How to Find the Best Virtual Bookkeeping Service for Your Business

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. While there are certain scenarios where it makes sense to have a dedicated bookkeeper (or several) on your staff, this is typically reserved for very large companies. For the vast majority of businesses, the job of bookkeeping is too small for a department but too much for the owner. InDinero offers monthly, quarterly, and annual pricing but differs from the rest on our list because you have to talk to a salesperson to get an actual price.

Best for Unlimited Support

You’ll get a dedicated accountant, year-round tax advice, tax prep, bookkeeping and financial reports. FreshBooks’ online bookkeeping services help you protect your profits, save you time, and grow your business. In collaboration with Bench (more on them later), we offer expert virtual bookkeeping systems and tax services support. The two platforms work together seamlessly, allowing you to effortlessly bill and invoice with FreshBooks, and automatically see that income reflected in your bookkeeping. The best bookkeeping services take care of basic bookkeeping tasks, like reconciling bank statements, inputting transactions and generating financial reports. You should be able to directly call or message your bookkeeper with questions whenever necessary, and some services offer add-ons for tax planning and payroll.

How often do you want to communicate with your bookkeeper?

1. See how connecting with experts one-on-one gives this busy voice-over artist the confidence her books are done right and frees up time for the things she loves to do.
2. More questions about accounting software, online tax and payroll services, or anything else to do with bookkeeping services?
3. No matter how far behind you are (yes, even years behind), we can get you caught up quickly.
4. If you’re a freelancer, try applying your hourly rate to the time you spend on bookkeeping.

A year end package with everything you need to file comes standard with Bench. With our Bookkeeping & Tax plan, you get expert tax prep, filing, and year-round tax advisory support. With real-time insights, you can make on-the-fly decisions about where to spend and where to save, helping your business stay on budget. For complete information, see the terms and conditions on the credit card, financing and service issuer’s website. In most cases, once you click “apply now”, you will be redirected to the issuer’s website where you may review the terms and conditions of the product before proceeding. Bookkeeper360 puts a team of CPAs, advisors, and technology experts at your fingertips to help you better manage your finances.

Online Bookkeeping by Bench

Small-business bookkeeping is the process of accurately recording your business’s financial activity. When bookkeeping tasks become too time-consuming to handle on your own, hiring sample balance sheet template for excel an online bookkeeping service can be a worthwhile investment. 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. A bookkeeper can also provide you with reports on cash flow or show you what’s going on with your chart of accounts so you can streamline costs and stay on top of your business financials. They can also invoice your clients on your behalf, collect monthly payments, and manage your payroll service.

At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business. Our intuitive platform is designed for business owners, not accountants. So you can easily see all your transactions, track your cash flow, and check out visual financial reporting through your web browser or on your phone. You’ll likely need off-the-shelf accounting software in order to check your books and help your virtual bookkeeper categorize any transactions they’re unsure of. Be prepared to communicate mainly through email or messaging apps like Slack. Some of the apps might be different, but if your prospective virtual bookkeeping service can cover these five bases, then there is a good chance you’re covered.

You’re our first priority.Every time.

If you’re switching from QuickBooks, we’ll work from your closing balances to do your bookkeeping going forward. If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about Catch Up bookkeeping. When you know how to read your financial statements, you can find ways to increase your profit and catch problems before they grow. Prices start at $950/month for a maintenance plan and go up to $11,500 average/ month for the Ultimate Service Plan.

Forbes Advisor analyzed 13 online bookkeeping services and considered 15 metrics such as price, features, customer service, ease of use, integrations and service level. We also looked at real customer experiences to determine if their expectations were met based on what each company promised. After assigning a weighted score to each category, we formulated rankings for each company. If managing the financial aspects of your business is a headache, it may well be worth it to pay for a helping hand with bookkeeping and tax preparation. Leveraging a combination of accounting software and access to professional bookkeepers is an affordable way to ensure your accounts are always up to date. IgniteSpot Accounting boasts a more personalized approach to outsourced accounting services.