Last Updated
Overview
ReInvestWealth is an AI-powered accounting software tailored for small business owners and freelancers. While it automates bookkeeping and financial tasks, some users note that advanced forecasting and comprehensive reporting features are limited. It helps entrepreneurs save time and ensures accurate financial records.
Overall Rating
Based on 10 users reviews
4.2
Rating Distribution
Positive
90%
Neutral
10%
Negative
0%
Starting Price
Custom
ReInvestWealth Specifications
- Accounting
- Financial Reporting
- Invoice Management
- Expense Tracking
What Is ReInvestWealth?
ReInvestWealth is a simple, intuitive, AI-powered accounting platform designed for freelancers, consultants, and service-based business owners. It automates the entire bookkeeping workflow by learning from your transactions, offering real-time financial insights, and helping you stay on top of taxes. The software reduces manual data entry, streamlines invoicing and expense tracking, and provides clear visibility into cash flow. While highly efficient, some users may find advanced reporting and analytics features somewhat limited for complex financial needs.
ReInvestWealth Pricing
Disclaimer: The pricing is subject to change.
ReInvestWealth Integrations
The software supports integration with multiple systems and platforms, such as:
- Stripe
- Plaid
- Google Cloud
- Wise
Who Is ReInvestWealth For?
ReInvestWealth software is suitable for professionals across various industries, including:
- Financial advisors and wealth managers
- Individual investors
- Investment firms
Is ReInvestWealth Right For You?
ReInvestWealth is a solid choice for professionals seeking detailed portfolio analytics and automated reporting. Its standout feature is the multi-account management capability, which is especially useful for advisors handling multiple clients.
Still doubtful if ReInvestWealth software is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.
ReInvestWealth Features
Smart Shoebox
This feature allows uploading receipts by taking pictures or dragging and dropping files. The AI automatically analyzes and matches receipt details with corresponding bank transactions, keeping financial records organized, reducing paper clutter, and ensuring audit readiness. It optimizes tax deductions by intelligently matching receipts and analyzing spending.
AI Bookkeeper
The AI bookkeeper operates continuously, automatically categorizing incoming transactions and learning from past data to improve accuracy. It eliminates manual data entry and ensures expenses are tracked correctly even if labels are forgotten, performing real-time bookkeeping with optimal accounting entries.
Unlimited Bank Connections
This feature automates transaction imports, streamlining the bookkeeping process and saving a significant amount of time. It provides a centralized place to view and manage all of your financial data, which helps in making more informed business decisions.
Online Invoicing
The software supports seamless online invoicing by integrating with popular payment platforms like Stripe. It enables sending professional invoices and automatically tracking payments. Linked payment accounts ensure that invoices and payments are tracked and reconciled within the profile.
Financial Reports
ReInvestWealth provides clear and simple access to essential financial reports. The platform can generate a profit and loss statement, a general ledger, and for incorporated businesses, a balance sheet. These reports offer valuable insights into business performance, helping track profitability and make data-driven financial decisions.
Pros And Cons of ReInvestWealth
Pros
Robust multicurrency support for invoicing without creating separate companies
Simplified FX loss and gain management compared to Wave
Custom automation rules to classify expenses and transactions freely
Access to real accountants, including optional CPA sessions for advice
It is simple, intuitive interface suitable for freelancers and small businesses
Cons
Transaction filters exist but UI needs improvement for easier use
Support response times can be slow and inconsistent
Real-time assistance is sometimes unavailable
ReInvestWealth Reviews
Total 10 reviews
4.2
All reviews are from verified customers
Rating Distribution
5
Stars40%
4
Stars50%
3
Stars0%
2
Stars10%
1
Stars0%
Share your experience
Health, Wellness and Fitness, 1-10 employees
Free Trial
“Super easy to get the hang of”
Pros
Automation was a big reason I chose this software as the less I have to do, the better it is. Overall I absolutely love the program.
Cons
The historical data pull is limited to 30 days for bank accounts but the good thing is that they have a team that can help transfer older records for us.
Rating Distribution
Ease of use
8
Value for money
8
Customer Support
9
Functionality
7
E-Learning, 1-10 employees
Less than 6 months
“Great tool for any startup”
Pros
ReInvestWealth customer service is excellent as they are super quick to respond. Also the product is easy to use, with a great interface that makes navigating simple.
Cons
Like QuickBooks, you cannot link your bank accounts unless you disable 2FA on your online banking. However this is not specific to the platform and I understand they are working on a fix.
Rating Distribution
Ease of use
9
Value for money
7
Customer Support
10
Functionality
6
Marketing and Advertising, 1-10 employees
Free Trial
“Takes care of the boring tasks”
Pros
What I really like about Reinvestwealth is how easy it is to use, its Canadian origins, its affordability compared to other platforms and how it automates the most tedious parts of bookkeeping.
Cons
I feel like response times for queries could be a bit quicker and having real-time help available would definitely be a nice addition.
Rating Distribution
Ease of use
9
Value for money
8
Customer Support
7
Functionality
8
Frequently Asked Questions
Does ReInvestWealth have a mobile app?
Yes, it offers mobile access through a dedicated app for iOS and Android devices.
Who are the typical users of ReInvestWealth?
The typical users of ReInvestWealth are solopreneurs, freelancers, consultants, and small business owners who operate in a service-based industry.
Does ReInvestWealth offer an API?
Yes, ReInvestWealth provides API access for integration with external platforms and custom workflows.
What language does ReInvestWealth support?
The software supports English and French.
What types of pricing plans does ReInvestWealth offer?
ReInvestWealth pricing starts at $9/month. Request a personalized ReInvestWealth price quot.
What level of support does ReInvestWealth offer?
ReInvestWealth provides support primarily via a contact form.
What other apps does ReInvestWealth integrate with?
The software integrates with Stripe, Plaid, Google Cloud, and Wise.