These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you. If you only need periodic help, pay as you go for $49 per month plus $125 per hour for support. Otherwise, monthly pricing starts at $399 and weekly pricing starts at $549 per month. Although QuickBooks Live Bookkeeping offers “full-service” bookkeeping, some tasks often fall to in-house or outsourced bookkeepers that aren’t included in the service. And keep in mind this service won’t make tax filings on your behalf, so you’ll have to handle that separately.

• On top of that, you need the data used in bookkeeping to file your taxes accurately.
• Rimberg’s bookkeeping services help keep the fiscal side of your business running fluidly.
• Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for.
• Thankfully, online bookkeeping services have lowered the financial barrier to getting bookkeeping and tax-related help.
• Depending on the service provider you choose, this service can be included in monthly plans or can be opted for at extra cost.
• Bookkeeper.com has a very intuitive and interactive dashboard and also has a section for real people where real people assist you.

How much does QuickBooks Live bookkeeping cost?

We have compiled the best online bookkeeping services to help you decide which fits your needs. Virtual accounting is a service provided by virtual accounting firms where qualified and experienced professionals provide accounting services remotely. They perform all the activities for a business that an in-house accountant provides. When compared with in-house accounting, virtual accounting is much more flexible, efficient and saves time as well as money.

Why trust NerdWallet

All three boast a dedicated team to ensure that your bookkeeper learns about your business and what makes it tick. QuickBooks Live Bookkeeping is a subscription service that gives a business a certified bookkeeper to help manage the company books. There is a $500 cleanup fee to get started, which pays to get your books up to date, and then you pay $200 to $400 per month for the service. You need to determine exactly what bookkeeping assistance you need, now and in the future, before shopping for an online bookkeeping service. Once you’ve compiled a list of bookkeepers that meet your needs, you should consider other factors, such as the service’s price and the type of communication available.

QuickBooks Live Alternatives & Comparison

Typically, you’d only get detailed financial statements like this through a CFO — which means Merritt gives you some of the best aspects of having a CFO without the high cost. In the end, your virtual bookkeeper should be a partner that can help grow your business affordably. Keep that in mind as you search for the right virtual bookkeeper for virtual bookkeeping services your small business. We consider the opinions of users and the service’s ratings on various review sites. Proprietary bookkeeping software could make it difficult to switch to another provider in the future. No cap on meetings with your bookkeeper; QuickBooks says small-business owners usually schedule one or two video appointments per month.

Brainy and Bookkeeper360 are both good options if customized services are important to your business. Because of the integration with Wave Accounting, it simplifies working with your bookkeeper and provides the ability to view your books in real time, which is why we selected it as the best for Wave users. In addition to bookkeeping, it provides accounting and payroll coaching as well as tax coaching, with access to both live coaching and email support. The service doesn’t offer tax preparation and filing, so it didn’t score well in the tax category. However, it aced pricing, which is based on several factors, including your company’s expenses and number of transactions.

Best Free Accounting Software for Small Businesses of 2024

• If you have employees or contractors, try applying the hourly rate of the one whose time costs the most.
• Your accountant will take the time to learn about your business, analyze your existing processes and suggest integrations if your business needs any.
• Bench offers a free trial for each plan that includes one prior month of bookkeeping, and whether you choose to continue using Bench or not, you get to keep the income statement and balance sheet for that month.
• Unlike QuickBooks Live Bookkeeping, Bench also offers historical bookkeeping services beyond the last filed tax return as well as tax filing and advisory services.
• Even if a bookkeeping service has all of these add-ons, they can be expensive, so be sure you understand the total cost before choosing a service.
• These integrations make it easy to track your bookkeeping and accounting data in one place.

Service providers that realize the importance of this factor make sure they tell you how many years of experience their accountants have. At the end of each month, your bookkeeper will send you PDF copies of key financial reports, https://www.bookstime.com/ which include your balance sheet and profit and loss (P&L) statement. Besides that, QuickBooks Online also has a lot of special reports that you can generate, like a balance sheet and P&L statement by class or location.

Merritt Bookkeeping: Best for business on a budget

Bench: Overall Best Online Bookkeeping Service

Accounting Services

• Merritt Bookkeeping is our pick for businesses on a budget because it offers the most affordable rates in this guide.
• There are several online bookkeeping services available, but we’ve identified the best in terms of pricing, features, and quality of service.
• QuickBooks Live is our top pick for online bookkeeping services because it offers cleanup bookkeeping services that vary based on your company’s needs for your first month.
• It integrates with a number of fintech tools (like Gusto, Expensify, etc.) to make it easier to use its services.
• It also syncs with either QuickBooks Online or Netsuite (as opposed to syncing just with QuickBooks, like most virtual bookkeepers).