Bookkeeper360 Review: Features, Pricing & Alternatives 2024

By using this chart, you can assess monthly cash needs based on expected cash inflows and outflows. This revenue source is not present in all months while merchandise licensing is consistent in almost all months. As a business owner, you can use this chart to analyze revenue not just as a whole but in different components. Whether you have a simple tax question, need clarification on a government notice, or seek advice on the tax implications of a business decision, you can contact the firm. Bookkeeper.com manages your accounts using QuickBooks Online or QuickBooks Desktop. You’ll maintain access to your QuickBooks account so that you can monitor the activities performed by Bookkeeper.com on your behalf and access up-to-date financial reports.

User Reviews: Bookkeeper360 Wins

You can schedule monthly phone meetings to review financial reports, and your bookkeeper will also grant you access to their screen so that you’re able to view your books. Meetings with your QuickBooks Live bookkeeper are conducted via one-way video chat, and if you need to share documents, you can use the screen share feature. There’s no set amount of time per month that you can meet with your bookkeeper, but you can only schedule one appointment at a time. During the meetings, you can ask questions about financial reports and request assistance with bookkeeping tasks.

What’s the difference between cash-basis and accrual-basis accounting?

Unfortunately, we were unable to find Bookkeeper.com reviews from users on third-party sites. For more than 25 years, Bookkeeper.com has billed itself as an all-in-one small business solution, covering several aspects of a business in one package. Its team of financial specialists provides a full range of accounting, bookkeeping, consulting, payroll, and business services. It also has QuickBooks ProAdvisors who will manage your books with either QuickBooks Desktop or QuickBooks Online. The service is online and cloud-based, making it convenient for those working remotely.

Best Small Business Accounting Software in 2024

While QuickBooks Online has a mobile app that you can use to access your books, there’s no mobile app that allows you to communicate with Bookkeeper.com. We feel that Bench is the better option because it offers affordable services that are useful for most small businesses, like tax filing and catch-up bookkeeping. However, you’ll want Bookkeeper360 if you’re looking for more customizable services similar to those offered by traditional accounting firms. We chose Bench as the winner in this category because it offers unlimited support and access to community support, two features that Bookkeeper360 lacks. You can book a phone or Zoom call with your Bench bookkeeper or communicate via in-app message directly through the Bench app. They can assist you with monthly calls or a tax season review and welcome calls whenever you have a question.

• There’s no set amount of time per month that you can meet with your bookkeeper, but you can only schedule one appointment at a time.
• Bookkeeper.com offers three subscription plans, which range in price from $399 to $799 per month, depending on the number of monthly transactions and frequency of service.
• Bookkeeper.com’s prices range from $399 to $799 monthly, and they are based on the frequency of service and the number of monthly transactions.
• After establishing a connection between the Bookkeeper360 app and your QuickBooks or Xero account, you can view your financial information in a very user-friendly format that’s easy to analyze.
• We feel this is mainly because of the quality of its customer service, which has been described as both responsive and knowledgeable.

She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. Under cash-basis accounting, revenues and expenses are recorded when cash is paid or received. Meanwhile, accrual accounting records revenue and expenses when earned or incurred.

• Both Bench and Bookkeeper360 received mostly positive user reviews, but Bookkeeper360’s average score is higher.
• Bench is a worthy alternative to Bookkeeper360 if you’re looking for a tech-savvy provider that focuses largely on bookkeeping.
• One stellar feature that Bookkeeper.com offers is free financial advice and software training with all of its service plans.
• It is for these reasons that we selected Bookkeeper360 as the winner of this category.
• Our 100% US-based team utilizes technology to manage your accounting with a personalized touch.

The first-month cost used to be $500, but QuickBooks Live no longer discloses the price. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. You can also change https://www.bookstime.com/ 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.

It offers easy expense tracking, time tracking, and customizable invoicing features. Bookkeeper.com is a good fit for small businesses that want a full-service accounting firm and QuickBooks users looking for an affordable alternative to QuickBooks Live. It is also ideal for business owners who want to outsource their bookkeeping but still have access to their books. After this, you’ll connect Bookkeeper360 to your accounting system — either QuickBooks or Xero — and you’ll be able to work collaboratively online with your bookkeeper to manage your business finances.

• This serves as the foundation for all content, demonstrating a clear dedication to providing valuable and reliable information.
• Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services.
• Bench has fewer integrations than Bookkeeper360, which gives its users access to Marketplace.
• They’ll also assist you with connecting Bookkeeper360 to your accounting system—either QuickBooks or Xero.
• We gave the win to Bookkeeper360 because while QuickBooks Live’s services are monthly, Bookkeeper360 offers plans with varied levels of support that range from as-needed to weekly and monthly.

Does Bookkeeper360 support accrual-based accounting?

You can interpret this chart in many different ways, and it can aid you in decision-making. QuickBooks Live and Bookkeeper360 both integrate with QuickBooks Online, which then gives them access to the QuickBooks App Store, which provides hundreds of useful integrations. If you choose to integrate Bookkeeper360 with Xero instead of QuickBooks, you’ll have access to Xero integrations, which are far fewer than QuickBooks. 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. The blue line represents current year data, while the gray line represents previous year’s data.

• These include hands-on bookkeeping, tax services, CFO advisory support, and payroll/HR management.
• Bookkeeper360 allows you to choose from its established plans or get a customized quote based on your company’s needs and whether you require add-ons like payroll or tax filing.
• The ultimate cost of your bundle depends on your level of expenses, whether you require accrual versus cash accounting, and whether you want monthly, weekly, or pay-as-you-go service.
• With its cloud-based system, you can access your financial data from anywhere and at any time.
• It is also ideal for business owners who want to outsource their bookkeeping but still have access to their books.

If you’re using Xero or QuickBooks, both the desktop and mobile apps will connect to your account and provide information like scorecards and metrics. Using the app, you can keep track of business performance by looking at dashboards and auto-generated reports. If you’re bookkeeper360 reviews unsure whether Bookkeeper360 is the right assisted bookkeeping service for you, check out our guide on the best online bookkeeping services for more choices. FreshBooks is a cloud-based invoicing and accounting software designed for freelancers and small businesses.