Published December 22, 2021 by WC Team

The 5 Best Bookkeeping Services For Small Business

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Ultimate Guide To Finding Business Bookkeeping Services

A very proficient bookkeeper will always provide their small company customers with cash flow predictions and management services.

So, with so many accounting services on the market how do you know which one is best for your company?

We're here to assist you. In this article, we'll break down and evaluate five of the finest accounting services for small companies. Covering their pricing, features and more. So, you can make an informed decision about what's best for your company.

Online Bookkeeping Services For Your Small Business

There are several resources available to help you arrange your money, reconcile your books and manage your accounting software when it comes to company bookkeeping. 

You may engage an in-house bookkeeper who will deal directly with your firm daily.

For most small businesses the easier and more cost-effective alternative will be to use online accounting services. 

In certain situations, these services will include bookkeeping or accounting software. And a virtual staff of bookkeepers to run the system like making a directory

On the other hand, you might be able to discover an accounting service that works virtually with you. Leveraging the system or the platform you already have in place.

Finally, the greatest bookkeeping services for your company will be those that satisfy your budgetary requirements (and budget).

Bench Bookkeeping

The bench is the first online bookkeeping solution you should look into.

Bench provides full-service bookkeeping for small businesses. With all plans featuring a dedicated bookkeeping team as well as an easy to use software system.

Bench offers three distinct options each tailored to unique company requirements:

  1. Basic: $249 per month (if billed annually). This package includes a business bank account and debit card (through Lending Club) and a payroll connection with Gusto.
  2. Flexible: $349 per month (if billed annually). This package is designed for companies who already have business accounts and service providers including customized bookkeeping.
  3. Pro: $479 per month (if billed annually). This top-tier package aimed at firms with "complex business demands" provides more expert accounting help.

Bench does however include experienced bookkeepers as part of each of these options. It is to help you get set up and work on your finances. 

The bench also features visual reporting, a mobile app, automatic statement imports, customer assistance, a CPA login and tax-ready financial statements. Plus, Fundera subscribers may save 30% on the first three months.

With Bench's variety of online accounting services and size-based pricing options this solution can work well for a wide spectrum of small businesses. Particularly those that are just starting and searching for bookkeeping software solutions all in one.

Bookkeeper.com

Bookkeeper.com is the next company on our list of the finest bookkeeping services.

Bookkeeper.com provides a comprehensive variety of bookkeeping services to company owners. It includes virtual bookkeeping and accounting, tax preparation and planning, financial planning and investing plus payroll.

The Small Business Plus package begins at $495 per month.

All of Bookkeeper.com's online bookkeeping services include access to a web-based platform. It integrates with QuickBooks and Microsoft Office. It is tailored to your specific business model as well as accounting requirements.

Although Bookkeeper.com is more costly than any other of the Bench options. There is no doubt that their extensive QuickBooks based service is excellent. It may be the appropriate match for your business. Especially if you need help with bookkeeping duties like payroll, investments and financial planning.

Bookkeeper360

If your company uses Xero you might want to look at Bookkeeper360 for business bookkeeping services. 

Bookkeeper360 provides virtual bookkeeping services for small businesses. Working directly with you to evaluate then meet your bookkeeping and accounting needs.

Bookkeeper360 works with both QuickBooks and Xero users.

Furthermore Bookkeeper360's ideas are distinctive in their design. Each package is tailored to the regularity with which you want bookkeeping support. Allow me to explain.

The first plan Support is designed for businesses that wish to continue managing their bookkeeping with some help from Bookkeeper360 consultants. 

This package costs $199 per month. It includes two hours of assistance every month. As well as training and check-ins from the Bookkeeper360 staff.

The second plan Monthly is designed for organizations that require monthly bookkeeping services. 

This package includes a professional accountant, monthly profit and loss statements as well as balance sheets. Plus, phone, email, chat assistance and a subscription to Xero or QuickBooks.

Merritt Bookkeeping

When it comes to online bookkeeping services should you prioritize cost? If so then Merritt Bookkeeping may be of interest to you. 

Merritt is one of the most cost effective and straightforward choices available. It comes with a monthly subscription of $190.

Merritt works with QuickBooks users. Merritt creates a simple user interface for your QuickBooks program. It handles your bookkeeping within the QuickBooks application.

Merritt also incorporates automatic bank statement retrieval, the issuance of 1099 forms and the provision of financial reports. 

Merritt will also work directly with your certified public accountant (CPA) to obtain the reports needed for tax season.

Although Merritt does not include some of the more complex functions found in other systems. For example, payroll, taxes or invoicing. But its online accounting services are simple to use and ideal for small companies on a budget.

QuickBooks Live Bookkeeping

Finally for small company bookkeeping services you may check at QuickBooks Live Bookkeeping.

As the name indicates QuickBooks Live Bookkeeping is a QuickBooks based service. It allows you to outsource your bookkeeping to QuickBooks specialists. 

QuickBooks Live is linked to QuickBooks Online. It is easily accessible to those who already own this accounting software. 

If you don't currently have QuickBooks Online you may join up for QuickBooks Live when you buy your QuickBooks subscription.

QuickBooks Live is available in three editions. Each of which is characterized by the number of monthly costs your company has.

  1. Low-volume bookkeeping: This plan is designed for businesses with monthly costs of up to $25,000.
  2. Medium-volume bookkeeping: This plan is intended for organizations with monthly costs ranging from $25,001 to $150,000.
  3. High-volume bookkeeping: This package is designed for organizations with monthly costs of more than USD 150,000.

The monthly pricing of QuickBooks Live may appear to be exorbitant at first look. But it compares favorably to many of the other bookkeeping services on our list. 

Final Words

Several accounting services on the market may assist you in streamlining your financial procedures. As well as relieving some of the responsibilities associated with handling your bookkeeping.

If you're having problems selecting which bookkeeping system is appropriate for you then examine the following:

What are the duties that you require a bookkeeper to complete? Are you seeking a simple monthly or weekly reconciliation? Do you require tax services? Or do you require more services in addition to bookkeeping?

What is your financial situation? The cost of bookkeeping services varies and in general requires a large monthly investment. 

It would help if you considered what you can afford. And how an accounting software subscription affects that cost.

Again, as we've seen certain bookkeeping services are exclusively compatible with specific accounting platforms. But an accounting software vendor provides others (such as QuickBooks Live). 

If you already have a favorite accounting software then keep that in mind while you compare your alternatives.

Only you can decide which of these services would fulfill your bookkeeping demands. 

However before making a final selection, we recommend chatting directly with the service provider. Especially about what they provide and what they can do for your business. This way you'll have a better feel of who you're working with and what to anticipate from their accounting services.

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