What is Online Bookkeeping Services?

Bookkeeping is the act of keeping financial records and preparing financial statements such as income statements and balance sheets. A bookkeeper is responsible for ensuring that employees file invoices and expense correctly, and handle payroll.

2 Best Online Bookkeeping Services in 2022

Virtual bookkeeping services can be a time-saver and help you keep your books accurate. You can also get add-on services such as tax filing and payroll. There's likely to be a service that suits your needs, whether you need a full-service virtual accounting company or basic online bookkeeping with no software.

QuickBooks Live: Overall Best Online Bookkeeping Service

QuickBooks Live is an online bookkeeping service offered by QuickBooks Online. We ranked it as the best small business accounting software. This service matches you with a dedicated accountant who will work with you virtually to ensure your books are accurate. Additional assurance is provided by the 100% Accurate books guarantee. For novice QuickBooks users, you can choose to receive training on daily bookkeeping tasks.

QuickBooks Live Features

QuickBooks Live offers many features to help with bookkeeping. Your bookkeeper will help you set up your account, update your books, and ensure that your financial information is up to date.

  • A dedicated bookkeeper: After enrollment, you will be assigned a bookkeeper -- a QuickBooks ProAdvisor with a minimum of 15 years of experience.
  • Access in real-time: Your designated bookkeeper will access your QuickBooks Online account directly. This will ensure that your books are up-to-date and will allow you to see the data in real-time.
  • Customized setup: Your bookkeeper can help you customize your setup based on your requirements. This includes your chart, customer and vendor lists, as well as connecting your bank or credit card accounts.
  • Add-on to Payroll: For an additional fee, QuickBooks Online provides full-service payroll integration with its software. Your QuickBooks Live ProAdvisor can't help you run payroll for your employees.
  • Bookkeeper.com: The Best Virtual Bookkeeping Service For Businesses Looking for a Full-Service Accounting Firm
  • Bookkeeper.com can be accessed online via the cloud and offers a variety of additional services, such as bill pay, tax return preparation, and payroll. Tax advise, business, financial planning, and tax advice are all available for no additional cost. Bookkeeper.com provides more services for QuickBooks Online users than QuickBooks Live. You'll be assigned a dedicated bookkeeper and account manager upon enrollment. Although it doesn't have a mobile app, QuickBooks Online allows you to access your books through the app. This app is ideal for businesses looking to outsource bookkeeping to a full-service accounting company.

Bookkeeper.com Features

Bookkeeper.com is a virtual bookkeeping service that offers full service. However, it also has other unique features. The following are some of these:

  • A dedicated bookkeeper and an account manager: You'll be assigned an account manager who will help you with onboarding and any other issues.
  • Monthly financial reports: Each month, your bookkeeper will present a balance sheet and profit and loss (P&L), statement of cash flows, and general ledger report (GL).
  • Free business advice: Your monthly fee includes a range of free advice including software training, general business consulting, tax planning, and strategic planning.
  • Software Setup: The monthly fee includes your accounting software setup.
  • Tax preparation and payroll add-ons: You can choose to pay an additional fee for either payroll or tax preparation services. Bookkeeper.com has a team of certified public accountants and enrolled agents that can help you strategize and plan.


Our Expert Opinion

Bookkeeper.com offers a great alternative for businesses looking for traditional accounting services. Monthly financial reports will be sent to you and your bank and credit card accounts. Access to bill pay and payroll services will also be available. Bookkeeper.com can assist you with your tax returns. This includes individual, business, and gift returns. The monthly fee includes various types of advice, such as strategic planning.

Read More:  VIRTUAL BOOKKEEPING: EVERYTHING YOU NEED TO KNOW

Conclusion

Bookkeeper.com can be compared to other online bookkeeping services in our articles QuickBooks Live vs Bookkeeper.com and Bench vs Bookkeeper.com.

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