This can be particularly beneficial for small businesses and startups with limited budgets. Online bookkeeping companies will often specialize in services for a particular type of company. Some companies on our list specialize in startups, with strategic cash-burn analysis, Series A-C funding guidance, and tax strategies to boot. Other companies offer attractive budget bookkeeping support, but little in the way of CFO guidance, while yet others cater to businesses that utilize a wide-variety of payment and payroll software integrations. Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems.

Pricing Plans

Bookkeeper360 offers several different services and solutions for business owners — and, because of the variety of its services, the ultimate cost of working with Bookkeeper360 will also vary. With the first plan, called the “Support” plan, you continue to manage your own bookkeeping with some assistance from the Bookkeeper360 advisors. In essence, Bookkeeper360 will help you set up your accounting system, provide training and checkups and offer two hours per month of support, but you will manage your day-to-day bookkeeping tasks yourself.

Why You Can Trust Fit Small Business

And so, I don’t have to spend the time that we were spending in-house to deal with all of these bookkeeping issues. And so, having somebody who is the best at that means that we don’t need to bring those skills in house. No more feeling neglected by companies that promise more than they deliver.

Up to $100,000 in Monthly Expenses

If you decide to get this service, it should take less than two weeks to set up. Bookkeeper360 pricing took a hit in my evaluation because it’s quite pricey compared with competitors, and I believe that very small businesses with limited budgets might find its services expensive. It also fails to provide complete pricing information for many of its services. As an entrepreneur myself, I am dedicated to researching the software and services that will streamline accounting processes, ultimately saving time and money.

If you need to be able to accept credit card payments at your business, Bookkeeper360 also provides merchant services. These Bookkeeper360 services can integrate with Xero and QuickBooks, are free to set up and include next-day funding. You don’t have time to clean up messy books or deal with the IRS notices that result from inaccurate tax filings. With just one click, you can have the best bookkeepers service, taking the stress off your shoulders so you can focus on growing your business.

• You can use this chart to analyze the behavior of your business’ operating expenses.
• Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems.
• The Advisory plan starts at $700 per month and the Coaching plan starts at $1,500 per month.
• Any services beyond bookkeeping—such as payroll, HR, taxes, or keeping your books up-to-date—are available at an additional cost.

We consider the opinions of users and the service’s ratings on various review sites. These criteria were disregarded for providers where no reviews were found. The cash runway, also called cash burn rate, shows the estimated number of months until cash runs out. In the example above, the cash burn rate is 13 months, assuming the average monthly cash outflow remains the same. You can also change it per quarter and present it as trailing 12 months, trailing 24 months, or previous calendar years. The columns represent the volume of cash inflows and outflows while the line shows your net cash position.

Benefits of Working with a Fractional CFO

Sign up to receive more well-researched accounting articles and topics in your inbox, personalized for you. If you’re looking for a reliable, cost-effective way to make calls from home, a VoIP (Voice over Internet Protocol) service might be the perfect solution. “Our initiative with The Home Depot helps Pro Xtra members navigate the complexities of running a business, such as taxes and bookkeeping,” says Jamil Khan, Chief Small Business Officer at H&R Block. … Happiness as a business owner is about knowing when to delegate, how to develop people instead of just fixing problems and creating space for clarity and focus. I think the biggest thing for me with Bookkeeper360 is just the time savings.

Meet Our Team

• Bookkeeper360 has an A+ rating from the Better Business Bureau and no listed customer complaints.
• Since 2012, Bookkeeper360 has been the trusted choice for thousands of small business owners.
• The dedicated bookkeeper will meet you monthly to fix your books and generate monthly reports.
• Aside from bookkeeping services, Bookkeeper360 offers a web-based app that summarizes your data from QuickBooks or Xero and transforms it into visually appealing charts and graphs.
• Perhaps one of the most helpful ways to judge a provider is by reading its customer reviews.

Bench offers its services in five plans, designed to accommodate businesses of different sizes based on their monthly expenses. Regardless of your plan, Bench connects you with a dedicated bookkeeper with whom you work to set up all of your information and accounts on the Bench platform. One of these services is its CFO Advisory services, in which you work with the Bookkeeper360 team to analyze your financials and determine a strategy to manage and grow your business.

You might think that SaaS doesn’t have worry about sales tax, but think again. Many states and local jurisdictions are beginning to tax software-as-a-service. One of the biggest challenges of SaaS accounting is revenue recognition. In other words, spreading out revenue properly across the period of a contract, which is often different from when payment is received. We’ll take over your tedious rev rec spreadsheets (or create them) so you can focus on bringing in dollars, not accounting for them.

Keep in mind, however, that many services included in lower cost plans for other companies come at a hefty premium with Bookkeeper360. 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. Like Bookkeeper360, Bookeeper.com is a U.S.-based online bookkeeping service provider that works with small businesses. Unlike Bookkeeper360, however, Bookkeeper.com only works with businesses that use QuickBooks. With Bookkeeper.com, you can choose from two pricing plans, based on the number of transactions you make per month. Although Bookkeeper360 does list starting costs for all of its services online, its pricing is largely quote-based — which is something you’ll want to keep in mind as you look at different online bookkeeping services.

Visit Bookkeeper360’s Back-Office Technology bookeeper 360 page for more information about these services. However, most scores are high, and Bookkeeper360’s team of accounting professionals was praised for its knowledge and quick responses. Users, however, wished it offered sales tax support and a free trial because pricing can be expensive compared with competitors.

Bookkeeping is the core service that Bookkeeper360 offers and is available by signing up for a consultation with its U.S.-based team. That means you’ll spend less time acting as a go-between and have more time to focus on growing your business. Our in-house experts can take care of that, or we can work with your tax preparer to get them what they need.

The blue line represents current year data, while the gray line represents previous year’s data. You can use this year-over-year comparison to spot seasonality in revenues and expenses. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. Since the software works best when integrated with QuickBooks and Xero, I took user scores from the app stores of each accounting software.