The 5 Best Alternatives to 512 Financial in 2024

The 5 Best Alternatives to 512 Financial in 2024

Written by 
Pilot Team
May 7, 2023
The 5 Best Alternatives to 512 Financial in 2024

512 Financial is a financial services provider that offers accounting, bookkeeping, and tax services to startups and small businesses. While they have a solid reputation and a range of services, they might not be the perfect fit for every business's unique needs. That's why we've compiled a list of alternative financial service providers below to help you find the best match for your startup.

1. Pilot

At Pilot, we provide a comprehensive suite of accounting, CFO, and tax services tailored for startups and growing businesses. Our team of experts, combined with our cutting-edge software, delivers accurate monthly financial reports, allowing you to focus on what matters most - growing your business.

What We Do

As a leading financial services provider, we cater to a diverse range of industries and offer an extensive suite of services to support startups and small businesses. Our expertise ensures that you receive personalized solutions tailored to your unique business requirements:

  • Industries: We specialize in working with high-growth technology startups, ecommerce providers, professional services, non–profits and more.
  • Services: Bookkeeping, Tax, CFO Services, R&D Credit, and Stock Admin.

Our primary focus is on startups and small businesses, and our team of over 250 US-based employees is dedicated to providing the most tech-forward, experienced, and scalable accounting solutions. With our triple-checked financial statements, you can trust in our unmatched accuracy and expertise, allowing you to concentrate on growing your business.

Why Use Pilot?

  • Innovative workflows for improved accuracy: Pilot utilizes advanced technology and processes to ensure the highest level of precision in your financial reports, giving you confidence in your financial data.
  • Enhanced communication and collaboration: Our team of experts is dedicated to working closely with you, providing timely responses and personalized support to address your unique business needs.
  • Extensive experience at every stage of growth: Pilot has helped scale thousands of companies from the earliest pre-seed stages through raising nine-figure Series C rounds, making us well-equipped to support your business at any stage.
  • Wide range of services: We offer a comprehensive suite of services, including bookkeeping, tax services, CFO services, stock admin, R&D tax credit, and AP/AR, providing a one-stop solution for your financial needs.
  • Industry-specific expertise: Pilot offers professional services tailored to the needs of various industries, ensuring that you receive customized solutions that align with your business requirements.

Our Pricing

Pilot offers various pricing options for their services:

  • Bookkeeping: Starter ($499/month), Core ($699/month), and Plus (custom pricing).
  • Tax: Essentials (starting at $2,450/year) and Standard (starting at $5,400/year).
  • CFO Services: Basic ($1,875/month), Essential ($3,375/month), and Custom ($5,625/month).

For custom pricing plans, visit the Pilot pricing page and contact sales for a quote.

2. Finta

Finta is an all-in-one accounting platform designed specifically for startups, offering a simple and efficient way to manage bookkeeping and taxes. By replacing traditional bookkeeping methods and software like Quickbooks, Finta provides real-time financial data and a user-friendly dashboard to help startups stay on top of their finances.

  • Industries: While not explicitly mentioned, Finta primarily caters to startups, particularly those that are VC-backed and growing.
  • Services: Software Accounting, Bookkeeping, Tax Preparation, Financial Insights, and Support.
  • Pricing Plans: Startup ($100/month) for startups from incorporation to Seed, and Growth ($250/month) for startups growing past Seed. Add-ons include tax filings for $1,000 plus $250 per state or foreign shareholder, and R&D tax credits for 15% ($150 for every $1,000 you get back).

3. Acuity

Acuity is a financial services provider that specializes in offering accounting and online bookkeeping services tailored to the needs of entrepreneurs. With a dedicated accounting team and a range of services, Acuity has become the financial backbone for thousands of businesses, guiding them in selecting accounting technologies and establishing sustainable financial processes.

  • Industries: Blockchain & Cryptocurrency, eCommerce, Professional Services, Software, Technology Hardware & Equipment.
  • Services: Accounting, Accounts Payable, Accounts Receivable, Advisory, Bookkeeping, Outsourced CFO, Payroll, Tax Preparation, Technology Implementation & Consulting.
  • Pricing Plans: Bookkeeping ($479/month), Bookkeeping Plus ($1,029/month), and Bookkeeping Plus + Accounting ($2,179/month).

4. Zeni

Zeni is an AI-powered bookkeeping and accounting platform designed specifically for tech startups. The platform offers daily bookkeeping and real-time financial insights, enabling founders to stay informed about their finances and make data-driven decisions.

  • Industries: While not explicitly mentioned, Zeni primarily caters to tech startups.
  • Services: Daily Bookkeeping, Insights via Zeni Dashboard, Accrual Basis Bookkeeping, Finance Concierge, Monthly Financial Reporting, Bill Pay For Vendors, Employee Reimbursements, Chart Of Accounts, Receipt Management & Tracking, Burn Rate Calculations, Bank & Credit Card Reconciliations, API Integrations, Revenue Accounting, Invoicing For Customers (AR), Inventory Management, and Custom Reports.
  • Pricing Plans: Starter Plan (starting at $549/month, billed annually), Growth Plan (starting at $799/month, billed annually), and Enterprise Plan (custom pricing, billed annually).

5. Bench

Bench is an all-in-one financial solution for small businesses, offering bookkeeping, tax preparation, filing, and financial reporting services. With a dedicated team of bookkeeping experts and a powerful platform, Bench provides real-time financial insights to help businesses grow and succeed.

  • Industries: Automotive, Construction, Consumer Services, eCommerce, Energy, Financial Services, Food & Beverage, Government & Agency, Healthcare Care Equipment & Services, Manufacturing, Media, Non-Profit and Religious, Pharmaceuticals, Biotechnology & Life Sciences, Professional Services, Real Estate & Development, Retail, Software, Technology Hardware & Equipment, Telecommunications, Transportation.
  • Services: Bookkeeping, Tax Preparation, and Advisory Services.
  • Pricing Plans: Essential Plan ($249/month when billed annually, $299/month when billed monthly) and Premium Plan ($399/month when billed annually, $499/month when billed monthly).

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