Best Virtual Bookkeeping Services for 2022

This crucial task can be outsourced to virtual bookkeeping services at extremely affordable rates. Our research has shown that virtual bookkeeping services can actually save businesses over 83% when compared to hiring an internal bookkeeper.

Virtual services combine the automation and guidance of professional bookkeepers with accounting software. Virtual bookkeeping services ensure that your business has accurate records so you can make financial decisions.

Bookkeeper360

Bookkeeper360 provides a complete-service accounting platform for business owners. The pricing depends on the monthly expenses of your business and whether accrual or cash accounting is used.


The Bookkeeper360 platform can be customized with many add-ons and can handle most back office tasks. Bookkeeper360 is the only provider that offers Payroll and HR services. Other providers might offer this service but outsource it to another company.


Bookkeeper360 Features

  • You have the option to choose between QuickBooks and Xero software.
  • Bookkeeper360 is compatible with Shopify and Expensify making it a great option for businesses selling products or services online.
  • This service performs monthly reconciliations of bank statements.
  • An add-on service could include a HR department.
  • Contact customer service via email, phone, or online chat.
  • All employees are based in the USA.




FinancePal

FinancePal provides a range of fully customizable options for small businesses, such as transaction recording, income statement preparation and balance sheet preparation.

FinancePal offers dedicated bookkeepers, CPAs and tax specialists to help your business.

FinancePal also offers many services. FinancePal adjusts the pricing to its clients based on the number of transactions performed each month and the industry served. No two plans are alike.


FinancePal Features

  • Team based in the USA
  • Recommendations
  • Projections for business
  • Access to transaction recording
  • Preparation of income and balance sheets
  • Tax services for small businesses
  • Payroll solutions
  • Mobile app integrated
  • Data storage centralized
Bench

Bench offers a low-cost, high-quality solution for bookkeeping. They also offer accounting services. Bench now offers year-end filing and licensed tax professionals as part of their Premium Plan.


Bench Features

  • Bench makes use of a proprietary software program that is easy to use even for those with limited tech skills.
  • There are no significant price differences between plans, so upgrading is not difficult.
  • You can monitor your accounts and receive real-time cash flow reports from the mobile app while you're on the move.
  • Accrual accounting can be requested for an additional fee.
  • Because Bench users already have their financial information stored in the software, the flat-rate tax service can be a convenient addition.
  • Historical bookkeeping service that allows you to organize past months of bookkeeping.

Streamline Bookkeeping

Streamline Bookkeeping provides virtual bookkeeping services that specialize in small businesses and professional services firms. Clients typically have between 1-20 employees. They include lawyers, chiropractors and web designers as well as consultants, real estate investors and non-profits.


Streamline Bookkeeping Features

Streamline Bookkeeping is managed by an experienced CPA who can help you increase your profitability through informed financial decisions.

  • Service personal
  • Monthly reconciliation
  • Transaction coding and categorization
  • W-9
  • 1099 Filing

Final thoughts on Virtual Bookkeeping Services

You can make your own bookkeeping software. However, if you don't have a good grasp of finances, it won't be very profitable. It could also take up a lot of time.

A virtual bookkeeping service can help you avoid major headaches when it comes to tax season if you have trouble keeping up with your books. You can make informed financial decisions that will benefit your company by understanding your financial situation.

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