Decimal vs Novo

Detailed side-by-side comparison

Decimal

From $1500/mo

Decimal is a comprehensive accounting and finance platform that combines bookkeeping, CFO advisory services, and financial reporting specifically for startups and high-growth companies. It pairs modern technology with dedicated accounting teams to deliver real-time financial insights and investor-grade reporting.

Visit Decimal

Novo

Free

Novo is a fee-free digital business banking platform built for SMBs, startups, and freelancers that offers business checking accounts with integrated invoicing and expense tracking. It provides a modern banking experience with built-in financial management tools designed to simplify day-to-day money management.

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Feature Comparison

Feature	Decimal	Novo
Core Purpose	Full-service accounting, bookkeeping, and CFO advisory services with dedicated finance teams	Business banking with checking accounts, payment processing, and basic expense management
Financial Reporting	Real-time financial dashboards with investor-grade reports, P&L statements, balance sheets, and cash flow analysis prepared by professional accountants	Basic expense categorization and transaction tracking; requires integration with QuickBooks or Xero for comprehensive reporting
Human Support	Dedicated accounting team assigned to your business plus CFO advisory services for strategic financial guidance	Customer support available but no dedicated financial professionals; self-service platform for most banking needs
Invoicing & Payments	Not a primary feature; focuses on accounting the transactions rather than processing them	Built-in invoicing tools and payment acceptance directly within the platform for easy client billing
Accounting Software Integration	Integrates with QuickBooks and Xero, with Decimal team managing the books within these systems	Connects seamlessly with QuickBooks, Xero, and other accounting platforms to sync transaction data automatically
Tax & Compliance	Includes tax preparation support and ongoing compliance guidance from finance professionals	Provides transaction records and reports that can be exported for tax purposes; tax prep requires separate accountant or service

Pricing Comparison

Decimal starts at $1,500/month for comprehensive accounting services with dedicated professionals, while Novo is completely free with no monthly fees or minimum balances. The pricing reflects fundamentally different services: Decimal replaces your accounting department while Novo replaces your business bank account.

Verdict

Choose Decimal if...

Choose Decimal if you're a funded startup or high-growth company that needs professional accounting services, investor-ready financial reporting, and strategic CFO guidance to scale your business properly.

Choose Novo if...

Choose Novo if you're a freelancer, solopreneur, or small business owner who needs a free business checking account with basic financial tools and wants to avoid monthly banking fees while managing straightforward finances.

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Accounting

Pros & Cons

Decimal

Pros

+ Combines technology with expert human accountants for accuracy
+ Purpose-built for startups with investor-grade reporting
+ Proactive financial guidance from experienced finance professionals
+ Streamlined onboarding and migration from existing systems

Cons

- Higher price point compared to basic bookkeeping software
- May be overkill for very small businesses or solopreneurs
- Limited to U.S.-based companies

Novo

Pros

+ No monthly account fees or minimum balance requirements
+ User-friendly interface designed for small business owners
+ Fast account opening process with minimal paperwork
+ Built-in tools reduce need for multiple financial platforms

Cons

- Limited physical banking options as it's digital-only
- Interest rates on deposits are typically lower than traditional banks
- Some advanced features require third-party integrations