QuickBooks Live vs PlotPath Which Bookkeeping Service is Right for Your Business?

Determining if you need a virtual bookkeeper to assist you with your bookkeeping needs may be different for everyone. You could have an influx of growth and need assistance, but you could also be struggling to keep up and need help getting things back on track. If you are consistently missing tax deadlines, failing to comply with new regulations, and falling so far behind that you fear you’ll never catch up…now is the time to hire a virtual bookkeeper. Over the next few months, we’ll continue conducting a variety of tests focused on tailoring QuickBooks Live for small businesses, and qualified bookkeepers and ProAdvisors.

We recommend sending a sample invoice to yourself or a staff member. If all goes according to plan and the invoice is received properly, you’re ready to use the software. Maximizing your tax deductions is key to increasing profits and QuickBooks Online helps you get the most out of them.

Our Experience With QuickBooks Live

Our QuickBooks pricing guide covers costs, extra fees, plan differences, and more. All three plans include QuickBooks Online Plus accounting software (normally $70/month), and QuickBooks pricing strategy offers a $35 discount on each plan for the first three months. You meet with your bookkeepers via one-way video chat (they can’t see you) and by sharing your screen.

This is for new QuickBooks users, who may need help with setting up their chart of accounts, invoicing, connecting bank accounts, etc. With that said, QuickBooks Live is a great way to gain access to an experienced, certified bookkeeper, at an affordable monthly rate. It can help you streamline your bookkeeping process, with personalized help from a trusted professional along the way. When you sign up for QuickBooks Live Bookkeeping, you are connected with a QuickBooks ProAdvisor, which is a bookkeeper certified by QuickBooks. You can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping. Ongoing communication is available at any time via document sharing and live chat, either with your bookkeeper or a member of your bookkeeper’s team.

Cost Comparison of Bookkeeping Services for Freelancers

QuickBooks Live Bookkeeping is an online bookkeeping service that connects small businesses with trusted, QuickBooks-certified virtual bookkeepers. Your bookkeeper takes the lead on your bookkeeping and runs essential reports so you can focus on your business. It offers extensive financial services – separate plans for bookkeeping, CFO services and tax services.

• We provide you support through different channels (Email/Chat/Phone) for your issues, doubts, and queries.
• You’re limited to one scheduled appointment at a time and appointments have to work within your bookkeeper’s schedule.
• QuickBooks can be a vital tool for small business owners, office managers, or anyone who needs to log financials and back-office tasks.
• Bench prides itself in being a simple, yet affordable online bookkeeping service for entrepreneurs.
• QuickBooks says that everyone on their Live bookkeeping teams are Certified ProAdvisors (some of them CPAs) with experience working with small businesses.
• Yes, you’re free to switch QuickBooks Online plans or cancel at any time.

This service will cost you $295 on top of your regular subscription. They’ll realign your numbers so you don’t pay your personal in addition to corporation tax, which many business owners unknowingly do. The cost depends on your monthly expenses, accounting method (cash or accrual), and the billing frequency (monthly or annually). The Weekly plan includes everything in the Monthly Plan, plus a dedicated accounting team, weekly updates, advanced Reporting, and white-glove support. QuickBooks also allows you to add a button to accept payments directly from the invoicing tool with credit cards and debit cards or automated clearing house e-checks. Both this feature and the invoice customization tools are now expected of accounting software platforms, but we felt that QuickBooks’ tools were especially strong.

Pros and Cons of QuickBooks Live

Get ready to bid farewell to sleepless nights and overwhelmed bookkeeping struggles. QuickBooks Plus is so popular that many accountants in private practice support it. It’s possible some of them may charge a little less than what Intuit is charging. But Intuit’s prices for QuickBooks Live are reasonable considering the work involved and the support provided.

• All in all, QuickBooks Live seems like more of a support feature than a comprehensive bookkeeping service.
• Widely regarded as the top accounting software for small businesses, QuickBooks offers it all.
• We’ve got you covered with a breakdown of the four different QuickBooks Online (QBO) plans.
• The app gives you access to all features of the service on your mobile device.
• Sometimes you enter data in fields, such as Customer Addresses and Phone Numbers.

QuickBooks Live Bookkeeping is a service offered by Intuit, the company behind QuickBooks accounting software. It provides small businesses with access to a team of certified bookkeepers who help manage their financial records and transactions in real-time. Businesses can contract QuickBooks Live Bookkeeping, a full bookkeeping service, properly categorize expenses, contract to maintain their books, and perform reporting. Through the subscription, a dedicated bookkeeper is made available to the small business to work on the account virtually.

How do I become a QuickBooks live bookkeeper?

This platform is designed and developed by Intuit so that owners can hire trustable bookkeepers anytime to handle their business by managing and maintaining the books. LessAccounting is one of the few bookkeeping services dedicated to serving freelancers and their unique business needs. Our budget-friendly options allow even beginning freelancers to start and run a vibrant business.

Each plan offers features that are suitable for a range of small businesses, from new startups to established companies. They give you access to all the tools and reports you’ll need for accounting purposes, and you can upgrade your plans seamlessly as your business scales. We found QuickBooks Online to be the best accounting software for small businesses. It provides four plans ranging from $15 to $100 per month as well as a separate Self-Employed plan that starts at $7.50 per month. These prices are available if you opt into QuickBooks’ deal through which you get 50% off for three months. Additionally, these discounts are only available if you skip the 30-day free trial.

Customizing your plan and scaling up the features will increase your monthly costs. If it turns out that you need extra help (and would like to continue doing business with inDinero), you can get a full package from the same company. Payroll services, tax preparation, and bill management can be purchased as additional services. Bookkeeper.com has been providing small businesses with bookkeeping and accounting services for 30 years. If you have fallen behind on your finances, Xendoo will appoint a dedicated team of experts to help you catch up.

For instance, S corporation (eliminates double taxation) or LLC (for flexible taxes). Bookkeeper 360 offers two types of business accounting packages – Monthly and Weekly. However, you will find that there are a few virtual accounting companies that offer the same level of service yet the cost difference is enormous. Don’t hesitate to shop around in order to find a service that is within your budget.

For example, you don’t have to worry about importing your bank statements, since they’re brought in automatically. Everything in your accounts gets touched by your bookkeepers, so nothing falls through the cracks—as long as you’re keeping up with your transactions. Your bookkeepers will work to ensure that your QuickBooks Plus data is accurate, up-to-date, and ready for tax time. They accomplish this by interacting with your QuickBooks Online Plus account in three primary ways.

It offers time savings, expert guidance, accurate records, and peace of mind. Assess the value it brings and potential ROI to decide if it aligns with your goals and justifies the investment. At $270 per month, even QuickBooks Live’s low-volume option would probably not be a cost-effective accounting service for freelancers or other independent contractors. Those businesses wouldn’t necessarily even need to use the Plus version of QuickBooks Online. There are two more junior versions (Simple Start and Self-Employed) that are much less expensive and better suited to the smallest of businesses. It is reassuring to see a friendly face on the screen without having to set up an online meeting on another platform.

QuickBooks Live bookkeeping connects you with a dedicated bookkeeper who collaborates with you in real-time. They handle tasks like categorizing transactions, reconciling accounts, generating reports, and providing expert financial advice. With seamless integration into your QuickBooks Online account, you can access accurate and up-to-date financial information, empowering you to make informed decisions for your business. QuickBooks Live Bookkeeping service offers CPAs and businesses a game-changing solution for financial management. With real-time support, seamless integration, and a team of expert bookkeepers by your side, you can unlock the full potential of your business. There are three levels of service for QuickBooks Live, all of which include the subscription fee for QuickBooks Plus, which is regularly priced at $70 per month.

With QuickBooks Online, you will never have to wonder where your transactions are. The program tracks your income and expenses automatically and then sorts them into categories. Although this automatic organizing is increasingly becoming standard among accounting software platforms, we were impressed with this feature.