Finaloop Reviews & Product Details

Solves a lot of ecom specific challenges with bookkeeping. Specifically, I appreciate how it manages our pre-orders by using deferred revenue for pre-orders that are unfulfilled. I also appreciate that is connects with so many of our sales channels, like Shopify and Amazon, to give us up-to-the-day accuracy. They way they are managing Shopify Collective and dropship vendors is a huge improvement over QBO and even their own previous methods. They are constantly innovating to improve features, and customer service always replies quickly. We have a quarterly call to make sure everything is working properly. Reports are easy to read and access. I've never had more confidence in my books. Review collected by and hosted on G2.com.

I've had issues over time, but most of them have been solved. My only current complaint is loans are not automatically expenses and amortizes on a monthly basis. To manage this, their team handles them periodically. My understanding is that a fix for this should be implemented soon. Review collected by and hosted on G2.com.

I really enjoy their direct integration with the selling platforms such as Amazon, Walmart, and so on. Everything gets updated very quickly!

The user interface is very effective and the feeling of anxiety i used to get when i looked at our books from QB online is now gone lol. Review collected by and hosted on G2.com.

the inability to do FIFO from a simple csv upload like many other softwares do, BUT even the negative is a positive as they got me in touch with their development team so we can find a solution, so hard to constitute that as a negative Review collected by and hosted on G2.com.

For what you get the price is really good. If I used basic QuickBooks it would cost me about the same (can't remember the QuickBooks price), but I would still have to do so much work to do my books and actually figure out our numbers. If I used the QuickBooks bookkeeping service, I would be paying out the wazoo. Everything is so easy with Finaloop. The transactions get categorized correctly the vast majority of the time, the integrations are super helpful and easy, I can see our P&L and Balance Sheet in real-time, and their support is very good - I almost always get a detailed response via email within 24 hours. I've saved so much time and money with Finaloop. Review collected by and hosted on G2.com.

Honestly the only thing that's come up a few times that might be nice to add is the ability to create shipping labels straight from Finaloop when you're creating an invoice. Definitely not a necessity though. Review collected by and hosted on G2.com.

Easy to learn, easy to get your data set up, easy to get help and easy to see and read your data. It also saved me money by doing my bookeeping myself and getting a better picture of the company finances. Review collected by and hosted on G2.com.

I'd like to upload invoices and have them automatically read and input. Bank account updates do not go into Finaloop instantaneously. Might be if the transaction is still processing it doesnt show up till its completed but it causes some backlog for me. I would also like it if I could import past transactions. My data now only goes back two years but I would like to see more. Review collected by and hosted on G2.com.

If I had to sum it up in one word, it would be automation. Over the years, I’ve tested five different accounting software options to manage my e-commerce business, but none have matched the efficiency of Finaloop. After completing our first full year with it, I can confidently say I’ve spent less time on accounting tasks than ever before. Now that year-end 2025 comes around, I expect to finish everything in a matter of hours instead of the weeks it used to take.

When I made the rash decision of Integrating Finaloop in Oct of 2024 the support team made it take less time then working through my current books. All Shopify and Amazon sales were instantly logged, all old CC transactions categorized in a few hours work.

Finally, the Inventory IQ feature makes you wonder how we ever accepted any accounting software that does not have it. Review collected by and hosted on G2.com.

Finaloop is Amazing for Ecom. However that comes with a less then robust system for B2B sales. However with constant updates and a truly dedicated support team a workaround or new way to do things can be found relatively quickly. Review collected by and hosted on G2.com.

I love using Finaloop for accounting as it has significantly changed my experience by providing real-time, clear financial statements. I find it easy to track vendor expenses and inventory purchases because all my business accounts are linked, including e-commerce platforms like Amazon and Shopify. Most importantly, the 3 Financial Statements are almost real-time! Their team is very responsive, and even if they don't have an immediate answer, they let me know they're working on it. Finaloop saves me tons of time navigating my bank accounts. The initial setup was very easy and intuitive for me, and I don't even need an accountant now. Review collected by and hosted on G2.com.

Since last year, their integration with Amazon has been changed. Or rather, they said Amazon changed how the sales and expense data flow into Finaloop, which causes delays in sales and expenses, meaning my P&L is not really real-time now. They said they are working with Amazon to solve this. I'm looking forward to that. Other than that, if anything to complain is that most of their service team is based somewhere else which sometimes has delays in replies. But this was known since I signed up, so not complaining there. But if their responses can be faster, it'll be perfect. Review collected by and hosted on G2.com.

I use Finaloop for e-commerce accounting and tax reporting, and what I love most about it is the ease of use and onboarding. The support team is fabulous, always helping out when needed. It's built specifically for e-commerce sellers, addressing our unique challenges. The seamless connectivity to financial institutions saves me hours every month by syncing and importing transactions automatically. I also love the homepage for providing a quick summary of our business, and the graphs and charts are great for gauging our performance. The initial setup was super quick and easy, we were up and running in just 2 days. Review collected by and hosted on G2.com.

I would like Finaloop to consider adding Whatnot to their list of supported selling channels. Review collected by and hosted on G2.com.

The UI is incredibly intuitive and the customer service is excellent -- fast, friendly, patient. Review collected by and hosted on G2.com.

While I recognize this has happened infrequently, there have been occasions when it slows down so much that a reconciliation that was previously instantaneous ends up taking hours. Review collected by and hosted on G2.com.

I truly appreciate how Finaloop provides me with accurate, real-time books automatically. The fact that it's specifically built for ecommerce makes it especially beneficial, facilitating clear profit and channel views, and enabling a fast month-end close. It significantly reduces manual cleanup and work, which means fewer surprises, and my financials are always ready quickly, allowing me to make swift, informed decisions without delays. The seamless integration with tools like Shopify, PayPal, Stripe, and many others enhances my workflow. Additionally, the initial setup was outstanding with their white glove service, making the transition smooth from QuickBooks Desktop Enterprise. Review collected by and hosted on G2.com.

If I had to pick improvements: faster loading of large reports, ShipHero integration for better COGS tracking Review collected by and hosted on G2.com.

I like how instantaneous the data comes in with Finaloop and how, as a non-accounting person, I can manage my books on my own and see things in real-time. Finaloop makes it so much easier and shortens the monthly accounting process for us. It provides a solution that really helps streamline things. Review collected by and hosted on G2.com.

I'm still waiting for the SKU profitability which I think they're working on for Amazon, which is a good chunk of my business. So I look forward to when that comes online. Review collected by and hosted on G2.com.