Virtual Bookkeeping: How to Hire the Best Bookkeeper Online Bench Accounting

From there, you can add comprehensive accounting, payroll, and tax services as needed. Bookkeeper.com manages your accounts using QuickBooks Online (or QuickBooks Desktop, if you prefer). Plus, not every online bookkeeping service works with both accrual-basis and cash-basis accounting—but Bookkeeper.com does.

1. Virtual bookkeeping and accounting services can take bookkeeping tasks off your hands for good.
2. With Live Expert Full-Service Bookkeeping we pair you with a dedicated bookkeeper who will bring your books up to date and then manage your monthly books for you, so you can focus on your business.
3. And the more complex your business’s financials, the more likely you’ll want to bring on a dedicated bookkeeping service.

Don’t lead them by asking if they send out reports on a schedule. Simply ask them what the deliverables will be each week or month. The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners. The cost of virtual bookkeeping services varies based on the needs of the business and experience of the bookkeeper, but the general range is from $20 to $40/hour.

If you’re ready to have bookkeeping taken off your hands for good, give Bench a try. You can also message your bookkeeper directly if you have any questions or need to upload any documents. Millennial Money Man may have financial relationships with the merchants and companies mentioned or seen on this site.

For bigger businesses, the price increases as more hours of work are required. Your bookkeeper has a portfolio of clients they’re working for, but they’re always available for questions or conversations about your finances. Their flexible schedule gives you the communication of a full-time bookkeeper but on a part-time budget.

How to Set up Your Virtual Accounting Firm

No matter how they’re provided, the key to bookkeeping services is providing the information that’s needed to keep the company’s finances up to date. Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place.

Get your books done right

It also starts at $190 a month, which is less than nearly every other provider on our list. Expert Assisted is a monthly subscription service that requires a QBO subscription and provides expert help to answer your questions related to the books that you maintain full ownership and control. An expert can guide you through QBO setup and answer questions based on the information you provide; some bookkeeping services may not be included and determined by the expert.

Bookkeeper360: Best for hourly bookkeeping

It can be difficult to trust a virtual service with your books, and even harder to know which service to choose. To help ease the process, I’ll show you how I run my virtual bookkeeping service and explain what to look for in these services, so you can make the best decision possible. For many, remote work has become the new norm, whether that’s working from home for an employer, or as a service business owner. According to a recent PWC study, financial services firms (including accounting services) saw a major shift in work-from-home with COVID-19. Small businesses often schedule video appointments once or twice per month to discuss questions and to review results. You’re limited to one scheduled appointment at a time and appointments have to work within your bookkeeper’s schedule.

Will you require catch-up bookkeeping services?

It might (and it should) cost more than their basic level, but the option should be there. Ask your prospective virtual bookkeeping service if they have experience in your industry, and if so, how many clients they have in your industry. You may even ask for a few customer testimonials to be sure that the service is a good fit. This is the “ecosystem” that I use to run employee turnover my virtual bookkeeping service.