The higher your plan, the more reports you’ll get – but the Starter plan includes basics like Profit and Loss. Plus, your bookkeeper will review your information for accuracy, asking questions about categorization and recategorizing as necessary for clean reports. It’s worth noting that QuickBooks Live isn’t available for all QuickBooks Online plans.

You’re our first priority.Every time.

1. In this review of QuickBooks Live, I’ve followed SMB Guide’s detailed criteria for evaluating the bookkeeping service.
2. Sometimes you enter data in fields, such as Customer Addresses and Phone Numbers.
3. Bench Accounting is an online bookkeeping service that offers a comprehensive financial management solution for small businesses and freelancers.
4. You may struggle to contact someone depending on your time zone or business hours.
5. In fact, if you don’t do this and enter transactions manually, you’ll be duplicating your efforts.

You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. The first month of service with QuickBooks Live is dedicated to onboarding and cleaning your books. The service’s biggest drawback is its limited services and lack of access to financial advice.

Expert Assisted Bookkeeping

QuickBooks is one of the best names in the accounting software industry because it is known for its flexibility to adapt to businesses of all sizes across multiple industries. With QuickBooks Live Expert Full-Service Bookkeeping, a dedicated bookkeeper will get to know your business, bring your past books up to date, and do your book for you, start to finish. Most users meet virtually with their bookkeeper once or twice per month. There’s no set amount of time each month that you can spend with your bookkeeper, but you can only schedule one appointment at a time. You can also chat live with a member of your bookkeeper’s extended team at any time. While QuickBooks Online does have its own free mobile app—which allows you to enter transactions, record expenses, invoice customers, and send reports—the app cannot access QuickBooks Live features.

QuickBooks Live provides you with live one-on-one support from QuickBooks-certified bookkeepers who will ensure organized, up-to-date financials. These bookkeepers understand your industry and will collaborate with you to streamline your bookkeeping process. We evaluated whether the online bookkeeping service offered tax and consulting, and the scope of those services. After the first month, Full-Service Bookkeeping is available in three different pricing tiers, depending on your company’s average monthly expenses over three consecutive months. When you sign up for QuickBooks Live Bookkeeping, you are connected with a QuickBooks ProAdvisor, which is a bookkeeper certified by QuickBooks. You can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping.

How much does online bookkeeping cost?

For example, you don’t have to worry about importing your bank statements, since they’re brought in automatically. Everything in what does it mean when a company has a high fixed your accounts gets touched by your bookkeepers, so nothing falls through the cracks—as long as you’re keeping up with your transactions. There are dozens of reports in QuickBooks Online Plus that you can easily create yourself. For example, you should be running aging reports so you can see which customers are past due on payments. But there are some more complex reports, like Balance Sheet and Statement of Cash Flows, that QuickBooks Online Plus can generate, but which you might have a hard time understanding.

You must have a Small Business Online Plan to use this additional service. If your business earns between $10,001 and $50,000 a month, you’ll pay $300 a month, and if your business operating revenue earns more than $50,001 a month, you’ll pay $400 a month. QuickBooks Live Bookkeeping is an additional service charge in addition to your current subscription rate.

Bench Accounting is an online bookkeeping service that offers a comprehensive financial management solution for small businesses and freelancers. Founded in 2012, Bench has quickly grown into one of the largest bookkeeping services for small businesses in the United States. Unlike traditional bookkeeping services or software-only solutions, Bench combines easy-to-use software with a dedicated profit and loss statement team to provide a more holistic approach to financial management. Use the QuickBooks Live Bookkeeping service to make sure your books are up-to-date, accurate, and ready for tax time. With QuickBooks Live Bookkeeping, you have access to a dedicated QuickBooks-certified bookkeeper who works with you to understand your business and supports you along with their team. They categorize transactions, reconcile accounts, and are available to meet with you to go over updated reports or answer any questions you have.

They categorize expenses, reconcile accounts and close your books for you as needed. You may know what it’s like to try and correct accounting discrepancies. Subscribing to QuickBooks Live would be a good way to avoid that nightmare. At the end of each month, your bookkeepers review and close your books. QuickBooks Online Plus has this capability built in, but it’s not required, so many businesses don’t do it.

QuickBooks Live Bookkeeping is a subscription service that gives a business a certified bookkeeper to help manage the company books. There is a $500 cleanup fee to get started, which pays to get your books up to date, and then you pay $200 to $400 per month for the service. QuickBooks Live Bookkeeping is real-time, live bookkeeping support from a QuickBooks-certified bookkeeper (also known as a QuickBooks ProAdvisor).