FinancePal Business Services Logo

FinancePal Business Services

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LAST UPDATED: November 17th, 2021

FinancePal is an accounting service company that primarily works with small businesses. The company is an affiliate of Community Tax, founded in 2010. FinancePal aims to help small businesses with a variety of accounting and tax services, tailored exactly to their needs. FinancePal supports businesses with a large team of licensed bookkeepers, accountants, CPAs, and tax professionals. This team of experts can serve local, national, and international businesses. 

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The Good

  • Customized Pricing
  • User-Friendly Platform
  • Services Offered
  • Industry Partnership Integrations
  • Dedicated Accounting Team

Customized Pricing

FinancePal customizes the pricing of its services based on the needs of the client. Other accounting services provide packaged services, which means small businesses sometimes pay for services they don’t need. With FinancePal, clients can choose comprehensive accounting services or a la carte. Elected services are paid for with a flat rate, billed monthly or annually (depending on client preference). 

FinancePal offers customized pricing because the company understands that different industries have different financial needs. FinancePal specializes in serving the following industries:

  • Agriculture and Farming
  • eCommerce
  • Startups
  • Restaurants and Bars
  • Construction
  • Real Estate Brokers, Agents, and Investments
  • Hotel and Hospitality

Depending on the type of small business you own, the pricing will vary. However, you can rest assured that FinancePal will not make you pay for any services you don’t need. 

User-Friendly Platform

The great news for potential clients is that you don’t need to be a financial expert to use and understand the cloud-based FinancePal platform. The reports curated by FinancePal are simple and straightforward. On the company’s website, it features many screenshots of what the mobile app looks like. The graphs and reports in the app can help you track the financial health of your company, and ensure that you are up to date on all taxes and payroll. 

Services Offered

FinancePal provides all-encompassing accounting and tax services. The company’s website is rather detailed about each service, which helps potential clients know exactly what they might need in working with FinancePal. The following services are offered by the team at FinancePal:

  • Bookkeeping — FinancePal will aid with business projections, transaction recording, income statement preparation, balance sheet preparation, account reports, etc. 
  • Catch-Up Bookkeeping — The team ensures all books are caught up by analyzing bank accounts, credit cards, accounts receivable, accounts payable; identifying missing data, and fixing incorrect entries. 
  • Accounting — Clients can consult with an accountant, receive consistent customer service, access simple reports, and use personalized services.
  • Payroll — The team will help with quick payroll processing, keeping accurate records, and preparing payroll taxes.
  • Tax Preparation and Filing — FinancePal tracks tax related information, gathers documentation (including W-2s, 1099s, etc.), files taxes correctly and on-time, and prepares tax returns.
  • Bill Pay — Using the mobile app, payments are organized in one location, giving clients the ability to securely schedule recurring payments and bills. 
  • Accounts Receivable — The FinancePal app collects customer payments, automates monthly billing, sends payment reminders, and allows for direct payment options. 
  • Accounts Payable — Using the app, access automated data entry, payment approvals, and transaction records.
  • Entity Formations — The FinancePal team advises companies on what kind of entity to form, including helping clients understand liability, rights and responsibilities, state requirements, and contracts. 

Industry Partnership Integration

FinancePal integrates with many of the well known platforms in the accounting industry to best track its clients finances. FinancePal works in partnership with Quickbooks, TSheets, Hubdoc, Quickbooks Time, Bill.com, ADP, and Gusto. In partnership with these different companies, FinancePal is able to help with all aspects of a company’s finances.

Additionally, FinancePal easily integrates with a business’s bank accounts. This means that neither clients nor FinancePal professionals need to enter account information manually, and that this information will always be current. 

Dedicated Accounting Team

Each client of FinancePal has their own team of advisors assigned to them. These teams are made up of experienced tax and accounting professionals. A designated FinancePal team will take care of the administrative financial work so that the client can focus on growing their small business. FinancePal teams are composed of a variety of experts so that all bases are covered for the client.  

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The Bad

  • Small Business Focus
  • Pricing by Request

Small Business Focus

FinancePal’s services are targeted to small and mid-sized businesses. That being said, FinancePal files all types of returns for C-Corporations, S-Corporations, Partnerships, and Sole Proprietors. The company focuses on small business clients because its services are meant to help with everyday accounting and bookkeeping, where larger businesses typically hire accountants and finance professionals for this type of work. 

Pricing by Request

The downside of customized pricing is that potential clients are not able to see pricing online. The company does not provide price points for its services, packaged or a la carte. Pricing information can only be obtained through a consultation with a FinancePal representative. 

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The Bottom Line

FinancePal’s mission is to help small companies manage finances and save money on taxes. Existing online reviews about FinancePal applaud the team for its great customer service and mastery of the industry. The FinancePal mobile app is meant to store all of a company’s financial information in one secure place. FinancePal’s simple reports make it easy for clients to track their business’s financial health. 

We recommend FinancePal to small-business owners in the industries that are most compatible with FinancePal. The company has specialized in these industries and served over 50,000 clients with its services. FinancePal is a reputable company you can trust, backed by a knowledgeable team. 

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