No matter the size of your business, you get a 14-day free trial.
BOOKKEEPING SERVICE FEES
When you subscribe to our service, your monthly bookkeeping fee is based on your projected annualized gross receipts. We will calculate this number based on your gross receipts earned in the months available in Finaloop during your free trial - i.e., your onboarding month plus the full previous two months.
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).
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.
TAX SERVICE FEES
You can also add our Tax Plan and get all your accounting in one place!
The monthly tax service fee is also based on your projected annualized gross receipts determined the same way as your monthly bookkeeping fee. Since our tax services always cover the full taxable year (for example, 1099-NEC filing services and Federal and State income tax filing services cover the full taxable year), the monthly tax service fee applies to all 12 months of the tax year. In other words, if you subscribe during the year, you'll be charged for previous months starting January.