The main difference between Freshbooks and Finaloop is that Finaloop is quite more expensive than Freshbooks.
In this versus, we compare Freshbooks vs Finaloop in-depth to help you choose one of them. If you want to know more details, we recommend you to read our Freshbooks review and Finaloop review.
However, you can also directly find the Best Accounting Software, we list them by ranking (based on our review rating), you can find all the comparisons we made and we explain how you should choose the proper one.
Here is what we will talk about in the rest of this article:
To make your choice quick and efficient, here is a short summary about our comparison of Finaloop vs Freshbooks. Find out their ratings, features, prices and then discover the winner of the versus.
Add-Ons / Business and Client Management / Client File Portal and Team Collaboration / Invoice Management / Invoicing and Follow-ups / Manage Expenses Effortlessly / Mobile app / Time Tracking
Accrual / Cash Basis Flexibility / Always Up-to-Date P&L & Balance Sheet / Bills Issuance and Reconciliation / Dedicated & Responsive Bookkeeping Team / Expert Review & Support / Inventory Management for E-commerce and Wholesale / Invoices for Wholesale and Retail / Real-Time Cash-Flow Analysis / Real-Time Transaction Categorization / Sales Tax Liability Tracking / Tax Deduction Optimization / Unlimited Platform Integrations / View and Status of Multichannel Orders
Best suited for
Individuals, Freelancers, Small businesses
Individuals, Freelancers, Small businesses, Mid size businesses
Discover the perfect FreshBooks plan tailored to your business needs, all within a budget-friendly range of $8.50 to $27.50 per month (with custom pricing for advanced needs). Whether you’re a solo entrepreneur or a thriving business, FreshBooks offers a spectrum of features at competitive prices.
Lite Plan – $8.50 USD/month (50% off for 5 months, originally $17.00)
Send unlimited invoices to up to 5 clients.
Track unlimited expenses.
Send unlimited estimates.
Accept payments via credit cards and bank transfers.
Accessible reports for tax time.
Mobile access on iOS and Android.
Add-ons:
Team Members: $11 per user per month.
Advanced Payments: $20 per month.
Gusto Payroll: Contact specialists for details.
Plus Plan – $15.00 USD/month (50% off for 5 months, originally $30.00)
All features from Lite Plan.
Send unlimited invoices to up to 50 clients.
Automatic expense tracking and receipt data capture.
Email receipts directly to your account.
Set up recurring bills and client retainers.
Business health, financial, and accounting reports.
Mobile mileage tracking.
Add-ons:
Team Members: $11 per user per month.
Advanced Payments: $20 per month.
Gusto Payroll: Contact specialists for details.
Premium Plan – $27.50 USD/month (50% off for 5 months, originally $55.00)
All features from Plus Plan.
Send unlimited invoices to an unlimited number of clients.
Track bills, bill payments, and vendors.
Customize email templates and signatures.
Automatic late payment reminders and billing of late fees.
Add-ons:
Team Members: $11 per user per month.
Advanced Payments: $20 per month.
Gusto Payroll: Contact specialists for details.
Select Plan – Custom Pricing (Talk to a specialist)
All features from Premium Plan and more
Access to lower credit card transaction fees and capped bank transfer fees.
Start with 2 team member accounts.
Dedicated account manager and custom onboarding services.
Remove FreshBooks branding from client emails.
Exclusive support via a dedicated number.
Each plan offers a free trial option, allowing users to test the platform before committing to a subscription.
Finaloop adopts a unique and tailored pricing approach based on projected gross revenue, ensuring flexibility and scalability for users. The platform offers pricing tiers corresponding to different revenue brackets, ranging from up to $100k to $10M, and even up to $200M.
This structure enables you to align your financial management needs with the most appropriate plan. The basic features are provided in all the plans but if you wish to unlock more advanced tools then you may subscribe to add-ons as well.
You can effectively choose the plan that matches your financial situation. This ensures that you are charged according to your projected gross revenue.
This approach makes Finaloop’s pricing plans accessible and inclusive by allowing businesses of various sizes to benefit from the platform’s financial management solutions.
Revenue Up to $100K ($65/month)
It includes:
Unlimited platform integrations & up to 15 bank/credit card accounts
Accrual / Cash basis flexibility
Always up-to-date P&L & Balance Sheet
Real-time cash-flow analysis
Real-time transaction categorization
Inventory management for E-commerce and wholesale
View and status of multichannel orders
Invoices for wholesale and retail
Bills issuance and reconciliation
Sales tax liability tracking
Income tax deduction optimization
Dedicated & responsive bookkeeping team
Ability to sync to QBO (optional)
You can also buy Add-on Finaloop full-service tax solution for Only $99/ month
It is payable for all 12 months included in a tax return and it includes:
Annual federal business income tax return prep ready for e-filing
State income tax prep (up to 1 state) ready for e-filing
