ReInvestWealth

5.0 (13)
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AI-powered accounting software for modern entrepreneurs.

About ReInvestWealth

ReInvestWealth is an advanced accounting software designed to streamline the financial management of modern businesses. Powered by cutting-edge AI technology, the software maximizes tax deductions and reduces the workload of business owners through its user-friendly interface.

The software's Smart Shoebox feature allows users to easily upload receipts, which are then automatically matched with their corresponding bank transactions, ensuring seamless audit compliance. The AI Bookkeeper operates 24/7, continuously improving and managing the books, even in the absence of receipts. The online invoicing functionality integrates with Stripe, automatically reconciling payments, sales taxes, and processing fees. For Canadian businesses, the software offers a convenient GST, HST, and QST e-filing solution that identifies legal tax deductions.

The Tax Saving Detector identifies and maximizes tax-saving opportunities for every business transaction, while the unlimited bank connections and transactions feature allows users to link multiple business accounts and automatically import transactions. The smart recommendations provide valuable insights based on cash flow analysis, helping users track performance and find relevant write-offs and tax credits. With customizable automation formulas and tax estimation tools, ReInvestWealth empowers businesses to master their financial operations with ease and confidence.


Key benefits of ReInvestWealth

- Reduced accounting costs
- Better financial insights
- More accurate bookkeeping
- Digital receipt management
- Simplified accounting and bookkeeping

- Automatically imports bank transactions to speed up bookkeeping and stay audit compliant

- AI bookkeeper works 24/7, gets smarter over time, and handles books even with missing receipts

- Online invoicing through Stripe integration reconciles payments, sales taxes, fees, etc.

- E-file sales tax in just 3 clicks and maximize legal tax deductions for your Canadian business

Identifies and maximizes tax savings opportunities for every transaction when bank account is connected


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ReInvestWealth Software - mobile app
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ReInvestWealth

5 (13)
VS.
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Starting Price

US$9.00
month
R 35.00
month

Pricing Options

Free version
Free trial
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Features

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Integrations

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Ease of Use

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Value for Money

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Reviews

Overall rating

5 /5
(13)
Value for Money
4.8/5
Features
4.5/5
Ease of Use
4.9/5
Customer Support
4.9/5

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Showing 5 reviews of 13
Rodrigo
Rodrigo
Overall rating
  • Industry: Computer Software
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • 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.

Alternatives Considered

HoneyBook, Sage Accounting, QuickBooks Online and Fiskl

Reasons for Choosing ReInvestWealth

Pricing changes on their end. We were clients for over 10 years

Switched From

Wave

Reasons 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.
Becca
Overall rating
  • Industry: Marketing & Advertising
  • Company size: Self Employed
  • Used Weekly for 1-5 months
  • 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.

Aziz
Aziz
Overall rating
  • Industry: Restaurants
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • 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.

Verified Reviewer
Overall rating
  • Industry: Information Technology & Services
  • Company size: 2–10 Employees
  • Used Monthly for 1+ year
  • 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

Odoo

Reasons for Choosing ReInvestWealth

Quickbooks was expensive and complicated for me.

Switched From

QuickBooks Online

Reasons 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.
Bobby
Bobby
Overall rating
  • Industry: Marketing & Advertising
  • Company size: Self Employed
  • Used Daily for 6-12 months
  • 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.

Showing 5 reviews of 13 Read all reviews

ReInvestWealth FAQs

Below are some frequently asked questions for ReInvestWealth.

ReInvestWealth offers the following pricing plans:

  • Starting from: US$9.00/month
  • Pricing model: Subscription
  • Free Trial: Available

ReInvestWealth has the following typical customers:

Self Employed, 2–10, 11–50

ReInvestWealth supports the following languages:

English, French

ReInvestWealth supports the following devices:

ReInvestWealth integrates with the following applications:

Plaid, Stripe

ReInvestWealth offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

Related categories

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