About
Applies to: Finaloop Accounting
Finaloop Accounting, Finaloop's real-time bookkeeping and accounting service, records your business loans, their repayments and their interest once it has one thing from your lender: usually the loan agreement, a statement or transaction report, or access to your lender account.
Finaloop finds most loans automatically from the transactions in your connected accounts and lists them on the Loans page. When we need something from you, the loan is marked Action required, and the window that opens tells you exactly what to upload and where to find it.
Here you'll find what each lender needs, step by step, so you can get the documents ready before you start. To learn how loans are detected and reviewed, check out How Finaloop tracks your business loans.
1. How to give us your loan documents
A loan Finaloop found for you
When we detect a loan, we also add a Fill in loans details mission to My missions. A mission is a task where we ask you for information we need.
Go to Loans.
Find the loan marked Action required and click Review.
Follow the instructions in the window. In an Upload loan documents window, click Upload attachments under each file and add it. In a Grant Finaloop a role window, give us access in your lender account, then tick I have granted Finaloop the access.
Click Done (some windows show Next).
The loan shows Processing while our team records it. Not ready yet? Click I will do it later and come back when you have the documents.
A loan Finaloop didn't find
If a loan is missing from the Loans page, report it yourself:
In Loans, click Report a loan.
Under Lender, select your lender. If it isn't listed, type its name and click Add followed by the name.
Enter the Effective date and the Original amount. For a line of credit, enter the credit limit.
If you added a lender that isn't listed, answer Is it a related party loan? Choose Yes if the loan is between the business and an owner, an owner's family member or a friend.
Click Next.
Follow the lender's instructions in the window, upload your documents, and click Done.
① Agreement (required), ② Transaction report, ③ Done.
Your loan now appears on the Loans page and shows Processing while our team records it.
2. What each lender needs
Shopify Capital: loan agreement and transaction report
To accurately record your loan payments and fees, please follow these instructions to retrieve the required loan documents:
Log in to your Shopify admin, go to Finance, and click Capital in the Accounts section.
Click View all transactions.
Download your loan agreement by clicking View agreement at the top right and saving it as a PDF.
Download the transaction report by clicking Export at the top right, then clicking Transactions to download a CSV file.
In Finaloop, upload the PDF under Agreement (required) and the CSV under Transaction report.
If you haven't started repaying the loan yet, tick The loan repayment has not yet commenced instead of uploading the transaction report. From time to time, we may ask for an updated transaction report in a Reconciliation needed window, so your loan balance stays fully reconciled.
Wayflyer: loan agreement and transaction statement
Wayflyer needs two files:
Obtain the PDF loan agreement by contacting Wayflyer via their support chat or through your Wayflyer customer success representative.
Obtain the Wayflyer Transaction Statement:
Log in to your Wayflyer account and go to Finance → Statements.
Click Select date range, select Custom, and set a period starting on January 1 of the year before your books start date in Finaloop and ending on the current date. For example, if your books start on January 1, 2023, generate a statement from January 1, 2022, to date. The Finaloop window shows the exact start date for you.
Click Generate statement to download the Wayflyer Transaction Statement in Excel format.
In Finaloop, upload the PDF under Agreement (required) and the Excel file under Wayflyer Transaction Statement (required).
If your Wayflyer account shows a Capital tab instead, Wayflyer's help center says to open it, select the advance, and click Download Statement to export it in Excel. If you haven't started repaying the advance yet, tick The loan repayment has not yet commenced instead of uploading the statement.
Amazon Lending: access to your Amazon seller account
Amazon Lending needs account access rather than a document. To make sure your Amazon Lending transactions get properly included in your books, please give Finaloop a "Bookkeeper" role in your Amazon account by following these steps:
Log in to your Amazon seller account.
In the upper-right corner, click Settings, then click User Permissions, and invite [email protected] as a Secondary User.
In Finaloop, tick I have granted Finaloop the access and click Next. There's no need to message us: we'll see the invite and accept it.
Once we approve the invite (you'll get a notification), in your Amazon seller account go to Settings again, then click User Permissions.
Click Manage Permission next to the user you created for [email protected].
Grant us View & Edit for everything under the Amazon Lending and Reports sections.
After we accept the invite, the loan asks you to confirm these permissions, so you'll know exactly when to finish steps 4 to 6.
PayPal Working Capital: loan agreement
To accurately record your loan payments and interest:
Log in to your PayPal account.
In the top menu, under Finance, click PayPal Working Capital.
Download your loan agreement by clicking Download contract on the left side of the page.
In Finaloop, upload your loan agreement under Agreement (required).
PayPal Business Loans: loan agreement
To accurately record the loan payments and interest for your PayPal business loan, find the loan agreement you received by email from [email protected] and upload it to Finaloop. Alternatively, follow these instructions:
Log in to your PayPal account.
Download your loan agreement under PayPal business loan.
In Finaloop, upload the agreement under Agreement (required).
PayPal Credit: monthly statements
To accurately record the credit and interest for your PayPal Credit, we need the PDF statements for every billing cycle from one month before your books start date to today. For example, if your books start on January 1, 2025, upload statements from December 2024 onward. The Finaloop window shows the exact starting month for you.
Log in to your PayPal account.
In the top toolbar, go to Finance and click Money.
In the PayPal Credit section, click the three dots to open the menu, then click View Statement.
Download the PDF statements for all billing cycles from the starting month to date.
In Finaloop, upload all the statements under Statements (required) and click Next.
If you manage PayPal Credit in its own account, log in to PayPal Credit, select Activity in the top bar, then Statements, and download them there.
A line of credit needs new statements every period. When you report PayPal Credit, the Schedule a reminder window asks whether you'd like a reminder. Choose Yes and pick Monthly, Quarterly or Yearly, and we'll create a periodic mission when it's time to upload the next statements.
Stripe Capital: loan agreement
To accurately record your loan payments and interest:
Log in to your Stripe account.
In the top menu, under More, click Capital - Business Finance.
Under Your loans, select the relevant loan.
Download your loan agreement by clicking Download contract at the top right of the page.
In Finaloop, upload the agreement under Agreement (required).
Payability: detailed reconciliation report
To accurately record your loan payments and interest:
Log in to your Payability account.
Go to Reports.
In the top bar, select Reconciliation view.
Download the detailed reconciliation report by clicking Export detailed view.
In Finaloop, upload the report under Detailed Reconciliation Report (required).
Marcus by Goldman Sachs: loan disclosure
To accurately record your loan payments and interest:
Log in to your Marcus by Goldman Sachs account.
In the top right, click My Account.
Click Profile.
Scroll down to the Business Line of Credit section and download the Loan Disclosure PDF file.
In Finaloop, upload the file under Agreement (required) and click Next.
Ampla: access to your Ampla account
To make sure your Ampla transactions get properly included in your books, please give us a role in your Ampla account by following these steps:
Log in to your Ampla portal.
In the bottom left, click your name.
Choose Team.
In the top right, click + Add new user.
Invite accountant+{username}@finaloop.com as a team member. The username is your company name in lowercase with the spaces removed. For example, if your company is called Best Ecom, invite [email protected]. The Finaloop window shows your exact address.
In Finaloop, tick I have granted Finaloop the access and click Done.
If you also use Ampla as a bank account, connect it to Finaloop too (if it isn't connected already): go to Settings → Banks & Credit Cards, click Connect banks and cards, and add Ampla as a bank.
3. Other lenders
The Report a loan window has instructions for many more lenders. Here's what each one asks for:
8fig: In your 8fig account, go to Funding → Growth Plan. For each plan, active or completed, click See Plan, then Export to download the payment schedule as an Excel spreadsheet. Upload all of them under 8fig payment schedules (required).
SBA (COVID EIDL loans): The original loan agreement, any amendments, and the full payment history. Get the agreement and amendments from the SBA by email at [email protected] or by phone at 833-853-5638. For the payment history, log in to the MySBA Loan Portal at lending.sba.gov, go to Payments, and take screenshots of the entire payment history, per year.
Viably: A screenshot of the Funding page in your Viably dashboard that includes the type of funding, funding date, amount received, fees and the full Settlement Schedule.
Uncapped: Account access. In Uncapped, open your profile settings (top right), click Your team members, then Add team member. Enter First name: Finaloop, Last name: Accountant, and the email address the Finaloop window shows ([email protected]), then click Send Invite via email.
Flexport Capital: Account access. At app.flexport.com, click Your Business, then Settings. Go to Users, click Invite User, enter First Name: Finaloop, Last Name: Accountant, the email address the Finaloop window shows, assign the Billing role, and click Invite.
Clearco and Settle: Connect the app to Finaloop in the Connect application window. For Settle, check out Connecting bill management apps.
Car loans (for example Tesla, Ally, Ford or Toyota Financial Services): The loan agreement. It tells us who legally owns the car and the loan, so we can record both correctly.
Sellers Funding and Ascentium Capital: The loan agreement and the amortization schedule, a table of every loan payment until the loan is paid off, showing the principal and interest in each one.
Walmart, Parafin, Kabbage, Lendistry, DreamSpring, Vox Funding, Intuit Financing, Amex, Onramp Funds and Pearl Capital: The loan agreement.
Any other lender: The loan agreement and, if you have one, the amortization schedule. If there isn't one, tick There is no amortization schedule.
Loans from a related party (an owner, an owner's family member or a friend): In the Report a new related party loan window, choose the loan type and upload the agreement and amortization schedule if you have them. Learn more in How Finaloop tracks your business loans.
4. FAQ
What happens if I upload the wrong document?
We'll mark the loan Action required again. Click Review to see what was missing (for example Insufficient documentation) and the steps to get the right file, then upload it and click Done.
Which loans should be on my Loans page?
Every loan that was open on or after your books start date, even if it's fully repaid now. Your Loans page should include every loan, line of credit and merchant cash advance taken from your books start date onward, plus any from before that weren't fully repaid by the day before your books start date. Click When to report a loan? on the Loans page to see your exact dates.
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Need help?
If you can't find a document or your lender isn't listed, reach out to us at [email protected] and we'll help you get your loan recorded.