QuickBooks Live Bookkeeping Review & Pricing in 2024

This influences which products we write about and where and how the product appears on a page. Live Bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live Bookkeeper completes the month-end closure. Typical cleanup is complete within 30 days after receiving all necessary documentation. Consider using QB Desktop to manage multi company files with a single license. Laura is a freelance writer specializing in ecommerce, lifestyle, and SMB content. As a small business owner, she is passionate about supporting other entrepreneurs, and sharing information that will help them thrive.

Wave Accounting is one of the very few business accounting software providers on the market that’s completely free. QuickBooks Live and Ignite Spot Accounting are two competitively priced services, where Decimal is substantially higher in cost for the same services. One thing that we found that separated QuickBooks Live from the competition was its accuracy guarantee. Some businesses will appreciate this guarantee that the service stands behind its work. If you haven’t worked with a bookkeeper before, it may take you some time to learn how to utilize the QuickBooks Live service best. While maintaining the records is relatively straightforward, getting valuable reporting pertinent to your business may take some time working with your dedicated bookkeeper.

While reports are easy to run, you may find that you need some reports and not others to best get a pulse on your business’s finances. Bookkeeping is the ongoing recording and organization of the daily financial transactions of a business and is part of a business’s overall accounting processes. While there are a myriad of courses available for bookkeeper education and training, a good deal of bookkeepers are self-taught since there are no required certifications needed to work as one. The skills needed to become a successful bookkeeper are often acquired through working in a career in the finance industry or even by balancing your personal budgets. Many bookkeepers hone and develop their expertise over time while others opt to complete seminars, read books or take online classes.

It will teach you all about ordering, selling and adjusting inventory using QuickBooks. In this guide, I have found some of the best online QuickBooks courses in 2024 that will show you how to use this powerful, yet simple piece of software to take control of your business. Prevent time-wasting and get around the product quicker by learning all the shortcuts you need for more efficiency.

This two-part course will help prepare accounting professionals for the QuickBooks Online Certification exam. The course is PART 1 of the two part series and will provide you with the skills and knowledge required to provide a professional level of support to small business clients and help them succeed using QuickBooks Online. As you progress through the course you will develop a working understanding of the complete end to end accounting life cycle and be able to support clients with sales price variance the key required tasks within QuickBooks Online Accountant. When you sign up for QuickBooks Live Bookkeeping, you are connected with a QuickBooks ProAdvisor, which is a bookkeeper certified by QuickBooks. You can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping. Ongoing communication is available at any time via document sharing and live chat, either with your bookkeeper or a member of your bookkeeper’s team.

• All plans come with onboarding, a dedicated bookkeeper and account manager, reconciliation at month-end, balance sheet, P&L, statement of cash flows and a portal with document storage.
• This webinar is for accounting professionals who are new to QuickBooks Online.
• You can also sign up for a one-time expert setup with a Live Bookkeeper to get started on the right foot.
• In this webinar, you’ll explore your firm’s core values and strategy and how they relate to making the shift to a cloud-based practice.
• This is a self-paced online course that you’ll have up to 12 weeks to complete.
• If you invoke the guarantee, QuickBooks will conduct an evaluation of the Live Bookkeeper’s work.

You’ll also get burn rate calculations, which is helpful for startups that need to closely track their spending. If you don’t need accounting just yet, our new money solution offers banking, payments, and 5.00% APY—all with no subscription or starting fees. The value of QuickBooks Live Bookkeeping setup depends on your specific needs and circumstances. For instance, if you have limited accounting knowledge and want someone to handle the initial set-up of your QuickBooks account and provide ongoing support, then it may be worth considering. Besides that, if you have a busy schedule and prefer to have someone else manage your bookkeeping, it is also a convenient option.

Working with our Live Bookkeepers

For pricing, we considered whether a service offers a free trial or a free version of its software as well as the affordability of its lowest and highest price tiers. Those that had pricing that we considered to be in the affordable or moderate range fared better in our rankings while companies that offer upfront pricing received higher ratings than those that did not disclose it immediately. FinancePal is best for small businesses that need bookkeeping assistance, including catch-up bookkeeping, entity formation and tax filing. They’ll provide guidance, answer your questions, and teach you how to do tasks in QuickBooks, so you can stay on track for tax time and run your business with confidence.

• It will teach you all about ordering, selling and adjusting inventory using QuickBooks.
• This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
• QuickBooks Live Bookkeeping is a subscription service that gives a business a certified bookkeeper to help manage the company books.
• So for a truly comprehensive guide on QuickBooks, this is a great place to start.

You can find services for as little as $20 per month while others run thousands per month. FinancePal provides an all-in-one bookkeeping solution that includes features, such as transaction reconciliation, bill pay, business projections, guidance, catch-up bookkeeping, financial statements and tax filing. It’s also ideal for brand-new businesses because FinancePal can help with entity formation. At the end of each month, your bookkeeper will send you PDF copies of key financial reports, 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. It’s our best small business accounting software because of its versatility.

Why QuickBooks

You can also sign up for a one-time expert setup with a Live Bookkeeper to get started on the right foot. A certified bookkeeper will help you set up your chart of accounts according to your needs, help connect your bank accounts, and show you how to automate the processes you perform most. QuickBooks Live’s pricing is based on the company’s average monthly expenses and ranges from $200 to $400 a month.

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The first month of service with QuickBooks Live, which costs $500, is dedicated to onboarding and cleanup of your books. After the first month, the ongoing live service is available in three different pricing tiers, depending on your company’s average monthly expenses over a period of three consecutive months. Use the QuickBooks Live Bookkeeping service to make sure your books are up-to-date, accurate, and ready for tax time.

pricing, and service options subject to change without notice.

And, QuickBooks Live Bookkeeping comes with an “Accurate Books Guarantee” to cover any errors made by your Live Bookkeeper (some exceptions apply). If you work with a popular subscription service such as QuickBooks Live Bookkeeping, you can pay as little as $200 per month for bookkeeping. Other services may cost as much as $2,500 per month, depending on the complexity of your business’s books. While any competent employee can handle bookkeeping, accounting is typically handled by a licensed professional. It also includes more advanced tasks such as the preparation of yearly statements, required quarterly reporting and tax materials. Get exclusive entry to our Find a ProAdvisor directory accessed by thousands of small businesses.

Because your bookkeeper can’t represent your business before the IRS, they can’t give tax advice or guidance. Your bookkeeper categorizes transactions and reconciles accounts for you, freeing up time to focus on your business. If you invoke the guarantee, QuickBooks will conduct an evaluation of the Live Bookkeeper’s work.

Why Is Bookkeeping Important?

Also if you need to be able to track vehicle mileage you’ll learn how to use QuickBooks to do that. This is a self-paced online course that you’ll have up to 12 weeks to complete. So take your sweet time working your way through the 24 hours of course material. It’s an intermediate level course meant for people who already have a strong grasp of QuickBooks software. Botkeeper is best for accounting firms that want to scale by automating bookkeeping tasks.