TaxDome or Financial Cents?

When accounting firms look to implement practice management software into their operations, they often consider two well-known options: Financial Cents and TaxDome. 

While there is some overlap between these software solutions, each has notable distinctions that can make one better suited than the other for certain use cases. 

In this article, we compare Financial Cents and TaxDome based on the features that growing firms care about most. This way, you can see which option could help your firm become more productive and profitable. We’ll also share another alternative we think you should consider. 

 

TaxDome Overview

 

 
TaxDome is an accounting practice management software. It offers custom platform configurations to suit the workflows and needs of various practices, including bookkeeping firms, tax professionals, solo practitioners, and more. 

The platform is a comprehensive tool with features that can help you manage client interactions, track tasks and projects, send invoices, and store documents. 

Pricing

 
Plans start at $66/user/month for a 1-year commitment, billed annually. Discounted pricing is available for 2- or 3-year subscriptions. 

Key Features

  • Workflow automation
  • Customer relationship management (CRM) system
  • Custom forms and surveys
  • Time tracking
  • Billing
  • Customizable client portal
  • E-signatures
  • Email sync
  • Document management
  • Team management
  • Mobile app

 

Financial Cents Overview

 

 
Financial Cents is an accounting practice management solution that helps firms manage their front-end and back-office processes. 

The platform includes built-in tools to manage client information and requests, track the tasks your team is working on, simplify billing, and more. 

Pricing

 
Plans start at $39/user/month when billed annually. 

Key Features

  • Client CRM
  • Document management
  • E-signatures
  • Time tracking
  • Billing
  • Budgeting and reporting
  • Workflow automation
  • To-do lists
  • Branded client portal
  • Secure file sharing
  • Email sync

 

TaxDome vs. Financial Cents: Head-to-Head Comparison

When deciding between TaxDome and Financial Cents, knowing how they stack up against each other on critical features, like workflow automation, integrations, client management tools, and more, is essential. 

Here’s a comparison of the two platforms, highlighting which tool excels on each essential feature.

TaxDome Financial Cents
Workflow Management Tie Tie
Integrations Winner
Ease of Use Winner
Client management Winner
Invoicing and Time Tracking Winner
Pricing Winner

 

Workflow Management

Given the repetitive nature of many accounting services, your firm can benefit from a platform that includes customizable workflow templates, which both TaxDome and Financial Cents offer. 

Workflow management tools help your team handle client work more efficiently and hit approaching deadlines. They also give you a clear overview of the tasks assigned to your team members. 

Overall, this critical feature helps you better track recurring client work and minimize the time spent on administrative tasks. 

TaxDome and Financial Cents users can view their team’s workload in multiple formats, update task progress, run productivity reports, and set up repeatable tasks. 

Winner: Both platforms excel here. Users of each highlight workflow management as the top feature for each software option. 

Integrations

 
Integrations are a key feature to look for in practice management solutions, as they help you avoid manually entering data more than once, which costs valuable time and increases the likelihood of human error. 

Native integrations enable a seamless data flow from one platform to another, helping ensure accountants always have access to accurate and up-to-date information. 

TaxDome and Financial Cents each support several pre-built integrations that users can deploy in just a few clicks. In addition, both platforms support Zapier integrations, letting you seamlessly connect with thousands of other applications. 

Winner: TaxDome. While Financial Cents offers a handful of out-of-the-box integrations with QuickBooks Online, Gmail, Outlook, SmartVault, Typeform, and Adobe Sign, TaxDome has a much more extensive list of supported integrations. 

Ease of Use

 
A practice management solution should make your firm’s workflows more transparent and easier to manage, not more complicated. Plus, since these tools feature branded portals, they should also be user-friendly for your clients.  

Both platforms have a modern and sleek design, which helps enhance the user’s experience and ability to navigate the system. With each solution offering free trials, you can test their usability before deciding which option you prefer. 

Customer reviews for TaxDome specifically mention how easy the portal is for clients to use, especially compared to other options. However, they note the long list of features can be somewhat overwhelming for their employees. 

On the other hand, Financial Cents users consistently highlight how user-friendly and simple the platform is. 

Winner: Financial Cents. While both tools offer user-friendly tools with an intuitive interface, the feature-rich TaxDome platform has a steep learning curve for new users. Financial Cents users find it much easier to get started on the platform, which can lead to quicker implementation of the solution for employees and clients. 

Client Management

 
Many firms implement an accounting practice management solution because they want a centralized location for all client-related information and interactions. 

Tools like TaxDome and Financial Cents offer brandable client portals where you can interact with clients, request files, and store documents and information. In addition, they both have client CRMs for organizing and storing client contact information and interactions. 

Users of both platforms like that they can send client reminders on pending items and view a centralized email inbox between clients and firm employees. They also appreciate that clients can easily upload documents to the portal. 

Winner: TaxDome. The client management capabilities of both platforms are very similar. However, users have to pay more to access the higher-tier Financial Cents plan to customize the client portal with their branding. 

Invoicing and Time Tracking

 
A key feature of any practice management solution is its time-tracking and billing capabilities. Accurately tracking the time spent on billable work for each client and translating this data to invoices at the proper rate can sometimes be tricky for your team. 

Financial Cents users can track billable and non-billable work from a timer in the platform. This data can be used for billing through a QuickBooks Online integration or by exporting it to another invoicing application. The platform also offers pre-built reports so managing partners can access key insights, such as which clients are most profitable for the firm. 

In TaxDome, users can monitor the time spent on specific jobs and services and utilize this data to create invoices within the platform. Teams can also set up automatic invoices for recurring projects. Invoices are customizable with your firm’s branding, and TaxDome can accept client payments directly via multiple methods. 

Winner: TaxDome. Financial Cents has a robust timekeeping system and related reports. However, TaxDome also offers native invoicing and payment processing. That helps simplify a firm’s tech stack and saves them from paying for multiple subscriptions. 

Pricing

 
Cost may be a consideration for firms deciding between Financial Cents and TaxDome. Both platforms charge on a per-user-per-month basis, meaning the cost for either platform increases as you hire more employees. 

Financial Cents is $39/user/month for its base plan. TaxDome is more expensive, starting at $66/user/month, billed annually, for a 1-year commitment, with discounts for a 2- or 3-year subscription. TaxDome offers some flexibility with monthly plans for seasonal staff, though this costs $85/user/month. 

However, every TaxDome subscription option offers access to all its features, so comparing its pricing against Financial Cents’ top-tier plan, which is $59/user/month, may be more useful. 

Winner: Financial Cents. If you’re looking for the more affordable and flexible option between the two, you’ll want to opt for Financial Cents. Firms may choose to pay more for TaxDome because of the extensive features it offers. 

 

Another Tool to Consider: Jetpack Workflow

Financial Cents and TaxDome are both comprehensive practice management tools. While TaxDome offers more features and capabilities, Financial Cents is more user-friendly and affordable. 

That said, sometimes neither solution is the right fit for a firm’s needs. Nor are the “All in one” solutions that both of these platforms do. 

For example, smaller firms don’t always need the bells and whistles these accounting practice management software have. 

Instead, thousands of firm owners have turned to Jetpack Workflow. 

Jetpack Workflow is a workflow management solution designed specifically for accountants and bookkeepers. You can use it to standardize common workflows with checklists and templates, automate recurring deadlines, and track your team’s progress on client work so nothing slips through the cracks. 
 

 
Our focus is on solving workflow and project management challenges for accountants and growing firms. It’s the area we found to have the most impact on client work and firm growth.

And our goal is to be great at solving workflow inefficiencies, not overwhelm your firm with product features or be mediocre in a little bit of everything.

  • See upcoming work months before the tasks are due.
  • Dive into any specific client to see tasks and progress.
  • Quickly automate and create organized workflows.
  • Enable everyone to know who’s working on what.
  • Get recurring work for multiple clients better organized.
  • Improve work/life balance and minimize tedious admin tasks.

 

At its core, Jetpack Workflow simplifies client work with easy-to-use tools rather than an endless list of features you’ll likely never use. 

“Thanks to Jetpack Workflow, we grew from 3 employees to over 17 and manage over 2,000 clients, without missing a single deadline! It literally runs our firm.” 

– Gianna Nguyen, Manager, Nguyen & Company
 

 
To see how Jetpack Workflow can help you consistently meet deadlines and streamline your workflows, schedule a demo or start a 14-day free trial.

 

See Jetpack Workflow In Action

Get under the hood of Jetpack Workflow’s accounting workflow and project management platform. See some of the top features and how it helps your firm standardize, automate, and track client work more efficiently.