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. Along with offering the typical outsourced bookkeeping services, AccountingDepartment.com provides outsourced controller services. With this service, their CPAs manage bookkeeping while also budgeting, forecasting, doing job costing, managing cash flow, tracking inventory, and performing other financial management tasks on your behalf. With Bookkeeper360, you’ll get a dedicated virtual accountant who sends detailed reports on a monthly basis.

Bookkeeper360 stands out among some of its competitors by offering bookkeeping services for both cash basis and accrual basis accounting, plus it integrates with popular accounting software. The company offers a range of plans based on which accounting method you use and how often you wish to receive online bookkeeping services reports and updates. Online bookkeeping is a good solution for many businesses that can’t afford or don’t need an in-house bookkeeper. Most business owners would rather put their time and energy into helping their company thrive rather than balancing the books and preparing financial reports.

How To Choose a Virtual Bookkeeper for Your Business

The cost of outsourcing these functions must make sense for your business based on the level of service it needs and your budget. You should expect to pay more for accounting services as a business than you would as an individual because there are more functions to perform. For businesses on a growth track, the cost of not outsourcing bookkeeping and accounting can be detrimental to the business. This happens when performing the functions in-house interferes with essential business growth activities. Every hour you spend on bookkeeping or accounting is one less hour spent marketing your business, building client relationships, and other business development activities.

• In his free time, you’ll find Jason on the basketball court, travelling, and spending quality time with family.
• Customer satisfaction with Merritt Bookkeeping is consistently high, with customers reporting fast service, responsive and helpful customer support and an easy-to-use platform.
• Jitasa offers full-service bookkeeping and accounting services in addition to tax services and CFO services.
• It also starts at $190 a month, which is less than nearly every other provider on our list.
• Paro’s algorithm matches you with a few candidates for you to screen, and, when you find one you want to hire, Paro makes the introduction.
• Jason holds a BBA from Simon Fraser University and is a designated CPA.
• It also took a hit in the personal bookkeeper category because it doesn’t offer a mobile app or provide a phone number to call for support.

Accounting firms help you with your long-range planning with cash flow projections and advice on how to allocate your capital for an additional cost. It advertises a start-from price of $200 but the fine print indicates that the first month of full-service bookkeeping is $500. The ongoing monthly fee will be based on average monthly business expenses and is $200 for monthly average $0 – $10,000 per month, $300 for $10,001 – $50,000 per month, $400 for $50,001 or more.

Make sure you use the same accounting software

She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. She also regularly writes about business for various consumer publications. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance.