That makes this one of the great online bookkeeping solutions for small businesses, as it provides a personalized experience with options to arrange one-on-one calls and chat with the agent. Everything goes through the app, too, so there’s no need to set up Skype. While you’re waiting for a reply, Bench’s handy FAQ and knowledge base are great resources for problem-solving. Historical bookkeeping will cost you an additional $299/month, while specialized bookkeeping starts at an initial $100/month.

  • The three bookkeeping price packages on offer here include the top-notch accounting programs.
  • With Bench, you not only receive online bookkeeping services but access to its proprietary bookkeeping software as well.
  • On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR.
  • These applications help with invoicing, payroll, and more to facilitate a more hands-off experience.
  • We took a deep dive into the bookkeeping market, identified the most prominent services, and evaluated them.

Some of the ways we help our clients is with cash flow optimization, key performance indicators (KPIs), growth strategy consulting, profitability analysis, and pricing & cost analysis. The Botkeeper Client Portal is where the business owner would find financials, download statements, build custom reports, and chat with your Botkeeper team as desired. Your clients receive a central platform to connect their financial and non-financial accounts, ensuring that their data is automated, compiled, and organized. Your clients get fast, accurate, seamless bookkeeping each month, while getting the personal touch, top-notch advisory services only you can provide. As we’ve already mentioned, Bench goes above and beyond simple bookkeeping, providing you with a real person you can talk to and ask for advice about your business.

Bench Pricing

Bench’s pricing starts at $249 per month when billed annually, versus $599 per month for Pilot, making Bench a more accessible option for small business owners and startups. Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services. Visit Bookkeeper360’s Back-Office Technology page for more information about these services. Bookkeeper360 assigns United States-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date. If you need help, you can contact them via phone or live chat and set up unlimited meetings. They will also grant you access to their screen so that you can view your books.

  • If you decide to get this service, it should take less than two weeks to set up.
  • If you have questions about your finances, any bookkeeper worth their salt should be able to answer them.
  • Some users wished that it was possible to call someone directly, rather than wait for a response or set up a meeting.
  • If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you.

These features are created for small businesses that have a designated accountant. If you have been handling your finances through excel sheets or any other bookkeeping software, this one will be a piece of cake. On the other hand, if most of your records are digital—you use online banking, and accept credit card payments—you may be better off using a virtual bookkeeping solution like Bench. Your bookkeeper will provide a balance sheet, statement of P&L, and statement of cash flows, plus customized reports, which are available with any plan.

What We Offer

The month-long trial is more than enough to decide whether you’re satisfied with the service. Just like its competition, Bookkeeper360 offers real-time accounting and monthly reviews, with advice on improving your business and saving you time so you can deal with important matters. The tool is very powerful and can handle large numbers of daily transactions, automatically sorting them into appropriate categories for easy filtering and browsing. All three Xendoo pricing plans can also be paid annually, giving customers the chance to save 10% on their total bill. Bookkeeper.com is a good fit for small businesses that want a full-service accounting firm and QuickBooks users looking for an affordable alternative to QuickBooks Live. It is also ideal for business owners who want to outsource their bookkeeping but still have access to their books.

Working with Bench

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. Our team volunteers at quarterly graduations, dog walks and events throughout the year in support of Canine Companions for Independence mission. In 2018 our CEO, Nick joined Canine Companions for Independence as a board member of the Northeast Region and, in 2020, was elected as the board president.

Aside from the in-app support from your personal bookkeepers, there is an “800” phone number available for quick calls for emergencies. There are a few types of businesses that aren’t a good fit for Bench, though. If your business depends on accrual basis accounting, doesn’t use online banking or payments, or earns over $2-3 million annually in revenue, you might be better off hiring a local bookkeeper. Essentially, making accrual adjustments gives our clients better insight in a cost-effective way.

Even if you choose not to continue after your free trial is up, you can keep the income statement and balance sheet prepared by your Bench bookkeeper. No, Bench uses its own proprietary software and doesn’t sync with commonly used accounting software like QuickBooks Online or Xero. You can contact your https://accounting-services.net/bench-accounting-audit-and-tax-services-company/ Bench bookkeeper at any time to schedule a call via the app, email, or a direct message on the Bench website. There’s no extra fee or hourly charges for support, and you’re welcome to reach out whenever you have a question. Danielle Bauter is a writer for the Accounting division of Fit Small Business.

It’s ideal for businesses looking to outsource their bookkeeping with a full-service accounting firm. When we compare Bench and Bookkeeper360 for their mobile apps, we give the win to Bench. Its iOS app gives access to real-time cash flow updates and intuitive visual reports. You can also message your Bench bookkeeping team and leave categorization notes.

Their role is intended to help empower accounting firms and assist them through periods of change. In addition, Botkeeper provides you with comprehensive support from your own Botkeeper accounting team. From onboarding forward, we will ensure a customized experience for your firm. Plus, we offer 24/7 support, so we are always plugged in for you and your firm.

A Beginner’s Guide to Online Bookkeeping

For any additional services, such as payroll or tax preparation, you can request a customized quote. There are many factors to consider, such as if they can handle the accounting tasks you want to outsource and if they offer the services you need at present and in the future at a cost you can afford. You will also want to take into account which accounting method the bookkeeper uses and how often you will communicate with them. Other questions to consider include whether the service is able to accommodate your accounting software and if you will require catch-up bookkeeping services. We suggest reading our guide on how to choose a virtual bookkeeper for the step-by-step process. Bookkeeping services start at $399 monthly and are only available with the Enterprise plan, which also includes priority support and access to financial reports.

Get started with Bookkeeper360!

With transparent pricing that’s based on your monthly expenses and available catch-up bookkeeping, it is an excellent option for businesses looking for an all-in-one accounting solution. The optimal online bookkeeping services are fast, with web-based applications offering unparalleled speed of access to your statements. It all works in real time, so you’ll see funds in your accounts the second they drop in. That means there’ll be no more nail-biting tension when tax season is approaching. Bookkeeper.com is ideal for businesses looking for the flexibility of customizing their own package and a service that can scale as you grow. It’s both online and cloud-based, and it’s interesting to note that it offers more services to QuickBooks Online users than its competitor, QuickBooks Live.

Bookkeeping

That add-on runs, at a minimum, $1,050 per month for up to three hours of advice on financial statements, business metrics, and monthly rolling financial forecasts. For assistance with selecting the best online bookkeeping service for your business, check out our article on how to choose a virtual bookkeeper. If you’re using Xero or QuickBooks, both the desktop and mobile apps will connect to your account and provide information like scorecards and metrics.