The team at Merritt works in QuickBooks, which is helpful for easy handoff to your accountant and in case you decide down the line to bring your bookkeeping in-house. As a result, working with a virtual bookkeeper can save you up to $70,000 a year, which can be invested in growing your business. The variety and depth of the services offered by virtual bookkeeping firms vary.

Virtual bookkeeping, also known as remote bookkeeping, connects small business owners with online bookkeepers who can help keep a business profitable by tracking money in and money out. Bookkeeper 360 is a virtual bookkeeping company based in the USA and provides end-to-end bookkeeping services for small business. They have plenty of add-ons in their packages, and you can customize them to your needs. They have weekly and monthly reconciliations packages, and their prices are based on whether you use cash or accrual accounting in your company. QuickBooks Live Bookkeeping provides real-time bookkeeping assistance from a QuickBooks-certified bookkeeper (also known as a QuickBooks ProAdvisor). Virtual, outsourced, and online are often used interchangeably when referring to bookkeeping and accounting.

Best for Hiring Certified Bookkeepers

These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you. If you only need periodic help, pay as you go for $49 per month plus $125 per hour for support.

• 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.
• The variety and depth of the services offered by virtual bookkeeping firms vary.
• Outsourced bookkeeping and accounting services have the power to completely transform growing small and medium-sized businesses for the better.
• And the Executive plan, which is built for larger companies that need CFO services, has custom pricing.
• There are three pricing tiers for QuickBooks Live, which are based on your business’s monthly expenses.
• I simply dump all record keeping, QuickBooks updates, tax reporting, and payroll on them and don’t worry about any of it.
• We built our top-notch software to maintain the highest levels of protection for your file sharing to guarantee peace of mind.

Maximize the efficiency of your area by getting rid of the clutter and going virtual. You will save money just on the cost of paper and ink alone, which in turn can lead you to reduce overhead costs and maximize your profits. Virtual bookkeeping does not mean downloading and using software on your computer. Sure, you may have some accounting software you have downloaded currently, but how much time are you spending inputting data and worrying that it’s accurate? As a business owner, you might even find yourself rushing at the end of the year to ensure your books are accurate for tax season or audits. Having up-to-date books is crucial because it shows you where your business is financially and what you can do to boost your sales or cut costs.

Would you like your bookkeeping service to prepare your income tax returns?

Both kinds of features combined to account for 60% of our total score. Bookkeeper360 is best for businesses that occasionally need bookkeeping services as well as those that want integrations with third-party tools. Business News Daily gives an excellent, simplified overview of a bookkeeper’s job. “A bookkeeper’s job is to maintain complete records of all money that has come in and gone out of the business.

Search for local or virtual bookkeepers who know how to navigate trusted technology. If you use QuickBooks Online, you can get easy access to QuickBooks-certified experts to help with your books. An accountant may perform all the same tasks as a bookkeeper plus additional advisory responsibilities.

Save Time and Money by Reducing In-House Costs

Some jobs are essential but take up so much of your time that it isn’t in your best interest to do it yourself. For example, a marketing and advertising agency likely handles its own sales, but would work with an outside design firm or freelancers for graphic design needs. Conversely, rather than hiring full-time employees, that same design firm likely contracts an outside marketing agency for their marketing and advertising needs.

You’ll communicate with us remotely, and our online accounting services take care of your finances, providing regular reports along the way. Our team of professional CPAs, tax consultants, and business advisors provides expert support to help you plan, prepare, and save money with customized services. Small business bookkeeping starts with the business, financial, or accounting software you use. If you haven’t yet selected accounting software, consider your budget, the program’s user experience, its features and reporting capabilities, and its scalability as your business grows. In some cases, business owners can hire a bookkeeper instead of an accountant.

How to find a virtual bookkeeper

Far from the dusty paperwork of years gone by, you’ll always be able to access the information you need on the go. We have a few favorites, but we use QuickBooks as our primary financial platform in tandem with tools such virtual bookkeeping services as Bill.com, TSheets, and Gusto to automate your company for greater efficiency. Yes, you can transfer documents electronically and without worry. Mazuma surpasses best security practices to safeguard your privacy.