ReInvestWealth Reviews

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13 Reviews

- Industry: Computer Software
- Company size: 2–10 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
A great improvement from Wave
Reviewed on 2024/12/20
We decided to move away from Wave to ReInvestWealth due to the pricing change Wave did. The...
We decided to move away from Wave to ReInvestWealth due to the pricing change Wave did. The migration was smooth and we had a couple of sessions to tackle specific questions we had to learn how to register things using ReInvestWealth.
Once we understood how to do it (easy to do once you get familiar with were buttons and options are) we had to spend some time configuring several automation's that, in the long run, have saved us a lot of time when it is time to classify expenses and payments.
Pros
A list of the things that we like vs Wave:
- Multicurrency business: Here you can have multicurrency invoicing integrated directly to your accounting, without having to create 2 "companies" and adding extra steps like with Wave
- FX loss/gain: A lot easier to handle it here vs Wave
- Automation: You can create your own automation rules to classify expenses and pretty much any transaction that is reflected in your accounts, you are not constrained by a predefined algorithm like with Wave.
- Custom support: Since this is not only an online accounting solution but also has the support of real people with accounting knowledge, you gain access to the option of booking a session with a CPA (additional cost) to tackle specific questions and receive advise that will benefit you and your business.
Cons
There are two main areas that need improvement from my perspective:
- Reporting: Limited, it has improved but it is not as robust as Wave yet.
- Transaction filters: The filters are there, the UI needs improvement to make it easier to use them.
It is important to mention that they are focusing on improving the first point, releasing some initial versions of basic accounting reports and showing the drive to invest into making the reporting module a more useful tool for those with the need of forecasting expenses, revenue and overall having an easy way to see the "numbers" of your business.
Reasons for Choosing ReInvestWealth
Pricing changes on their end. We were clients for over 10 yearsSwitched From
WaveReasons for Switching to ReInvestWealth
It was the only one that not only allowed online accounting and invoicing but also managed income tax, sales tax and payroll taxes in Canada at an affordable price and with multicurrency integration.- Industry: Marketing & Advertising
- Company size: Self Employed
- Used Weekly for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
The best accounting tool for solopreneurs
Reviewed on 2025/01/03
It has been hugely valuable to me as a solopreneur. I get expert advice and accounting support at a...
It has been hugely valuable to me as a solopreneur. I get expert advice and accounting support at a very cost-effective rate.
Pros
Reinvest wealth is very easy to use! The AI and learning make tracking my transactions and uploading receipts a breeze and have saved me so much time.
Cons
Nothing - the customer service is fantastic.

- Industry: Restaurants
- Company size: 2–10 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Highly recommended accounting software
Reviewed on 2025/01/23
I had a great experience using ReInvestWealth. The software helped us getting our bookkeeping in...
I had a great experience using ReInvestWealth. The software helped us getting our bookkeeping in order and make tax filing an easy and hassle-less task.
Pros
The automated categorization of transactions and the seamless connections with the different banks is a game-changer and a big time saver. Their AI continuously learn and gets better with time.
Cons
Out of all the features I used, I did not experience something I did not like.
- Industry: Information Technology & Services
- Company size: 2–10 Employees
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Simplicity is the ultimate sophistication
Reviewed on 2025/01/03
When working on the ReInvestWealth panel, you don't feel accounting and bookkeeping is rocket...
When working on the ReInvestWealth panel, you don't feel accounting and bookkeeping is rocket science, unlike other software. However, ReInvestWealth, being a good fit for you, is a matter of your needs. I wouldn't suggest ReInvestWealth to a big corporation with millions of dollars to account for, but for entrepreneurs, small businesses, freelancers, etc. this is the best software I could find (considering everything, including price)
Pros
Simplicity.
As an entrepreneur who also has a full-time job, I never had enough time and knowledge to deal with my company's finances and accounting. I used to use Odoo and then Quickbooks, but both had problems, mostly because of unnecessary features and complications. I wanted something simple that could do the job without requiring me to go through complicated and unnecessary customizations and setups. I could start "WORKING" with ReInvestWealth from the get-go, avoiding spending time on "LEARNING" it!
Cherry on the top, is that ReInvestWealth also does my HST/GST and annual tax submission.
Cons
User experience can be improved. Actions like bulk modification of transactions sometimes could be a challenge. Something annoying is that I have to connect my bank account (CIBC) every month. I know this is not a problem with ReInvestWealth but CIBC, because Odoo also had this problem when I was using it. ReInvestWealth sends me reminders to keep my bank account connected, which is appreciated, but connecting my bank account every month is not desirable.
Alternatives Considered
OdooReasons for Choosing ReInvestWealth
Quickbooks was expensive and complicated for me.Switched From
QuickBooks OnlineReasons for Switching to ReInvestWealth
Support + Tax Filing. Odoo can be free if you only use one of their solutions (like accounting), which is good, but the lack of support and lots of bugs and issues made me pass on it.
- Industry: Marketing & Advertising
- Company size: Self Employed
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Amazing Software Backed by an Incredible Team
Reviewed on 2025/01/19
It’s clear that the software was created by a team passionate about helping businesses succeed....
It’s clear that the software was created by a team passionate about helping businesses succeed. They go above and beyond to provide support, which adds tremendous value to an already excellent product. With ReInvestWealth, you can save countless hours on bookkeeping and feel more confident about my financial management. Highly recommend it to anyone looking for a reliable and supportive solution for their accounting needs.
Pros
The software simplifies complex accounting tasks, from tracking expenses to generating detailed financial reports. The integration with banking systems and the automated bookkeeping features save an incredible amount of time, making it ideal for busy professionals. I also appreciated the customizable dashboard that provides quick insights into my financial health at a glance.
Cons
There really isn’t a “downside.” The responsive customer support team is always available and incredibly helpful, providing guidance and assistance whenever you need it.
- Industry: Management Consulting
- Company size: Self Employed
- Used Monthly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Effective accounting solution, great customer service!
Reviewed on 2025/01/06
The overall experience was very positive. The team is always present when needed and they are very...
The overall experience was very positive. The team is always present when needed and they are very proactive in terms of enhancing the offered solution.
Pros
Solution and support
The solution (software) is very easy to use especially that RIW is reactive to any change request that adds value to users. It is also proactive in introduction of the latest technology to facilitate the bookkeeping process, and I would like to note the AI bookkeeping functionality.
Moreover, the level of support in terms of speed and effectiveness makes me count on RIW whenever I face a difficulty, knowing they would swiftly take care of it.
Cons
There is always room for improvement especially in the software side, but I have to admit RIW is invested and committed to this, so I wouldn't say I like this least, rather, I am looking forward to what is next.

- Industry: Professional Training & Coaching
- Company size: Self Employed
- Used Weekly for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Highly recommended for solopreneurs
Reviewed on 2025/01/17
The onboarding guide within the system was incredibly helpful, and the initial emails provided...
The onboarding guide within the system was incredibly helpful, and the initial emails provided clear, step-by-step instructions that made getting started super easy. Their support team has been great, and I love that they’re always improving the platform—I’m excited to see what updates come next!
Pros
ReInvestWealth is a real game-changer for solopreneurs when it comes to accounting/bookkeeping! I really like how the AI helps you save a lot of time, and that they're one of very few systems that can actually help with filing taxes. Also, knowing that a CPA support is just a click away when I need accounting help is a major plus. One of the most important aspects of any system is their customer support, which is amazing—the ticketing process is quick and I always get fast, helpful responses.
Cons
While ReInvestWealth offers the most essential aspects of an accounting system, I did run into some issues with invoicing. They offer an integration with Stripe (which works perfectly), although it was Stripe itself that posed a few blockers on my end. I had to change my invoicing process because of this. It would be great to see more flexible invoicing options in future updates.
- Industry: Real Estate
- Company size: Self Employed
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Have recommended Reinvestwealth to Friends
Reviewed on 2024/11/07
Generally good. The HST auto file helps. The only piece that needs improvement is the ability to...
Generally good. The HST auto file helps. The only piece that needs improvement is the ability to pick up on the auto match.
Pros
I like the time savings that Reinvest Wealth provides me each month. Much easier than keeping paper receipts and sorting through them each month. [sensitive content hidden] is also very quick to answer any other questions I have.
Cons
Sometimes the auto match doesn't work and I have to manually upload my receipts each month. This is about 40% of the time
- Industry: Design
- Company size: 2–10 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Effortless tax filings
Reviewed on 2024/10/22
My experience with them has been great. They're very responsive and helpful. The platform is...
My experience with them has been great. They're very responsive and helpful. The platform is continuously evolving and improving, and I’m excited to see how it progresses.
Pros
It's super user-friendly. Very easy to track transactions and file taxes. Tax seasons aren't intimidating for me anymore. It takes me less than 2 minutes to file sales taxes, so you get the idea :)
Cons
For small businesses or professionals who have just started making over 30k, the subscription fee might be on the higher side. However, sales tax filing is included, and it makes accounting so easy that it's worth the investment.
- Industry: Education Management
- Company size: 2–10 Employees
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
After-two-years review
Reviewed on 2025/01/19
Pros
They deliver what they promise. As a founder, now I can focus on creating value rather than dealing with accounting and tax work.
Cons
At first, their pricing model was not very affordable, but now I think it is the most affordable pricing available for startups.
- Industry: Human Resources
- Company size: Self Employed
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
ReInvest Wealth is Sleek and Thoughtful
Reviewed on 2024/10/17
It has been a pleasure working with ReInvest Wealth. Starting my own business was daunting and I...
It has been a pleasure working with ReInvest Wealth. Starting my own business was daunting and I wanted to work with a company that was specialized in entrepreneurial start ups and needed accounting/tax expertise at fair rates. ReInvest Wealth has been that and more. The platform is super sleek and keeps track of everything I need. The 1:1 support has been extremely helpful and gives me the reassurance I need to run my business.
Pros
Sleek platform, easy to use + 1:1 support that can be booked in a reasonable amount of time.
Cons
The cost will go up after the initial promo term.
- Industry: Entertainment
- Company size: 11–50 Employees
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Really easy to use and save SOOOO much time!
Reviewed on 2024/10/18
Pros
Easy to use and AI features save a lot of time
Cons
Love the easy integration! The team are super responsive as well
- Industry: Information Technology & Services
- Company size: 2–10 Employees
- Used Monthly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Must have subscription for small business
Reviewed on 2024/11/10
Pros
Very user friendly and removes lot of burden on accounting.
Cons
Some bugs when filing the taxes but got resolved quickly.