Accounting & Bookkeeping are critical parts of any organization. Any irregularities or mismanagement in accounting & Bookkeeping can make or break your business.
Unfortunately, hiring a team of professionals to accomplish these tasks can be too costly, especially for startups, Entrepreneurs & Small & Medium Businesses (SMBs).
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This is where online bookkeeping service comes to the aid of such SMBs. These agencies have a team of vetted professionals that can take care of all your accounting needs.
By hiring them, you can divert a lot of your time & resources to focus on your core business.
In this article, we are going to talk about one such agency, FinancePal. In his exclusive FinancePal review, we will talk about what services they offer, what are the pros & cons of hiring them, what’s their pricing & is it a suitable choice for your business?
So, without much discussion, let’s jump right to the core questions.
On this page
What is FinancePal?
FinancePal is an online Accounting & Bookkeeping service providing agency. Their core target audience includes Entrepreneurs, SMBs, & Startups that do not have dedicated Accounting infrastructure.
As an entrepreneur or Small Business owner, it might be overwhelming to manage all the aspects of accounting for you. It needs a lot of time & effort to do so.
But the services from FinancePal can manage everything from accounting to bookkeeping for you. They have a dedicated team of Tax practitioners & CPAs that offer tier-1 services to their clientele.
In a nutshell, FinancePal is a solution to all your bookkeeping & Accounting needs.
What are the critical services offered by FinancePal?
FinancePal offers comprehensive Accounting & Bookkeeping Services to streamline your business.
Let’s take a look at a few of them.
FinancePal offers tailored accounting services that cover all your accounting needs.
Once you are on board with them, you get access to a dedicated accounting team that manages every accounting detail for your business.
They offer comprehensive Finance statements, business insights & recommendations too that can help grow your business.
You can check all your Finance details on the go so that you can stay updated about your business’s Finance status.
FinancePal specializes in offering custom Bookkeeping services, especially to businesses with small budgets & Startups.
These services are can fully customized for your particular business & budget. You pay only for the services you choose.
As an added benefit, you also get feed-backs & recommendations from their team along with business projections.
As an employer, you must maintain transparent payroll records of your employees. Efficient Payroll Management services are vital for the sustainable growth of your business. You have to ensure all your employees submit & receive the necessary forms during the employment cycle.
FinancePal excels in this field offer the best Payroll Management services in the Market. Their online payroll feature ensures you stay on top of your Payroll management effortlessly.
The automated bill payment services from FinancePal streamline your Account Payables. It saves you a lot of time & effort so that you can divert your resources to other productive tasks.
The team of professionals is always available to assist you whenever you get to stick with your bill payments.
The whole system is designed to tackle all the challenges faced by Entrepreneurs & SMB owners.
Payments are the ultimate fuel that keeps any business running. Unfortunately, that’s where a lot of businesses fail, especially Entrepreneurs & SMBs. As they do not have a definitive accounting infrastructure, their Payment Management becomes challenging.
But, FinancePal has a solution for this significant challenge too. Their Account Receivable module is designed to make Payment Collection easy for Business Owners. It makes the task of bill-collection super easy & you can keep your business running.
Tax Preparation Services for SMBs
Taxation is one of the most complex parts of doing business. Managing it can put a lot of stress on you &, ultimately, your business.
But, the Tax Preparation Service module from FinancePal can take care of this issue. These services ensure you manage and fulfill all your tax obligations & don’t have to get into trouble with the IRS.
What are the features of FinancePal?
Now let’s take a quick look at the features of FinancePal:
- Billing & Invoicing
- General Ledger
- Expense Tracking
- Accounting Services
- Payroll Management
- Account Payable
- Account Receivable
- Sales Tax Consulting
- Tax Consultation
- Tax Preparation
- Preparation of W-2s, 1099s, with other relevant tax forms
- Balance sheet preparation
- Entity Formation
What are the pros of using FinancePal’s services?
FinancePal comes with a lot of pros. We have listed some of them below:
- Intuitive & Easy UI (User Interface)
- Tier-1 Finance Reporting Services
- Precise Data recording & reporting
- Easy to use & Understand
- A Dedicated Team of Professionals for assistance
- Offers a detailed insight into your business’s Finance Health
- Dedicated Account Manager
- Perfect Choice for Startups, Entrepreneurs & SMBs
What are the cons of FinancePal’s services?
During our review, we did not find too many limitations with FinancePal. But, we think a couple of things can be improved. Let’s take a look at them:
- Their Finance services are designed primarily for SMBs & entry-level Businesses
- Custom pricing feels confusing sometimes.
What is the pricing structure of FinancePal?
Now let’s take a look at the FinancePal Pricing structure. FinancePal offers fully custom pricing for each business. Depending on your specific need, desired service & scope of business, you get a custom quote. But the pricing starts from $150/mo.
Such flexible FinancePal Cost ensures you don’t pay for the services that you don’t use.
You can get a custom quote for their services here.
They also have “À la carte Options,” where you can avail an all-inclusive package based on the services you need.
Is FinancePal the right choice for you?
FinancePal is designed to assist Small Businesses, Entrepreneurs & startups specifically. So it’s understandable that their services are suitable for these types of businesses only.
If you are one of them & are tired of spending hundreds of hours on your Accounting, Bookkeeping, Taxation, Payroll Management & other compliances, then YES, FINANCEPAL IS DEFINITELY A RIGHT CHOICE FOR YOU.
Their services will take care of all the above needs, minus all the hassle.
Look, every business is unique in its way. So it’s obvious that it needs tailored accounting & Bookkeeping solutions. And FinancePal caters explicitly to such custom accounting needs.
Based on its services, pricing & flexibility, it can surely help streamline your business.
Just visit this link to know more about FinancePal.
Is Financial Pal a suitable option for my Start-up?
Absolutely! FinancePal is specifically designed to assist SMBs, startups & Entrepreneurs. So if you fall into any of the above categories, FinancePal is surely a suitable option for you.
How much will FinancePal cost me?
FinancePal offers custom pricing that depends on the services you choose. Although there is no fixed price, their custom services start from $150/mo. You can visit their website here for more information.
Will I get a dedicated accounting advisor?
Yes, FinancePal offers a dedicated team to each client. So you can expect a dedicated Accounting Advisor.