Bookkeeping Help for Small Business

After you sign up, you’ll provide QuickBooks with information about your business—and, within a few minutes, you’ll be matched with a bookkeeper who has expertise in your industry. Besides having a dedicated professional, you’ll have access to an extended bookkeeping team if you have any questions. QuickBooks Live also has a new Assisted Bookkeeping option for an additional $50 per month, which is enabled when you toggle on Assisted Bookkeeping while selecting your QuickBooks Online plan. First, a bookkeeper goes through your past books line by line and brings them up-to-date. This includes a detailed review of your chart of accounts to ensure all of your past transactions are organized correctly. These extra features elevate QuickBooks above one-size-fits-all accounting software.

• In other words, if you want to save time on day-to-day accounting, Sage Intacct offers more value than QuickBooks Desktop.
• It will be interesting to see how that pricing works, and then what it will include.
• Later, when reconciling your books, you’ll be able to review these transactions in the For Review tab within the Banking menu.
• The program includes self-teaching workbooks that prepare you to pass the CB exam.
• Neither QuickBooks Live nor Bookkeeper360 have a mobile app that deals specifically with your online bookkeeping tasks.

However, a QuickBooks Live bookkeeper’s involvement is minimal while a Bookkeeper.com bookkeeper can perform transactions on your behalf within the software itself. QuickBooks Live and Bookkeeper.com price their basic bookkeeping service based on different scales. The pricing for QuickBooks Live is based on a monthly expense cap while Bookkeeper.com prices its services based on the number of transactions per month, in addition to an annual gross revenue cap. You have easy access to all the common financial statements like balance sheet, profit and loss (P&L) statement, cash flow statements and taxes filed. You can take a printout of these statements for your accountant and send it across to them at the time of filing or invite them to view these statements without needing a login ID or password.

Do you want to learn more about the top-recommended accounting platforms for small businesses? These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one. QuickBooks Online’s solid set of features (invoicing, inventory management, reporting, etc.) makes it a great solution for a variety of small businesses.

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Likewise, Sage Intacct has much more powerful automation tools than QuickBooks Desktop, so you can spend less time on repetitive tasks. For starters, all Enterprise plans come with QuickBooks Priority Circle. This premium customer support plan gives you 24/7 phone and chat help. It also includes perks like call-backs (to save you time) and screen sharing (to save you frustration), making it better than run-of-the-mill accounting support.

• If you’re in need of the customized services it provides, we recommend contacting the provider to get a custom quote before making your final decision.
• When you have a better idea of when money is coming and going, you can get ahead of potential cash flow issues.
• While QuickBooks Live and Bookkeeper.com both offer basic bookkeeping assistance, account reconciliation, and financial statements, Bookkeeper.com goes far beyond that.
• An accountant may perform all the same tasks as a bookkeeper plus additional advisory responsibilities.
• Besides having a dedicated professional, you’ll have access to an extended bookkeeping team if you have any questions.

The prices for both QuickBooks Live and Bookkeeper360 depend on the number of monthly expenses, but Bookkeeper360 also charges differently for cash and accrual accounting methods. If you’re looking for some more information about this and about Live Bookkeeping, then I encourage you to check out the article in the Firm of the Future blog. I encourage you to see whether this is an opportunity for you to seize, and to see this really as an opportunity.

What is QuickBooks?

In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. If you have at least 2 months of data in QuickBooks, there’s a flat fee for cleanup and setup for the first month of service. After the first month, pricing for QuickBooks Live Bookkeeping is based on your company’s average expenses in QuickBooks. Every three months, QuickBooks Live Bookkeeping automatically adjusts to the needs of your business by reevaluating your average expenses and pricing tier. 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.

Invoicing is one of the most crucial functions for many businesses, especially those that provide services or rely on freelancers. QuickBooks makes it easy to create invoices either from scratch or from an earlier estimate. QuickBooks is one of the most popular accounting software for small businesses in 2024. With Full-Service Bookkeeping we pair you with a dedicated bookkeeper who will bring your books up to date and then manage your monthly books for you, so you can focus on your business. QuickBooks Live Bookkeeping can be more cost-effective than hiring an in-house bookkeeper or outsourcing your bookkeeping to an accounting or bookkeeping firm.

Support

You can have up to 30 users on your Gold plan, and you’ll get core QuickBooks features like built-in payroll and reporting. Even on this lowest-tier plan, you can use QuickBooks Enterprise Desktop to manage multiple what is a bank reconciliation companies. 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.

Similarly, FreshBooks ranges from $17 to $55 per month, with time tracking in all plans. Turning over your finances to an accountant or bookkeeper can feel risky at best and downright scary at worst. You want to be sure you are working with someone ethical, honest, and dependable, which is why vetting and certification are key. The best virtual bookkeeping services will vet, certify, and train their bookkeepers for you, as Intuit does with all QuickBooks Live Bookkeepers, and ensure they have experience in various industries.

Q&A support

This helps inform your business decisions and gives you time to do what you do best. If you have historical records for your business, we’ll review your books during your first appointment to see if you’re eligible. The team of QuickBooks Live Bookkeepers includes professionals from many industries. When you sign up for Live Bookkeeping, we match you to a bookkeeper with experience in your industry. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance.

About Intuit

This serves as the foundation for all content, demonstrating a clear dedication to providing valuable and reliable information. Our team leverages its expertise and extensive research capabilities to identify and address the specific questions our audience has—and this ensures that our content is rooted in knowledge and accuracy. Your bookkeeper can run detailed reports giving you a clear view of your business performance.

Real support from real bookkeepers

Cleanup takes about 30 days from the time they receive everything they need from you. If you find that you have a talent for and enjoy the process, you may consider starting your own bookkeeping business providing this service to others. There’s always a demand for experienced, efficient bookkeepers in nearly every industry. Companies often outsource the organization of their finances to independent professionals, then hire accountants for more complex issues and tax filing. Any services beyond bookkeeping—such as payroll, HR, taxes, or keeping your books up-to-date—are available at an additional cost.