Finaloop Awarded Rising Star Award From FinancesOnline

July 6, 2023

Renowned B2B platform honors Finaloop and solidifies its position as an leader in ecommerce accounting

Finaloop Awarded Rising Star Award From FinancesOnline

FinancesOnline, a highly respected B2B review platform, recently presented Finaloop with a Rising Star Award. This prestigious recognition celebrates Finaloop’s  growing user base and rapid market validation as a newcomer in the ecommerce accounting and ecommerce bookkeeping industry.

Among other criteria, FinancesOnline thoroughly explored the outstanding positive feedback and social mentions our platform received, recognizing them as a strong indication of user satisfaction. Expert reviewers also performed a detailed Finaloop review and concluded that Finaloop can fulfill multiple roles, acting as an integrated bookkeeper, accounting software, and tax CPA solution simultaneously.

FinancesOnline had high praise for Finaloop’s versatility and comprehensive nature. Some of the functionalities it noted include our automated account reconciliations, tax deduction optimization, ecommerce-focused profit and loss tracking, and the dedicated bookkeeping team that sets us apart.

As an accounting platform, FinancesOnline commended Finaloop for its impressive capability to automate account reconciliations, effortlessly categorizing and reconciling real-time financial data. The automated account reconciliations feature simplifies matching and verifying financial transactions, ensuring accuracy and reducing manual effort. It saves time by automatically identifying discrepancies and enabling timely resolution, resulting in efficient and error-free financial records. This function simplifies financial management by ensuring accurate and up-to-date records with minimal manual effort.

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Ecommerce brands selling on Shopify or Amazon can likewise take advantage of the solution’s tax deduction optimization feature. This capability maximizes your tax benefits and deductions by leveraging advanced and thorough analysis. It proactively identifies potential deductions and guarantees you take advantage of all available tax-saving opportunities. With this feature, you can optimize your tax position and minimize tax liability, ultimately saving money.

The report also mentioned Finaloop’s ecommerce-focused profit and loss tracking capability that provides an in-depth analysis of your online business's financial performance. It allows you to monitor revenue, expenses, and profitability specific to your ecommerce operations. With this functionality, you can gain valuable insights into your ecommerce company's financial health and make data-driven decisions to optimize profitability.

Furthermore, users not only experience the platform's automation capabilities but also receive dedicated support from a committed bookkeeping team. Additionally, linking your apps and setting up an account with Finaloop is a quick 15-minute process. It seamlessly integrates with popular ecommerce platforms, payment gateways, and major banks, providing a comprehensive and efficient solution for your business needs.

With its premium features and capabilities, Finaloop is quickly establishing itself as one of the most sought-after accounting tools in the industry.

Thanks FinancesOnline for recognizing Finaloop’s dedication and hard work!

About Finaloop

 

We are a technology company providing automated end-to-end accounting service to ecommerce businesses. Our system connects to your apps, syncs all your data and reconciles your books in real-time, replacing your bookkeeper, your accounting software, and your ecomm integrations. We offer reconciled books available 24/7, tax-saving insights, and a single place for all your financial data.

 

*The information provided on this website does not, and is not intended to, constitute legal advice. All information, content, and materials available on this site are for general informational purposes only. Readers are advised to consult with their attorney or accountant with any questions or concerns.*

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