With the first plan, called the “Support” plan, you continue to manage your own bookkeeping with some assistance from the Bookkeeper360 advisors. The specific bookkeeping features you receive with Bookkeeper360’s service will depend on the plan you develop. You have the option to create a custom solution; however, you can also choose one of the three pre-designed packages Bookkeeper360 offers. Bookkeeper360 is a Xero partner, so it only works with businesses that use Xero or QuickBooks as their accounting system.

• If you’re interested in HR projects or consulting, prices for these services start at $1,000 for projects and $350 per month for consulting.
• If you have one employee, it will cost $45 per month; if you have 20 employees, it will cost $159 per month.
• Other custom integrations are priced per project, and you have to work with the Bookkeeper360 team directly to determine this cost.
• Do you want to learn more about the leading accounting solutions for small businesses?
• Bookkeeper360 is an accounting solution designed to help businesses view financial data, streamline bookkeeping operations, and track goals on a unified platform.
• After your free consultation, the first step after signing up with Bookkeeper360 is to meet with your dedicated bookkeeper over the phone.

You can view profit and loss details, revenues, direct costs, and net income. If you’re unsure whether Bookkeeper360 is the right assisted bookkeeping service for you, check out our guide on the best online bookkeeping services for more choices. Bookkeeper360 is working on its own application, 360app, that will allow you to manage all of your Bookkeeper360 services, from accounting to financial planning, in one place. This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages.

These two job roles have tedious and mundane tasks yet both are vital in growing your business.

Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service. If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you. The dedicated bookkeeper will meet you monthly to fix your books and generate monthly reports. 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 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. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. You can also reach out to your dedicated adviser through the Tasks section, which eliminates the need to email your bookkeeper if you have questions.

Taxes

For more information about the types of assisted bookkeeping available for small businesses, read our guide to the best online bookkeeping services. Bookkeeper360 offers a range of support options for businesses in conjunction with its core bookkeeping services. Bookkeeper360 offers tax services that include individual or business income tax filings, local tax filings, 1099 reporting, and overall tax planning and compliance. Included in the tax services is tax advisory, where you can consult your dedicated tax advisor for tax-related matters. If you’re using Xero or QuickBooks, both the desktop and mobile apps will connect to your account and provide information like scorecards and metrics. Using the app, you can keep track of business performance by looking at dashboards and auto-generated reports.

Accounting and bookkeeping are two job roles that go hand in hand with your business. Both roles, if done correctly, will help you in making informed decisions with regards to your business’s finances. ADP. It also gives you the option to integrate Xero with these different solutions to sync your payroll data. 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 rigorous hiring policies ensure that you can rest easy knowing your dedicated accountant has the experience and knowledge to deliver high-quality work — the first time. You don’t have time to clean up messy books or deal with the IRS notices that result from inaccurate tax filings.

Bookkeeper360 New Feature 2023

It shows that revenue sometimes increases, decreases, peaks, or plummets. This revenue source is not present in all months while merchandise licensing is consistent in almost all months. As a business owner, you can use this chart to analyze revenue not just as a whole but in different components.

If you need help, you can call them via phone or set up unlimited meetings with your dedicated bookkeeper. For more than 25 years, Bookkeeper.com has billed itself as an all-in-one small business solution, covering several aspects of a business in one package. Its team of financial specialists provides a full range of accounting, bookkeeping, consulting, payroll, and business services.

SALES TAX

It also has bookkeeper360 ProAdvisors who will manage your books with either QuickBooks Desktop… Depending on your company’s budget and specific needs, you’ll be able to determine whether Bookkeeper360 or Bookkeeper.com is a better solution for you. The services the two providers offer are very similar, but Bookkeeper360 allows for more customization of its features, as well as a pay-as-you-go plan. It also has both accrual and cash-based accounting, whereas Bookkeeper.com only offers cash-based accounting.

The charts will show your cash inflows and outflows for the past 12 months, past 24 months, last calendar year, last two calendar years, and last three calendar years. It also shows cash insights by computing your net cash after deducting credit card liabilities. Bookkeeper360 provides a free consultation for interested business owners, during which you can receive a personalized quote before committing to the service. Meanwhile, one stellar feature that Bookkeeper.com has is free financial advice and software training with all of its service plans. Then, your bookkeeper will reconcile your accounts, categorize transactions, produce financial statements — overall handling your essential bookkeeping tasks on a monthly basis.

The latest conversations about Accounting

All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. 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.

• The bookkeeper will also grant you access to their screen so that you can view your books.
• In cost and management accounting, operating expenses are mostly fixed costs and this cost behavior is evident in the sample chart above.
• With the first plan, called the “Support” plan, you continue to manage your own bookkeeping with some assistance from the Bookkeeper360 advisors.
• You can also change it per quarter and present it as trailing 12 months, trailing 24 months, or previous calendar years.
• Included in the tax services is tax advisory, where you can consult your dedicated tax advisor for tax-related matters.