Our solution manages real-time accounting, back-office, payroll, and tax compliance and provides financial insights for business owners to make data-driven decisions. The two additional Bookkeeper360 plans, “Monthly” and “Weekly” will offer more hands-on support. Bookkeeper has three standard plans, all billed monthly, and the option for custom pricing based on your needs. Bookkeeper360 is working on its own application, 360app, that will allow you to manage all of your Bookkeeper360 services, from accounting to financial planning, in one place. This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages. Bookkeeper360 offers a range of support options for businesses in conjunction with its core bookkeeping services.

Does Bookkeeper360 support accrual-based accounting?

• If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you.
• Online bookkeeping companies will often specialize in services for a particular type of company.
• This plan will also include cash and accrual basis accounting and reporting, as well as invoice and expense management, technology consulting, monthly financial reviews and weekly catchup calls.

The three subscription plans for core bookkeeping services are listed below. Any services beyond bookkeeping—such as payroll, HR, taxes, or keeping your books up-to-date—are available at an additional cost. For $19.99 a month, you can also opt to use the Bookkeeper360 App (available for QuickBooks and Xero users) without subscribing to the bookkeeping service. Bookkeeper360 offers its virtual bookkeeping services in three different pricing plans, based on the frequency of assistance you need. Online bookkeeping services typically range from around $200 per month to well over $500 per month if you opt for more frequent reports or back-office add-ons.

What’s the Best Online Bookkeeping Service on the Market?

The charts will show your cash inflows and outflows for the past 12 months, past 24 months, last calendar year, last two calendar years, and last three calendar years. It also shows cash insights by computing your net bookkeeper360 review cash after deducting credit card liabilities. The payroll team will process payroll for both employees and contractors and provide full-service support with health benefits, direct deposit setup, W-2s, and 1099s.

Accounting system requirements

Bookkeeper360 is an online bookkeeping service designed to help small and medium-sized businesses with their bookkeeping and accounting. When you sign up for Bookkeeper360, you receive a dedicated account manager, who will work with you to create a service strategy that meets your needs. 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. Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service. If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you.

Payroll and Tax Management

It allows business owners to create business and financial plans, conduct cost and margin analysis, generate income statements, and calculate sales taxes. With over 10 years in the business, Bookkeeper360 is a tech-based bookkeeping solution for small businesses . While they charge extra for CFO advisory, tax preparations, payroll and HR services, and back-office logistics, they offer a premium product for the price. Consistent stellar reviews across a decade in operation earn Bookkeeper360 a top spot on our list. They’re not the top, though, as their high price is a premium many may not be willing to pay. When comparing services, ensure you’re pricing out all the features you need, including add-on services like tax prep, payroll and HR.

This allows business owners and their accountants to stay up-to-date on their finances and make informed decisions on the go. If you’re looking for an online bookkeeping service that can help you with the entirety of your business financial operations, Bookkeeper360 can do just that. In addition to its core bookkeeping and accounting services, Bookkeeper360 offers six other solution types, from taxes to human resources. Plus, with Bookkeeper360’s custom plans, you can pick and choose which services you want and receive a solution that will truly accommodate your specific business. The best bookkeeping services handle your target tasks without breaking your business’s budget, integrate with your accounting software and offer a dedicated line of communication with a live bookkeeper.

Integrating Bookkeeper360 with your accounts lets you see all the processes like cash flow and transactions. In addition, you can set up your chart accounts through the guidance of accountants to ensure you categorize them well. Bookkeeper360 is ideal for any remote business with simple to complex financial needs. In addition, SMEs are looking to scale their revenue streams and operations. It can update your books even if they’re way behind, but you have to tell your dedicated bookkeeper during the first meeting so that they know where to start. You can also reach out to your dedicated adviser through the “Tasks” section, which eliminates the need to email your bookkeeper if you have questions.

Our team volunteers at quarterly graduations, dog walks and events throughout the year in support of Canine Companions for Independence mission. In 2018 our CEO, Nick joined Canine Companions for Independence as a board member of the Northeast Region and, in 2020, was elected as the board president. Canine Companions provide expert-trained assistance dogs to children, adults, and veterans with disabilities at no cost to them. Customize plans to include other services like accounts receivable processing, inventory reconciliation and payroll support. The original Bookkeeper360 mobile application is a cost-effective and convenient approach for small businesses. It guarantees quick and easy navigation through the company’s finances.