Although these are both great accounting solutions used by numerous business owners, this is a problem if you use another system. If you use a solution like Freshbooks or Wave and want to keep that software, you’ll have to search for another bookkeeping service. Bookkeeper360 can work with a variety of payroll solutions, including top providers like Gusto and ADP. It also gives you the option to integrate Xero with these different solutions to sync your payroll data. Our complete list retained earnings below includes why we selected each online bookkeeping service, monthly price details and features checklists to help you easily compare services.
What is the Bookkeeper360 App?
Or, if it isn’t already included, you may be looking for tax support to take some of the pressure off when it’s time to file returns. These services can help you claim the correct small-business tax credits and deductions, prepare your returns and file them. Even if a bookkeeping service has all of these add-ons, they can be expensive, so be sure you understand the total cost before choosing a service. Another advantage of online bookkeeping services is that they offer real-time data tracking and reporting. This means that businesses can monitor their financial performance as it happens – and quickly identify any issues or opportunities for growth. Online bookkeeping services can also automate certain tasks, such as reconciling bank statements, generating financial reports, and tracking expenses.
- The answer to that question is going to depend on your specific needs.
- Bookkeeper360’s app – which costs $19 per month on its own – offers an all-in-one management portal for your business.
- It also gives you the option to integrate Xero with these different solutions to sync your payroll data.
- HRS360 also provides assistance with federal and state compliance, training videos, employee on-boarding forms and job descriptions.
- You can also call your bookkeeper or message them in Bench for support whenever you’d like.
- 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.
Accounting Firm Hireability Index: What SMBs want from firms
The dedicated bookkeeper will meet you monthly to fix your books and generate monthly reports. Upon enrollment, you’ll be assigned a dedicated bookkeeper who will work with you to figure out the best strategy for your business. That includes determining the frequency of the service and deciding whether you require services in addition to bookkeeping, such as payroll and HR or tax filing. Then, you’ll connect Bookkeeper360 to your accounting system—either QuickBooks or Xero—and work online collaboratively with your bookkeeper to manage your finances. The three subscription plans for core bookkeeping services are listed below. Any services beyond bookkeeping—such as payroll, HR, taxes, or keeping your books up-to-date—are available at an additional cost.
Bookkeeper360 Reviews From Users
However, most scores are high, and Bookkeeper360’s team of accounting professionals was praised for its knowledge and quick responses. Users, however, wished it offered sales tax support and a free trial because pricing can be expensive compared with competitors. Despite these significant benefits of Bookkeeper360, there are also downsides to this online bookkeeping service worth considering. If you need to be able to accept credit card payments at your business, Bookkeeper360 also provides merchant services. These Bookkeeper360 services can integrate with Xero and QuickBooks, are free to set up and include next-day funding.
Advice and answers from the Bookkeeper360 Team
With the Weekly plan, you’ll receive a dedicated accountant who will perform your bookkeeping on a weekly basis. This plan will also include cash and accrual basis accounting and reporting, as well as invoice and expense management, technology consulting, monthly financial reviews and weekly catchup calls. 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.
Considerations for Outsourced Bookkeeping
You have the option to create a custom solution; however, you can also choose one of the three pre-designed packages Bookkeeper360 offers. After the consultation, you’ll collaborate with your dedicated account manager to determine what bookkeeping strategy is best for your business; then you’ll work with Bookkeeper360 to bookkeeper360 connect your accounting system. Bookkeeper360 is a Xero partner, so it only works with businesses that use Xero or QuickBooks as their accounting system. Flat rate of $190 per month is more affordable than other bookkeeping services.
Breadth of services
- Plus, with transparent pricing laid out for customers to see, a service provider can’t try and charge you more than it does someone else.
- Bookkeeper360’s app is extensive, and allows users to track business performance, cash management, and payroll analytics.
- Flat rate of $190 per month is more affordable than other bookkeeping services.
- Unlike Bookkeeper360, however, Bookkeeper.com only works with businesses that use QuickBooks.
- Keep in mind, however, that many services included in lower cost plans for other companies come at a hefty premium with Bookkeeper360.
The charts will show your cash inflows and outflows for the past 12 months, past 24 months, last calendar year, last two calendar years, and last three calendar years. It also shows cash insights by computing your net cash after deducting credit card liabilities. 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 took a small hit in our rubric due to the inability of filing sales tax returns, and I recommend looking into Xendoo if that is necessary for your business (read our review of Xendoo). However, Bookkeeper360 offers tax services that include individual or business income tax filings, local tax filings, 1099 reporting, and overall tax planning and compliance. Included in the tax services is tax advisory, where you can consult your dedicated tax advisor for tax-related matters. Aside from bookkeeping services, Bookkeeper360 offers a web-based app that summarizes your data from QuickBooks or Xero and transforms it into visually appealing charts and graphs. You can keep track of your business performance directly from the app after integrating it with your QuickBooks Online or Xero account. Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems.