Bookkeeper360: Xero Accounting & Bookkeeping Solution

Xero does not offer a mobile app, so Bookkeeper360 users should choose QuickBooks Online as their software if they want mobile accounting. 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. The three subscription plans for core bookkeeping services are listed below.

On the whole, Bookkeeper360 is a good solution for startup and growing companies. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. Trends show you business revenues, direct costs, and operating expenses along its composition. This section of Bookkeeper360 can provide you with insights regarding composition of revenues and cost behavior.

Bookkeeper360 Review: Features, Pricing & Alternatives 2024

You can schedule phone meetings every month to review financial reports, and your bookkeeper will grant you access to their screen so that you can view your books. Bookkeeper360 customers who use Xero also have access to a mobile app that provides valuable financial data related to business performance, cash management, and payroll analytics. On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR. Pilot offers bookkeeping services for all businesses, but we recommend them highly for startups.

You can use this chart to analyze the behavior of your business’ operating expenses. It isn’t in all cases that operating expenses are fixed and the chart from bookkeeper360 can reveal fluctuations in expenses. For example, there is a significant increase in Other Expenses in March 2022 and Advertising Expenses in April 2022.

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With the Weekly plan, you’ll receive a dedicated accountant who will perform your bookkeeping on a weekly basis. This plan will also include cash and accrual basis accounting and reporting, as well as invoice and expense management, technology consulting, monthly financial reviews and weekly catchup calls. QuickBooks Live is our top pick for online bookkeeping services because it offers cleanup bookkeeping services that vary based on your company’s needs for your first month. This service is ideal for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it themselves.

Also, reviewers commented that they wished that QuickBooks Live offered a free trial so that they could try the service before committing. 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. Bookkeeper360, founded in 2012, is a financial technology firm that offers accounting and cloud-based bookkeeping and business advisory services. As a Xero Platinum partner, Bookkeeper360 provides seamless integration with Xero’s cloud-based accounting software. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench.

QuickBooks Live: Best for QuickBooks users

We picked 1-800Accountant because it offers bookkeeping and tax services, which include tax planning. It is the only provider in this guide that offers full tax services that aren’t a separate plan from its bookkeeping service. If you want to stay on top of taxes while having a good set of books, 1-800Accountant’s Enterprise plan is a good value for money. Moreover, getting the Enterprise plan gives its users priority support and monthly financial statements.

Perhaps one of the most helpful ways to judge a provider is by reading its customer reviews. One of the notable benefits of Bookkeeper360 is that almost all of its reviews online are extremely positive. After setting up your accounting system, you’ll be able to use the Bookkeeper360 cloud-based platform to communicate and work with your bookkeeper or accountant. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Once you enroll in QuickBooks Live, you’ll be assigned a dedicated bookkeeper who will meet with you to learn more about your business. You’ll also be given access to the QuickBooks Live Hub, a secure portal that lets you check on your bookkeeper’s progress and schedule meetings. You’ll be able to view a step-by-step task list, which gives real-time updates on action items. Both QuickBooks Live and Bookkeeper360 received mostly positive reviews, but Bookkeeper360’s average score is one of the highest we’ve seen for a bookkeeping service at a 4.8 out of 5. Overall, QuickBooks Live’s more limited menu of services available gave Bookkeeper360 the edge in this category. In cost and management accounting, operating expenses are mostly fixed costs and this cost behavior is evident in the sample chart above.

• Like Bookkeeper360, QuickBooks Live varies its subscription price depending on the amount of monthly expenses.
• 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.
• First-time clients will first go through one month of cleanup before starting with QuickBooks Live.
• The three CFO Advisory plans are called “Advisory,” “Coaching” and “Inventory.” The Advisory plan includes services such as KPI reporting, profitability improvements and basic operational processes.
• If you choose to integrate Bookkeeper360 with Xero instead of QuickBooks, you’ll have access to Xero integrations, which are far fewer than QuickBooks.