Finaloop vs WebPlanex: GST Invoice Indiafor Shopify (2026)
Finaloop and WebPlanex: GST Invoice India, while both finance apps with perfect 5/5 ratings, cater to fundamentally different accounting needs for Shopify merchants. Finaloop provides comprehensive, full-service bookkeeping and inventory management, delivered through its own software and a team of expert accountants. This makes it ideal for e-commerce businesses seeking real-time financial insights, tax-ready financials, and streamlined inventory tracking, particularly those struggling with messy books or needing expert accounting support. Finaloop positions itself as an outsourced accounting department, offering services beyond just invoice generation. WebPlanex focuses specifically on GST compliance and invoice generation for Indian merchants. It automates the process of creating GST-compliant invoices directly from Shopify order data and generating reports necessary for GSTR-3B and GSTR-1 returns. Its strength lies in simplifying GST-related tasks for businesses operating within the Indian tax system. The primary difference between the apps lies in their scope. Finaloop offers a holistic accounting solution, while WebPlanex offers a niche solution specifically for GST invoice generation in India. While both apps have high ratings, WebPlanex has significantly more reviews (405) than Finaloop (60), which suggests a potentially larger user base within its specific target market. Ultimately, a merchant's choice depends on whether they need comprehensive accounting support or a streamlined solution for GST compliance and invoice generation. The level of accounting knowledge and support needed for a business will decide which choice is best.
At a Glance
Finaloop
60 reviews
WebPlanex: GST Invoice India
405 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
WebPlanex: GST Invoice India
Download GST-ready invoices. Get useful sales reports with all necessary data for GSTR-3B and GSTR-1
Key Features
- Generate Branded Invoices with your Store Logo,Legal Name, Address, Phone no etc
- Get useful sales reports with all necessary data for GSTR-3B and GSTR-1 returns.
- Multi Location fulfillment support with different GST numbers
- Get 4 different Invoice templates with own customization
- e-Invoice json generation facility. Create e-Invoice easily.
Feature Comparison
| Rating | 5/5 | 5/5 |
Rating Finaloop5/5 WebPlanex: GST Invoice India5/5 | ||
| Reviews | 60 | 405 |
Reviews Finaloop60 WebPlanex: GST Invoice India405 | ||
| Target Market | Ecommerce businesses (US focus likely) | Indian businesses needing GST compliance |
Target Market FinaloopEcommerce businesses (US focus likely) WebPlanex: GST Invoice IndiaIndian businesses needing GST compliance | ||
| Accounting Approach | Full-service bookkeeping & inventory management | GST Invoice generation & reporting |
Accounting Approach FinaloopFull-service bookkeeping & inventory management WebPlanex: GST Invoice IndiaGST Invoice generation & reporting | ||
| Main Benefit | Real-time, tax-ready financials & expert support | Automated GST invoice creation & reporting |
Main Benefit FinaloopReal-time, tax-ready financials & expert support WebPlanex: GST Invoice IndiaAutomated GST invoice creation & reporting | ||
| Inventory Management | Yes (FIFO unit tracking) | Fulfillment location-based GST calculation |
Inventory Management FinaloopYes (FIFO unit tracking) WebPlanex: GST Invoice IndiaFulfillment location-based GST calculation | ||
| Ease of Use (Subjective) | Potentially requires more setup initially due to broader features, but simplifies ongoing tasks. | Potentially simpler immediate setup focusing on invoices, but limited in scope. |
Ease of Use (Subjective) FinaloopPotentially requires more setup initially due to broader features, but simplifies ongoing tasks. WebPlanex: GST Invoice IndiaPotentially simpler immediate setup focusing on invoices, but limited in scope. | ||
| Value Proposition | Peace of mind with expert-managed accounting. | GST compliance made easy and affordable. |
Value Proposition FinaloopPeace of mind with expert-managed accounting. WebPlanex: GST Invoice IndiaGST compliance made easy and affordable. | ||
Our Verdict
For businesses needing comprehensive accounting solutions, including real-time financial insights and inventory management, Finaloop is the superior choice, especially if they are comfortable with outsourcing their bookkeeping. Its full-service approach and expert team can save time and ensure accurate financial reporting. However, for businesses operating in India and solely focused on streamlining GST invoice generation and reporting to comply with Indian regulations, WebPlanex: GST Invoice India is the more targeted and efficient option. If your biggest worry is GST compliance and reporting and you have a solid understanding of your accounting, WebPlanex is recommended, but if you have any bookkeeping challenges, Finaloop is the stronger choice.
Common Questions
Which app is easier to use?
WebPlanex is likely easier to set up initially if the only need is to generate GST compliant invoices, as it focuses on a specific task. Finaloop requires a more involved onboarding process as it manages the entire accounting function, but may ultimately be easier to use ongoing if you do not have expertise in accounting.
Which app is more expensive?
Without pricing information, it's impossible to say definitively. However, Finaloop's full-service model likely comes at a higher cost than WebPlanex, which offers a more focused solution. The price will depend on the value of services provided by each app.
Can both apps be used together?
Potentially, but it would likely be redundant. If a business uses Finaloop for its general accounting and inventory management, using WebPlanex would offer little additional value. Businesses can choose either of these apps, but generally not together.
Which app is suitable for a small business with minimal accounting knowledge?
Finaloop would be the better choice for a small business with minimal accounting knowledge, as it provides full-service bookkeeping and support from expert accountants. It reduces the burden of managing complex accounting tasks.
Does WebPlanex offer services outside of India?
Based on the description, WebPlanex is specifically designed for GST compliance in India and likely does not offer services for other regions. GST is specific to India's goods and services tax laws.
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