Addressing the importance of bookkeeping is like stating the obvious. However, many smaller organizations struggle with finding the time, expertise, and tools necessary to effectively manage their financial records. As a result, they often fall behind in keeping their books up to date, which can negatively impact their business planning and legal compliance. The good news is that there are reliable outsourcing firms available to help alleviate this burden. In this article, we have compiled a list of seven leading brands in the bookkeeping outsourcing category. We will compare them based on their ability to keep books current, facilitate financial tasks such as payroll and accounts receivable, and optimize cash flow.
1. Bookkeeper360: This outsourced bookkeeping service offers both self-service digital solutions and comprehensive outsourcing options. They provide various pricing models to suit different needs, including pay-as-you-go, monthly billing, and weekly billing.
2. QuickBooks Live: Known for its software, QuickBooks now offers assisted and virtual bookkeeping services for accurate and up-to-date financial records. They also provide on-demand support and assistance, as well as integration with other Intuit financial software tools.
3. Bench Accounting: Designed for smaller organizations, Bench Accounting offers outsourced bookkeeping services with competitive pricing. They provide monthly bookkeeping, catch-up services, help with taxes, and real-time financial insights through their app.
4. Pilot Bookkeeping: Targeted at startups and solopreneurs, Pilot offers professional bookkeeping services with fewer add-ons or upgrades. Their pricing structure scales with businesses, which can help minimize costs for early-stage teams.
5. Merritt Bookkeeping: This affordable solution offers core bookkeeping services at a lower overall subscription cost. While they lack additional features and add-ons, they provide a solid foundation for financially savvy organizations with limited resources.
6. 1-800Accountant: With a focus on small business taxes, 1-800Accountant simplifies both bookkeeping and tax preparation. They offer user-friendly online portals, dedicated accountants, and tax advice throughout the year.
7. Ignite Spot Accounting: Ignite Spot provides bookkeeping services as well as options to upgrade to CFO-level expertise. They offer flexibility in payment options and specialize in various financial platforms.
Ultimately, the best outsourced bookkeeping service for your business depends on your specific needs. It’s important to thoroughly evaluate each provider and consider factors such as pricing, services offered, and customer reviews before making a decision.
