What is FinancePal , Plans & Pricing, Features and Functionality

What is FinancePal

FinancePal Business Services LLC (“FPAL”) is a full-service accounting and bookkeeping firm that serves small and medium-sized firms in a variety of sectors around the country. FPAL combines best-in-class technologies with streamlined procedures and specialized staff to provide our consumers a monthly service that is both reliable and of high quality.Accounting, bookkeeping, bill pay, payroll, sales tax filings, tax planning, and advisory services are just a few of the services we provide. FPAL can adapt a package to the customer's specific needs, with the end purpose of freeing business owners from time-consuming day-to-day accounting tasks so they can concentrate on what matters most: expanding their company. FinancePal is the only business buddy you'll ever need.

Plans & Pricing

FinancePal's pricing is completely customizable. Each feature is available a la carte, and they will work with you to customize the perfect package for your company. The most basic packages include bookkeeping and accounting, daily financial statements, a monthly reconciliation service, and tax preparation and consulting, among other services. It provides a free trial period during which you can get a feel for the product.

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Rating

· "PRICE" : 10 /10

· "FEATURES" : 8 /10

· "EASE OF USE" : 8 /10

· "HELP AND SUPPORT" : 9 /10

Features and Functionality

FinancePal provides a general ledger, revenue and cost monitoring, numerous financial management software, inventory tracking, and other functionality that you'd find of an accounting solution. It's available both online and as a smartphone app for Android and iOS. It goes beyond and above the normal features by using CPAs to handle your books, as previously discuss. Between the programs offered are:

Income Tax Preparation

For many company owners, the tax code is a maze, and the IRS is just too willing to audit you if you make a mistake. FinancePal partners with you during the year to keep correct records and educate you on the right tax plan for your case. It specializes in a wide range of companies, including S-corporations, C-corporations, alliances, and more. All of your data is readily available via the web portal, and you can monitor the status of your tax returns.

Sales & Use Tax

The sales tax and use tax you pay is not the same as the payroll tax you pay. When you sell products to consumers in various jurisdictions, you must pay use tax, and each jurisdiction has its own set of rules and fees. If you're doing business locally, globally, or abroad, the staff will work with you to ensure that you meet all of your tax obligations. This is particularly beneficial for service companies that are taxed in some countries but not in others.

Payroll

FinancePal takes care of the payroll needs from start to finish. It will assist you with being set up, working with the payment plan, ensuring that you are withholding the correct amount of tax at both the federal and state levels, and maintaining reliable records when filing W-2 and 1099 reports. FinancePal will type out the taxes and properly file forms 940 and 941 if you want to use it.

Ease of Use

FinancePal, according to several customer reports, has a hands-on onboarding mechanism that assists you with getting all set up. The app is simple to use and provides you with the facts you need to make decisions, but FinancePal's support is what sets it apart. Many of your questions will be answered by the account managers, who are professional and polite. Many of the functions and how they work should be familiar to you if you've used accounting software before.

Add-ons and Integrations

Many features that may otherwise be deemed optional for other offerings are included in FinancePal's key offering. The software integrates with other big accounting resources and systems, such as payment processors and bank accounts, where you can register the transactions. It also consolidates a lot of the information into a centralized structure, giving you a complete picture of your finances.

Gusto, Tsheets, Quickbooks, among others are among the collaborators with which it collaborates. Apart from integration partners, it also has a few extras if the case is special, such as:

Entity formation

FinancePal provides clients with one-on-one meetings that guide them through the whole business forming process. They’ll take you by the side to make sure you fill out all the necessary documents, get the necessary papers, and even open a business bank account for your new company until you’ve decided what type of business to form.

Recovery & Catch-up

If you've had trouble keeping up with your bookkeeping in the past, FinancePal offers an additional program that will hold you up to date. It will not only help you get your internal affairs in order, but it will also assist you in filing any taxes that you may have overlooked, potentially avoiding a government audit.

Customer support

When it comes to helping, FinancePal is a little different from most accounting apps. You're partnered with someone from the organisation at the start of the working partnership, rather than going out and engaging with a random individual. They get to know your unique circumstance, company, and requirements. They will then take a more hands-on approach to assisting you with your bookkeeping or tax requirements. Support is quick to react, informative, and compassionate.

• Assistance on the phone

During regular business hours, it provides phone service to all clients.

• Email Regardless of the package selected, the firm still has email service.

• Frequently Asked Questions

There's a simple FAQ section with answers to common questions about the service and billing.

• Create a blog

It has a company blog that discusses various facets of small business bookkeeping and taxes.

Final Word

FinancePal is a comprehensive approach for small businesses that want to remain on top of their taxes and bookkeeping. It's a smooth mix of online accounting tools and human bookkeepers that keep you informed about your financial status. Inventory control, financial statements, and accounts payable/receivable management are among the standard functions.

You have access to income tax reporting, payroll preparation, agency forming, and more in addition to those key functions. The team is intelligent, attentive, and eager to help you get your business back on track financially. FinancePal is a perfect option if you're looking for a full accounting program and bookkeeping solution in one.

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