EUVAT.app – B2B Reverse Tax and Finaloop address different, though sometimes overlapping, financial needs of Shopify merchants. EUVAT.app focuses specifically on automating VAT handling for B2B transactions within the EU, catering to businesses selling to other businesses within the European Union. Its strength lies in VAT number validation and reverse-charge application. In contrast, Finaloop is a comprehensive accounting solution, offering bookkeeping and inventory management services through software and a team of accounting experts. It's geared towards providing real-time financial visibility and tax-ready financials for ecommerce businesses, regardless of their VAT requirements or geographic focus.
3 reviews
60 reviews
Validate EU VAT numbers and apply reverse-charge VAT automatically for B2B transactions.
Accounting software + service for ecommerce. Get real-time fully accurate bookkeeping & inventory
| Rating | 3.6/5 | 5/5 |
Rating EUVAT.app – B2B Reverse Tax3.6/5 Finaloop5/5 | ||
| Reviews | 3 | 60 |
Reviews EUVAT.app – B2B Reverse Tax3 Finaloop60 | ||
| Primary Focus | EU B2B VAT Automation | Full-Service Accounting & Inventory Management |
Primary Focus EUVAT.app – B2B Reverse TaxEU B2B VAT Automation FinaloopFull-Service Accounting & Inventory Management | ||
| Key Feature: VAT Handling | VIES Validation, Reverse Charge | Tax-ready Financials (P&L, etc.) |
Key Feature: VAT Handling EUVAT.app – B2B Reverse TaxVIES Validation, Reverse Charge FinaloopTax-ready Financials (P&L, etc.) | ||
| Inventory Management | Not included | Inventory Sync & Management (FIFO unit tracking) |
Inventory Management EUVAT.app – B2B Reverse TaxNot included FinaloopInventory Sync & Management (FIFO unit tracking) | ||
| Customer Support | Not specified. | Expert Accountant Team |
Customer Support EUVAT.app – B2B Reverse TaxNot specified. FinaloopExpert Accountant Team | ||
| Shopify Plus Integration | Collect & validate VAT at checkout | Not explicitly mentioned, would integrate through API |
Shopify Plus Integration EUVAT.app – B2B Reverse TaxCollect & validate VAT at checkout FinaloopNot explicitly mentioned, would integrate through API | ||
| Target Merchant | EU/Non-EU Sellers doing B2B in the EU | E-commerce & Multichannel Brands of any size |
Target Merchant EUVAT.app – B2B Reverse TaxEU/Non-EU Sellers doing B2B in the EU FinaloopE-commerce & Multichannel Brands of any size | ||
| OSS Support | Supports OSS and non-OSS setups | Indirectly through financial reporting |
OSS Support EUVAT.app – B2B Reverse TaxSupports OSS and non-OSS setups FinaloopIndirectly through financial reporting | ||
| Pricing Transparency | Not specified. | Likely subscription based; Pricing not explicitly mentioned |
Pricing Transparency EUVAT.app – B2B Reverse TaxNot specified. FinaloopLikely subscription based; Pricing not explicitly mentioned | ||
If your primary need is to automate VAT handling for EU B2B transactions, particularly involving VIES validation and reverse charging, then EUVAT.app is the clear choice. Its focus on this specific area provides functionalities lacking in Finaloop. However, if you require a comprehensive accounting solution with bookkeeping, inventory management, and expert accounting services, Finaloop is the superior option. Finaloop addresses the broader accounting needs of an ecommerce business. For Shopify Plus stores, the direct checkout VAT validation feature of EUVAT.app may be a decisive factor if B2B EU sales are significant.
No, EUVAT.app focuses on automating VAT handling for EU B2B transactions. It doesn't offer full accounting features like P&L statements or balance sheets.
Finaloop is primarily accounting software. While it might track VAT collected, it does *not* appear to have built-in VAT number validation like EUVAT.app.
EUVAT.app is less relevant for purely B2C businesses, as it is designed for reverse charge VAT. Finaloop could still be beneficial for B2C businesses requiring accounting and inventory management.
Without user reviews directly comparing ease of use, it's difficult to say definitively. However, EUVAT.app's focused functionality suggests a potentially simpler setup for VAT-specific tasks, whereas Finaloop, with its full suite of features, may require more initial configuration but offers full-service assistance.
Finaloop explicitly mentions a team of expert accountants providing full-service support, implying significant customer service. EUVAT.app's description doesn't mention dedicated customer service, making Finaloop potentially superior in this aspect.
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