With a fully US-based workforce, we leverage technology to streamline your accounting while ensuring a personal connection. Our mission is to empower you to focus on what you do best while we handle the complexities of accounting. Bookkeeper360 is an accounting solution designed to help businesses view financial data, streamline bookkeeping operations, and track goals on a unified platform. It allows business owners to create business and financial plans, conduct cost and margin analysis, generate income statements, and calculate sales taxes. Best of all, Bookkeeper360 integrates directly with your favorite payroll solutions like Gusto and ADP. Although Bench does not provide tax services, it can work directly with your CPA during tax time or connect you to a tax professional in its network.
It helps you bookkeeper360 review to get bank feed on any transaction importing, reconciliation, and more. Bookkeeping360 also allows you to create groupings or categories and subcategories that display your business income, equity, and liabilities. The goal is to help you understand if Bookkeeper360 is the ideal platform for your business needs. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot. Deciding on the right business phone system for your company can take a lot of research.
HR and Payroll Services
Like with its virtual bookkeeping services, the CFO Advisory support Bookkeeper360 offers is available in three different plans, as well as on a custom-package basis. On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR. Bookkeeper360 offers its virtual bookkeeping services in three different pricing plans, based on the frequency of assistance you need. Moreover, with each of these service types, you’ll receive U.S.-based support and a platform with which to communicate with the Bookkeeper360 team, making its service not only expansive but accessible.
The blue line represents current year data, while the gray line represents previous year’s data. You can use this year-over-year comparison to spot seasonality in revenues and expenses. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. 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.
Should I expect tax services with my bookkeeping?
If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you. The dedicated bookkeeper will meet you monthly to fix your books and generate monthly reports. With this company’s back-office solution, the price starts at $99 per month.
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 can only work with Xero or QuickBooks for accounting software systems. Although these are both great accounting solutions used by numerous business owners, this is a problem if you use another system.
- If you are looking for an alternative bookkeeping option, you should consider Bench, another online bookkeeping services provider.
- The three CFO Advisory plans are called “Advisory,” “Coaching” and “Inventory.” The Advisory plan includes services such as KPI reporting, profitability improvements and basic operational processes.
- Another standout feature of Bookkeeper360 is it integrates with over 5000 financial institutions.
- That includes determining the frequency of the service and deciding whether you require services in addition to bookkeeping, such as payroll and HR or tax filing.
Bench plans start at $299/month and are ideal for remote businesses that need basic bookkeeping. It is one of the best alternatives to Bookkeeper360 because it focuses on bookkeeping. Bench accounting pairs you with a dedicated bookkeeper who will categorize and help you reconcile your accounts. It offers accounting capabilities with excellent features at a reasonable price. In addition, the platform needs to provide various support channels and resources.
Businesses
The purpose of bookkeeping is to maintain a systematic record of financial activities and transactions chronologically. The purpose of accounting is to report the financial strength and obtain the results of the operating activity of a business. The customer support, just like the overall team, is very knowledgeable and helpful. You can also chat with a customer representative through the live chat on its website. In 2016, it partnered with Canine Companions for Independence (CCI), whose mission is to provide expertly trained assistance dogs to those who need them. The company’s team participates in CCI events each year to support its mission.
In remote businesses, payroll and tax management are complex and time-consuming tasks. It means you must schedule on-time employee payments, calculate taxes correctly and ensure every financial transaction is in line with the law. That’s where Better Bookkeepers steps in, offering expert bookkeeping services tailored to each client’s needs. However, most scores are high, and Bookkeeper360’s team of accounting professionals was praised for its knowledge and quick responses.
Bookkeeper360 took a small hit in our rubric due to the inability of filing sales tax returns, and I recommend looking into Xendoo if that is necessary for your business (read our review of Xendoo). However, Bookkeeper360 offers tax services that include individual or business income tax filings, local tax filings, 1099 reporting, and overall tax planning and compliance. Included in the tax services is tax advisory, where you can consult your dedicated tax advisor for tax-related matters. Unlike Bookkeeper360, however, Bookkeeper.com only works with businesses that use QuickBooks.
Plans & Packages
Then, you’ll connect Bookkeeper360 to your accounting system—either QuickBooks or Xero—and work online collaboratively with your bookkeeper to manage your finances. We make taxes unbelievably simple and transparent so you have no surprises. We have trusted CPAs and Tax Experts on our team to ensure you are getting the maximum refund when filing your taxes. From business, to personal, to R&D tax credits, to issuing 1099s, Bookkeeper360 can handle all of your tax needs. Bookkeeper360 is considered a trailblazer in the industry and has been published in Forbes, Accounting Today, Business Insider, CPA Practice Advisor, and many other editorial outlets. Despite these significant benefits of Bookkeeper360, there are also downsides to this online bookkeeping service worth considering.
- The platform also offers excellent collaboration features where you can access data on the go.
- Bookkeeper360 offers a range of support options for businesses in conjunction with its core bookkeeping services.
- Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems.
- Our partners cannot pay us to guarantee favorable reviews of their products or services.
- They will quickly learn all about your business and start crunching the numbers.
- Verify purchase order transactions so you can see what encumbrances materialized into actual paid expenses.
The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing. We evaluated Bookkeeper360 based on bookkeeping services, personal bookkeeper, user reviews, tax and consulting services, and pricing. Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service.
Bookkeeper360 offers excellent customer support and provides various contact channels like phone and email. This integration and compatibility with various platforms make the software efficient for any accounting processes for a business. Another standout aspect is on the dashboard, where you can see the overview of your financial progress, like cash flow, P&L, and more.
BK360 is the Comcast of Accounting
Bench is a worthy alternative to Bookkeeper360 if you’re looking for a tech-savvy provider that focuses largely on bookkeeping. Unlike Bookkeeper360 and Bookkeeper.com, Bench offers the same service regardless of your plan, the price only changes based on the amount of your monthly expenses. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. Customized accounting, technology, and advisory services designed specifically for your needs.
With Bookkeeper.com, you can choose from two pricing plans, based on the number of transactions you make per month. 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.
Our team-based approach ensures that you get the knowledge and expertise you need on your accounting team. 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.
Although it can be beneficial to have a service and cost that’s designed specifically for your business, it can be preferable for business service providers to have clear and established pricing. If you can look at a provider’s website and know exactly what to expect in terms of both pricing and service, it’s much easier to compare providers against one another. The company’s accounting team of certified experts is also available through the app. What’s more, you can add multiple companies to a single account, or set up unlimited users and their permissions. Lastly, the app is synced hourly, so you’ll always have the freshest data available.