Finaloop vs Materials Inventoryfor Shopify (2026)
Finaloop and Materials Inventory both boast perfect 5/5 ratings on the Shopify App Store, but they cater to vastly different segments of the e-commerce market. Finaloop positions itself as a comprehensive accounting solution with a strong emphasis on inventory management, targeting e-commerce and multichannel brands that require full-service bookkeeping and real-time financial insights. The service focuses on delivering tax-ready financials, robust dashboards, and inventory sync with features like FIFO unit tracking. This app seems built for merchants who want accounting automation and expert bookkeeping assistance, not just inventory control. Conversely, Materials Inventory is tailored for makers and manufacturers who need granular control over raw materials and product inventory. Its strength lies in managing bills of materials, tracking profitability at the product level, and streamlining the purchasing process with custom purchase orders. It's designed for merchants who assemble products from raw materials and need to maintain accurate stock levels to prevent overselling or stockouts.
At a Glance
Finaloop
60 reviews
Materials Inventory
49 reviews
Detailed Overview
Finaloop
Accounting software + service for ecommerce. Get real-time fully accurate bookkeeping & inventory
Key Features
- Tax-ready P&L, Cash Flow, Balance Sheet, and payable and receivable tracking
- Inventory sync & management (FIFO unit tracking) for ecommerce & retail
- Real-time financial dashboard built for founders
- Full history catch up - whether your books are messy or non-existent
Materials Inventory
Inventory management for makers & manufacturers. Create bills of materials & track profitability
Key Features
- Stop overselling: The app updates your Shopify inventory in real-time
- Plan ahead: Know your real-time inventory of bundles, products & raw materials
- Easy to use: Intuitive & easy to use so you can focus on your business
- Informative: Costs & profits per product. Full history of inventory movements
- Low inventory alerts. Thresholds dynamically adjusted. Custom Purchase Orders
Feature Comparison
| Rating | 5/5 | 5/5 |
Rating Finaloop5/5 Materials Inventory5/5 | ||
| Reviews | 60 | 49 |
Reviews Finaloop60 Materials Inventory49 | ||
| Target Merchant | Ecommerce & Multichannel Brands needing Full-Service Accounting | Makers & Manufacturers |
Target Merchant FinaloopEcommerce & Multichannel Brands needing Full-Service Accounting Materials InventoryMakers & Manufacturers | ||
| Core Functionality | Full-Service Bookkeeping and Accounting with Inventory Management | Raw Materials & Product Inventory Management |
Core Functionality FinaloopFull-Service Bookkeeping and Accounting with Inventory Management Materials InventoryRaw Materials & Product Inventory Management | ||
| Inventory Focus | Finished Goods, FIFO Tracking | Raw Materials, Bills of Materials |
Inventory Focus FinaloopFinished Goods, FIFO Tracking Materials InventoryRaw Materials, Bills of Materials | ||
| Support Model | Expert Accountants | Self-Serve App |
Support Model FinaloopExpert Accountants Materials InventorySelf-Serve App | ||
| Ease of Use (Inferred) | Potentially higher learning curve due to complexity | Intuitive & Easy to Use |
Ease of Use (Inferred) FinaloopPotentially higher learning curve due to complexity Materials InventoryIntuitive & Easy to Use | ||
| Value Proposition | Clean, tax-ready financials with real-time visibility | Prevent overselling and optimize material purchasing |
Value Proposition FinaloopClean, tax-ready financials with real-time visibility Materials InventoryPrevent overselling and optimize material purchasing | ||
Our Verdict
The choice between Finaloop and Materials Inventory hinges entirely on the merchant's specific needs. Finaloop is the superior choice for established e-commerce businesses that require comprehensive accounting solutions and expert bookkeeping assistance. Its full-service approach provides a holistic view of financial performance, including tax-ready financials and real-time dashboards. Materials Inventory, on the other hand, is ideal for smaller manufacturers and makers who need precise control over raw materials, bills of materials, and product profitability. It offers a more focused set of features designed to optimize inventory management and prevent stockouts. If you need an accountant, go with Finaloop. If you need to track the materials that make up your inventory, then Materials Inventory is the clear winner.
Common Questions
What is the biggest difference between Finaloop and Materials Inventory?
Finaloop is a full-service accounting solution that *includes* inventory management, while Materials Inventory is *solely* focused on inventory management, especially for raw materials and bills of materials.
Which app is better for a dropshipping business?
Neither app is directly optimized for dropshipping. However, Finaloop *might* be beneficial if the dropshipping business is complex and needs full accounting support. But generally, other apps will serve a dropshipping model more directly.
Which app offers FIFO (First-In, First-Out) inventory tracking?
Finaloop explicitly states that it offers FIFO unit tracking for inventory management. Materials Inventory does not explicitly mention FIFO.
Which app is more suitable for a business with a high volume of transactions?
Finaloop, with its expert accounting team and real-time software, is better equipped to handle a high volume of transactions and ensure accurate bookkeeping. Materials Inventory would likely require more manual effort and may not scale as effectively.
Which app is easier to set up and use without accounting knowledge?
Materials Inventory is described as 'intuitive & easy to use', suggesting a simpler setup process compared to Finaloop, which likely requires some accounting knowledge or consultation with their team.
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