Plooto Accounting Software

7.7Expert Score

Plooto Accounting software Review 2023

Plooto is an accounting software program that was founded in 2015. The program was designed to be away from accounting firms and businesses to streamline the accounts payable and accounts receivable processes. Since that time, there are thousands of companies that use Plooto. These companies are of all shapes and sizes. With access to a streamlined program that is. easy to use, Plooto might help your business save time on accounting and improve the efficiency of your daily operations. What are the main features businesses should note?

Price

8

Customer Service

8.7

Accounting Standard Features

9

Reporting

7

Intergrations

8

Platforms

9

Time in Business

8

PROS

• Ease of Use: It is very easy to get started using Plooto. It doesn't take any more than a few minutes, and it is very easy to navigate the menu. Even team members who do not have a lot of technological experience should have an easy time navigating the program.
• Automation: The program provides access to basic automation features that allow users to save time by eliminating clerical work. That way, team members can spend their time focusing on other parts of the business.
• Deep Integrations: The program also integrates with Xero and QuickBooks, two of the most popular software programs. It is easy to pass information back and forth between the programs, saving time.

CONS

• Lack of Features: The program can handle accounts payable and accounts receivable, but it cannot handle anything outside of this area. The features are relatively limited, particularly when compared to numerous other programs that are on the market. This can be a problem for companies that are looking for more customizable options.
• Lack of Integrations: Even though the program does have two outstanding integrations, these are the only two available. Businesses that use programs outside of Xero and Quickbooks are going to be out of luck if they're looking for a way to come by the fairgrounds together.
• Lack of Phone Support: Customer support can be a significant issue when it comes to Plooto. There is no phone support available, but the program does offer live chat support.

Plooto as an Accounting Software: An In-Depth Look  

If you are looking for a way to save time and money, then you need a reliable accounting software program. One option is Plooto, which provides access to a wide variety of functionality and features that could help businesses streamline their daily operations. Is Plooto the right program for your business? Take a look at the highlights below, and compare the pros and cons to some other programs out there. Then, decide if Plooto is the best accounting program for your company.

Plooto: The Main Features

This is a program that provides companies with access to a core set of features that can make it easier to handle payments. This includes both outgoing and incoming transactions. Because of the extreme focus on accounting, the program might appear to lack a lot of bells and whistles when compared to alternatives. Even though this was intentional, it also makes the program easier to use. Businesses that are looking for fancy programs with a wide variety of options may not find them in Plooto, a company that is looking for a simple, straightforward program that can make it easier to handle incoming outgoing transactions may enjoy the short learning curve associated with Plooto.

A few of the most important features of Plooto include:

Plooto and Accounts Receivable

First, this is a program that can sync with your accounting software program. Then, it will automatically import invoices that you have created. This begins the process of collecting payments. Using this program, you can send your customers and notification with instructions for how they can pay online. This is a program that provides our customers with options including debit payments and credit cards. It is also possible for you to manage your contacts in this area. You can set up debit agreements, see the status of payments that are being processed, and reconcile your accounts with ease.

Plooto and Accounts Payable

You will also have access to a straightforward accounts payable process. You can use this program to customize the rules of your accounting processes, making sure the right person receives the information they need to approve payments. You can also create approval tears that are based on criteria that matter to your company. That way, you can make sure that people do not have access to information they do not require to do their jobs. This is important for online security in the current environment. Furthermore, Plooto will update your integrated accounting software programs, making sure you have a clean audit trail in case you need to check something in the future.

Online Check Payments Through Plooto

If you have a company that typically pays (or gets paid) using physical checks, that is not a problem for Plooto. Once a bill has been imported from your accounting software program, it will easily go through the approval process. You can choose to send a physical check to the recipient using Plooto. The program can print out the check and make sure it is mailed to the right place. That way, you don’t have to worry about doing this on your own.

These are just a few of the biggest features that come with Plooto. Even though it does not have a wide variety of features like some of the other accounting software programs, it carries out its core tasks well. It does not take long to learn how to use the accounts payable or accounts receivable sections associated with Plooto.

Is Pluto Easy To Use?

Because the program does not have a large number of features, it is relatively easy to use. After you register with the platform, you will visit the home screen. There, you can see the steps you need to accomplish before you create your first account.

Before you get started, you will have to verify important information about your company. This includes your address, your operating status, and some other simple demographic information. You can also upload a photo ID and your bank account information to make sure the accounting program is accurate. Once this is done, you can create your first payment, add a few team members, and automate various tasks.

When you take a look at the menu, you will instantly realize just how easy it is to use the program. There are not a lot of menu options, with the most important ones being accounts payable, accounts receivable, and contacts. Because the program is so simple, you can figure out what you need to do within a few minutes.

All businesses need to compare these benefits and drawbacks before they make a decision on whether Plooto is right for them. Even though the benefits might be worth it for some companies, the drawbacks can be a significant issue for other businesses.

Integrations Supported by Plooto

As mentioned, there are two significant integrations that are available through Plooto. These include:

Xero

The first integration is with Xero. The integration allows businesses to seamlessly transfer data between the two programs. This makes it easier for businesses to perform automatic reconciliation, removing manual data entry and preventing mistakes from taking place. Businesses will have access to more financial data and insights they can use to make better decisions. This integration makes it easier to keep track of payment records, conduct audits, and reconcile information. Whether this involves sending checks or electronic payments, the integration makes it easier for businesses to keep track of money as it flows from place to place.

The steps include:

• The bills are imported into Plooto
• Plooto emails the approvers, who approve the payment online
• Plooto makes the payment and maintains an audit trail
• Plooto automatically records the information in Xero

QuickBooks

The other integration is with QuickBooks. This makes it easier for businesses to move data from one program to another. Data is moved both ways, and it is possible to take advantage of automatic reconciliation. Because employees do not have to enter data manually, this can produce the chances of making a mistake. Businesses can keep track of the information they need to make decisions quickly. Using this program, it is possible to audit the books, reconcile information, and generate payment records. It is also possible for companies to track money, making sure they keep the books balanced.

The steps in this process include:

• All bills are imported into Plooto
• Plooto sends an email to the approvers, who approve the payment online
• Plooto transmits the payment and records the information for the paper trail
• Plooto automatically records the transaction in QuickBooks

What Is the Customer Support Like?

When something goes wrong, you need to know professionals are available to assist you. Fortunately, the customer response team is relatively supportive. They are always available using live chat; however, one of the major drawbacks is that there is no phone support option available. The team works hard to sort out technical issues and make sure you get pointed in the right direction, but because there is no phone support option, it can take significantly longer to rectify the issue.

There are multiple options may know when it comes to solving issues. You can speak to a professional representative using online chat support during business hours. You will also have access to email support for problems that are larger or that require a more detailed explanation. Furthermore, frequently asked questions, there is a simple page you can visit that might be able to take care of your issue. You can also take advantage of video tutorials that are published on the YouTube channel. This may be able to help you learn more about how to use the program.

Finally, if you are looking for other explanations, there are blogs available as well. The articles usually focus on best practices, making sure users are able to take full advantage of the program. There are also a few tips that might be able to help companies and streamline their accounting procedures.

Overall, the customer support team is helpful, but it would be better if there was a phone support option. Because of this, it can sometimes take a while to get an answer to your question, no matter how hard the customer support team works.

Cloud-Based Options

The program is available on the cloud. This is helpful for companies that have employees working remotely. Even if employees are on the go, they are still able to handle payments quickly and safely, allowing companies to stay on top of their transactions.

Mobile Opportunities Through Plooto

There are numerous devices that are supported by Plooto. This includes both Android and iOS devices through the Plooto app. Because the program is relatively straightforward, all core features are available on a mobile application. It works well and is responsive, but the information can be difficult to see on a small screen. It is better to use Plooto on a full-size screen whenever possible.

Pricing and Plans from Plooto

The original goal of this program was to unify and simplify procedures that can sometimes take hours. Furthermore, there might be talented, dedicated team members who are relegated to doing clerical work because of the manual nature of accounting. Now, Plooto streamlines the process, and this includes pricing. There is only one pricing tier available, and it comes with all the features of the platform.

There is a single pricing tier that starts at $25 per month per business. If there are two business arms that require access to the platform, then the price is $50 per month. The plan comes within a limited number of users, an unlimited number of customers, and a limited number of vendors, and an unlimited number of approvals. Furthermore, there are no limits on bank connections, and it is possible to integrate with Xero and Quickbooks at no additional charge.

There are additional fees associated with certain parts of the program. For example, if you make too many transactions in a given month, you might be charged an additional fee. You receive access to 10 free domestic transactions every month, and then you need to pay a fee of $0.50 for each transaction over that amount. If you make international transactions, then you are charged a fee of $9.99. If you process a check payment in the United States, the fee associated with this is $1.99. Even though this might not sound like much, the fees can add up quickly, making the program prohibitively expensive for businesses that perform a large number of transactions regularly.

Ultimately, the subscription pricing nature of this program is significantly cheaper than some of the other options; however, the fees associated with certain transactions are much higher. Therefore, if your business does a lot of international transactions, then this is probably not the best option for your company. On the other hand, if most of your business partners are in the United States, then the transaction fees might be more affordable, particularly if you do bulk transactions that can make the fees worth it.

Summary of Plooto

If you are looking for a pure accounting program, then there’s a good chance that Plooto is for your business. It is advertised as being able to handle accounts payable and accounts receivable with ease. When taking a look at the simple menu, it is obvious that the program can do that. It provides you with access to a wide variety of automation features that can expedite a lot of the tasks that your employees might do by hand. That way, you can free up your talented employees to focus on other areas of the business. It is a cloud-based program and provides you with access to mobile functionalities.

The program has a relatively short learning curve because its features are limited. Even though it is nice that even people with no technology experience can learn to program easily, some people might find the short number of features to be a major problem. If you are looking for a program that can do anything other than accounting, this option is going to fall short. Furthermore, the lack of phone support can be a significant problem when something goes wrong. It may take a long time to get an answer to your question. In addition, the transaction fees can be prohibitively expensive, particularly if your company does business outside the United States.

In the end, this is a good program for companies that are looking for a peer accounting program; however, businesses that are looking for a program that can do a bit more, or companies that do business internationally, are probably going to be better off going with a different option.