Bookkeeper360: Xero Accounting & Bookkeeping Solution

If you CARES Act need to be able to accept credit card payments at your business, Bookkeeper360 also provides merchant services. These Bookkeeper360 services can integrate with Xero and QuickBooks, are free to set up and include next-day funding. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Bookkeeper360 Mobile App

In essence, Bookkeeper360 will help you set up your accounting system, provide training and checkups and offer two hours per month of support, but you will manage your day-to-day bookkeeping tasks yourself. Bookkeeper360 back-office solutions can cover all financial aspects new businesses bookkeeper360 reviews struggle with. You can outsource your invoices, get help with approvals and bills payment, as well as expense reimbursements. The team can also set up the integration of ERP and your point-of-sale systems. Read our article on how to choose a virtual bookkeeper for guidance on selecting the right online bookkeeping service.

General Ledger and Chart Accounts

Bookkeeper360 is ideal for any remote business with simple to complex financial needs. In addition, SMEs are looking to scale their revenue streams and operations. We wanted to see if the software could live up to its claims, save time, and help us with our business operations. However, the traditional methods of bookkeeping piles of receipts, spreadsheets, and long hours of manual data entry are outdated and … Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.

Bookkeeper360 Review: Features, Pricing & Alternatives 2024

• You can generate reports, track expenditures, payments, and more through it.
• You will be able to effortlessly track revenue, costs, and expenses, as well as tackle payroll management, cash flow, and much more.
• However, Bench is more tech-oriented and comes with its own bookkeeping software.
• They work with small-to-medium businesses and strive to innovate the way they maintain their accounting to fuel overall growth of the business.
• What’s more, you can add multiple companies to a single account, or set up unlimited users and their permissions.

You can also check your Food Truck Accounting working capital and debt-to-equity ratio to measure your business’s short-term and overall liquidity. 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. For technology integration and assistance, the Bookkeeper360 website states that once available, the 360app will be included in all service packages. Other custom integrations are priced per project, and you have to work with the Bookkeeper360 team directly to determine this cost. Similarly, Bookkeeper360 offers Advisory, Coaching and Inventory options for its CFO Advisory services. The Advisory plan starts at $700 per month and the Coaching plan starts at $1,500 per month.

• Jessica Pereira helps SaaS and digital marketing brands build long-lasting customer relationships with meaningful content.
• Because each plan depends on many factors, we looked at the value provided in terms of the time and potential money that you’re saving by using the service.
• Bookkeeper360 quickly became one of the top-rated bookkeeping solutions on the market after its founding in 2012.
• Bookkeeper360 has an A+ rating from the Better Business Bureau and no listed customer complaints.
• Meanwhile, accrual accounting records revenue and expenses when earned or incurred.
• If you’re planning to expand your business but need additional capital, the CFO will help you forecast the business’s financials, craft business plans, and determine the optimal capital structure.
• 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).

What other services does Bookkeeper360 offer?

For accrual-basis accounting, prices start at $549 per month for companies with up to $20,000 in monthly expenses. You can also use the Bookkeeper360 App without bookkeeping services for $19.99 per month. The Bookkeeper360 pricing scheme isn’t as affordable as many of its competitors and isn’t transparent—even though starting prices for each service are listed online, it is largely quote-based. The two additional Bookkeeper360 plans, “Monthly” and “Weekly” will offer more hands-on support. Bookkeeper360 offers the ability to create your own custom plan, and as such, the features you select depend on your company’s specific needs and business strategy. These include hands-on bookkeeping, tax services, CFO advisory support, and payroll/HR management.

• This can be particularly beneficial for small businesses and startups with limited budgets.
• Finally, the Inventory plan is designed on a project basis and can accommodate inventory management, workflow planning, inventory projections and reorder points.
• These criteria were disregarded for providers where no reviews were found.
• Reviewers also generally state how using its services has benefited their business.

Best Accounting and Bookkeeping Apps for Small Businesses

• It offers the ability to access your bookkeeper’s screen during meetings while Bookkeeper.com uses a secure online portal to facilitate meetings, which allows you to upload documents and exchange information.
• Quickbooks Online provides three plans with a starting price of $9/month.
• On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR.
• You also get customization options to your invoices, like adding a font or logo.
• Navigating the small business accounting software offerings available today can feel like venturing into a maze – but …
• You can view profit and loss details, revenues, direct costs, and net income.

Our team-based approach ensures that you get the knowledge and expertise you need on your accounting team. One stellar feature that Bookkeeper.com offers is free financial advice and software training with all of its service plans. Check out our roundup of the best small business accounting software for our leading recommendations. This integration and compatibility with various platforms make the software efficient for any accounting processes for a business. Ultimately, this feature is crucial to your business bookkeeping processes because it helps lower errors and boost customer satisfaction and cash flow.

Businesses

Any services beyond bookkeeping—such as payroll, HR, taxes, or keeping your books up-to-date—are available at an additional cost. 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. Bench is a worthy alternative to Bookkeeper360 if you’re looking for a tech-savvy provider that focuses largely on bookkeeping.