant pain for business owners — especially service businesses. In most cases, you owe sales tax on any products you sell. If the sales tax isn’t charged — because you sold in a different state — then you could owe use tax.
FinancePal helps you track and understand your sales and use tax liability and pay the correct amount on time.
Regular Financial Statements
With FinancePal doing your bookkeeping, your financial information will always be dead-on. Moreover, it’ll send you weekly and monthly financial statements. You can keep your finger on your business’s pulse and be confident in your decision-making.
Track Expenses
Tax Preparation
Time-Saving Automations
Add-Ons
FinancePal provides several core services — such as payroll — that would only be add-ons with other products.
Also, FinancePal partners with leading accounting services and software companies such as Quickbooks, Xero, Hubdoc, T Sheets, Bill.com, ADP, and more. Thanks to these integrations, you can pull your data into a single accounting system and get a full view of your finances.
Supported Devices
Ease Of Use:
Many current and former FinancePal customers have claimed in reviews that FinancePal has a guided, hands-on onboarding process. FinancePal’s customer service is also top-notch. The account managers are well-versed in accounting and truly show they care throughout your working relationship with FinancePal.
Verdict:
FinancePal combines software and live service to help small and medium-sized businesses with their bookkeeping and tax issues while providing a personal touch. It offers customizable packages so you can pick the exact services you need.
Additionally, FinancePal makes managing all your finances easy by partnering with several industry-leading accounting solutions. The FinancePal team comprises knowledgeable, friendly experts committed to improving your business’s financial health. If you’re looking for a solution that mixes software efficiencies with the personal touch of live professionals, consider FinancePal.
User Review
Write a Review- I like that everything’s customized based on our needs.
- When I first found them and wanted to try it, I had to speak with a sales rep before starting the free trial.
- Like that I could pick and choose which services we wanted instead of getting an all-in-one solution.
