Virtual bookkeeping means having your bookkeeper work for you remotely using cloud-based software. This advanced accounting software enables file sharing with you for real-time review, full transparency, and ease of communication. Anyway, the major advantage of uploading all this financial data to an online platform is how easily you can access monthly reports, financials and review items. For instance, you can check a bank statement at any time via the platform. This feature comes in handy while mulling over numbers before heading into a meeting.

• A positive aspect of Bench is that it gives you the ability to analyze all your cash flow in one system.
• In addition, Bench has raving online reviews and many integration options.
• We’ve compiled a list of the top online bookkeeping solutions for you.
• While you’re waiting for a reply, Bench’s handy FAQ and knowledge base are great resources for problem-solving.

If you’ve previously used QuickBooks to manage your finances, Bench’s staff can help you make the transition. Xendoo offers bookkeeping and accounting services to help businesses keep track of their finances. This is great for small businesses that may not have the time or resources to do this independently. Now that we've gone over the pricing, let's talk about some of the features that set 1-800Accountant apart as one of the best online bookkeeping services. Founded in January ​​2003, FreshBooks evolved into one of the world’s most trusted accounting software. It helped over 24 million people in 160+ countries handle their accounting needs.

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This mistake can be fixed, however, you’ll just have to log in to Bench.co’s web-based app and do it yourself. Doing so provides Bench with the ability to import all your transaction and expense data to compile your books. Such a setup can be daunting for some because let’s face it – nobody likes sharing their financial information with anyone.

The user experience was clearly designed for novice bookkeepers who are just starting out, or for established but still small companies that just don’t need many accounting features. For example, there are no accrual-based accounting, HR or payroll support, financial forecasting, invoicing, or tax planning options. Also, Merritt only works with QuickBooks, so you might have to make a switch if you use another option.

Best Online Bookkeeping Services for Small Businesses

You also have the option to build a Custom Plan that offers controller support, and fractional CFO services. These services are usually virtual, as well, so it doesn’t require you to trudge to an accountant’s office to start their services. The best online bookkeeping services will provide you with as many services as you need — and none that you don’t need.

It might be confusing whether you need a bookkeeping service or accounting software, but the answer depends on the size and scope of your business. 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. Bookkeeping services are available on the Enterprise plan with costs $375/month. Pilot Bookkeeping is a flat-rate bookkeeping service with a strong focus on small business growth. Bookkeeper.com is an all-around solid pick for small to midsize businesses that might want additional payroll and tax help down the road. Remote Books online helped me do my bookkeeping for my small business.

List of Bookkeeping Companies Accounting & Bookkeeping Firms

While the company offers an exceptionally impressive array of features and services, its higher-than-average pricing might make it prohibitively expensive for some small businesses. Furthermore, the cost of the advanced services and add-ons can law firm bookkeeping be difficult to estimate without getting in touch with a sales representative. Nonetheless, if you're looking for the highest quality and most comprehensive service offered by an online accounting firm, then inDinero is an attractive option.

After signing up with Bench, one member of the team gets assigned to you and, from that point onwards, works one-on-one with your business. This accountant will learn about your company and will guide you through all the tools at your disposal. Before you start, there’s an option for a free one-month trial, which we highly suggest. If you’re behind on your bookkeeping, Xendoo offers a catch-up service for an additional flat fee, starting at just $295 monthly.

Features and benefits available

When it comes to running a small business, accounting services are now providing very streamlined bookkeeping solutions. One such company is Merritt Bookkeeping, a highly rated bookkeeping service that’s one of the favorites among small businesses in the United States. Merritt provides hassle-free setup and payments, going toe-to-toe with many larger companies in the industry.

BenchTax will take over your entire filing process from start to finish, which should save you a great deal of time and energy. If you’re using anyone other than Bench to manage your books, you can still avail of its tax services. However, you’ll have to give Bench one month’s worth of filing history to ensure your books are up to date.