How to Find the Best Virtual Bookkeeping Service for Your Business

Bookkeeping is often a pain point for entrepreneurs, small businesses, and startups. Remote Books Online takes away your pain and frustration with affordable, flexible bookkeeping solutions for businesses of all shapes and sizes. QuickBooks Live is best for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it. Receive personalized insights including your profit and loss report and balance sheet. This helps inform your business decisions and gives you time to do what you do best.

We believe everyone should be able to make financial decisions with confidence. Yes, you’re free to switch QuickBooks Online plans or cancel at any time. If your monthly average is $50,001 or more, the monthly price for QuickBooks Live is $400. If your monthly average is $10,001-50,000, the monthly price for QuickBooks Live is $300. If your monthly average is $0-10,000 per month, the monthly price for QuickBooks Live is $200.

Merritt Bookkeeping

However, Ignite Spot doesn’t list its virtual accounting prices upfront. You have to enter more information about your needs to get a quote—which is useful if you want truly customized services but unhelpful if you’d rather choose a basic plan out of a lineup. With more than ten years of helping small businesses, we know bookkeeping inside and out.

• Remote bookkeeping, also known as virtual bookkeeping, is a method of managing financial records and transactions for businesses or individuals without the need for an on-site bookkeeper.
• We work with you to customize bookkeeping solutions based on your specific business needs and budget.
• With Bookkeeper360, you’ll get a dedicated virtual accountant who sends detailed reports on a monthly basis.
• At Outsourced Bookkeeping, our team of professional bookkeepers, accountants provide accurate and efficient remote bookkeeping services based on the requirements of the client.
• Quickbooks is the accounting software package developed by Intuit and geared towards small and medium-sized businesses.

This is the “ecosystem” that I use to run my virtual bookkeeping service. With these five apps alone I can manage every aspect of my clients’ needs. Through the categorization, reconciliation, and books close process, your Live Bookkeeper ensures your books are accurate. Your bookkeeper can’t, however, prepare or file your taxes for you as part of your Live Bookkeeping service—even if they’re a credentialed CPA. But with 12 months of accurate books, your finances are accurate and ready to file taxes at year end.

Structured Tasks

We use Citrix ShareFile to store the documents and Next-Gen CRM Backend helps our bookkeepers to access everything they need to work on your books and to communicate with you, making it a seamless process. Kathy Haan, MBA is a former financial remote bookkeeping services advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel.

Botkeeper is best for accounting firms that want to scale by automating bookkeeping tasks. Yes, you’re free to switch QuickBooks Online plans or cancel at any time. The benefit of using a virtual bookkeeper as a business owner is that it is often cheaper than hiring someone local to work on-site. The bookkeeper can be paid as a contractor and work as little or as much as the business needs. For a bookkeeper, working virtually provides convenience in the form of schedule flexibility and the ability to work from home. Team up with your very own QuickBooks-certified bookkeeper who understands your industry and gets to know your business.

Buffer data entry

Outsourced, virtual bookkeeping can cost as little as $150 per month and as much as $900 (or more) per month. Some companies charge by the number of accounts you need them to manage, while other companies charge based on your company’s monthly expenses. Typically, the lower your expenses (and the fewer your accounting needs), the less you’ll be charged. Bookkeeper360 offers a pay-as-you-go plan that costs $125 per hour of on-demand bookkeeping support. It’s an ideal plan for businesses that need minimal monthly support, though if you want more than two hours of help a month, you’ll save more money simply going with a service like inDinero or Bench.co.

Therefore, make sure you ask them which accounting app they use for their business and why. If they are using different software and tools, you should figure out why and use that to determine if you really want to work with them. Your bookkeeper will go over your reports to help you understand your financial situation, but may not provide financial or business advice (even if they’re a credentialed CPA). https://www.bookstime.com/ Because your bookkeeper can’t represent your business before the IRS, they can’t give tax advice or guidance. The COVID-19 pandemic has disrupted every aspect of the global economy, leaving a vacuum that has caused a ripple effect on the businesses of all sectors. The enforced lockdown measures and the subsequent economic downturn has had a significant impact on the financials of every business.

Tweetdeck data entry

Are you struggling with managing the transactions and invoices of your business? Do you consider yourself burdened by excessive bookkeeping tasks? If the answer to these questions is a big Yes, then you are in the right place. Because you have just created a spot for a virtual bookkeeper in your business.

Are you going back and forth with a prospective bookkeeper trying to nail down a time to talk, or do they use a scheduling app? If they’re not efficient about this stage of doing business, this may be a sign that they won’t be efficient once you are a client. Ask your prospective virtual bookkeeping service if they have experience in your industry, and if so, how many clients they have in your industry. You may even ask for a few customer testimonials to be sure that the service is a good fit. This way you don’t have to rely on the claims they make about what they can do for you. If they are offering advice that others find useful, then you will be able to see that rather than simply taking their word for it.

Want to kick off your small-business accounting with a solid accounting software service? Enter some basic information about your current accounting needs and we’ll send you up to five customized quotes. With Bench’s Catch Up Bookkeeping services, a Bench bookkeeper will work through past months of disorganized bookkeeping to bring your accounts up to date. Xero is a cloud-based accounting software platform for small and medium-sized businesses. 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.

Learn how our Live Bookkeepers are helping small businesses get more done. Work with our lending specialists to get smart answers to all your small business questions. Kelly is an SMB Editor specializing in starting and marketing new ventures. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University.