It connects your business with a real, live bookkeeper, who will work one-on-one with your company. You will be assigned a single bookkeeper who will always be the one to work on your records, allowing you to collaborate in real-time and build a relationship. This one-on-one structure allows the QuickBooks bookkeeping bookkeeper to learn the ins and outs of your business.

What QuickBooks Live’s Bookkeepers Do for You

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 avoid such problems by monitoring your transactions and looking for potential problems. They also reconcile your accounts, a process that many small businesspeople avoid because it can be time-consuming and frustrating. Your bookkeepers will help you set up your Chart of Accounts, connect your online banks, and go over the basics of QuickBooks Online Plus.

InvoiceBerry Review: Features, Pricing, & Alternatives

• Activate the multicurrency feature to make and accept payments from various currencies on the “Accounts and Settings” tab.
• I appreciate how it tracks clients/customers, tracks payments, and keeps running calculations of what is due and when.
• Small business owners appreciate that QuickBooks offers very affordable rates for smaller firms.
• But I do notice that it likes to throw a lot of my stuff in “Other Business Expenses” rather than taking the time to try to figure out what it actually is.
• After a vendor payment has been processed, you can remove it from the AP list, and repeat the process every week.
• The dashboard provides a real-time overview of your income, expenses, and the overall financial health of your company.
• With the new QuickBooks Live Tax, you can choose whether to do your taxes with expert assistance or have experts do them for you.

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. 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. Most users meet virtually with their bookkeeper once or twice per month.

Tax & Consulting

• Once you log into your QuickBooks account, you can easily toggle between businesses to view each organization’s finances without signing out of your account.
• Integrating a barcode scanner can streamline inventory management, making it easier to track products and manage stock levels.
• The service’s biggest drawback is its limited services and lack of access to financial advice.
• Other services may cost as much as $2,500 per month, depending on the complexity of your business’s books.
• One thing “unique” to QuickBooks Live Bookkeeping is the one-time set-up fee, which you pay as a clean-up fee to get your books in good working order before your service actually begins.
• You’ll meet with your bookkeeper via one-way video chat, which can be accessed by sharing your screen.

It is reassuring to see a friendly face on the screen without having to set up an online meeting on another platform. The video chat is imbedded in your personal screen area, and it worked very well in our sessions. Because you’re assigned to a primary bookkeeper and his or her team, you know that they’re up to speed on your financial situation. An exceptional user experience helps you understand how to quickly find what you’re looking for.

Our detailed QuickBooks Live Bookkeeping review and evaluation aim to help you determine if this is the best service for your business. QuickBooks Live Bookkeeping can be more cost-effective than hiring an in-house bookkeeper or outsourcing your bookkeeping to an accounting or bookkeeping firm. There are no long-term contracts, so you can switch or cancel quickbooks live setup your service at any time without incurring fees.

With QuickBooks Live, you don’t have to sign up for a long-term contract, which means you can switch pricing plans as your business grows or cancel without incurring any other fees. QuickBooks Partnership Accounting Live also comes with an “Accurate Books Guarantee,” which covers the costs of correcting any bookkeeping mistakes your ProAdvisor may make. Whether QuickBooks Live Bookkeeping is worth it largely depends on your specific business needs. If you require a robust financial management tool with real-time data access, customizable reports, and the option for professional bookkeeping assistance, it can be a valuable investment. Bench starts at just $249/month but doesn’t use QuickBooks as many other services do. You get unlimited access to your accountant and can add optional tax services, too.

One thing “unique” to QuickBooks Live Bookkeeping is the one-time set-up fee, which you pay as a clean-up fee to get your books in good working order before your service actually begins. From customer acquisition to getting paid, and managing your workforce, chances are, you can find an app or integration for other platforms you’re already using in your business. We research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources. A subscription to QuickBooks Live does not include a subscription to QuickBooks Online, which is necessary to use QuickBooks Live. QuickBooks Online costs anywhere from $12.50 to $150 per month, depending on the features you need and whether or not you pre-pay.

Best Online Bookkeeping Services for Freelancers

This service only provides income tax return filing and unlimited tax advice. QuickBooks’ score could’ve been higher in this criterion if it offered sales tax return filing and CFO services. Activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below. After you sign up, you’ll provide QuickBooks with information about your business, and within a few minutes, you’ll be matched with a bookkeeper who has expertise in your industry. In addition to having a dedicated professional, you’ll have access to an extended bookkeeping team if you have any questions. Pricing for the Full-Service Bookkeeping varies from $300 to $700 per month after a custom cleanup fee is charged for the first month.