inDinero is a scalable cloud-based accounting software that helps you create a cash plan and budget, generate financial reports, prepare tax returns, and more. Its features include invoicing, monthly reconciliations, automated transaction imports, and a mobile app. Prices start at $300 per month, and it’s best for startups that need a cash-basis accounting process and small businesses that require an accrual accounting method.
inDinero Pros and Cons
Scalable and easy to use
Tedious bill payment process
Tax filing service is great
Becomes glitchy at times
Extremely responsive customer support
Who inDinero is Best For
- Startups that need cash-basis accounting: inDinero’s Essential plan gives you access to a cash-basis accounting process that can help you plan for your startup’s future funding and create a financial forecast.
- Small businesses that require accrual accounting: Its Custom plan is particularly designed to help growing companies that need accrual accounting, controller support, and fractional chief financial officers (CFO) services.
inDinero’s pricing guide shows two packages with fees that start at $300 per month. The plans vary in terms of the target users and access to premium features such as advanced revenue recognition, custom reporting, and multiple entity support.
Starts at $300
Startups that need cash-basis accounting
Companies that require
Looking for a company that scales as you grow? Check out QuickBooks.
inDinero also offers a basic tax filing service with fees that start at $1,600. It includes tax preparation and filing of one federal and one state tax return. You will be charged extra fees for additional tax filings.
Designed for startups that need simple cash basis accounting, Essential includes the following: automated transaction imports, document management, monthly reconciliations, employee reimbursement, accounts receivable (AR) and accounts payable (AP) tracking and reporting, a profit and loss (P&L) and balance sheet, a dedicated account manager, and a mobile app.
If you need accrual accounting, controller support, and fractional CFO services, then inDinero’s customized plan is for you. It includes all of the features in Essential with the addition of advanced revenue recognition, custom reporting, multiple entity support, cash flow projections, inventory reconciliation, payroll support, and a dedicated controller.
inDinero Alternatives 2020
Businesses that want the most widely used small business accounting software that scales as they grow
Solopreneurs and freelancers who need to streamline customer invoicing and payment collection
Businesses in the nonprofit, manufacturing and distribution, professional services, contracting, and retail industries
Businesses that use other Zoho products like Zoho CRM
Whether you are a startup that needs basic accounting features or a company that requires fractional CFO services, inDinero has a wide range of solutions that can support your needs. Let’s take a look at some of its top functionalities to help you gauge whether or not inDinero is for you.
inDinero lets you automatically reconcile your financial transactions on a monthly basis. It includes customized matching and grouping rules to simplify the reconciliation process and increase its accuracy.
Gain better control of all of your business files in one place. inDinero serves as your virtual filing cabinet where you can upload, download, view, or delete financial documents such as capitalization tables, monthly billing statements, and tax returns.
AP/AR Tracking and Reporting
This feature enables you to streamline, manage, and monitor your accounts payable—such as purchase order and payments and accounts receivables—like invoices, customer receipts, and collections.
Available in the Custom plan, this functionality is designed for those who don’t want to settle for templated reports. You may customize your financial reports based on the unique requirements of your business.
Most Helpful inDinero Reviews
Users who gave positive inDinero reviews like that it is flexible and easy to use. Some are impressed by its tax filing service, while others praise its responsive customer support. Meanwhile, those who left negative reviews dislike that the platform becomes glitchy at times and that its bill payment process is time-consuming.
Efficient tax filing service; responsive customer support
“inDinero definitely organizes our company finances well. It makes it easy for us to scale, and it explains very well how each decision affects our company’s bottom line. We also enjoy the tax filing aspect of our agreement. Its customer support is No. 1. When there is a question, a response is almost immediate (within the same day) and attention to detail is paid to your inquiry.”
Tedious bill payment process
One user who left negative reviews on G2 mentioned that the whole process to pay a bill is time-consuming, explaining that he has to undergo four or five steps to process a payment transaction. He added that recurring bills are not paid automatically.
inDinero Frequently Asked Questions (FAQs)
How can inDinero’s CFOs help me?
Its fractional CFOs can help you with the following:
- Board reports and presentations
- Financial projections and models
- Business analytics and key performance indicators (KPIs)
- Strategies finance consulting
- Exit planning
- Budgeting and cash management
- Capital raises
- Venture debt financing
- Equity management
Where can I download its mobile app?
You may download its mobile app on Google Play or the App Store.
What software does it integrate with?
inDinero integrates with QuickBooks, NetSuite, Gusto, PayPal, Stripe, and Brex.
Our Top Accounting Software Providers
If you aren’t sure that inDinero is right for you, then this article on the best accounting software is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on features like detailed financial statements, invoicing, and bill tracking.