Sign up today and we’ll do one prior month of your bookkeeping and prepare a set of financial statements for free. With our resources and expert team, you’ll also get a full understanding of IRS requirements for mixing personal and business transactions based on your corporate entity. There are some times that we’ll request documents from you (like account statements or receipts), just to ensure the information we have is correct. If you need to share files with your bookkeeping team, it’s as simple as uploading a file. We’ll work with you to connect accounts and pull the data we need to reconcile your books.
Our experts are here to help
Your bookkeeper has a portfolio of clients they’re working for, but they’re always available for questions or conversations about your finances. Their flexible schedule gives you the communication of a full-time bookkeeper but on a part-time budget. The magic happens when our intuitive software and real, human support come together. Book a demo today to see what running your business is like with Bench.
Don’t lead them by asking if they send out reports on a schedule. Simply ask them what the deliverables will be each week or month. In fact, I will likely never meet most of my clients in person. Online bookkeeping services typically offer a dedicated contact or team — but these are still virtual bookkeepers, available by email or occasionally by phone. If you don’t want to communicate virtually, these bookkeeper interview questions can help you find a resource near you.
Virtual bookkeeping and accounting services can take bookkeeping tasks off your hands for good. All of the time you spend doing menial tasks, like making journal entries in a general ledger, can be redirected towards growing your business. Our intuitive software automates the busywork with powerful tools and features designed to help you simplify your financial management and make informed business decisions. Customize plans to include other services like accounts receivable processing, inventory reconciliation and payroll support. A Live bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting.
While Equivity offers a fairly robust bookkeeping package, they don’t use their own software. If you sign up for Equivity, your virtual bookkeeper will use QuickBooks, or another off-the-shelf accounting app, to manage your bookkeeping for you. You’ll need to learn how to use this software in order to help categorize transactions or enter transactions manually. The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners.
If a virtual bookkeeper has no website, no online profile, and no social media, that may be a sign they’re inexperienced or unreliable. Look at their LinkedIn to see if their past experience suits your business needs. Virtual services are more sophisticated than individual freelancers.
Can you afford a virtual bookkeeper?
When comparing services, ensure you’re pricing out all the features you need, including add-on services like tax prep, payroll and HR. If you’re considering a bookkeeping service that runs on QuickBooks or Xero, include the cost of that software, too. Take advantage of product demos and introductory calls to find the right service. Some bookkeeping services can provide a full suite of bookkeeping, accounting and tax services. Examples include bookkeeping journal entries, bookkeeping ledger, bookkeeping reconciliation and bookkeeping trial balance. With Bookkeeper360, you’ll get a dedicated virtual accountant who sends detailed reports on a monthly basis.
More time each day
- Even if you aren’t planning on growing any time soon, you need to have a sense of how much money is coming in vs. what is going out.
- A lot of virtual bookkeepers use accounting software like Xero or QuickBooks Online.
- It’s a huge miss because reviews can be a crucial piece of social proof.
- Hand off your books to a Live bookkeeper and get back to what you do best.
- By syncing up with your bank accounts and credit cards, the software allows bookkeepers to automatically record transactions, categorize them, and create financial reports.
Our ratings considered everything from pricing and customer reviews to the number and quality of features available and what our panel of experts thought about the services available. QuickBooks Live Bookkeeping offers online bookkeeping services that connect small businesses with trusted, QuickBooks-certified virtual bookkeepers. Depending on the service you choose, a bookkeeper can give you guidance or take the lead on your bookkeeping. QuickBooks Live is our top pick for online bookkeeping services because it offers cleanup bookkeeping services that vary based on your company’s needs for your first month. This service is ideal for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it themselves. The Essential plan ($249 a month if billed annually or $299 billed monthly) focuses on bookkeeping only, giving you access to a dedicated team that performs monthly bookkeeping services.
Best for Hiring Certified Bookkeepers
This feature saves you the time and effort of manually uploading documents. QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping and taxes. Bench gives you a dedicated bookkeeping team so you have a direct line to your own experts on what are noncash expenses meaning and types desktop or mobile–professional support is just a few swipes, taps, or clicks away.
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