Your guide to the best online bookkeeping services for 2025

Business owners have to use Bench’s bookkeeper near me proprietary software, which could make it hard to move to another provider in the future. Your bookkeeper will be responsible for flagging discrepancies like typos, duplicate entries, or transactions recorded on the wrong date. They will also handle more complex issues, like fraudulent activity, unrecorded transactions, or timing differences between your books and the bank’s. Sometimes, this may involve contacting the bank, vendor, or client to clarify information or request corrected statements.

• You will also be required to pay a “clean-up fee” to begin your bookkeeping membership; however, this price is dependent on tax filing status, sign-up month, and business start date.
• QuickBooks, NetSuite, and Acumatica have been designed with customization and specialization in mind.
• Their bookkeeping services are done by Certified Public Bookkeepers (CPB) dedicated to each account.
• Bookkeeper has three standard plans, all billed monthly, and the option for custom pricing based on your needs.
• There’s no direct phone line, just a callback request, and no mobile app for communicating with my bookkeeper.

Plans offered

When manually doing the bookkeeping, debits are found on the left side of the ledger, and credits are found on the right side. Debits and credits should always equal each other assets = liabilities + equity so that the books are in balance. I’m very impressed with the professionalism and competency of everyone at Fourlane, without exception.

Switching from QuickBooks to Bench: Your Top Questions Answered

• If you previously used Quickbooks or Xero, KPMG Spark can integrate data from that software into its own.
• Its bookkeeping packages include certified virtual bookkeepers and a dedicated accountant for your business.
• Create value for your business while keeping accounting costs to a minimum.
• While we like it for this option in particular, if you’re looking for a more traditional bookkeeping service, Bookkeeper360 excels here, too.

If the hours you spend working with your accounting software could be better spent elsewhere and you’re already using the software as efficiently as possible, it might be time to hire an online bookkeeping service. Ultimately, it can benefit your business by freeing up your time and ensuring your books are up to date. This puts your business in a solid position come tax time and helps you keep a finger on the pulse of its financial state. Online bookkeeping services typically range from around $200 per month to well over $500 per month if you opt for more frequent reports or back-office add-ons. Depending on the bookkeeping service, costs also rise when your business’s monthly expenses exceed a particular threshold. The best online bookkeeping service depends on your business’s needs, but Bookkeeper360, Merritt Bookkeeping, and QuickBooks Live stand out as the top choices.

Plans:

We understand every company faces unique challenges, and that extends to its finances. To understand what features and functionalities you need, consider the financial tasks and workflows that you spend the most time on, like those prone to errors or involving repetitive data entry. Our best expert advice on how to grow your business — from attracting new customers to keeping existing customers happy and having the capital to do it. Bookkeeping refers to the recording and tracking of all financial transactions, while accounting refers to interpreting and summarizing this data. As mentioned before, 1-800Accountant has flat-rate packages to offer to their clients, but the pricing tiers will vary depending on your state. Bookkeeping services come as a part of the highest tier of services, so let’s build up to that.

Fourlane implements QuickBooks bookkeeping best practices and training for internal operations at Net Friends

• No cap on meetings with your bookkeeper; QuickBooks says small-business owners usually schedule one or two video appointments per month.
• One of the first questions small business owners ask themselves is whether they need to hire a bookkeeper at all.
• How often are you looking at your total current income and total current expenses?
• However, if you’re running a smaller business and have little or no experience in bookkeeping, your safest bet is probably to outsource your bookkeeping.
• Online bookkeeping services can also be more cost-effective than traditional bookkeeping methods.

We take ownership of your books and deliver the highest level of accuracy in monthly book closing. Their website also has plenty of resources for bookkeepers who are keen to learn. Where do you find the information, inspiration, and tools you need to become a better bookkeeper?

• Many bookkeepers also offer filing services, but their jobs are made easier and more accurate when a client uses accounting software.
• So, if you’re just getting started and looking to get your books in order from the get-go, Pilot is a great place to begin without having to worry about cleanup of your books down the line.
• Aside from staying compliant, having organized books helps you monitor the health of your business, prepare for tax time, and prepare key financial statements.
• So, for example, if you have a small business with $50,000 of weekly expenses, looking for a monthly meeting, payroll back office, and CFO advisory, you’d be looking at $1,795 per month.
• The Business plan starts at $125/month for tax planning and advice but to get business or personal tax preparation you’ll need a Corporation plan at $225/month.

This is a highly recommended method Bookkeeping for Painters because it tells the company’s financial status based on known incoming and outgoing funds. Because the funds are accounted for in the bookkeeping, you use the data to determine growth. Every financial transaction should have a line item in the general ledger, which tracks everything in one place.