QuickBooks Live Bookkeeping Review 2024
Connect seamlessly with your current apps to keep your business running smoothly. Banking, payments, invoicing—meet the subscription-free solution to simplify your money. Typical cleanup is complete within 30 days after receiving all necessary documentation. Let a bookkeeper take bookkeeping tasks off your plate, so you can focus on what matters to you.
Andrew Conrad is a senior content writer at Capterra, covering business intelligence, retail, and construction, among other markets. As a seven-time award winner in the Maryland, Delaware, D.C. And Suburban Newspapers of America editorial contests, Andrew’s work has been featured in the Baltimore Sun and PSFK. He lives in Austin with his wife, son, and their rescue dog, Piper. You can’t use QuickBooks Live as a standalone bookkeeping service. You need to be a QuickBooks Online user to use QuickBooks Live.
QuickBooks is the platform most used by professional accountants so if you plan to work with an accountant, they will likely be very familiar with the platform, its features and capabilities. A QuickBooks live bookkeeper is a dedicated bookkeeper provided to your business through the QuickBooks Live subscription. They categorize expenses, reconcile accounts and close your books for you as needed.
Frequently asked questions
Larger businesses with substantial accounting teams may want to consider the QuickBooks Advanced plan. This plan significantly extends the functionality of the other plans by offering features such as a dedicated account team to help, workflow automation, data restoration, batch invoices, and on-demand online training. It covers up to 25 users and provides dedicated customer support and advanced reporting features. The first month of service with QuickBooks Live, which costs $500, is dedicated to onboarding and cleanup of your books.
Large businesses that need access for up to 25 users will probably want to go with QuickBooks Advanced. QuickBooks Live and Ignite Spot Accounting are two competitively priced services, where Decimal is substantially higher in cost for the same services. One thing that we found that separated QuickBooks Live from the competition was its accuracy guarantee. If a mistake is found, it will fix it for no additional cost. Some businesses will appreciate this guarantee that the service stands behind its work. We evaluated QuickBooks Live based on tax and consulting services, personal bookkeeper, user reviews, bookkeeping services, and pricing.
If you need payroll, that is available at an additional cost. When customers no longer have an active, paid subscription, they will not be eligible to receive benefits. Support hours exclude occasional downtime due to system and server maintenance, company events, observed U.S. holidays and events beyond our control.
- QuickBooks Live’s pricing is based on the company’s average monthly expenses and ranges from $200 to $400 a month.
- QuickBooks and Intuit are a technology company, not a bank.
- We believe everyone should be able to make financial decisions with confidence.
And if you need accounts receivable or accounts payable, Bench offers specialized bookkeeping for an additional fee. QuickBooks Plus is the most popular plan for businesses since it includes features https://accountingcoaching.online/ such as inventory tracking, project management and tax support. Midsized businesses with several customers or clients might benefit from the ability to track profitability with QuickBooks Plus.
Business stage
QuickBooks Online is one of the preeminent cloud-based accounting software platforms on the market. With five plans available, including a plan specifically for self-employed individuals and independent contractors, there are several options from which to choose, depending on your needs. In this guide, we’ll break down QuickBooks Online pricing, including plans, key features, and alternative platform costs so you can decide which option is best for you.
After the first month, the ongoing live service is available in three different pricing tiers, depending on your company’s average monthly expenses over a period of three consecutive months. Upon enrollment, you’ll be assigned a dedicated bookkeeper who’ll collaborate with you virtually. Xero is most often used by small to medium-sized businesses (SMBs). Although it has the lowest starting price, at $12 per month, it bank reconciliation can be a little more difficult to navigate than QuickBooks or FreshBooks. Because there is an unlimited number of users that can use the program, you can maximize its use if you have a team of professionals who need access to your accounting software. For Xero’s Early plan ($13), the number of invoices that users can send each month is capped at 20, but for all other Xero plans, users can send unlimited invoices.
Best Accounting and Bookkeeping Apps for Small Businesses
These bookkeepers understand your industry and will collaborate with you to streamline your bookkeeping process. While QuickBooks Online does have its own free mobile app—which allows you to enter transactions, record expenses, invoice customers, and send reports—the app cannot access QuickBooks Live features. Access to the QuickBooks Live Hub is limited to your desktop or laptop computer.
For a small business that needs help with bookkeeping and expense entry, QuickBooks Live Bookkeeping is a great resource to get the work done for a low monthly fee. Using the QuickBooks Live service is often cheaper than hiring an independent bookkeeper who will likely charge you hourly, which makes budgeting the expense a chore as it probably will change monthly. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. Because each plan depends on many factors, we looked at the value provided in terms of the time and potential money that you’re saving by using the service.
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More time each day
Banking services provided by our partner, Green Dot Bank, Member FDIC. Live Bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live Bookkeeper completes the month-end closure. Your bookkeeper can run detailed reports giving you a clear view of your business performance. A member of our support team is ready and available to answer your QuickBooks questions. They helped me catch up on over a year of lackadaisical sloppy data entry.
QuickBooks Live Personal Bookkeeper
If you are a small business or a startup, consider QuickBooks Simple Start. Businesses that provide services, rather than goods, should consider the QuickBooks Essentials plan. Businesses with inventory will likely get the most benefit from QuickBooks Plus.
