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FinancePal vs AccountsBalance 2023 Comparison


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FinancePal vs

As you build a business, it is essential to put in place administrative tools that will assist you in managing daily operations, including financials. Today, many businesses are turning towards online bookkeeping and accounting services to handle their bookkeeping needs. Many of the services available today offer a variety of options that can be customized to meet your needs both now and into the future. Let’s dive into FinancePal vs AccountsBalance, what they offer, and the benefits they can provide to your company.


FinancePal vs AccountsBalance 2023 Comparison


FinancePal offers a full-service accounting and bookkeeping service. In addition to handling your bookkeeping transactions, they also provide payroll, tax preparation, accounts receivable, and other accounting functions. For many small businesses, FinancePal offers a way to outsource your accounting department cost-effectively while also creating efficiency in your operations.


AccountsBalance is a bookkeeping service that provides businesses with the ability to outsource the recording, categorizing, and reconciling of their financials. With AccountsBalance, businesses receive monthly financial reports, giving them a comprehensive picture of their financial health. With catch-up services, their clients don’t have to feel overwhelmed by their bookkeeping. Instead, AccountsBalance makes it easy with a dedicated team that specializes in working with SAAS, small businesses, and agencies that fit your budget.


FinancePal vs AccountsBalance Overview


Who’s It Best For? Small businesses
SAAS, agencies, & service providers.
Monthly Pricing Custom quote
Starts at $299/mo
Clean Up Services Yes, one time cost.
Yes, one time cost.
Catch Up Services Yes, one time cost.
Yes, one time cost.
Account Reconciliation Yes, monthly. Yes, monthly.
AR & AP Work Yes Not at this time.
Tax Services Yes Not at this time.
CFO Services Not at this time. Not at this time.
Dedicated Bookkeeper Yes Yes
Reviews 0 Stars 5 stars
Website Visit Visit


Who Should Use FinancePal and AccountsBalance? 


FinancePal is ideal for businesses looking to outsource their accounting and bookkeeping, especially small businesses. With their ala carte options, FinancePal can give you the services you need, so you don’t have to incur the added costs associated with hiring accounting staff. Plus, FinancePal works with multiple industries, including hospitality, real estate, and agriculture, so they can assist you in finding the right options to fit the current needs of your business or expand the services available as your business expands.


AccountsBalance is geared toward SAAS, agencies, and service providers, with efficient and strong processes in place to meet your needs. They also provide monthly bookkeeping services, but they also utilize a variety of software options, making it easy for you to transition as your business grows. Additionally, pricing is geared toward the size of your business and the number of transactions you are processing. That means they can grow with your business, meeting your bookkeeping needs as they become more complex.


FinancePal vs AccountsBalance Pricing


FinancePal vs


Obviously, finding the right bookkeeping service also means understanding the pricing model used to determine if the mix of services and costs fits your budget. With FinancePal and AccountsBalance, much of the pricing depends on the options you choose to utilize for your business.


Monthly Pricing Custom pricing based on services provided
Starts at $299/mo. Based on size and complexity of business.
Catch Up Work Get a pricing quote
Get a pricing quote w/in 1 business day.
Clean Up Work Get a pricing quote
Get a pricing quote w/in 1 business day.
Set Up Included as part of custom pricing
$499 for new QBO or Xero account
Invoicing Yes Not at this time.
AP & AR Yes Not at this time.
Tax Services Yes Not at this time.
Free Trial No
Yes, 1st month free.
Pricing Details FinancePal Pricing


FinancePal vs AccountsBalance Features


Each service offers its clients different options in terms of bookkeeping services, which makes it critical that you know what you want to outsource and what you can handle in-house. Invoicing, bill pay, and account reconciliation are just a few of the options available, but it is also important to understand whether a service offers options to meet the needs of your business as you grow.


Dedicated Bookkeeper Yes Yes
Controller Oversight Yes Yes
Connect Bank Accounts Yes Yes
Categorize Transactions Yes Yes
Pay Bills Yes Not at this time.
Invoice Customers Yes Not at this time.
Account Reconciliation Yes Yes
Tax Consulting Yes Not at this time.
Tax Filing Yes Not at this time.
CFO Services Not at this time. Not at this time.
Income Statement Yes Yes
Balance Sheet Yes Yes
Cash Flow Statement Yes Yes
Reports Delivered By 15th of the month 15th monthly
Catch Up Services Yes, for a fixed cost.
Yes, for fixed cost.
Clean Up Services Yes, for a fixed cost.
Yes, for fixed cost.
Payroll Services Yes Not at this time.
International Support No Yes
Support Yes
Yes, responses in 1 biz day

FinancePal vs AccountsBalance Software 


FinancePal is compatible with Quickbooks, HubDoc, ADP, Gusto, and For AccountsBalance, we are compatible with Quickbooks Online and Xero. Both companies provide transparency and platforms that make it easy for you to see your financials in real-time. Additionally, with their adaptability to multiple platforms, both services can provide your business with options to meet your accounting software needs as you expand your products and services.


FinancePal vs AccountsBalance Customer Support



As a business owner, you understand why quality customer support is so critical to long-term customer retention. Being able to solve problems for your clients quickly and with solutions that meet their needs is essential, but even more so when it comes to your bookkeeping and accounting services. Both FinancePal and AccountsBalance offer quality support services geared to meet their clients’ needs effectively, especially when they have questions or concerns. Your time is money, and quality support respects your time by offering prompt replies and transparency.


Unlimited Support Yes Yes
Community Support Yes Yes
Email Support Yes Yes
Text Support Yes Yes
Live Chat Support Yes Not at this time
Phone Support Yes Yes
Searchable Knowledgebase
Yes, on their blog.
Yes, on their blog.
Online Help Resources Yes, on their blog.
Yes, on their blog.
Responses Within 1 business day 1 business day

Frequently Asked Questions (FAQs)


1. Which is better for online businesses? 

FinancePal provides accounting and bookkeeping with a dedicated team. They are also compatible with multiple online platforms, making it easier for online businesses to integrate their services into how they do business. AccountsBalance also specializes in working with online businesses, so their team can easily adapt to fit your needs, although they do not offer the same level of accounting services.


2. What should I consider when hiring a bookkeeper online? 

Before hiring a bookkeeper online, it is important to know what tasks you want them to handle and what tasks you want to keep in-house. That can assist you in determining if a bookkeeping service offers the features you want and need for your business, both now and in the future.


3. What’s different between a freelance bookkeeper and these bookkeeping companies?

A freelance bookkeeper can focus solely on your business, but they are limited by experience and the level of support they can offer. Plus, if they are ill, then your bookkeeping can fall behind. These bookkeeping companies offer a high level of support, along with a team that can keep your bookkeeping on track as they get to know your business.


4. How much does an online bookkeeping cost on average? 

An online bookkeeping service can average around $200 to $300 per month, but this cost can increase as your number of transactions goes up or if you require additional services for your business. With FinancePal offering additional accounting services, your pricing will vary based on the services you choose for your business.


What Is AccountsBalance?


Bench vs AccountsBalance


AccountsBalance is a monthly bookkeeping service specialized for agencies & SAAS companies.

We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month.


You’ll have your Profit and Loss Statement, Balance Sheet, and Cash Flow Statement ready for analysis each month so you and your business partners can make better business decisions.


Interested in learning more? Schedule a call with our CEO, Nathan Hirsch.


And here’s some free resources:


In Summary


FinancePal offers a personalized experience for freelancers and small business owners who want to limit the amount of bookkeeping they have to handle. However, as your business grows, FinancePal also provides accounting services, which can make it easier to handle all your accounts receivable and accounts payable in one place. AccountsBalance is built on strong and efficient processes with the goal of growing with your business. They focus on SAAS, agencies, and entrepreneurs, providing the bookkeeping services necessary to keep your business on track.


Want help with your bookkeeping? We make it easy. Get startedSpeak w/ a Founder, or Schedule a Callback

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Tracy Knepple

Tracy Knepple

As a writer and editor with 20+ years experience, Tracy Knepple offers practical tips and analysis on accounting, bookkeeping, small business, and many other topics. She has authored over 100 books as a professional writer for the Raymond Aaron Group. She received her Bachelor's degree in Communications from Indiana University.

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