Decimal Bookkeeping Reviews & Pricing

by Decimal LLC | Founded 2019, Indianapolis, IN

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What is Decimal Bookkeeping?

Industry Specialties: Ecommerce, Restaurants, SaaS, Marketing Agencies, Truck Drivers, Real Estate, Entrepreneurs, Insurance Agents, Home Services, Plumbing, HVAC.

Decimal Bookkeeping is a sophisticated software solution designed to streamline and automate bookkeeping tasks, making it an ideal choice for small to medium-sized businesses across various industries such as retail, hospitality, and professional services. Its intuitive interface and robust features, including real-time financial reporting, expense tracking, and seamless integration with other financial tools, set it apart from similar products. Users appreciate its ability to reduce manual data entry and improve accuracy, enhancing overall financial management efficiency. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote. This ensures that businesses can find a plan that aligns with their unique needs and budget. Overall, Decimal Bookkeeping is praised for its user-friendly design and comprehensive capabilities, making it a valuable asset for businesses seeking to optimize their bookkeeping processes.

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Decimal Bookkeeping Pricing

Based on our most recent analysis, Decimal Bookkeeping pricing starts at $395 (Monthly).

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Starting From: $395
Pricing Model: Monthly
Free Trial: No

Training Resources

Decimal Bookkeeping is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Decimal Bookkeeping:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Decimal Bookkeeping Benefits and Insights

Why use Decimal Bookkeeping?

Key differentiators & advantages of Decimal Bookkeeping

Time Efficiency: Automate repetitive bookkeeping tasks, such as data entry and reconciliation, freeing up valuable time for strategic financial planning.
Accuracy Improvement: Reduce human error with precise calculations and automated checks, ensuring your financial records are consistently reliable.
Real-Time Insights: Access up-to-date financial data instantly, enabling informed decision-making and agile business responses.
Cost Reduction: Minimize the need for extensive manual labor and reduce overhead costs associated with traditional bookkeeping methods.
Scalability: Easily adapt to business growth with scalable solutions that accommodate increasing transaction volumes without additional complexity.
Compliance Assurance: Stay compliant with the latest financial regulations and standards, reducing the risk of costly penalties and audits.
Data Security: Protect sensitive financial information with advanced encryption and secure cloud storage, ensuring peace of mind.
Customizable Reporting: Generate tailored financial reports that meet specific business needs, enhancing clarity and communication with stakeholders.
Integration Capabilities: Seamlessly connect with other business tools and platforms, creating a cohesive ecosystem that enhances overall efficiency.
Enhanced Collaboration: Facilitate better teamwork with shared access to financial data, allowing for more effective collaboration across departments.
Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing financial records and processes.
User-Friendly Interface: Simplify complex bookkeeping tasks with an intuitive interface that requires minimal training, empowering users of all skill levels.
Cash Flow Management: Monitor and manage cash flow effectively with tools that provide clear visibility into income and expenses.
Historical Data Access: Easily retrieve past financial records for analysis and comparison, aiding in trend identification and forecasting.
Client Satisfaction: Improve client relationships by providing timely and accurate financial information, enhancing trust and transparency.

Industry Expertise

Decimal Bookkeeping is a software solution that caters to small and medium-sized businesses (SMBs) across various industries. It provides a dedicated bookkeeping team to manage financial operations, including bookkeeping, bill pay, payroll, and more, allowing business owners to focus on their core operations.

Synopsis of User Ratings and Reviews

Based on an aggregate of Decimal Bookkeeping reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Ease of Use: User reviews frequently mention the software's intuitive design, allowing for easy navigation and use, even for users without a strong accounting background.
Real-Time Bookkeeping: Decimal provides real-time bookkeeping services, ensuring the software reflects the most current financial data throughout the day.
Excellent Customer Support: Users consistently praise the responsiveness and helpfulness of Decimal's customer support team, highlighting their quick and informative responses to inquiries.
Integration and Automation: Decimal integrates with banking platforms and automates tasks such as transaction categorization, simplifying bookkeeping and reducing manual effort.

Cons

Navigation Issues: Some users have reported experiencing difficulties with the software's navigation, finding it frustrating to scroll horizontally and vertically to access desired information.
Inconsistent Service Quality: While many users praise Decimal Bookkeeping's customer service, some have shared negative experiences, citing a lack of knowledge and expertise among certain bookkeeping staff members.

Researcher's Summary:

Is Decimal Bookkeeping right on the money when it comes to managing your business finances? User reviews from the past year paint a mixed picture of this online bookkeeping solution. While Decimal earns high marks for its comprehensive features and user-friendly interface, some users have raised concerns about specific aspects of its service.

On the plus side, many users praise Decimal for its intuitive design, making complex tasks like bank reconciliations and receipt uploads a breeze. The software's automation capabilities, particularly its ability to streamline invoice creation and expense tracking, are also highlighted as major advantages. Users especially appreciate the "ask your accountant" feature, which provides a direct line to expert advice for tricky financial questions. However, some users have reported issues with pricing transparency, with hidden fees and unexpected charges leaving a sour taste in their mouths. Additionally, the onboarding process has been criticized as lengthy and cumbersome, with some users experiencing delays in getting their accounts up and running.

Overall, Decimal Bookkeeping seems best suited for small business owners who crave the convenience of an all-in-one bookkeeping solution but may not have the time or expertise to manage their finances manually. However, those who prioritize budget control and a seamless onboarding experience might find these aspects of Decimal's service to be a sticking point.

Key Features

Notable Decimal Bookkeeping features include:

Automated Transaction Import: Seamlessly connect your bank accounts and credit cards to automatically import transactions, reducing manual data entry.
Real-Time Financial Reporting: Generate up-to-date financial reports such as balance sheets and income statements with just a few clicks.
Customizable Chart of Accounts: Tailor your chart of accounts to fit your specific business needs, ensuring accurate categorization of financial data.
Multi-Currency Support: Manage transactions in multiple currencies, with automatic conversion based on current exchange rates.
Invoice Management: Create, send, and track invoices directly from the platform, with options for recurring billing and payment reminders.
Expense Tracking: Easily record and categorize expenses, with the ability to attach receipts for better documentation.
Tax Preparation Tools: Access tools designed to simplify tax preparation, including tax reports and integration with popular tax software.
Role-Based Access Control: Assign different access levels to team members, ensuring sensitive financial data is only accessible to authorized personnel.
Data Backup and Security: Benefit from regular data backups and robust security measures to protect your financial information.
Integration with Third-Party Apps: Connect with a variety of third-party applications such as payroll services and CRM systems to streamline business operations.
Mobile Accessibility: Access your bookkeeping data on-the-go with a mobile-friendly interface, ensuring you stay connected to your finances anytime, anywhere.
Audit Trail: Maintain a comprehensive audit trail of all financial transactions and changes, aiding in compliance and transparency.
Budgeting Tools: Utilize built-in budgeting tools to set financial goals and track progress against your budget.
Customer Support: Access dedicated customer support through multiple channels, including live chat and email, for assistance with any issues.
Scalability: Designed to grow with your business, Decimal Bookkeeping can handle increasing transaction volumes and additional users as needed.