Neat is an automated bookkeeping software that helps you easily reconcile financial transactions, track receipts, and file taxes. Its features include expense reports, unlimited document storage, line itemization, and QuickBooks (Online and Desktop) integration. Its monthly fees start at $15 for 100 financial documents, and it is best for sole proprietors and small businesses.
Neat Pros and Cons
Neat and user-friendly website
Lacks invoicing functionality
Great scanning capability
Unresponsive customer support
Excellent printable reports
Who Neat is Best For
- Sole proprietors and small businesses: Its Complete plan caters to accounting and fiscal teams with up to five members, and it’s designed to help manage 100 to over 12,000 financial documents per year.
Neat’s pricing page shows two plans: Basic ($15 per month for 100 documents) and Complete (starts at $35 per month for 100 documents). The plans vary in terms of the numbers of users and financial documents, the accuracy of data processing, and access to bank and credit card streaming, transaction reconciliation, line itemization, and other advanced functions.
(For 100 Documents/Month)
(For 1,200 Documents/Year)
(Up to five users)
Looking for a company that scales as you grow? Check out Quickbooks.
*Lump sum billing
**Those who need more than 12,000 documents may get in touch with the provider for a quote.
You will be glad to know that you will get two months for free if you subscribe on an annual basis. However, Neat also gives additional discounts from time to time, so visit its website to check if it has one on offer today.
Basic is good for a single user, and its features include receipt capture, unlimited document storage, standard data processing (80% accuracy), QuickBooks Online integration, and customer support availability through email and chat.
Designed for up to five users, this plan has all of the features in Basic, in addition to bank and credit card streaming, transaction to document matching, transaction reconciliation, line itemization, advanced data processing (99% accuracy), QuickBooks Online and QuickBooks Desktop integrations, and unlimited customer support through phone, email, and chat.
If you subscribe on a monthly basis, then you can manage 100 to 1,000 docs per month for prices that range from $35 to $250 per month. On the other hand, if you go for an annual subscription, then you can reconcile 1,200 to 12,000 documents per year for fees that range from $29 to $208 per month.
Neat Alternatives 2020
Online Bookkeeping Services
Startups and small businesses that have a tax professional but need a bookkeeper
Small businesses that want an all-in-one solution: bookkeeping, payroll, and tax
Small businesses that want an affordable rate
Tech startups or any small business just getting off the ground
Small to medium-sized businesses that want to use QuickBooks and Xero bookkeeping, accounting, and advisory solutions
Businesses interested in 24/7 accounting and support with real-time financial details
Neat has rich features such as receipt capture, transaction reconciliation, and advanced data processing to help you automate your bookkeeping tasks, match transactions, and file taxes. Let’s take a closer look at its top functionalities to help you determine if Neat is the right tool for you.
Keep track of your expenses by scanning and snapping a picture of your receipt using Neat’s mobile application or dragging-and-dropping your documents into the platform. Its optical character recognition (OCR) tool will automatically convert your document into keyword-searchable data.
Reconcile your financial documents against your bank transactions and upload your data to simplify tax filing.
Advanced Data Processing
For Complete subscribers, you can automate data entry tasks and maximize accuracy with the combined power of OCR and parsing. Its 99% accuracy rate helps you avoid data entry errors.
Bank and Credit Card Streaming
This allows Complete users to link a credit card, bank, and loan accounts to the platform, which will automatically process real-time transaction streaming. It also enables the management of all financial data in a single platform.
Most Helpful Neat Reviews
Users who gave positive Neat reviews like that its website is clean and easy to navigate. Others commended its great scanning functionality, while some are impressed with its printable reports. Meanwhile, those who left negative reviews said that it lacks an invoicing feature and that its customer support team is unresponsive.
Great scanning and search function functionalities
Some users who left positive reviews on Capterra praised its excellent search feature. Meanwhile, others like that Neat allows them to scan and organize their financial documents, adding that they can zoom them in and out and print them.
Lacks invoicing feature; unresponsive customer support
Users who left negative reviews on Caperra wish that it had the ability to create and send invoices to their customers. Others dislike that its customer support doesn’t always answer client queries and concerns.
Neat Frequently Asked Questions (FAQs)
What does Neat consider as financial documents?
Financial documents include statements, receipts, bills, and invoices.
What does its free trial offer?
Its 15-day free trial gives you full access to all of its features and the ability to upload up to 100 financial documents.
Does it have a mobile app?
Yes, it does, and you may download it on Google Play and the App Store.
Our Top Bookkeeping Service Providers
If you aren’t sure that Neat is right for you, then this article on the 7 Best Online Bookkeeping Services is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on cost, ease of use, and services like basic bookkeeping, cash and accrual accounting, payroll, and tax return.