Depending on the company, you can speak with your bookkeeper (or team of bookkeepers) as often as you’d like or at least a few times per month. Small-business bookkeeping is the process of accurately recording your business’s financial activity. When bookkeeping tasks become bookkeeping 360 too time-consuming to handle on your own, hiring an online bookkeeping service can be a worthwhile investment. These services are typically staffed by people who have access to your accounting software and help make sure none of your financial data slips through the cracks.
- They will also grant you access to their screen so that you can view your books.
- Meetings with your QuickBooks Live bookkeeper are conducted via one-way video chat, and if you need to share documents, you can use the screen share feature.
- QuickBooks Live received mainly positive reviews from users, who praised the customer support team and the service’s affordability.
- Included in the tax services is tax advisory, where you can consult your dedicated tax advisor for tax-related matters.
- These criteria ensure that the content is trustworthy, easy to understand, and unbiased.
What’s the Best Online Bookkeeping Service on the Market?
You must have a subscription to any version of QuickBooks Online to sign up for QuickBooks Live, which is $90 per month for the QuickBooks Plus, its most popular plan. Also, the first month of service includes onboarding, so you’ll be charged a different price for that month. The first-month cost used to be $500, but QuickBooks Live no longer discloses the price. Both QuickBooks Live and Bookkeeper360 received mostly positive reviews, but Bookkeeper360’s average score is one of the highest we’ve seen for a bookkeeping service at a 4.8 out of 5.
- Should your needs exceed what’s listed here, Bookkeeper offers custom pricing on request.
- In short, if budget is first and foremost for you, then we think QuickBooks Live should be one of your top picks, as long as you’re prepared for the potential headaches it may bring.
- A QuickBooks Live bookkeeper is a QuickBooks ProAdvisor who works with you to provide online bookkeeping services.
- Bookkeeper360 customers who use Xero also have access to a mobile app that provides valuable financial data related to business performance, cash management, and payroll analytics.
- After setting up your accounting system, you’ll be able to use the Bookkeeper360 cloud-based platform to communicate and work with your bookkeeper or accountant.
Expense Management for Your Online Business
Both softwares offer add-on payroll features for an additional cost, but QuickBooks’ pricing and plan structure is complex and a bit difficult to understand. You’ll still have to pay a small monthly subscription fee, but other than that, the cost you’ll incur depends on how many hours of support you need from your dedicated accountant. Along with bookkeeping, the company also offers personalized tax and advisory solutions for business owners. Read our article on how to choose a virtual bookkeeper for guidance on selecting the right online bookkeeping service. You can also view your company’s transactions, upload your documents, and request an appointment with your bookkeeper through the Client Portal.
User Reviews: Bookkeeper360 Wins
You choose which QuickBooks Online plan you want, and then you tack on QuickBooks Live for $300 more per month. This provides a middle ground between managing everything yourself with software and handing over the reins completely to an accountant. You still have access to your finances in the software, but you also have someone to help you use the software properly and prepare for tax season. She started https://www.bookstime.com/ her career writing and editing content about home services before transitioning to home improvement products. She has spent the last year and a half working at a software company, managing content about CRM, project management and other business topics. QuickBooks Live and Ignite Spot Accounting are two competitively priced services, where Decimal is substantially higher in cost for the same services.
Accounting Method
If you don’t want to communicate virtually, these bookkeeper interview questions can help you find a resource near you. Customize plans to include other services like accounts receivable processing, inventory reconciliation and payroll support. Pricing also changes depending on how much money you’re bringing in and whether you use the cash or accrual accounting method. In the realm of small business solutions, the real challenge is to identify a service that isn’t just software, but an extension of your business. And while QuickBooks Live has started to offer bookkeeping services, Bookkeeper360 emerges as an all-in-one solution for businesses that need more.
What’s your online bookkeeping services budget?
Both services allow you to create custom categories for transactions and provide expert support to keep your books as accurate as possible. Your dedicated bookkeeper will review the information you input for accuracy and recategorize your transactions for cleaner reports. We see QuickBooks Live takes the lead in customer support when we compare QuickBooks Live and Bookkeeper360. Both have similar approaches when it comes to working with your bookkeeper, but QuickBooks Live offers more ways to communicate and a transparent view of the tasks that have been completed. That means you’ll spend less time acting as a go-between and have more time to focus on growing your business.
QuickBooks Live Bookkeeping Review
This makes it a great option for many small businesses seeking a wider range of services. Bookkeeper360 allows you to choose from its established plans or get a customized quote based on your company’s needs and whether you require add-ons like payroll or tax filing. There are additional fees for its other services, such as CFO advisory and tax filing. However, a QuickBooks Live bookkeeper’s involvement is minimal while a Bookkeeper.com bookkeeper can perform transactions on your behalf within the software itself.
Learn more in our cash- vs accrual-basis accounting method comparison, which also covers when to use each. Online services may offer one-on-one meetings, but you might have to pay more. If you want a higher level of support in the future, such as chief financial officer or CFO-style services, consider choosing a bookkeeping service that will allow you to upgrade later. Bookkeeper360 reviews highlight the ease of use of its services as well as the helpfulness and knowledge of its team. Reviewers also generally state how using its services has benefited their business. Bookkeeper360 has an A+ rating from the Better Business Bureau and no listed customer complaints.
If you can look at a provider’s website and know exactly what to expect in terms of both pricing and service, it’s much easier to compare providers against one another. Plus, with transparent pricing laid out for customers to see, a service provider can’t try and charge you more than it does someone else. Bookkeeper360 is a Xero partner, so it only works with businesses that use Xero or QuickBooks as their accounting system.
Empower Your Business with Bookkeeper360
Pricing isn’t Bookkeeper.com’s strongest suit because Merritt Bookkeeping has a more affordable pricing plan at only $190 per month for any size company. Bookkeeper.com also doesn’t have any user reviews that we could find online, which eliminated it from consideration in this area. It did, however, score high in the bookkeeping services and tax and consulting categories, earning a perfect score in the latter.
