While pricing starts at $149 per month, it may be difficult to predict how much Wave bookkeeping will cost your business. There are no publically available pricing tiers—you’ll have to book a call with Wave to get a quote. Scrambling at the last second to gather documents for tax season is stressful, and rushing bookkeeping-related tasks can make you vulnerable to compliance issues and missed growth opportunities. Thankfully, online bookkeeping services have lowered the financial barrier to getting bookkeeping and tax-related help. As an insider in the cloud accounting world, I can tell you that many virtual bookkeeping services don’t follow the best practices that have been listed above.
- The magic happens when our intuitive software and real, human support come together.
- A small business can likely do all its own bookkeeping using accounting software.
- Every inDinero plan includes a dedicated account manager, direct employee reimbursements, some inventory management, and payroll assistance.
- Bookkeeper is one of the pricier business bookkeeping services on our list, but it comes with many possible add-on services.
- Some business owners, for example, might want their bookkeeper to handle payroll, HR or other back-office jobs like invoicing, bill pay and inventory management on top of fielding basic bookkeeping tasks.
Can a bookkeeper do tax returns?
With QuickBooks Live accounting for in Expert Full-Service Bookkeeping, a dedicated bookkeeper will get to know your business, bring your past books up to date, and do your book for you, start to finish. Typically, bookkeepers cannot file tax returns on behalf of other companies on their own. Bookkeepers will usually prepare relevant records and tax documents, and then forward this information to an accountant, who will then prepare the actual tax return. A downside of Bench is that it specializes in cash-basis accounting, although there is a custom accrual accounting plan on the Pro plan. 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 your small business.
Custom plans make it difficult to predict exactly how much you’ll pay per month. No cap on meetings with your bookkeeper; QuickBooks says small-business owners usually schedule one or two video appointments per month. Ignite Spot Accounting is best for businesses that want bookkeepers who are certified in popular bookkeeping programs. 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. If your monthly average is $50,001 or more, the monthly price for QuickBooks Live Expert Full-Service Bookkeeping is $700.
Free Course: Understanding Financial Statements
Equivity is a good choice if you want an administrative assistant that goes beyond bookkeeping. It’s also best if you already have experience with software like QuickBooks—otherwise, you could face a learning curve. Check online reviews, and if you can’t find any, ask the bookkeeper if they can provide testimonies or connect you with some current clients.
Bookkeeper360: Best for hourly bookkeeping
These services are typically staffed by people who have access to your accounting software and help make sure none of your financial data slips through the cracks. 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. This service is ideal for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it themselves. QuickBooks Live Bookkeeping offers online bookkeeping services that connect small businesses with trusted, QuickBooks-certified virtual bookkeepers. Depending on the service you choose, a bookkeeper can give you guidance or take the lead on your bookkeeping.
When you have a Small Business Plus plan or higher, you get unlimited online support. 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. Higher-tiered plans unlock more transactions and a more frequent service level. Online bookkeeping services can save business owners both time and money.
On top of that, you need the data used in bookkeeping to file your taxes accurately. FinancePal is best for small businesses that need bookkeeping assistance, including catch-up bookkeeping, entity formation and tax filing. With Live Expert 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.
Bench gives you at-a-glance visual reports, which provide you with actionable insight that’ll help grow your small business. Another bonus is that you get to communicate with your bookkeeping service team via chat easily. In addition, Bench has raving online reviews and many integration options.