What is a Virtual Bookkeeping Company and How Can It Help?

Quickbooks Online, NetSuite, and many other programs are out there to assist an in-house bookkeeping team, but it requires the need to train employees and keep their education and the software itself up to date. A virtual online bookkeeping service, like AccountingDepartment.com, will be there for a company with the most well-trained employees at all times. Additionally, with user-customizable financial dashboards, clients have the ability to view all of their most important financial information at the click of a button, whenever they need it. For businesses with over $200,000 of monthly expenses, this might offer the type of customization you’d need. Some additional services you may have access to include inventory tracking, BillPay, CFO services, and tax services. When your business is still growing, bookkeeping isn’t such a cumbersome task.

Tax season, minus the stress

Depending on what kind of business you run, you may get paid through monthly invoicing to your clients or customers. You can get an assistant who doesn’t necessarily have bookkeeping or accounting expertise, because invoicing is largely data entry and tracking. If you hire a virtual bookkeeper for your year-round financial needs, you’ll likely need to hire a separate accountant to help with taxes.

uickBooks Expertise

1. Startups can access their financial data even after canceling their Bench subscription, making it an excellent choice for small businesses.
2. Pilot provides back-office services, including bookkeeping, controller, and CFO services.
3. Plans begin at $100 per month with additional add-on features available.
4. FlowFi is an accounting startup that matches small businesses with finance experts to assist with their financial statements and other accounting needs.
5. Or let a tax expert, powered by TurboTax, do your taxes for you, with your maximum refund, guaranteed.

Our bookkeeping packages are customizable and flexible to fit your business needs. Monthly bookkeeping starts as low as $399 a month, and catch-up bookkeeping packages start at $1500 a year. Choosing a bookkeeping service for your business may seem like a throwaway task – something you just have to check off your list to keep all your ducks in a row. For a Business-of-One, even with contractors or a small number of employees, simple bookkeeping services online bookkeeping is usually sufficient. Running your Business-of-One comes with tons of benefits – and freedom in the way you work.

QuickBooks Online offers Expert Full Service Payroll for an additional cost. AccountingDepartment.com has extensive experience with a wide variety of integrated accounting software applications that ensure your virtual accounting experience goes smoothly. Through accounting software and its applications, we help you tie together the complexities of budgeting, inventory, payroll, taxes, expenditures, and billing into comprehensive financial statements.

Your online bookkeeping and tax team, so you can do what you love.

Paying employees and contractors can be time consuming and a little intimidating when it comes to issuing tax forms and paying payroll taxes. Services like Gusto simplify payroll and taxes for both small and large businesses, from those with just a few contractors to organizations with employees and robust benefits packages. These programs typically require a monthly or annual subscription, with a few levels that include different services. You can sign up based on your business needs and upgrade as you grow.

Pricing

We can also adjust our standard flow to whatever works best for your business. The goal is to ensure that you always have up-to-date financial information at your fingertips. Transform your financial management from a challenge into a strategic advantage. Velan has been able to develop alongside us as we transitioned from a single product to a multi-product business. The team knows e-commerce enterprises and has industry understanding of the systems we should employ to make our bookkeeping go smoothly. Adjust our services as your business grows, ensuring scalability and flexibility.

Bookkeeping is an unavoidable part of having a business because the IRS has certain rules around financial recordkeeping. Aside from staying compliant, having organized books helps you monitor the health of your business, prepare for tax time, and prepare key financial statements. How much you pay for online bookkeeping depends on what kind of service you use and which accounting tasks you need. For full tax support, you need to work with an accountant (CPA) or IRS Enrolled Agent (EA). Bookkeepers can keep your financial records in order to make sure you’re prepared for tax time, but they’re not allowed to prepare and file tax returns for you like a CPA or EA is.

1. Maximizing business focus and ensuring operational efficiency are critical for growth, particularly as businesses navigate the complexities of expansion.
2. However, if you want more advanced reporting and a more robust mobile experience, you’re better off looking at other solutions on this list.
3. Schedule a free consultation to learn more about how we can provide you with tax filing help.
4. Automated systems may appear to provide value, but they fall short in their ability to address the specific needs of startups.
5. This includes tasks like reconciling accounts, organizing statements, recording financial transactions, and other financial reports.

A dedicated bookkeeper can bring your past books up-to-date and manage your bookkeeping for you, start to finish. Our intuitive software automates the busywork with powerful tools and features designed to help you simplify your financial management and make informed business decisions. A bookkeeper is not required to have any special certifications or education, while a Chartered Professional Accountant (CPA) is required to have completed a relevant certification in order to offer CPA services. Merritt Bookkeeping has the most competitive pricing on our list and is the only one to offer a flat rate for all types of businesses. Unfortunately, if flexibility is what you’re looking for, Merritt Bookkeeping may not be for you since you can only import data from QuickBooks Online.

Bench gives you a dedicated bookkeeping team so you have a direct line to your own experts on desktop or mobile–professional support is just a few swipes, taps, or clicks away. While there are certain scenarios where it makes sense to have a dedicated bookkeeper (or several) on your staff, this is typically reserved for very large companies. For the vast majority of businesses, the job of bookkeeping is too small for a department but too much for the owner. Although InDinero offers scalable plans, they’re not very transparent about what exactly they include in each plan until you talk to a salesperson.

Online bookkeeping services typically give you a dedicated bookkeeper or team of financial experts to help you with basic bookkeeping tasks. A bookkeeper’s main responsibility is maintaining accurate financial records. Our back-office solution includes all the accounting and tax services you need, plus a free Gusto subscription and unlimited automated payroll runs, W-2 and 1099 filing – and automated payroll taxes. Some online accounting software offer upgrades for payroll services, but they don’t typically include tax payments or tax form filing. Bench Accounting provides a unique combination of proprietary software and professional bookkeepers to offer comprehensive services tailored to small business owners.

Merritt Bookkeeping offers an affordable, straightforward bookkeeping solution for small businesses. With a focus on simplicity and efficiency, they provide reliable bookkeeping services with a flat-rate pricing model. FlowFi is an accounting startup that matches small businesses with finance experts to assist with their financial statements and other accounting needs. Aimed at startup growth, FlowFi provides access to CFO, accounting, and tax professionals.