Bookkeeping
How to hire a bookkeeper for your small business
Mazuma is a licensed accounting firm (CPA) based in Orem, Utah, and members of the AICPA. We provide professional accounting services to businesses and individuals, with a focus on small business bookkeeping and taxes. With its powerful mobile app, it is also useful for businesses working remotely. Additionally, you’ll have access to bookkeepers, tax and financial advisors, payroll specialists, and a dedicated accountant who is an expert in your state and industry. As your business grows and potentially takes on funding, the accrual-based and advanced bookkeeping services that it offers will be especially useful.
To learn more about Wave and its other products and services, check out our guide on what Wave Financial software is and does. To hire a bookkeeping assistant, you will have to get on a call with their customer team and explain your needs and requirements. The team will pair you with a virtual assistant whose skills match your demands. There is also a full-time customer success consultant to oversee the contract and ensure no mishaps occur.
More time each day
While Equivity offers a fairly robust bookkeeping package, they don’t use their own software. If you sign up for Equivity, your virtual bookkeeper will use QuickBooks, or another off-the-shelf accounting app, to manage your bookkeeping for you. You’ll need to learn how to use this software in order to help categorize transactions or enter transactions manually. At Bench, we give you a team of professional bookkeepers who do your bookkeeping for you.
- Because it doesn’t offer add-ons, extra features or other bells and whistles touted by other brands on this list, it can keep the costs at a flat rate — and a much lower one at that.
- GrowthForce accounting services provided through an alliance with SK CPA, PLLC.
- CPAs have accounting degrees and must pass the Uniform Certified Public Accountant Examination.
- Bookkeeper360 offers a pay-as-you-go plan that costs $125 per hour of on-demand bookkeeping support.
Intended to automate the majority of both your bookkeeping efforts as well as your tax preparation, 1-800Accountant turns a major hassle into a huge relief. With a dedicated accountant assigned to help you get your records in shape, the service maintains your finances and prepares your taxes simultaneously. At year end, tax prep is virtually effortless because they already have all of the information in hand.
How to hire a bookkeeper for your small business
The bookkeeper should have an agreement that clarifies exactly what services they’re providing, what you’re responsible for, and the terms of the relationship. Be sure to note what information you need to provide the bookkeeper and by when, as well as how you can terminate the agreement if needed. Search out bookkeepers with several years in the field and positive reviews from clients and accountants, who look over bookkeepers’ work. Although it might save money to do your business’ books yourself, you might have run into some of the downsides. It’s common to make mistakes, get behind on your books, or realize that you’ve been doing something incorrectly.
Bookkeeper.com is one of the most expensive online bookkeeping services on this list, which is why it received a low score for its pricing. 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. In contrast, Bookkeeper360 offers a mobile app, a phone number to call for support, and video meetings. Our overall best online bookkeeping service is Bench because it provides bookkeeping support at a lower cost than many similar platforms while also offering tax assistance and payroll integration. It has catch-up bookkeeping services—ideal if you have fallen more than two years behind in your bookkeeping.
IgniteSpot Accounting
For teams like this, it’s all too easy to find yourself months or even years behind the current financials. There are reliable outsourcing firms that can help ease the burden of maintaining accuracy and compliance. In this article, we’ve compiled a list of 7 leading brands in this category. Your bookkeeper gets to know your business and provides ongoing bookkeeping services. You can use its monthly financial reports to assist with filing taxes, and it provides a simplified issuance and electronic filing of 1099s for your contractors at an additional fee. One benefit of using Wave Financial’s software is the ease of using products and services that integrate seamlessly.
This bookkeeping solution focuses on startups and growth-stage companies. Typically, you’d only get detailed financial statements like this through a CFO — which means Merritt gives you some of the best aspects of having a CFO without the high cost. In the end, your virtual bookkeeper should be a partner that can help grow your business affordably. Keep that in mind as you search for the right virtual bookkeeper for your small business.
Bookkeeper360 offers a pay-as-you-go plan that costs $125 per hour of on-demand bookkeeping support. It’s an ideal plan for businesses that need minimal monthly support, though if you want more than two hours of help a month, you’ll save more money simply going with a service like inDinero or Bench.co. And on the accounting software front, Bookkeeper360 syncs with both Xero and QuickBooks Online. This way you don’t have to rely on the claims they make about what they can do for you.
The bookkeeper might want to take a look at your books to assess how much work it will take to clean up your books and maintain them on a regular basis. Some bookkeepers do it all for you, and others can support you or be available https://accountingcoaching.online/ to answer questions. Depending on what you’re willing to do yourself and how much you’re willing to pay, the services available to you might differ. You might be down to a few top candidates by this step in the hiring process.
While Bookkeeper360 is our best recommendation for Xero users, it also works well for QuickBooks Online users dissatisfied with the limited services of QuickBooks Live. If your business needs additional services, such as tax filing, payroll management, or budget preparation, Bookkeeper.com will create a customized quote based on the size and needs of your business. If you are behind on your bookkeeping, you can use Bench’s Catch Up and Retro bookkeeping services to bring your books up to date. A virtual bookkeeping assistant can provide assistance, expertise, and sound advice on managing your business finances better.
And when combined with the full suite of Intuit financial software tools, you have the digital equivalent of an entire accounting firm at your disposal. For tax and consulting, Wave Advisors also received a low score because it only offers tax advice but not income or sales tax return filing. While you can sign up for one-time accounting, analyze in material price and efficiency variances in cost accounting payroll, or tax coaching, CFO advice is unavailable. Bookkeeper.com offers both income and sales tax return filing and CFO advice, so we recommend checking it out if you’re seeking those features. Bookkeeper 360 is a virtual bookkeeping company based in the USA and provides end-to-end bookkeeping services for small businesses.
But if you’re looking for a dedicated mobile app that enables you to communicate with your accounting team and access your account from anywhere, then 1-800Accountant is a good option. If you need help with the platform, working with a Wave Advisor is the easiest way to do so because it offers a team of dedicated bookkeeping professionals to help businesses manage their finances. Virtual bookkeepers handle day-to-day financial tasks – from categorizing expenses to generating reports. Real-time access to your financial data enables you to make wise decisions and enjoy peace of mind knowing that your money is being properly managed.