Financial Cents

Practice management software for accounting firms

4,8 /5 (36 reviews) Write a Review!

Financial Cents Overview

What is Financial Cents?

Financial Cents is an accounting practice management software designed to help bookkeeping and accounting firms automate data collection processes, handle projects, collaborate with staff members, and manage tasks on a centralized platform. Administrators can automate recurring projects such as bi-weekly payroll or monthly bookkeeping operations and utilize practice templates to streamline workflows across the organization.

Financial Cents allows team members to access clients’ interaction details and use the web portal to communicate and request required documents from customers. Supervisors can define steps for tasks or subtasks, track billing processes and configure access permissions for staff members. It also lets accounting firms store customer information such as contact details, documents, passwords, and notes in a centralized repository.

Using Financial Cents, bookkeepers can track the time spent on projects, export data to process invoices, and monitor clients’ financial performance through custom reports. Accounting firms can also schedule automated reminders to follow-up with customers and secure confidential information using Transport Layer Security (TLS) encryption.

Financial Cents Overview

Pricing

Starting from
US$19,00/month

Pricing options

Free Trial
Subscription
Value for money

Financial Cents is offered across two pricing plans, outlined below. A free trial is available.
• Annual Plan: $15 per user per month billed annually
• Monthly Plan: $19 per user per month billed monthly


Financial Cents Features

Devices
Business size
S M L
Markets
United States, Canada
Supported Languages
English

Media

Financial Cents bookkeeping
Financial Cents dashboard
Financial Cents time tracking reports
Financial Cents projects
Financial Cents screenshot: Financial Cents bookkeeping Financial Cents screenshot: Financial Cents dashboard Financial Cents screenshot: Financial Cents time tracking reports Financial Cents screenshot: Financial Cents projects

Financial Cents Reviews

Financial Cents Reviews

Overall rating
4,8
/
5
Excellent
27

Very good
9

Average
0

Poor
0

Terrible
0

Value for Money
4,9
Features
4,4
Ease of Use
4,9
Customer Support
4,8
100% recommended this app
John G.

To good to keep a secret.

It does not take a full time person to keep it up to date. Actually each user keeps their own work up to date and an administrator only jumps in to work on missed due dates.


Cathleen V.

solved several pain points for us

Lack of collaboration with team members was a frustrating problem. - I didn't want to use Teams, my experience with it has not been good. With the "chat" style comments and notes being at the project level or at the task level and notifications of call-out(s), it all becomes very organized for us.

Client and project info (email, text) converted into notes to attach to a client, project or task has been a godsend in this software. We had the ability to send notes to projects in our last software, but if you didn't know that it was there (say another individual working on the project) you would never see it.

Requests for client information was not an automated procedure for us and involved several steps which inherently enticed the client to attach sensitive information to the emailed request and return. We would then have to reject the email pursuant to our security policy. This is a very automated request - to portal upload procedure.

Our workflows were not even being utilized in our prior software as they were too convoluted and contributed to the noise. Triggering events didn't work properly and with the dashboard being too noisy, no one paid attention to alerts. Resolved with the notifications and better abilities to filter down on dashboard views.


Nikki B.

User Friendly workflow


Krista S.

I LOVE Financial Cents

I have just started creating my account and will be implementing it starting August 1st. In the process of moving everything over from my current CRM. But everything I have seen that it does, I am very happy and excited to start using it. It will save me so much time between tracking my employees time in another 3rd party and trying to figure out if I am over budget with hours for my clients. Right now I have to print a report in QBO and then put the hours in an excel spreadsheet and compare with the budget. F.C. will do all that within the software. Plus it will let my employees know how much time they have to work with so they can also watch their time and know if they are taking too long on a project.


Nancy W.

Financial Cents is helping us take our practice to the next level.

Other than having to do a lot of copying and pasting, and struggling with the lack of reports we really need, we couldn't be happier with the application as well as the customer service. Since Financial Cents is still relatively young, they are constantly developing and adding new features. If we're having issues, they get back with us almost immediately. We are more organized today as a firm than we ever have been, all because of Financial Cents.


John G.
Industry: Accounting
Company size: 2-10 Employees

To good to keep a secret.

Used Daily for 1-5 months
Reviewed on 2020/07/02
Review Source: Capterra

It does not take a full time person to keep it up to date. Actually each user keeps their own work up to date and an administrator only jumps in to work on missed due dates.

Pros

Built in videos that walk you through each section of the program.

Cons

We hesitated to write a review because this program is such a boon to our accounting practice we did not want knowledge of it to leak out to other accounting practices.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Cathleen V.
Industry: Accounting
Company size: 2-10 Employees

solved several pain points for us

Used Daily for 1-5 months
Reviewed on 2020/10/27
Review Source: Capterra

Lack of collaboration with team members was a frustrating problem. - I didn't want to use Teams, my experience with it has not been good. With the "chat" style comments and notes being at the project level or at the task level and notifications of call-out(s), it all becomes very organized for us.

Client and project info (email, text) converted into notes to attach to a client, project or task has been a godsend in this software. We had the ability to send notes to projects in our last software, but if you didn't know that it was there (say another individual working on the project) you would never see it.

Requests for client information was not an automated procedure for us and involved several steps which inherently enticed the client to attach sensitive information to the emailed request and return. We would then have to reject the email pursuant to our security policy. This is a very automated request - to portal upload procedure.

Our workflows were not even being utilized in our prior software as they were too convoluted and contributed to the noise. Triggering events didn't work properly and with the dashboard being too noisy, no one paid attention to alerts. Resolved with the notifications and better abilities to filter down on dashboard views.

Pros

The visual approach to projects coupled with the ability to filter your view down much easier allows us to get the future "noise" out of our way until needed for time budgeting or a more wide-angle view, letting us hunker down on the here and now, We have moved from a package that was so "noisy" on the dashboard, staff members were keeping their own spreadsheets on projects and tasks.

Biggest pain point resolution for us was the collaboration abilities: chat style with the ability to "call out" particular staff members and keep the notes. Too many things were in people's heads, or in their email boxes, not connected with the project or client. I will no longer hear "the client emailed me the info" or "the client texted me the info". While we can't integrate those two sources directly with the software, a quick copy and paste resolves that, call out the staff member with an @name leader and go from there. Indispensable with remote workers, no more broken email threads!

The front point person for this software is super responsive to questions, suggestions, etc - I have actually never seen anything like it where sales actually does integrate with support! A simple suggestion to round out the support experience became reality within a week. It is so pleasant to have a software team leave me with a smile on my face every day rather than putting a cloud over my head for the rest of the day.

Cons

No integrated e-mail triage, although you can forward emails to an "in-box" to turn them into one-off projects or to-do items.

It was a bit difficult at first to lean into the idea of breaking up our original software into two software packages as this is not a full DMS, but in doing so and purchasing a true, dedicated DMS system, I realize how much our old software was lacking in DMS capabilities by trying to be all things, so the downside actually ended up being an upside for us.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Nikki B.
Industry: Accounting
Company size: 2-10 Employees

User Friendly workflow

Used Daily for 1-5 months
Reviewed on 2020/10/26
Review Source: Capterra

Pros

I like the easy navigation, the simple, fresh interface, and the easy filtering options. It been extremely beneficial having the tutorial videos easily accessible on the left toolbar.

Cons

I wish that the recurring tasks would all show up on the reports rather than just the current recurring task that is incomplete. I'd also like to see a billing/invoicing feature added to the software. A proposal/estimation feature would be helpful as well.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Krista S.
Industry: Accounting
Company size: 2-10 Employees

I LOVE Financial Cents

Used Daily for Free Trial
Reviewed on 2020/07/29
Review Source: Capterra

I have just started creating my account and will be implementing it starting August 1st. In the process of moving everything over from my current CRM. But everything I have seen that it does, I am very happy and excited to start using it. It will save me so much time between tracking my employees time in another 3rd party and trying to figure out if I am over budget with hours for my clients. Right now I have to print a report in QBO and then put the hours in an excel spreadsheet and compare with the budget. F.C. will do all that within the software. Plus it will let my employees know how much time they have to work with so they can also watch their time and know if they are taking too long on a project.

Pros

This had everything you need in a CRM. From Timekeeping, track estimated hours a job should take, billing, effective hourly rate, automated client tasks reminders. Recurring tasks. It also has a chat with support right in the software and they are very responsive and answers all my questions that I may have throughout setting up my account. Clients can get reminded for task they need to complete and they can upload right into the software without setting up a login for themselves. I am super excited about this feature. I won't have to worry about reminding them. They are reminded how often you want until they complete the task.

Cons

The fact we have to pay per user. It could get expensive if I hire too many employees. But for what it offers, it's worth what I pay for now. I have 3 users.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Nancy W.
Industry: Accounting
Company size: 2-10 Employees

Financial Cents is helping us take our practice to the next level.

Used Daily for 1-5 months
Reviewed on 2020/10/16
Review Source: Capterra

Other than having to do a lot of copying and pasting, and struggling with the lack of reports we really need, we couldn't be happier with the application as well as the customer service. Since Financial Cents is still relatively young, they are constantly developing and adding new features. If we're having issues, they get back with us almost immediately. We are more organized today as a firm than we ever have been, all because of Financial Cents.

Pros

It has really helped our firm keep track of all work we do for our clients without things falling through the cracks. Because of that, we are able to elevate the level of service we give our clients. By documenting every phone call, email and meeting, we don't have to sift through files looking for the last thing we talked about or did for them.

Cons

We spend a lot of time copying and pasting activities we do for clients between their main dashboard and projects we are working on for them. Then if the client has multiple entities, that chore is magnified. It also lacks a robust reporting feature that we are keeping our fingers crossed they implement very soon.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9,4/10
Based on 36 user ratings
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Financial Cents Pricing

Financial Cents Pricing

Starting from
US$19,00/month
Free Trial
Subscription
Value for money

Financial Cents is offered across two pricing plans, outlined below. A free trial is available.
• Annual Plan: $15 per user per month billed annually
• Monthly Plan: $19 per user per month billed monthly

Financial Cents is offered across two pricing plans, outlined below. A free trial is available.
• Annual Plan: $15 per user per month billed annually
• Monthly Plan: $19 per user per month billed monthly

Value for Money
4,9/5
Based on 36 user ratings
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Financial Cents Features

Financial Cents Features

API
Accounting Integration
Activity Dashboard
Activity Tracking
Automatic Notifications
Billing & Invoicing
Calendar Management
Customer Database
Customizable Reporting
Data Import/Export
Document Management
Document Storage
Electronic Payments
Inventory Management
Inventory Tracking
Invoice Management
Reminders
Reporting & Statistics
Search Functionality
Third Party Integration
Features
4,4/5
Based on 36 user ratings
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Categories

Additional information for Financial Cents

Additional information for Financial Cents

Key features of Financial Cents

  • Approval Process Control
  • Billing & Invoicing
  • Client Management
  • Client Portal
  • Document Management
  • Project Management
  • Scenario Planning
  • Workflow Management

Financial Cents FAQs

Financial Cents FAQs

Below are some frequently asked questions for Financial Cents.

Q. What type of pricing plans does Financial Cents offer?

Financial Cents offers the following pricing plans:

Starting from: US$19,00/month

Pricing model: Subscription

Free Trial: Available

Financial Cents is offered across two pricing plans, outlined below. A free trial is available. • Annual Plan: $15 per user per month billed annually • Monthly Plan: $19 per user per month billed monthly

Q. What are the main features of Financial Cents?

Financial Cents offers the following features:

  • Approval Process Control
  • Billing & Invoicing
  • Client Management
  • Client Portal
  • Document Management
  • Project Management
  • Scenario Planning
  • Workflow Management

Q. Who are the typical users of Financial Cents?

Financial Cents has the following typical customers:

Small Business, Mid Size Business

Q. What languages does Financial Cents support?

Financial Cents supports the following languages:

English

Q. What type of pricing plans does Financial Cents offer?

Financial Cents has the following pricing plans:

Subscription

Q. Does Financial Cents support mobile devices?

We do not have any information about what devices Financial Cents supports

Q. What other apps does Financial Cents integrate with?

Financial Cents integrates with the following applications:

QuickBooks Online

Q. What level of support does Financial Cents offer?

Financial Cents offers the following support options:

Knowledge Base, Online Support, Video Tutorials