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Finaloop's subscription plans & pricing
Finaloop's subscription plans & pricing
Emily Burrows avatar
Written by Emily Burrows
Updated over a month ago

1. About

In this article, we'll walk you through Finaloop's different subscription plans and exactly how our pricing works.

2. Subscription plans

Finaloop offers two subscription plans: Core and Premium.

Both subscriptions come with a free 14-day trial. To learn more check out: What's included in my free trial?

Core plan

Our Core plan includes essential features covering a 100% accurate, technology-powered bookkeeping service, including:

  • Real-time financials

  • Unlimited app & bank integrations

  • Automated transaction categorization

  • Inventory & COGS tracking based on landed costs (provided by you)

  • Multichannel order tracking

  • Unlimited email support from our team of accounting experts.

Premium plan

Our Premium plan includes everything in the Core plan, plus:

  • In-depth monthly review of financials with your dedicated Finaloop accountant

  • Account receivables & payables (AR/AP) management

  • Inventory & COGS process review & guidance

  • Accruals and prepaid expense management

  • Bill/Invoice/PO entry (up to 40 docs/month).

Customized financial operations for your specific needs: If you are looking for other assistance with certain tasks outside of the typical bookkeeping process that are related to your financial operations, let us know!

3. Add-on services

In addition to our Core and Premium plans, Finaloop offers several add-on services designed to further assist you with your financial management needs so you can be as hands-on or hands-off as you want.

Our add-on services include:

  1. Inventory management: Get access to our real-time inventory management tool, InventoryIQ. InventoryIQ provides automated COGS & inventory management, including:

    • Purchase Order Management: Create, send, and track POs, allocate costs, and view statuses on one dashboard.

    • Vendor and Bill Management: Manage vendor balances, bills, and payments seamlessly.

    • COGS & Inventory Tracking: Track COGS per channel/SKU/warehouse, manage inventory levels, and get real-time updates synced with your sales platforms.

    To see a quick demo of how InventoryIQ works, check out this video.

  2. Fractional CFO Services: Get an intro to an ecommerce-focused Fractional CFO to review your financials monthly and provide practical, strategic advice based on Finaloop’s real-time numbers to accelerate your growth.

  3. Tax Services: You can file with Finaloop instead of using an external CPA.

The add-on services are for an additional fee depending on the service required. To learn more check out this article: Support you have access to in Finaloop.

4. How pricing is calculated

No matter the size of your business, you get the first 14 days completely free.
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Our subscription prices are divided into 6 tiers, or pricing groups, based on the projected gross receipts for the next 12 months.

Getting started: When you subscribe to our service, your tier is calculated based on the gross receipts available in Finaloop during the trial period -i.e., the onboarding month + one full month back.

For example, if you onboard on June 14, your projected annualized gross receipts will be based on the gross receipts earned from April 1. If your gross receipts for April 1 to June 14 are $75,000, then your monthly fee is based on projected annualized gross receipts of $365,000 (= $75,000 divided by 75 days available in Finaloop during the free trial period multiplied by 365 days in a year).

Ongoing Services: After you subscribe, your monthly fee is recalculated at the beginning of each quarter, based on the last 12-month period (LTM), if available. If not, your annualized receipts are based on the longest available period in Finaloop.

For example, on September 30, if your actual gross receipts for the last 12 months are $450,000 and are available in Finaloop, your monthly fee is based on projected gross receipts of $450,000. If gross receipts for the last 12 months are not available in Finaloop, but only available from January 1, we’ll annualize your available data.

In other words, if your January 1 until September 30 gross receipts are $300,000, your monthly fee is based on projected annualized gross receipts of $405,000 (= $300K divided by 270 days available in Finaloop in the current year multiplied by 365 days in a year).

Since the calculation of the monthly subscription fee is based on a projection, we update your fee quarterly, if needed, to ensure it’s up-to-date and fairly reflects your income over time. This way, if in one quarter the fee is higher, it will be lowered in the following quarter to reflect your actual income, and vice versa.

Note: If you choose to be billed annually instead of monthly, you'll save 10% on your Finaloop fees!
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You can see all the details on the specific prices for both Core and Premium on our pricing page.

5. Learn more

To learn more about what is included in Finaloop, check out our article on Getting Started FAQs.

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