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FinancePal Review – Features, Pricing, Pros & Cons

FinancePal is an automated accounting tool that offers a comprehensive financial package to small and medium-sized businesses (SMBs). Its range of services includes bookkeeping, payroll, accounting, tax preparation, and more.

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  • User-friendly tools & interfaces
  • Straightforward reporting
  • Tax preparation service
  • All-in-one outsourcing solution
Overall Rating

Best All-in-one Outsourcing Solution for Small Business

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Pros & Cons


  • Dedicated financial team
  • Comprehensive bookkeeping and accounting solution
  • User-friendly apps
  • Online payroll services


  • It suits only small businesses
  • Limited third-party add-ons

Keeping tabs on your business financial records is hectic and requires deep knowledge of financial matters. Unfortunately, most SMBs lack the expertise and the resources to manage their finances.

If you’re struggling with complex financial aspects of your business, why not outsource your financial accounts to experts? FinancePal has a dedicated team of CPAs, tax professionals, and other experts who can help your company meet its bookkeeping, accounting, and payroll needs.

This all-in-one accounting software allows you to efficiently run your business without worrying about the state of your financial records.

Learn more about this cloud-based software in this FinancePal review.

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Quick Summary

Service: Financial Outsourcing Services

Pricing: Must get a quote

Promotion: No current promos

About FinancePal

FinancePal was founded in 2015 by Jacob Dayan and Nick Charveron. It’s an expansion of Company Tax, a company that only focused on providing IRS solutions. FinancePlan goes beyond taxes to offer a full range of financial services.

This cloud-based software offers affordable financial services like bookkeeping, payroll, accounting, and tax preparation. That’s why many SMBs depend on FinancePal to meet their financial and tax obligations. 

Apart from bookkeeping and accounting tools, this vendor provides a dedicated team of financial experts, CPAs, and tax professionals. When you sign up, you can rest assured you’re working with a team well-versed in financial matters.

Setting up an account with FinancePal is straightforward. You need to reach out to their rep and discuss your business needs and the pricing model. Afterward, FinancePal will assign you a dedicated team to work on your company’s financial health.

The team will take care of your financial records and offer insights to help grow your business.


FinancePal prides itself as a one-stop-shop for all your company’s financial and accounting needs. Below is a comprehensive set of solutions this vendor offers.

Bookkeeping and Accounting

Many SMBs struggle with their bookkeeping. This is because bookkeeping is time-consuming and requires a certain level of expertise. Luckily, FinancePlan provides a wide range of bookkeeping and accounting services.

Some of the tasks this vendor provides include:

  • Income statement preparation
  • Transaction recording
  • Balance sheet preparation

Online Payroll Solutions

FinancePal provides flexible payroll solutions for businesses in any industry. When you outsource this service, you can expect this vendor to handle everything related to payroll. Here are some of the benefits you will get.

  • Automated data collection for quick payroll processing
  • Schedule and invoice creation
  • Analysis of your accounts
  • Access to experienced payroll professionals
  • Identification of tax-saving opportunities

The vendor offers options to run weekly, bi-weekly, and monthly payrolls. As an employer, you have to maintain accurate payroll records. This tool allows you to handle your payroll obligations with ease.

Tax Preparation

Every business in the USA needs to be tax compliant. Failure to file taxes or late filing could land your company into trouble with the IRS. With that said, tax laws and obligations tend to be complex. And that’s what FinancePal aims to solve.

The vendor combines innovative tools and tax professionals to offer stress-free tax preparation. The dedicated tax team will start by evaluating your company’s tax liabilities. They will then proceed and optimize your tax savings.

Once they maximize your tax deductions, they will help file your business taxes. Of course, the tax experts do everything correctly and on time. The online tax tool allows you to monitor tax-related activities like sales tax and expenses.

FinancePal tax experts can help your business prepare:

  • Quarterly and annual payroll tax returns
  • Annual income tax returns
  • Tax forms like 1099 and W-2

The tax preparation service suits any business, be it a sole trader, partnership, LLC, corporation, or non-profit. Besides tax filing, the experts at FinancePlan will offer tax advice for the next quarter.

Accounts Payables and Receivables Services

FinancePal can help your business manage its accounts receivables and accounts payables. Thanks to the vendor’s advanced technology, you can easily invoice your customers and track payments to suppliers.

The vendor allows you to integrate third-party tools that manage your invoices and records. You can seamlessly connect your dashboard with tools like Quickbooks.

If you need more help outsourcing your accounts, you can work with a team of financial experts. The experts can follow up on late payments or help set up automated bill pay. In the end, you have more control of your cash outflows and inflows.

Business Formation

Another excellent service that FinancePal offers is business formation. Forming a new entity isn’t always straightforward. There are legal technicalities you should be aware of and a lot of paperwork. However, this vendor can simplify the business formation process.

With FinancePal, you can look forward to the following services.

  • Business registration with local and state agencies
  • Acquiring Employer Identification Number (EIN)
  • Understanding the business’s liability
  • Opening a business account
  • Finding contacts to draft


One hallmark of a good bookkeeping site is the capability to integrate with other software products. That’s what you get with FinancePal.

If you work with in-house payroll, HR, accounting, time-tracking, or data management software, you can easily integrate them with FinancePal.

Currently, the vendor supports tools like:

  • Quickbooks
  • TSheets
  • Gusto
  • ADP
  • Hubdoc
  • Bill.com

How Much Does It Cost?

FinancePal doesn’t offer a rigid pricing structure on its website. Instead, the company focuses on tailor-made pricing plans to suit individual business needs. This means you don’t have to pay for the services you don’t require.

You have to contact the vendor to receive a custom quote. The price you pay will likely depend on whether you need an all-inclusive package or a specific service.

This FinancePal review found out the vendor charges $205 per month for essential bookkeeping services and $280 per month for tax-related services.

The basic bookkeeping plan comes with features like:

  • Account reconciliations
  • Dedicated manager support
  • Mobile receipt tracker
  • Financial statements (monthly and annually)
  • FinancePal basic tax plan has the following features.
  • Tax advice for sales taxes
  • Small business tax preparation
  • Business tax filing

Who is FinancePal Best For?

FinancePal best suits small and medium-sized businesses that struggle to maintain financial records.  Entities with less complex finances can benefit from the vendor’s bookkeeping, accounting, and payroll services.


Can you trust FinancePal services?

Yes. The financial services from FinancePal are dependable. The vendor provides accurate and on-time bookkeeping, accounting, payroll, and tax preparation services.

All this is made possible through cutting-edge technology and a dedicated team of CPAs and tax experts. The eSignature feature allows you to communicate with the company’s professionals securely.

Is FinancePal good for accounting and bookkeeping?

When it comes to accounting and bookkeeping services, few companies can rival FinancePal. The company can handle tasks like balance sheet preparation, transaction recording, payroll, and tax preparation.

The vendor’s bookkeeping services can help streamline your business’s finances. You’ll have better control of your records since every financial data is centralized.

Are FinancePal services easy to use?

FinancePal services are easy to use. You can monitor and control financial reports utilizing a dashboard.  The platform is easily accessible through a browser, Android app, or iOS app.

Does FinancePal work with Quickbooks online?

Yes. You can integrate FinancePal with Quickbooks.

FinancePal Alternatives

quickbooks online

QuickBooks Online Logo
  • Live bookkeeping
  • Accounting for businesses
  • Free 30-day trial


Freshbooks logo
  • Easy invoicing
  • Insightful time tracking
  • Free 30-day trial


Bench logo
  • Dedicated bookkeepers
  • Tax prep & filing
  • Free 30-day trial

Should I Use FinancePal Services?

This FinancePal review recommends FinancePal to small businesses lacking the resources to manage their in-house finances. It’s simple to use and has a dedicated team of experts who can handle bookkeeping, accounting, payroll, and tax preparation tasks.

Sign up to FinancePal today and simplify your business finances.


FinancePal is a full service bookkeeping and accounting company specializing in secure cloud-based accounting serving small and medium sized businesses.

FinancePal icon
  • Editor Rating
  • Rated 4.5 stars
  • 80%

  • FinancePal
  • Reviewed by:
  • Published on:
  • Last modified: August 28, 2021

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