Loot - 2026 Pricing, Features, Reviews & Alternatives

Loot is cloud-based invoicing and financial tracking software designed specifically for Canadian freelancers and solo operators. The platform consolidates invoicing, goods and services tax management, and payment tracking into a unified workspace that eliminates the need for multiple systems or spreadsheets. It caters to a diverse range of independent professionals who require a financial administration solution tailored to Canadian tax regulations and currency requirements.

The software provides a three step workflow from client onboarding to payment collection. Client information such as name, email address, phone number, and optional company details can be recorded before generating quotes featuring customizable line items, quantities, and pricing. The platform supports tax configuration with native handling of federal goods and services tax, province specific harmonized sales tax, and province specific Quebec sales tax while allowing custom rates for provincial sales tax. Invoice creation includes options for adding multiple items, applying tax rates, and incorporating discounts with automatic calculation of subtotals and final amounts in Canadian dollars. The system tracks the complete invoice lifecycle by displaying draft status, sent status, due dates, and outstanding balances.

The dashboard offers financial insights through three tracking concepts known as haul, streak, and drops. Haul displays total collected revenue in real time without requiring manual calculations. Streak monitors consecutive days of business activity such as work logging, invoice issuance, and receivables tracking. Drops recognises milestone achievements ranging from first client acquisition to revenue thresholds. The interface presents visual revenue comparisons across periods and graphical representations of income trends.

The platform integrates with a payment processing layer to update haul automatically upon payment confirmation. It generates aligned quarterly reports ready for tax filing without the need for external data manipulation. The software enables branded communications and custom invoice templates and can send automated payment reminders. Complete data portability is provided through standard format exports suitable for transfer to accounting professionals or import into other systems. The application operates as a fully responsive web interface accessible on mobile browsers and allows users to maintain local access via home screen additions while retaining control of their data through a defined retention and export policy.