QuickBooks Live Bookkeeping Review & Pricing in 2024

Yes, QuickBooks Live Bookkeeping offers catch-up bookkeeping back to the last tax return you filed. QuickBooks Live has a feature that is unique to the service, its 100% Accurate Books Guarantee. This guarantee enables you to request an audit of your books at any time and is not something that Bookkeeper360 offers. The role can function as a part-time job to supplement other income, or you can be a full-time bookkeeper. If you become a QuickBooks Live bookkeeper, you can work from home based upon an agreed schedule at a set hourly rate based on your location, interview, and experience level. Bookkeeper.com charges anywhere from $399 to $799 per month, depending on the number of monthly transactions, frequency of service, and annual revenue.

• Has robust reporting tools and report customization options, invoicing for an unlimited amount of clients, inventory tracking in higher tier plans, plus a capable mobile app.
• During the onboarding process, your bookkeeper will ensure that your bank accounts are connected to QuickBooks, then they’ll download the statements and classify them in QuickBooks.
• First, a bookkeeper goes through your past books line by line and brings them up-to-date.
• Even so, the sheer breadth of features QuickBooks offers makes it a competitive enterprise accounting software.

When an effective bookkeeping system is in place, businesses have the knowledge and information that allows them to make the best financial decisions. Tasks, such as establishing a budget, planning for the next fiscal year and preparing for tax time, are easier when financial records are accurate. Workflow and process consistency are crucial for an accountant’s day-to-day work, but are especially important at the end of the year through January. Because Ledger adds the serviced clients to QBOA as all other QuickBooks clients, switching costs and access delays can be reduced. However, most businesses — even those that use the QuickBooks app — have not chosen to sign up with the QuickBooks Live service. Instead, they mostly use separate bookkeeping services, such as BooksTime.

Industry

Depending on your preferred method of communication, there are a couple of ways to interact with your QuickBooks Live or Bookkeeper.com bookkeeper. QuickBooks Online is not free to use, but new customers can choose between a 30-day free trial or a 50% discount for three months. Watching tutorials, reading support pages or consulting experts for advice are all great options to learn how to use QuickBooks Online for your business.

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.

QuickBooks Live Pricing

Many programs will provide certificates to show you completed the course. Some provide free and low-cost resources, while others may be more expensive but provide more knowledge. Learn about bookkeeping, typical responsibilities, how to become a bookkeeper, and remote bookkeeping opportunities with Intuit’s QuickBooks Live in the U.S. Includes tools that help automate the reconciliation process, along with a global search function and customizable dashboard; however, there is a learning curve. You can download and get started after spending a couple of hours browsing through the different screens. You can take a printout of all the information your accountant needs to prepare the returns and ship it to them easily.

The solution is ideal for business owners who’d like to step away from day-to-day bookkeeping tasks and outsource them elsewhere to save time. All plans include access to QuickBooks Online mobile apps, customer support and third-party app integrations. Add-on services — including QuickBooks Payroll and QuickBooks Payments — will incur separate costs. Although QuickBooks Online is user-friendly, there can be a learning curve, particularly if you’re unfamiliar with the basic principles of accounting. Additionally, QuickBooks can be expensive for many businesses, even more so if you add on time tracking or payroll. These days, we live in an on-demand economy and thrive on being connected on the go.

Features

Next, you can customize invoices, set up automatic sales tax tracking (if necessary) and learn how to enter mobile receipts and bills. You can edit all of your business’s account settings using the gear icon in the upper right corner. Intuit reports that 94% of accounting professionals feel QuickBooks Online saves them time and thus saves their clients’ money. QuickBooks allows you to keep track of financial functions like income and expenses, employee expenses and inventory in real-time and fulfill tax obligations hassle-free. When you are free of financial worries, you can focus on driving business growth and revenue.

How many different versions of QuickBooks are there?

QuickBooks Live received high praise from reviewers who appreciated the responsiveness and knowledge of the customer support team. They also said that the fees are affordable and the dashboard itself is easy to navigate. Two complaints are that there aren’t any bill pay or invoicing and income tax filing or advisory services available. Also, reviewers commented that they wished that QuickBooks Live offered a free trial so that they could try the service before committing.

Trial Balance in QuickBooks® Online Accountant Reimagi…

Whether you are already in the bookkeeping field or just starting out, this guide can help you determine your next steps. Someformal certifications include the National Association of Certified Public Bookkeepers (NACPB) and the American Institute of Professional Bookkeepers difference between sales and revenue with table (AIPB). You may be able to get on-the-job training through a bookkeeping job that only requires a high school diploma, such as an internship or training placement. You may also pursue certification programs or use online courses to become a self-taught bookkeeper.

QuickBooks offers a separate product — QuickBooks Self-Employed — designed for freelancers and independent contractors, with plans starting at $15 per month. If you’re considering desktop offerings, try exploring QuickBooks’ other small-business products and checking out our full breakdown of QuickBooks pricing. Its range of features can support very small operations as well as growing companies that need granular reporting tools to assess different areas of their business. You’ll meet with your bookkeeper via one-way video chat that can be accessed by sharing your screen.

Even without those higher-level plans, you can create custom tags and run reports to show where you make and spend the most money. These features can help you organize your finances and provide insights such as cost-cutting opportunities or sales trends that you can use to improve and grow your business. After you sign up for QuickBooks Online, you’ll be able to log in to your account and access the main dashboard view. If you’re moving to QuickBooks from another accounting software, you can import your existing files to your new account.

Neither QuickBooks Live nor Bookkeeper360 have a mobile app that deals specifically with your online bookkeeping tasks. However, both services integrate with QuickBooks Online, so you’ll have access to your QuickBooks Online app for basic accounting functions. Xero does not offer a mobile app, so Bookkeeper360 users should choose QuickBooks Online as their software if they want mobile accounting. QuickBooks Live offers only basic bookkeeping features while Bookkeeper360 offers a customized service plan that includes tax filing and advisory support. This makes it a great option for many small businesses seeking a wider range of services.