Pilot is a bookkeeping and accounting software for startups and growing businesses. It provides a reconciliation of books of account and facilitates consultations with finance and tax experts for help in managing books, taxes, and payroll. It can also assist in preparing tax reports and filings. Its pricing starts at $599 per month, and it works best for medium-sized businesses who need a bookkeeping software in expanding their operations.
Pilot Pros and Cons
Unlimited connected accounts
Invoice tracking is only included in the highest-priced plan
Integrates with QuickBooks Online and other accounting platforms
Detailed accounts payables and accounts receivables reports are not included automatically
Properly segmented reports by class, department, or location
Who Pilot Is Best For
- Medium-sized businesses that are looking to expand their operations: Pilot offers advanced bookkeeping services that are built specifically for those considering growth in their business timeline. Its accrual-basis reporting allows businesses to implement a more sophisticated approach to their records right from the beginning, saving them time in transitioning their records as they grow.
- Tech startups: Pilot offers a two-tiered approach built for modern businesses, including tech startups. It offers bookkeeping software that can help you automate tasks related to your financial records. It also offers the services of a bookkeeping professional, who can update your books for you. All of these documents are available electronically, providing you an easy way to access them anytime.
Pilot offers three subscription plans: Pilot Core (starts at $599/month), Pilot Select (starts at $849/month), and Pilot Plus (custom-priced). The main differences between the plans include the user’s monthly expenses, the number of special transactions per month, industry-standard financial ratios, and access to premium features, such as accounts receivables (A/R), accounts payables (A/P), and inventory tracking.
Starts at $599
Starts at $849
Profit and Loss Reports
Cash Flow Statements
Industry-standard Financial Ratios
A/P, A/R, and Inventory Tracking
Pilot offers discounts for prerevenue companies up to $200 per month in their first year. If you are interested in ongoing promotions, you may visit its website to sign up for a free trial.
Pilot Core is ideal for small businesses. It comes with standard bookkeeping services like profit and loss reports, balance sheets, and cash flow statements. Subscription to this plan also includes consultations with a dedicated finance expert, accrual basis bookkeeping, and online customer support and advice.
Pilot Select includes all the benefits offered by the Core plan and is best for growing businesses that need more support. It also comes with concierge services like expedited book delivery, recurring monthly phone reviews, and priority support.
Pilot Plus offers all the same benefits in the Select plan. In addition, it comes with support for multiple entities, classes, and locations, A/R, A/P, and inventory tracking, billable expenses, and fully customizable charts of accounts. It is great for larger businesses with more complex requirements.
Pilot 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
Pilot’s integration with the QuickBooks Online platform allows them to provide comprehensive bookkeeping services and advanced reporting. It also offers the services of finance and tax professionals that can help users with their reporting and filing requirements. Some of its key features include bookkeeping, tax services, and chief financial officer (CFO) services.
Pilot’s accounting services help you track your cash flow and reconcile your accounts. Users are provided with monthly books that it guarantees to deliver on time and with no errors. It also gives you access to a finance expert dedicated to your business, who can help you manage your books, prepare your taxes, and even select the right payroll provider.
Pilot’s tax module can help you prepare and file your income tax returns. It facilitates federal and income tax filing, 1099s, and Delaware Franchise Tax filings. It offers a dedicated tax preparer who can provide you with sufficient guidance in preparing your tax filings. It also comes with live status updates on all your filings.
Pilot also offers the services for a CFO who can help you with your budgeting and in building your financial strategies.
- Monthly engagement: This starts at an additional $300 per month on top of your subscription. It can help you review your financial health and provide you with board deck advice.
- Annual budgeting services: This is an add-on service available for $1,500 per year. This can help analyze your business drivers to build personal forecasts, including predictions for revenue and expenses.
- Fundraising strategy and support: This comes at an additional $15,000 per year. It provides you with the services of a fundraising strategy expert to help you in your fundraising efforts, including preparing comprehensive pitches, narratives, and deck designs.
Most Helpful Pilot Reviews
The services of financial professionals provided by Pilot have received a lot of praise online. Its bookkeeping module has also garnered good reviews for being comprehensive and accurate. Many users like its integration with QuickBooks and other accounting software. Its recent pricing hike, however, was not very well received, with some criticizing that they were not notified of the price increase.
Efficient bookkeeping services
One user in G2 commented that Pilot allowed her to automate repetitive bookkeeping tasks, saving them a lot of time. She added that its financial services are delivered on time and that its experts are reachable easily. She also praised Pilot’s customer service team for providing them with efficient onboarding services.
Existing users were not informed of the steep price increase
Another reviewer on G2 complained that Pilot raised its prices in 2020 by 300% without informing existing users. He added that this sudden steep price increase is burdensome for smaller businesses.
Pilot Frequently Asked Questions (FAQs)
Can I get access to AP and AR reports?
Accounts payables and accounts receivables reports are included in the Plus plan. For subscribers of the Core and Select plans, they have the option to add those to their existing subscriptions.
Can I use the cash basis in my bookkeeping reports?
Pilot offers accrual-basis reporting by default. However, for those who prefer to use cash-basis reporting, it is also available upon request.
Is Pilot available for international companies?
Pilot can support any United States entity no matter where you are based, and US entities with foreign subsidiaries. However, it is currently not available for foreign entities.
Can I cancel my subscription?
You will just have to inform Pilot, and your subscription will stop at the end of your billing cycle. You may also refer to your subscription terms for more details.
Our Top Small Business Accounting Software Providers
In case you still aren’t sure if Pilot is right for you, then this article on the best small business 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 cost, ease of use, and the ability to track both income and expenses.