Bookkeeper360 offers its online bookkeeping services in three different pricing plans, based on the frequency of assistance you need. However, you can also work with the Bookkeeper360 team to build a custom package. Bookkeeper360’s service does not require a contract, and you can cancel at any time. For cash-basis accounting, pricing starts at $399 per month for companies with up to $20,000 in monthly expenses. For accrual-basis accounting, prices start at $549 per month for companies with up to $20,000 in monthly expenses.
Bookkeeper360 is best suited for smaller companies that use Xero or are looking for an alternative to QuickBooks. They work with small-to-medium businesses and strive to innovate the way they maintain their accounting to fuel overall growth of the business. Their application that provides great visuals of how our business is doing on a daily basis with goals and metrics.
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If you 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. Bookkeeper360 offers HR support for small businesses through a tool called HRS360.
You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. Bookkeeper360 assigns United States-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date. If you need help, you can contact them via phone or live chat and set up unlimited meetings. They will also grant you access to their screen so that you can view your books.
One of these services is its CFO Advisory services, in which you work with the Bookkeeper360 team to analyze your financials and determine a strategy to manage and grow your business. Like with its virtual bookkeeping services, the CFO Advisory support Bookkeeper360 offers is available in three different plans, as well as on a custom-package basis. The three subscription plans for core bookkeeping services are listed below. Any services beyond bookkeeping, such as payroll, human resources (HR), taxes, or keeping your books up-to-date, are available at an additional cost. You can also opt to use the Bookkeeper360 App without subscribing to the bookkeeping service for $19 per month.
The company was founded in 2017 and is based in San Francisco, California. The company’s product offering includes SaaS business intelligence tools and tech-enabled accounting, advisory, back-office, payroll, and tax services. Bench is a worthy alternative to Bookkeeper360 if you’re looking for a tech-savvy provider that focuses largely on bookkeeping. Bench is also a great option if you don’t already use accounting software — as it has its own software platform. Unlike Bookkeeper360 and Bookkeeper.com, Bench offers the same service regardless of your plan, the price only changes based on the amount of your monthly expenses. Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems.
Take note that not all third-party integrations offer special discounts and offers. Bookkeeping.com is a great Bookkeeper360 alternative if you already use QuickBooks and prefer pricing based on transactions. Bookkeeper360 reviews highlight the ease of use of its services as well as the helpfulness and knowledge of its team. Reviewers also generally state how using its services has benefited their business. Bookkeeper360 has an A+ rating from the Better Business Bureau and no listed customer complaints.
Compare Bookkeeper360 to Competitors
Since the software works best when integrated with QuickBooks and Xero, we took user scores from the app stores of each accounting software. In cost and management accounting, operating expenses are mostly fixed costs and this cost behavior is evident in the sample chart above. You can use this chart to analyze the behavior of your business’ operating expenses. It isn’t in all cases that operating expenses are fixed and the chart from Bookkeeper360 can reveal fluctuations in expenses. For example, there is a significant increase in Other Expenses in March 2022 and Advertising Expenses in April 2022.
The two additional Bookkeeper360 plans, “Monthly” and “Weekly” will offer more hands-on support. If you’re looking for an online bookkeeping service that can help you with the entirety of your business financial operations, Bookkeeper360 can do just that. In addition to its core bookkeeping and accounting services, Bookkeeper360 offers six other solution types, from taxes to human resources. Plus, with Bookkeeper360’s custom plans, you can pick and choose which services you want and receive a solution that will truly accommodate your specific business.
If you want a more detailed view of business performance, you can switch to the Metrics view to year-over-year data for revenue and common size amounts for gross profit, net income, and payroll. You can also check your working capital and debt-to-equity ratio to measure your business’s short-term and overall liquidity. Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services.
The payroll team will process payroll for both employees and contractors and provide full-service support with health benefits, direct deposit setup, W-2s, and 1099s. Bookkeeper360 also integrates with other payroll providers like Gusto and ADP. If you decide to get this service, it will only take less than two weeks to set up. Although it can be beneficial to have a service and cost that’s designed specifically for your business, it can be preferable for business service providers to have clear and established pricing. If you can look at a provider’s website and know exactly what to expect in terms of both pricing and service, it’s much easier to compare providers against one another. Plus, with transparent pricing laid out for customers to see, a service provider can’t try and charge you more than it does someone else.
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Finaloop provides accounting software specifically tailored to ecommerce companies. We research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources. Perhaps one of the most helpful ways to judge a provider is by reading its customer reviews.
Pros of using Bookkeeper360
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. Bookkeeper360 offers tax services that include individual or business preparation and filings, sales and local 1099s reporting, as well as overall tax planning and compliance. Trends show you business revenues, direct costs, and operating expenses along its composition. This section of Bookkeeper360 can provide you with insights regarding composition of revenues and cost behavior.
Bookkeeper360 is considered a trailblazer in the industry and has been published in Forbes, Accounting Today, Business Insider, CPA Practice Advisor, and other editorial outlets. It’s easy and free to get started with the Bookkeeper360 app – start syncing your data immediately by siging up for a 14-day free trial. Bookkeeping is the core service that Bookkeeper360 offers and is available by signing up for a consultation with its U.S.-based team. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years.
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 travel, food, and books for various lifestyle publications. It can update your books even if they’re way behind, but you have to tell your dedicated bookkeeper during the first meeting so that they know where to start.
- Plus, with Bookkeeper360’s custom plans, you can pick and choose which services you want and receive a solution that will truly accommodate your specific business.
- The CFO will help in determining and evaluating key performance indicators, performing profitability analysis, developing a growth strategy, and optimizing cash flow.
- Bookkeeper360 assigns United States-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date.
- Eliminate headaches and surprises by hiring our helpful team of professional accountants and bookkeepers who get back to you quickly and treat you with the respect you deserve.
Our 100% US-based team utilizes technology to manage your accounting with a personalized touch. You don’t have time to clean up messy books or deal with the IRS notices that result from inaccurate tax filings. We believe everyone should be able to make financial decisions with confidence. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. The cash runway, also called cash burn rate, shows the estimated number of months until cash runs out.
The columns represent the volume of cash inflows and outflows while the line shows your net cash position. By using this chart, you can assess monthly cash needs based on expected cash inflows and outflows. The blue line represents current year data, while the gray line represents previous year’s data. You can use this year-over-year comparison to spot seasonality in revenues and expenses.