Because both providers offer useful features and are easy to use, we called this category a tie. Bookkeeper360 is an accounting software that simplifies and streamlines your bookkeeping processes. You can use it to manage your finances remotely and get access to premium features like virtual CFO for expert advice. While one of the priciest bookkeeping services on our list, retained earnings Bookkeeper360 should not disappoint. In fact, its premium price is what’s kept it from the top spot on our list.
- However, you can also work with the Bookkeeper360 team to build a custom package.
- If handling your business taxes sounds like a nightmare, you’ll be relieved to know that you can outsource that to a reliable expert.
- With QuickBooks Online’s or Xero’s mobile app, you can view real-time cash flow updates, access reports and view accounts, and check spending categories.
- Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service.
- By using this chart, you can assess monthly cash needs based on expected cash inflows and outflows.
- As a business owner, you can use this chart to analyze revenue not just as a whole but in different components.
Pricing & Plans
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. Aside from bookkeeping services, Bookkeeper360 offers a web-based app that summarizes your data from QuickBooks or Xero and transforms it into visually appealing charts and graphs. You can keep track of your business performance directly from the app after integrating it with your QuickBooks Online or Xero account. The three subscription plans for core bookkeeping services are listed below.
- Although these are both great accounting solutions used by numerous business owners, this is a problem if you use another system.
- These Bookkeeper360 services can integrate with Xero and QuickBooks, are free to set up and include next-day funding.
- When you log onto Bookkeeper360’s dashboard or the Xero app, you can access the balance sheet and other financial reports.
- In the example above, the cash burn rate is 13 months, assuming the average monthly cash outflow remains the same.
- You can also change it per quarter and present it as trailing 12 months, trailing 24 months, or previous calendar years.
Bookkeeper360 Bookkeeping Services
Under cash-basis accounting, revenues and expenses are recorded when cash is paid or received. Meanwhile, accrual bookkeeper360 reviews accounting records revenue and expenses when earned or incurred. Learn more in our cash- vs accrual-basis accounting method comparison, which also covers when to use each. If you want a more detailed view of business performance, you can switch to the Metrics view to year-over-year data for revenue and common size amounts for gross profit, net income, and payroll.
General Ledger and Chart Accounts
The customer support, just like the overall team, is very knowledgeable and helpful. You can contact its customer service via phone, by sending them an email. You can also chat with a customer representative through the live chat on its website. Currently, this solution offers a handful of helpful integration options. As mentioned before, you can integrate it with QuickBooks and Xero for effective and accurate financial management. Bookkeeper360 HR support can be just the thing if you have new employees and need help handling their salaries, medical insurance, and other paperwork.
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The Bookkeeper360 app can also provide cash management insights using illustrative charts. 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 Bookstime your net 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. Bookkeeper360 also integrates with other payroll providers like Gusto and ADP. If you decide to get this service, it should take less than two weeks to set up.
The Fit Small Business editorial policy is rooted in the company’s mission, which is to deliver the best answers to people’s questions. 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. We believe everyone should be able to make financial decisions with confidence. That means you’ll spend less time acting as a go-between and have more time to focus on growing your business.
- Whichever solution you choose to outsource the tedious tasks behind running a business, you can rest assured that they will be safe and sound in the hands of experienced professionals.
- In addition to its core bookkeeping and accounting services, Bookkeeper360 offers six other solution types, from taxes to human resources.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- Its users praise its customer service and bookkeeping team, as both are willing to go the extra mile to ensure their customers are satisfied with the services provided.
- Ultimately, this feature is crucial to your business bookkeeping processes because it helps lower errors and boost customer satisfaction and cash flow.
- Bookkeeper360 is ideal for any remote business with simple to complex financial needs.
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. You can create a task for your bookkeeper, set a due date, and wait for them to get back to you. This feature is available because the communication happens within the Bookkeeper360 interface.