Virtual Bookkeeping Services for Small Businesses

As your business grows and your financial transactions increase, you will need a virtual bookkeeper to do routine tasks, like classifying transactions and reconciling bank accounts. Its bookkeeping services include a free, 30-minute consultation with an account manager, a review of your books year-to-date, and an action plan created each quarter with specific recommendations. Its plans are affordable and can be customized based on your needs. As your business grows and potentially takes on funding, the accrual-based and advanced bookkeeping services that it offers will be especially useful.

Your bookkeeper will assist you with setting up your chart of accounts, connecting your banks, and creating a plan to clean up any existing data. But while your financial statements are sent to you monthly, your bookkeeper won’t pay bills, send invoices, manage inventory, and provide financial advice. Virtual bookkeeping services have become an indispensable resource for businesses of all sizes, offering cost-effective and efficient financial management solutions. As you explore different providers and pricing options, prioritize transparency and understanding the scope of services offered. Tailor your choice to the unique needs of your business, seeking a provider that aligns with your financial goals and values.

Bench: Best for bookkeeping + payroll

Sure, you may have some accounting software you have downloaded currently, but how much time are you spending inputting data and worrying that it’s accurate? As a business owner, you might even find yourself rushing at the end of the year to ensure your books are accurate for tax season or audits. Having up-to-date books is crucial because it shows you where your business is financially and what you can do to boost your sales or cut costs. Keeping up-to-date books is the primary task of a bookkeeper, making them an invaluable resource for your business.

The bookkeeper can be paid as a contractor and work as little or as much as the business needs. For a bookkeeper, working virtually provides convenience in the form of schedule flexibility and the ability to work from home. virtual bookkeeping services Even if you aren’t planning on growing any time soon, you need to have a sense of how much money is coming in vs. what is going out. On top of that, you need the data used in bookkeeping to file your taxes accurately.

Does Your Bookkeeping Service Include Consultation With A CPA?

GrowthForce accounting services provided through an alliance with SK CPA, PLLC. For example, a marketing and advertising agency likely handles its own sales, but would work with an outside design firm or freelancers for graphic design needs. Conversely, rather than hiring full-time employees, that same design firm likely contracts an outside marketing agency for their marketing and advertising needs. Our bookkeepers average 10 years of experience working with small businesses across a wide array of industries.2 They’re certified QuickBooks ProAdvisors, and many are CPAs. When bills come in, we organize and record them to prepare for a payment run. Your virtual bookkeeper processes payments to your vendors with Bill.com, making your life and cash flow easier to manage.

• Other questions to consider include whether the service is able to accommodate your accounting software and if you will require catch-up bookkeeping services.
• In the end, your virtual bookkeeper should be a partner that can help grow your business affordably.
• A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting.
• Redmond Accounting can provide you with the virtual bookkeeping, accounting, and payroll experts you need to keep your business up-to-date, organized, and running as efficiently as possible.
• Should you opt for an in-house approach, the next choice revolves around determining if the role demands a part-time or a full-time bookkeeper.
• Truly, the real value of a bookkeeper to a small business is found within the time it saves and the tax deductions it provides in April.
• In addition, Bench has raving online reviews and many integration options.

Our bookkeeping business was designed by CPA’s, but you will communicate primarily with a certified bookkeeper. This person has been trained in bookkeeping and also has sufficient experience to guide you. Bookkeeping services are a cost-effective way to make sure your books are in order, especially when it comes to tax time. Merritt is one of the lowest-priced bookkeeping options on our list. The team at Merritt works in QuickBooks, which is helpful for easy handoff to your accountant and in case you decide down the line to bring your bookkeeping in-house.

NerdWallet’s picks for the best online bookkeeping services

LYFE Accounting is capable of providing just that through our virtual bookkeeping services. Our agency is run and directed by Certified Public Accountants (CPAs). This guarantees that your bookkeeping services will be handled by some of our top CPAs. Since bookkeeping is an ongoing process, we will handle it for you at least once a month. Being consummate professionals, our team understands the need for both consistency and quality.

• We’d be happy to understand the needs of your business and determine if Bench is a good fit for you.
• A virtual bookkeeper handles your bookkeeping remotely, and all communication and storage of financial documents are handled within the bookkeeping software.
• Plus, our certified virtual bookkeepers are always ready to help you with your business finances.
• For S-Corps, C-Corps, and Partnerships, you can add-on personal filing for 1 partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly.