ScaleFactor is an intuitive software that automates accounting, tax, and finance tasks. The software was created in 2014, and since then the main goal of the company has been to empower business owners to make the best strategic and financial decisions.
ScaleFactor will classify transactions, update the general ledger, and provide mobile alerts & notifications. Your bills will be paid on time, they will handle your payroll and you can keep an eye on your expenses. ScaleFactor team will adjust journal entries, profit & loss statements, and prepare the balance sheet.
ScaleFactor offers different accounting solutions. One of them is a Principal plan that includes cash accounting, integrates with QBO & Xero, 24/7 on-demand view of books, and automated daily bookkeeping. Also, the plan includes daily classification of transactions, reconciliations (bank, credit card, loan, and payroll), annual tax depreciation, expert-checked monthly P&L, and expert-checked monthly balance sheet.
The Principal Plus plan includes everything in the Principal plan. But there are additional options such as accrual accounting, record prepaid expenses, expert AP/AR review, and comprehensive AR/AP reporting.
ScaleFactors offers various add-ons for their software. One of them is Bill Pay powered by bill.com and has advantages such as white glove bill pay service, outsourced bill pay, submission of bills by e-mail, simple reviews & approvals, and automatic books update. The main advantage of the Bill Pay add-on is that there is no need to manually enter your data.
Payroll with Gusto add-on offered by ScaleFactor is a white glove payroll service. It has such advantages as an outsourced payroll function, all employee types & pay schedules, overdraft notification, and easy to edit and adjust. Moreover, your books will be updated automatically, and you will have access to historical data and reports.