FinancePal Review- Leading accounting solution provider to SMBs

By Ashutosh Jha → Last Updated on Saturday, September 11, 2021
If you’re a startup, you already be knowing how difficult is to manage financial stuff like bookkeeping, accounting, advisory services, payroll, bill pay, AR/AP, and more.

And this is where companies like FinancePal come to the rescue. It helps you manage all your accounting on the edge.

About FinancePal

FinancePal is a Chicago-based online financial service provider including bookkeeping, accounting, tax preparation, and payroll. It was founded by Jacob Dayan and Nick Charveron and are in service since 2015. Although FinancePal is offering a variety of financial services, but majorly known for customizable and affordable bookkeeping services. Thousands of startups and small business units are relying on FinancePal for business transactions, calculate taxes, and readable financial statements.

The best thing I found with FinancePal is they can also assign clients with a dedicated financial team of certified financial and tax practitioners. This setup costs you way less than having a dedicated team in-house.

Services offered by FinancePal

Many services are being offered by FinancePal in finance, tax, and accounting.

#1 Bookkeeping services

Bookkeeping is one of the flagship services offered by FinancePal. Bookkeeping involves everything from tracking your financial records to making sure no error is involved which can lead to a financial shortfall. Below are some of the major works, FinancePal team can do for you in bookkeeping services-

  • Recording your transactions
  • Preparing balance sheet
  • Preparing income statement
  • Working on tax preparation
  • Direct communication and financial advice to help your business grow

Just make sure you don’t mix bookkeeping and accounting services. Although both works towards the same goal but they are different entities. Bookkeeping is majorly the recording of financial transactions whereas accounting is analysis and strategy based on this information.

#2 Accounting services

Once you sign up for FinancePal’s small business accounting services, you gain access to the accounting team. The team acts as a one-point destination for detailed financial statements, insights, and recommendations for growing your business. You will also get access to FinancePal online platform that allows you to check in your business finance on the edge. Here are some benefits of using the accounting services of FinancePal-

  • Direct access to experienced accountants and tax experts
  • Hands-on customer service paired with the latest tech solution
  • Peace of mind that your business is financially compliant
  • Personalized services at an affordable flat rate
  • Easy-to-read reporting that provides the information you need
  • Secure and reliable so you can trust your data is protected

The good thing is you pay for the services you need.

#3 Online payroll solution

FinancePal offers an online payroll solution for all small businesses from any industry. It can offer payroll on your largest expense area and you will have the option to select the timeframe, either weekly, bi-weekly, semi-monthly, or monthly. FinancePal’s dedicated and transparent reporting system can also highlight any risks or opportunities that need your attention. Following are the benefits of using FinancePal’s online payroll solution-

  • Accurate Records
  • Timely Filing with deadline tracking
  • Create action plans to help you prepare for or avoid tax liabilities and many more

#4 Tax preparation service

This is another major headache for any small business and FinancePal’s can help you get rid of this completely. They help any small kind of business-like sole proprietorships, partnerships, LLCs, and corporations, as well as non-profits. The services include tax consulting, optimize tax savings, and tax filing.

Apart from these, there are other varieties of services are being offered by FinancePal-

FinancePal pricing

FinancePal understands every small business may have tailored needs and so they have flexible pricing options. They offer quote-based pricing for the business where you will be billed for the services you’re intended to use. This helps the customer to pay for the services they use. As per the data available on the internet, a small business will be usually paying around $150 per month.

Even small to mid-size businesses will be also paying in the range of $400 per month for the bookkeeping services. This pricing includes-

  • A dedicated account manager
  • Account reconciliations
  • Monthly and EOY financial statements
  • Mobile receipt tracker

For large-scale payroll help and taxation service, you may have to pay more and can be in the thousand range. For the exact pricing, you can connect with them.

Features of FinancePal:

Although when you sign up with FinancePal, you get a dedicated team who will be working with you. But still, there is N number of features offered by FinancePal that you should know to make the most out of it.

Tailored dashboard

The customer dashboard for accounts payable and receivable is simple to use and easily accessible. It can be connected with any other accounting software for a small business like Quickbooks, Hubdoc, Tsheets,, Gusto, and many more.


The payroll service helps you to generate invoices online and customize how often you would like to bill. This is one of the best invoicing software you can find for enterprises and small businesses. Through their guides, you can also learn invoice overdue collection tips and get paid on time.

Expense tracking

Helps you track the expense with their mobile app and handles your company’s daily spending through a third-party system. 

Bank Reconciliation

The tax and expert’s team will be helping with any discrepancy during the tax and finance and will be reconciled with any need with the bank.


You will be able to generate many customs reports those can help you track your business and understand performance in a better way.

Integrations and Add-ons:

Although they don’t have a huge list of integrations, but you won’t be disappointed as they integrate well with major financial SaaS providers. Some of the major platforms FinancePal integrates with are- QuickBooks, Hubdoc, TSheets, ADP, Gusto, and more.

Customer service and support:

FinancePal offers many ways to connect with them. The best is, you can call them anytime and get quick support. Apart from calling, you can even mail them or chat in real-time as well 24x7.

Final verdict:

While trying FinancePal, I found it pretty much helpful for small businesses. If you’re also a startup or small size company looking for complete finance and accounting solution, you may rely on FinancePal. Check with FinancePal today about how best they can manage your company's finance.

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Ashutosh Jha

Ashutosh Jha is a professional blogger, Blog and IT Consultant. He writes about Blogging, SEO, Making Money, Internet Marketing and Web Design.
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