Who Uses This Software?

Bookkeepers and Accountants that want to save time and money. Small and medium sized businesses aiming to stay ahead of the competition.


Average Ratings

12 Reviews
  • 4 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $1.00
  • Pricing Details
    Flat Fee Per Transaction
  • Free Version
    Yes
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • Plooto
  • www.plooto.co
  • Founded 2014
  • Canada

About Plooto

The easiest way to collect one-time and recurring business payments. Plooto makes it simple for your customers to pay you, reducing collection times and costs. Streamline your cashflow and simplify your payables and receivables processes. Plooto automatically reconciles with Quickbooks and Xero in the most seamless way that you have ever seen. Say goodbye to paper cheques, wires, and bank EFTs by upgrading to Plooto for free.


Plooto Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • For Government
  • For Nonprofits
  • Fund Accounting
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Approval Process Control
  • Bank Reconciliation
  • Cash Management
  • Check Printing
  • Duplicate Payment Alert
  • Fraud Detection
  • General Ledger Entry
  • Vendor Management
  • ACH Payment Processing
  • Check Processing
  • Collections Management
  • Invoice Processing
  • Online Payment Processing
  • Overpayment Processing
  • Partial Payments
  • Receipt Management
  • Recurring Billing
  • Billing Portal
  • Contact Database
  • Contingency Billing
  • Customizable Invoices
  • Dunning Management
  • Hourly Billing
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Payment Processing
  • Project Billing
  • Recurring/Subscription Billing
  • Tax Calculator
  • Accounts Payable
  • Accounts Receivable
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Cash Management
  • Construction Breakdowns
  • General Ledger
  • Job Costing
  • Overrun Projections
  • Payroll Management
  • Purchase Order Management
  • Quotes / Estimates
  • Accounting Integration
  • Budget Tracking/Job Costing
  • Change Orders
  • Commercial
  • Contract Management
  • Contractors
  • CRM
  • Equipment Tracking
  • Estimating
  • Incident Reporting
  • Mobile Access
  • Offline Access
  • Residential
  • RFI & Submittals
  • Subcontractor Management
  • Analytical Reporting
  • Client Management
  • Custom Account Statements
  • Data Backup Scheduling
  • For Money Exchanges
  • Margin Management
  • Market Data Access
  • Position Management
  • Real Time Currency Quotes
  • Real Time Tracking
  • Transaction Management

Plooto Reviews Recently Reviewed!


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

Mar 19, 2018
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

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

Loved the product until last week when we lost 30K because of PLooto system bug!

Mar 01, 2018
1/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

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: 1-Security
2- Customer services/Success
3- Accountability when errors are made-

Last week you guys seemed to have a system bug the resulted in your system double paying involves totalling 30K. This is a huge red flag for us on the controls and security of your platform. When we contacted you guys we were given no explanation and no solution. Just told to ask vendors for credit notes and this is just not a solution.. I need solutions and explanations fast or we will be removing our selves from your platform, won't roll out other companies and will certainly be adding the review on your product. This means we are currently out 30K and not to mention all the additional time this has take for my staff to investigate. The more troubling part is that we found this and this was not detected by Plooto. 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. Customer services would also be a good addition!

You get what you pay for- If you're a serious business, don't bother

May 10, 2018
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money

Pros: Cost Efficient Ok- at least support responded if anyone was actually available.

Cons: Absolute disaster if you need funds transferred in any reliable or consistent time frame. The bigger the amount, the longer the wait took for a wire transfer to push through. I imagine it's because funds were being hoarded to capitalize in gains or wherever it was being held (6 figures sums took multiple weeks at points). Terrible breaking between Quickbooks and Xero for existing customers. Failed multiple time on cash transfers, racked up charges. If you're using it for personal use, I guess it's better than other means- I would just Venmo in that case honestly. If it's for serious business- DO NOT use. Especially if you do any kind of wiring of large funds in the six figure and up range. 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. Product not yet ready for mainstream business use in my opinion.

Capterra-loader

You can tell it's new

Jan 10, 2018
3/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: What I like most about this software is the pay as you go model. No upfront usage fees. You are getting charged for what you use. There isn't extra charge for syncing with your accounting software either, unlike Bill.com. You can sync your invoices, bills, and contacts to the system manually or all at once. You can select what to pay or who to request payment from. Pricing is very affordable.

Cons: The least favorite of this service is the lack of documented FAQs or how to use the system. I signed up and was brought to their main page. No tour, no help document to show me what to do. I had to figure it out. What does it look like to request money from a client? I had to send a test payment to myself to see what it looks like. Same as with sending out payments for bills. What does that look like for the vendors I want to pay? I had to send a test payment to myself as well so I can see what it looks like. It would be nice if they had sample screen shots so I can reference or show my clients what it would look like for training purposes.

Capterra-loader

Awesome AP/AR app that saves time and money.

May 12, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Plooto saves me and my clients so much time is chasing invoice payments and mailing cheques for bill payments. The integrations with accounting softwares make it easy to manage vendor payments and mark them as paid. The pre-authorised debits make it easy to collect recurring invoice 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.

Overall: Cash in my bank faster. Cheaper bill payments.

Makes payments SO EASY

Jan 10, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
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Pros: integration with cloud accounting software

Cons: It takes a few days for recipients to receive funds.

Overall: I started using this in early 2016 on the recommendation of a customer who is a bookkeeper. It's made payroll to my ICs and suppliers a piece of cake. Hours of writing cheques and later on reconciling payments and Interac e-transfer fees is done in a matter of minutes. This integrates well with Xero, and when I've had questions they respond quickly.

Recommendations to other buyers: It's the easiest AND the cheapest way to send payments

Vendor Response

by Plooto on January 12, 2017

Thanks Boyd, we're constantly working to release additional features to make your payments simpler and easier.

Saves me on time and costs. Convenient to use & good support.

Dec 04, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: Set up was quick and easy. I needed to wait for half a day to confirm my bank account but I understand that it's for security purposes. It was well worth the time. Everything is quick and easy and I love how they have a flat fee - they've recently reduced it down to $1. Where it helps more is how much time it saves me after I switched over from using cheques. 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. Their customer service is also really good, I actually had a new feature implemented after I brought it up to them. As far as I know, right now they're just in Canada but I can't wait for them to get into the U.S.

Payments and receivables can't get easier

Mar 29, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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

Easiest way to pay my suppliers.

Jul 18, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Integration with Xero accounting software and options for direct deposit or email e-transfer. Plus, it's easy to send off a batch of bill payments. Saves me a few hours every month easily.

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.

Overall: Save time and increased accuracy of accounting records

Capterra-loader

It's not excellent, but we don't have a choice.

Apr 25, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Extremely
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Pros: some amount for transaction - it's like eTransfer price, but XERO integration with automatic reconciliation is additional benefit. Also recurring payment setup ability.

Cons: Fife (5) days for transfer transaction! It is like cheque holding by Bank! Why? eTransfer need from several minutes for it...

Overall: Automatic payment reconciliation with XERO and recurring payment setup.

Easy to set up and great support!

Sep 21, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.

Overall: Makes it super easy to pay vendors!

Easy to use payments platform!

Dec 04, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: I use Plooto to pay my rent. I've had a great experience so far! It was easy to set up. And the support team was so helpful.

Vendor Response

by Plooto on December 04, 2015

Thank you so much!