Choosing the right virtual bookkeeping solution for your business will help you maximize your tax deductions and run your business effectively, creating an excellent return on your investment. For companies already using QuickBooks, QuickBooks Live provides a cost-effective way to lessen your bookkeeping workload and improve the quality of your books. However, we declare Bench as the overall winner in our comparison of QuickBooks Live vs Bench because of the additional services Bench offers and its superior pricing. Both providers offer unlimited phone support with all plans and have strong customer support features. They also have many online help resources, but QuickBooks Live has the edge with live chat support and the ability to communicate with your bookkeeper via one-way video chat. We believe that QuickBooks Live has better pricing as its starting price is half that of Bookkeeper.com.
- I like the automation and how you can access everything anywhere and anytime.
- QuickBooks Live Bookkeeping provides you access to QuickBooks ProAdvisors, who will manage your books on a monthly basis after an initial clean-up.
- These reports provide a broader overview of your company’s financial status.
- To answer that question, you first need to decide what exactly you need your system to accomplish.
- Our team leverages its expertise and extensive research capabilities to identify and address the specific questions our audience has—and this ensures that our content is rooted in knowledge and accuracy.
If you’re currently using QuickBooks Online Accountant, you can utilize the Undo reconciliation feature to unreconcile previous transactions without manually editing individual transactions from within the register. I’d be happy to help https://accounting-services.net/quickbooks-online-accounting-software-review/ you unreconcile your past bank reconciliations so they don’t throw off your records, akrill. When we compare QuickBooks Live and Bookkeeper360 for ease of use, we find both are very user-friendly and have an intuitive user interface.
What qualifications do QuickBooks Live bookkeepers have?
Whether you decide to manage your bookkeeping on your own or work with a professional, you’ll have no trouble accessing online resources for QuickBooks Online. The company offers video tutorials, webinars and training classes, as well as community forums, support topics and other resources on its website. You have the option of contacting QuickBooks customer support directly for any help you may need too. Using the Banking tab on the left side of the dashboard, you can connect your bank and credit card accounts so that QuickBooks automatically imports transactions and categorizes them for you.
- Next, you can customize invoices, set up automatic sales tax tracking (if necessary) and learn how to enter mobile receipts and bills.
- Both providers have a similar approach to the pricing of their basic bookkeeping services—QuickBooks Live and Pilot offer three subscription levels that vary in price based on the monthly expense cap.
- The Fit Small Business editorial policy is rooted in the company’s mission, which is to deliver the best answers to people’s questions.
- Your bookkeepers will work to ensure that your QuickBooks Plus data is accurate, up-to-date, and ready for tax time.
- Certainly, if you’re planning to get a loan or take on investors or make other major business changes sometime in the future, you need a pristine accounting file.
For cash-based businesses, monthly prices start at $399 for monthly service and $549 for weekly service. For accrual-based businesses, monthly prices start at $549 for monthly service and $749 for weekly service. You can also opt for the pay-as-you-go service, which starts at $49 a month plus $125 per hour for support. With QuickBooks Live, you can meet with your bookkeeper via one-way video chat, so you can see them but they can’t see you. Whether you are a new user or have an established account, QuickBooks Live will assist you with cleanup and setup and provide monthly reports as well, with the ability to discuss the reports if you have questions. However, a QuickBooks Live bookkeeper’s involvement is minimal while a Bookkeeper.com bookkeeper can perform transactions on your behalf within the software itself.
Quicken Review 2024: Features, Pricing, Pros & Cons
Our detailed QuickBooks Live Bookkeeping review and evaluation aims to help you determine if this is the service that’s best for your business. QuickBooks Live Bookkeeping can be more cost-effective than hiring an in-house bookkeeper or outsourcing your bookkeeping to an accounting or bookkeeping firm. There are no long-term contracts, so you can switch or cancel your service at any time without incurring fees. And, QuickBooks Live Bookkeeping comes with an “Accurate Books Guarantee” to cover any errors made by your Live Bookkeeper (some exceptions apply).
Alternatives to QuickBooks Live Bookkeeping
You can check on your bookkeepers’ progress there and see their schedules to make an appointment for a video chat. QuickBooks Online Plus has two other features that extend its usefulness to small business. Android and iOS apps make it possible to do some of your work remotely—and we’re all working from home much more these days! And, if the site doesn’t provide enough tools in a particular area, there’s probably an integrated add-on that can expand on the site’s own abilities. An exceptional user experience helps you understand how to quickly find what you’re looking for.
You can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping. Ongoing communication is available at any time via document sharing and live chat, either with your bookkeeper or a member of your bookkeeper’s team. Although QuickBooks Live Bookkeeping offers “full-service” bookkeeping, some tasks often fall to in-house or outsourced bookkeepers that aren’t included in the service.
Related Bookkeeping Reviews
Some companies on our list specialize in startups, with strategic cash-burn analysis, Series A-C funding guidance, and tax strategies to boot. Other companies offer attractive budget bookkeeping support, but little in the way of CFO guidance, while yet others cater to businesses that utilize a wide-variety of payment and payroll software integrations. Competitors can offer plans with lower monthly fees and similar features. For example, Xero ranges from $13 to $70 per month and includes unlimited users and basic inventory management in all plans. Similarly, FreshBooks ranges from $17 to $55 per month, with time tracking in all plans. QuickBooks Online Simple Start costs $30 per month, includes only one account user (plus access for two accountants) and does not offer billable hours tracking, bill pay or inventory management.
After the first month, the ongoing live service is available in three different pricing tiers, depending on your company’s average monthly expenses over a period of three consecutive months. 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. The prices for both QuickBooks Live and Bookkeeper360 depend on the number of monthly expenses, but Bookkeeper360 also charges differently for cash and accrual accounting methods.
Pilot Bookkeeping Pricing
This includes filing of both individual and business tax returns, and unlimited year-round tax advisory services. Best of all, this is included in its Premium bookkeeping plan at just $499 a month. QuickBooks Live received mainly positive reviews from users, who praised the customer support team and the service’s affordability.
Unlike other similarly priced services on our list, QuickBooks Live doesn’t actively try to scam you. In short, if budget is first and foremost for you, then we think QuickBooks Live should be one of your top picks, as long as you’re prepared for the potential headaches it may bring. Being web based, it is so much easier to stay updated on my business from anywhere.