When deciding whether to use online bookkeeping services, it’s best to consider the amount of time (and therefore, the amount of money) that you’ll save with accounting software and a dedicated bookkeeper. Its bookkeeping service comes with its Enterprise plan, which costs $399 per month when billed annually. You’ll get a dedicated accountant, year-round tax advice, tax prep, bookkeeping and financial reports.

Prioritize your business. We’ll prioritize your books.

1. 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.
2. There’s no extra fee or hourly charges for support—we’re always happy to nerd out about bookkeeping and your financial statements.
3. Some companies charge by the number of accounts you need them to manage, while other companies charge based on your company’s monthly expenses.
4. But Merritt Bookkeeping’s most stand-out feature might be its in-depth financial reports.
5. These companies often take an average of the last several months to determine which price bracket your business falls into.

Communications that are available any time include document sharing and live chat with a member of your bookkeeper’s extended team. Would you rather tackle accounting yourself instead of outsourcing it to a third party? Check out our list of the year’s best accounting software for small businesses to get started. Bookkeeping is an unavoidable part of having a business because the IRS has certain rules around financial recordkeeping. Aside from staying compliant, having organized books helps you monitor the health of your business, prepare for tax time, and prepare key financial statements.

With Live Expert Assisted, you’ll still be managing your own books. You can request a callback anytime when you need a little extra help. 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.

However, Merritt can still recommend a solid payroll provider or tax consultant who meets your needs. But there’s more than one virtual accounting company in the world, and solutions range from on-demand CFO services to simple pay-by-the-hour book balancing. Below, we review the best virtual and outsourced accounting services for small-business owners like you. It’s known for its easy-to-use interface and its simplification of accounting jargon. Sunrise is a good bookkeeping services solution for sole proprietors and freelancers without employees, and it’s good for invoicing customers, income and expense tracking, and basic reporting capabilities.

How A Bookkeeping Service Benefits Your Business

Bookkeeping services can also help small business owners save more through tax preparation and tax filing. IgniteSpot offers bookkeeping services that include bill payment and invoicing, plus accounting and CFO services at an additional cost. It didn’t make the list of top online bookkeeping services because it usually only works with companies that have annual revenue of $1,000,000 or more, so it’s not an option for many small businesses. When your business is still growing, bookkeeping isn’t such a cumbersome task. But as the business gets larger, it can start to become a very time-consuming job.

How to Read (and Analyze) Financial Statements

Feel confident about your business and your books with QuickBooks experts by your side to help you succeed. If you’re several years behind on your bookkeeping and taxes, you can get caught up and filed with Catch Up Bookkeeping. You can add any amount of Catch Up bookkeeping to a standard Bench plan. No matter how far behind you are (yes, even years behind), we can get you caught up quickly. 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.

The monthly financial reports you receive will allow you to make informed business decisions to support your company’s growth. When you work with an online bookkeeping service, you’ll usually be paired with a dedicated bookkeeper or a team of how to prepare for an audit bookkeepers and financial experts. You’ll be able to communicate with your team, though the amount and method of communication varies by company and plan.

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. Although InDinero offers scalable plans, they’re not very transparent about what exactly they include in each plan until you talk to a salesperson.

Want to kick off your small-business accounting with a solid accounting software service? Enter some basic information about your current accounting needs and we’ll send you up to five customized quotes. With Bench’s Catch Up Bookkeeping services, a Bench bookkeeper will work through past months of disorganized bookkeeping to bring your accounts up to date. 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. 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.