Most popular features of all Finance & Accounting apps
19 reviewers had the following to say about Plooto's features:
Cheaper bill payments.
Pros
Plooto saves me and my clients so much time is chasing invoice payments and mailing cheques for bill payments.
Cons
I'd like to see the time gap from invoice payment to cash in my bank and bill payment to cash in my vendor's bank shortened.
Rating breakdown
Time used: 1-2 years
Frequency of use: Weekly
Likelihood to recommend
Save time and increased accuracy of accounting records
Pros
Plus, it's easy to send off a batch of bill payments.
Cons
When they initially launched the integration with my accounting software was not fully set up and there were some confusing transactions, but it is all great now.
Rating breakdown
Time used: 1-2 years
Frequency of use: Monthly
Likelihood to recommend
I mostly used it for AR purposes across the U.S. and Canadian border.
Pros
Depending on the size of your invoice this could save you some money in credit card or bank processing fees.
Cons
Also, if you are using Plooto for a foreign currency exchange service much better rates can be found elsewhere.
Rating breakdown
Time used: 1-2 years
Frequency of use: Occasionally
Likelihood to recommend
Hours of writing cheques and later on reconciling payments and Interac e-transfer fees is done in a matter of minutes.
Pros
integration with cloud accounting software
Cons
It takes a few days for recipients to receive funds.
Rating breakdown
Time used: 6-12 months
Frequency of use: Weekly
Likelihood to recommend
Recommendations to others considering Plooto
It's the easiest AND the cheapest way to send payments
Thanks Boyd, we're constantly working to release additional features to make your payments simpler and easier.
Automatic payment reconciliation with XERO and recurring payment setup.
Pros
some amount for transaction - it's like eTransfer price, but XERO integration with automatic reconciliation is additional benefit.
Cons
Fife (5) days for transfer transaction! It is like cheque holding by Bank! Why? eTransfer need from several minutes for it...
Rating breakdown
Time used: 1-2 years
Frequency of use: Monthly
Likelihood to recommend
Plooto has certainly helped us from a workflow perspective, it's pulling your payables from your Quickbooks or Xero account into Plooto so you can see all the payables that you need to deal with and when they're due.
Pros
Also, as far as the amount of time it takes for that cash to clear your bank account; it's faster than Stripe, and on top of that the integration with Quickbooks makes it a lot easier to manage the fees, unlike Stripe.
Cons
We'd love to see more international payments to more countries just for some of our clients that have people they're paying in lots of different places around the world.
Rating breakdown
Time used: 1-2 years
Frequency of use: Weekly
Likelihood to recommend
Pros
You can sync your invoices, bills, and contacts to the system manually or all at once.
Cons
Same as with sending out payments for bills. What does that look like for the vendors I want to pay?
Rating breakdown
Time used: Less than 6 months
Frequency of use: Weekly
Not Good. Really ambitious to make it work I like the concept but they make it very hard to be a client.
Pros
I like that it can process both bank or credit card payments for receivables.
Cons
If a client due date on invoice was 30 days and they paid me next day I had to wait until what my invoice said for due date on payment.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Daily
Likelihood to recommend
Made several payments through Plooto.
Pros
It pulls in the bills to be paid, and you review and send them out... and it allows for multiple signers to approve the payments.
Cons
The issue I like least is that they don't offer a cheque... there are a few.. less than 1% of our bills, that we need a cheque for.
Rating breakdown
Time used: 1-2 years
Frequency of use: Daily
Likelihood to recommend
few options for paying contractors...this is a good one
Pros
reasonable price for transferring money to contractors. reasonably smooth process and quick if you use the instant method.
Cons
they lack thorough, step by step tutorials. it's hard to know exactly how the process unfolds for both parties, therefore you can't explain to payees what they need to do.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Monthly
Likelihood to recommend
We're a cloud based accounting firm and they have a great way to set up multiple accounts that I can manage and get payments approved by my clients.
Pros
1-Easy to use 2- Dashboards are great 3- Cost is on point 4- Set up was easy Overall has such potential to be a leader in this space, however, read cons!
Cons
This is too bad as i feel your platform had lots of potential but when in comes to payments, security is the number one concern.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Daily
Pros
It worked fairly well but then reconciling to Quickbooks took extra steps that became unnecessary when Quickbooks Online introduced the same functionality.
Cons
How to cancel account? Not sure . . .
Rating breakdown
Time used: 6-12 months
Frequency of use: Monthly
Likelihood to recommend
Pros
Cost Efficient Ok- at least support responded if anyone was actually available.
Cons
You will regret it, payments will be late, and you will rack up charges on returned payments and kill cash liquidity on the long waiting periods.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Daily
Likelihood to recommend
Pros
Easy to follow interface Syncs with QuickBooks Online and Xero to pull in your payables and receivables Can set up a pre-authorized debit Low fees per transaction No monthly cost to use the platform
Cons
Nothing. It meets mine and my client's needs
Rating breakdown
Time used: 6-12 months
Frequency of use: Weekly
Likelihood to recommend
Pros
The setup is simple, the user interface is simple and it solves many issues that come up when automating your back office to handle AR in a fast manner.
Cons
The speed of ACH deposits must get faster but with a credit card, the funding is the next day. They could also improve the Xero connection a bit more but all and all its great.
Rating breakdown
Time used: 1-2 years
Frequency of use: Weekly
Likelihood to recommend
Makes it super easy to pay vendors!
Pros
Chat support is there when you need them the most! I really appreciate how attentive and thorough they are with onboarding, troubleshooting, and answering questions.
Cons
It would be great if they also sent out checks for those companies that require checks and don't do ACH.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Occasionally
Likelihood to recommend
