Plooto Software

3.97 / 5 (34) FrontRunners

Our advisors have recommended this product 6 times in the last 30 days

About Plooto

Plooto saves you hours of work by automating Accounts Payable (AP) and Accounts Receivable (AR) workflows. Trusted by thousands of accounting professionals, Plooto transforms AP and AR services, making them more efficient, streamlined and profitable.

Plooto provides a smart two-way sync with QuickBooks and Xero, automatically syncing bills, invoices and payments and reconciling bookkeeping records, while keeping a full audit trail.

With robust features such as client dashboard, customizable approval workflows, recurring payments and pre-authorized debit agreements (PAD), Plooto's customers often report reducing AP and AR processes from 5 hours to just 10 minutes per week.


Supported Operating System(s):

Mac OS, Linux, Web browser (OS agnostic), Windows 10

34 Reviews of Plooto

Average User Ratings

Overall

3.97 / 5 stars

Ease-of-use

4.0

Value for money

4.5

Customer support

3.5

Functionality

4.0

Ratings Snapshot

5 stars

(15)

15

4 stars

(11)

11

3 stars

(4)

4

2 stars

(0)

0

1 stars

(4)

4

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 34 results

April 2019

Aislinn from Entreflow Consulting Group

Verified Reviewer

Company Size: 11-50 employees

Industry: Management Consulting

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

April 2019

Entreflow Consulting Group's use of Plooto

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. And there's a whole bunch of approval processes you can put in place for internal controls perspective so make things a lot more bulletproof than just manually writing checks and doing e-transfers.

Pros

So you can currently do pre-authorized debit, pre-authorized credit receivables in U.S. dollars and Canadian dollars which is super kick-ass. It's also made some of our clients lives a lot easier if they've got clients in different countries, and it gives their clients flexibility to pay in debit or credit. 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. As well, with the international payments, if a client has a lot of companies that they're paying in the U.S. for instance if you get really costly really quickly. So I'd like to see some bulk discounts for high volume payments to the U.S.

February 2020

Luke from The Village Gym Vaughan

Company Size: 1 employee

Industry: Health, Wellness and Fitness

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

February 2020

I saved hours of work and thousands of dollars using plooto

Overall I'm very happy with Plooto, will continue to use it and encourage other business to use it.

Pros

It's way cheaper than credit card fees and saves time over cashing cheques.

Cons

Some payment changes can take a little longer than I feel they should. I tried to cancel a payment that was to be debited later that day. It still went through because it was too short notice.

Reasons for Choosing Plooto

Squares fees are much higher.

February 2020

Ariel from Ledger Works

Company Size: 2-10 employees

Industry: Accounting

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

1.0

Customer support

2.0

Functionality

3.0

February 2020

Pricing model needs to go back to what it was

Pros

Easy to use, great concept, would recommend it if pricing made sense.

Cons

- Used to be very competitively priced, with the subscription model it is very hard to justify this expense to clients, especially since the use base is mostly small forward thinking companies who have very little vendor payments to make in the first place. - Very limited customizability when a lot of customization could be offered at the basic level. - It's never a good business practice to force people to use your product for lack of alternatives. Due to the horrible pricing model change, if there was an alternative, I would be using it.

Reasons for Choosing Plooto

None, I am not aware of any alternatives.

March 2018

Anonymous

Verified Reviewer

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

3.0

Functionality

3.0

March 2018

Plooto is a simple AP and AR tool that also makes it easy to pay across borders.

I mostly used it for AR purposes across the U.S. and Canadian border.

Pros

It's simple, and that point needs to be kept in mind. The interface is intuitive and it syncs with popular accounting programs like QuickBooks Online. The best part of the program (in my opinion) is the AR function that allows you to set up a recurring ACH payment from clients for a flat fee. Depending on the size of your invoice this could save you some money in credit card or bank processing fees. Also, you can do ACH payment from a U.S. bank and deposit the funds in a Canadian bank account. It is a pretty cool feature that puts them above Bill.com. It also doesn't carry the monthly fee of Bill.com.

Cons

It takes way too long to send money across borders. My experience is with the Canadian/U.S. border. It took nearly two weeks from the time that the client authorized the payment until it was deposited in my account. Also, if you are using Plooto for a foreign currency exchange service much better rates can be found elsewhere. If you are using Plooto instead of Bill.com and need all of the permissions or invoice scanning functionality, don't expect it. However, if you want a simple AP and AR tool with an added bonus of being able to make and receive payments across borders, and you aren't time crunched to make or receive a payment, then Plooto is a great inexpensive option.

February 2020

Matthew from Stonehenge Accounting Inc.

Company Size: 2-10 employees

Industry: Accounting

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

3.0

Functionality

5.0

February 2020

Plooto Review

While not perfect, Plooto has been great for us to help clients manage their A/P at scale at fees that are lower than the banks charge.

Pros

I like that it is easy to use, integrates with our accounting system, and allows us to manage A/P for clients at scale without using cheques.

Cons

The 4-day turnaround time to settle payments is the biggest pain-point. The new fixed-fee monthly pricing model is inconsistent with how users are actually transacting on the platform, the previous model was much easier to explain to clients. Customer service is a bit slow and we've been charged incorrectly multiple times, which takes them several weeks to resolve for each one.

Reasons for Choosing Plooto

Better pricing than bank and accounting software integration.