For tax and consulting, Bookkeeper360 also scored high, although it doesn’t offer the ability to file sales tax returns. The user review score of Bookkeeper360 is high as well, at almost a perfect mark. Merritt Bookkeeping costs a flat rate of $250 a month, with no restriction on the number of monthly transactions or the frequency of the service. The price is the same regardless of your business size and the number of employees. If you want your business to save time and money, then you should consider hiring a bookkeeping service. A bookkeeping service can help you stay organized and on top of your finances.
- However, for larger operations, it is a fair price, especially considering it includes tax planning and preparation.
- Higher-tiered plans unlock more transactions and a more frequent service level.
- As your business grows and your financial transactions increase, you will need a virtual bookkeeper to do routine tasks, like classifying transactions and reconciling bank accounts.
- Its low flat-rate fee and 100% money-back guarantee are also attractive features.
- The invoices not only help you look good but also ensures that you get paid faster, every time.
It scored fair for pricing, as it starts out with a low price for small businesses but gets a little expensive for larger companies. However, the hourly rate of $49 for add-on electronic filing e services is very affordable. For affordable tax preparation and filing, our top recommendation is Bench.
The Best Online Business Accounting Software
However, we’re fine with the low scores because it serves only Wave users, which are businesses with very basic needs. Although 1-800Accountant offers a dedicated bookkeeper and a number to call, it doesn’t offer video meetings or unlimited meetings, which is why it scored lower in the personal bookkeeper category. A good alternative is QuickBooks Live, which provides video meetings and unlimited meetings in general. Merritt Bookkeeping also lacks tax or consulting services but will work directly with your tax accountant to provide them with the necessary information to file your return. We recommend Bench if you want a combined bookkeeping and tax service.
How We Evaluated the Best Virtual Bookkeeping Services
Keep reading to learn about the different processing methods you can choose from. With Live Expert Assisted, you’ll still be managing your own books. Connect one-on-one with experts so you can manage your books with ease. Answer a few questions about what matters to your business and we’ll recommend the right fit.
Best for Unlimited Support
The Fit Small Business editorial policy is rooted in the company’s mission, which is to deliver the best answers to people’s questions. 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. Ignite Spot Accounting is best for businesses that want bookkeepers who are certified in popular bookkeeping programs. Botkeeper is best for accounting firms that want to scale by automating bookkeeping tasks. 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.
However, it doesn’t offer chief financial officer (CFO) advice. If that is important to you, consider choosing Pilot as your online bookkeeper. Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you.
There are three subscription plans available, depending on the services you need and the frequency. These are the starting prices as they increase based on the number of monthly expenses. Block Advisors is a branch of H&R Block that provides tax, bookkeeping, and payroll support. It’s a great option if you’re looking for reliable and efficient support year-round. In the area of tax and consulting, Bench’s Premium plan will file your annual tax return and provide tax advisory services.
Some services also support Xero, another popular cloud-based accounting software. If you’re comfortable with your current software, ensure your bookkeeping service supports it. Your virtual bookkeeper will categorize all of your financial transactions into the appropriate account, which includes labeling income, expenses, assets, liabilities, and equity. Many online services use machine learning algorithms to automatically categorize transactions based on past data and recognized patterns. Bookkeepers often review and adjust automated categorizations to ensure accuracy, especially for unusual or complex transactions.
