Payouts tied to deposits, fees included
Stripe, PayPal, Shopify and Amazon pay out net of fees and refunds. Reconciles splits each payout into its charges, fees and refunds and ties it to the bank deposit, see payment reconciliation software.
FloQast competitors and alternatives for teams that need reconciliation first
Reconciles is a FloQast alternative for finance teams whose close stalls on matching, not on checklists. FloQast is a close management platform sold through a demo with quote-based packages, and buyer data on Vendr puts the median contract near $24,481 a year. Reconciles is self-serve, publishes its prices from $888 a year, and shows matched pairs from your own files within minutes.
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Where FloQast fits and where it does not
FloQast is built around the accounting close. Its own pricing page lists three packages, Close Management, Close AI and Risk and Compliance, covering a close checklist, account reconciliations, AI matching, journal entries, variance analysis and SOX controls. It connects to ERPs such as NetSuite, Sage Intacct, Microsoft Dynamics, SAP, Xero and Workday. For a controller who wants one place to run every close task and every control, that breadth is the point.
Many teams look at FloQast for a narrower reason. Bank lines do not tie to the ledger, Stripe or Shopify payouts arrive net of fees, customers pay three invoices with one wire. That is a matching problem, and paying for a full close suite to solve it is like buying an ERP to fix a spreadsheet. Reconciles does the matching and the exceptions work around it, and nothing else.
We only state facts about FloQast that FloQast or a named procurement source publishes. For current scope and terms, ask FloQast directly, and test Reconciles on this month's files before either call.
FloQast vs Reconciles vs spreadsheets
| Reconciles | FloQast | Spreadsheets | |
|---|---|---|---|
| How you buy | Self-serve, by card in your account | Demo with the sales team, then a quote | Already installed |
| Published price | $888 to $5,988 a year billed yearly, or $149 to $999 monthly | No prices published, packages quoted per customer | No license, paid in staff hours |
| Reported yearly cost | Same as the published price | Median about $24,481, range $10,147 to $68,727 (Vendr, 312 purchases) | Hours of matching every month |
| Implementation | None, results from your files in minutes | Onboarding project, Vendr reports $5,000 to $30,000 or more in services | Formulas built and maintained by hand |
| Contract | Monthly or yearly, cancel from the billing page | Annual terms, one to three years per Vendr | None |
| Scope | Bank, payout, settlement and invoice matching plus exceptions | Close checklist, reconciliations, AI matching, journal entries, flux, compliance | Whatever the workbook owner builds |
| Accounting systems | QuickBooks, Xero, NetSuite journal entries, file import from any ledger | NetSuite, Sage Intacct, Dynamics, SAP, Xero, Workday | Any export |
| Best for | Small and mid-size finance teams, ecommerce brands, accounting firms | Mid-market and enterprise controllers who want one close platform | Very low volume |
Other FloQast competitors buyers shortlist
When finance teams compare FloQast competitors, the same names come up in most shortlists. Each one solves a different version of the problem, so start from the job you need done.
- BlackLine is an enterprise close and reconciliation suite for large, multi-entity organizations, also sold by quote. We cover it on our BlackLine alternative page and summarize reported costs in BlackLine pricing.
- Numeric is a close management platform aimed at mid-market accounting teams, with close workflows and flux analysis.
- Trintech sells Adra for the mid-market and Cadency for large global companies, both covering the close and reconciliations.
- HighRadius focuses on order to cash and record to report automation for larger finance organizations.
- Reconciles focuses only on matching transactions and clearing exceptions, with published self-serve plans.
If the shortlist exists because reconciliations are late, compare the matching first. A close platform that still leaves 400 unmatched payout lines on day five has not fixed the close.
What changes when you switch the matching to Reconciles
One payment against many invoices
Partial payments and one wire for several invoices are matched as one to many or many to one groups, with tolerances on amount and date. The invoice reconciliation software page shows how.
A reason on every match
Every suggested pair carries a match reason and a confidence score, so the reviewer approves instead of redoing the work.
Exceptions sorted, not buried
Lines that do not match land in a queue sorted into unmatched, partial, duplicate, amount difference and date difference, with assignment and comments on Growth and approvals with an audit log on Scale.
How to replace manual matching in one afternoon
1. Export a bank statement and a ledger, payout or invoice file for last month.
2. Drop both files into the matcher on the home page and review the matched pairs.
3. Save the rules that worked and connect your bank, processors and QuickBooks, Xero or NetSuite.
4. Clear the exceptions queue and export the reconciliation report or journal entries.
When FloQast is the better fit
We would rather you buy the right tool. FloQast is likely the stronger choice if:
- You need a close checklist, task sign-offs and a close calendar for a team of ten or more accountants.
- SOX controls, audit readiness and risk management belong in the same purchase.
- Your ERP is Sage Intacct, Dynamics, SAP or Workday and you want a native connector for the whole close.
- Your company already plans a five figure budget and an onboarding project for close software.
When Reconciles is the better fit
- Your close slips because bank, payout and invoice matching takes days.
- You run QuickBooks, Xero or NetSuite and want journal entries posted after matching.
- You sell through Stripe, Shopify, PayPal or Amazon and fight fee and refund differences every month.
- You are an accounting firm reconciling many clients and need one entity per client, see reconciliation software for accounting firms.
- You want a price you can approve today, not after three calls.
Published prices instead of a quote
Starter costs $74 per month billed yearly or $149 monthly, with 3 accounts and 3,000 matched transactions a month. Growth costs $199 per month billed yearly or $399 monthly, with 15 accounts, 20,000 transactions and 5 entities. Scale costs $499 per month billed yearly or $999 monthly, with 60 accounts, 100,000 transactions, 25 entities, SSO and an audit log. Even Scale billed yearly costs about a quarter of the median FloQast contract Vendr reports. Our breakdown of FloQast pricing explains what drives that quote, and every limit is on the pricing page.
FloQast alternative questions
FloQast's main competitors are BlackLine, Numeric, Trintech (Adra and Cadency) and HighRadius on the close side. Teams that mostly need transaction matching also compare self-serve reconciliation tools such as Reconciles, which publish prices and skip the implementation project.
Yes, if what you need is reconciliation rather than a full close platform. Vendr reports a median FloQast contract near $24,481 a year. Reconciles costs $888 to $5,988 a year billed yearly, has no implementation fee and can be tested on your own files before you pay.
No. FloQast's pricing page names its packages but shows no prices, and every package is quoted after a demo. FloQast says it does not charge per user, so the quote depends on the package, modules and size of your close.
Yes. Some teams keep a close checklist where it is and move only the heavy matching, such as processor payouts and invoice payments, into Reconciles, then export the reconciliation report as XLSX or PDF to attach to the close.
You see your first matched pairs within minutes of uploading two files, and you can run a full month as soon as your sources are connected. There is no implementation project, because you start from the bank and ledger exports you already use.
Test the matching before you book any demo
Upload a bank statement and a second file. You will see how much of your close is really a matching problem, and what it costs to fix it.