The two additional Bookkeeper360 plans, “Monthly” and “Weekly” will offer more hands-on support. If you’re looking for an online bookkeeping service that can help you with the entirety of your business financial operations, Bookkeeper360 can do just that. In addition to its core bookkeeping and accounting services, Bookkeeper360 offers six other solution types, from taxes to human resources. Plus, with Bookkeeper360’s custom plans, you can pick and choose which services you want and receive a solution that will truly accommodate your specific business.

• The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing.
• Bookkeeper360 assigns US-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date.
• The Bookkeeper360 app can also provide cash management insights using illustrative charts.
• You can also use the Bookkeeper360 App without bookkeeping services for $19.99 per month.

Director of People and Culture

The CFO will help in determining and evaluating key performance indicators, performing profitability analysis, developing a growth strategy, and optimizing cash flow. If you’re planning to expand your business but need additional capital, the CFO will help you forecast the business’s financials, craft business plans, and determine the optimal capital structure. The Bookkeeper360 app can also provide cash management insights using illustrative charts. The charts will show your cash inflows and outflows for the past 12 months, past 24 months, last calendar year, last two calendar years, and last three calendar years.

With a CFO, you can optimize your business, minimize costs, and maximize profits through effective planning, organizing, and monitoring. 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. Managing cash flow is an essential element of running a successful service-based business. You may be forced to wait up to 90 days for payment from customers, but still need to pay your employees in the interim.

Humans powered by technology enabling your success

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• You can also reach out to your dedicated adviser through the “Tasks” section, which eliminates the need to email your bookkeeper if you have questions.
• On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR.
• Learn more about how our personalized bookkeeping, tax, and advisory solutions can help your business.
• You can also check your working capital and debt-to-equity ratio to measure your business’s short-term and overall liquidity.

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. Bookkeeper360 is a financial technology solution that helps businesses manage their finances. For cash-basis accounting, pricing starts at $399 per month for companies with up to $20,000 in monthly expenses. For accrual-basis accounting, prices start at $549 per month for companies with up to $20,000 in monthly expenses. You can also use the Bookkeeper360 App without bookkeeping services for $19.99 per month. The Bookkeeper360 pricing scheme isn’t as affordable as many of its competitors and isn’t transparent—even though starting prices for each service are listed online, it is largely quote-based.

Accurately track and record expenses

Bookkeeper360 is working on its own application, 360app, that will allow you to manage all of your Bookkeeper360 services, from accounting to financial planning, in one place. This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages. It is critical for service-based businesses to accurately track and record expenses in order to maintain efficient cash flow. Bookkeeper360 helps you understand where your money is going, identify potential areas of savings, keep an eye on spending trends, and plan for future expenses. Accurate records also ensure you pay only what you owe in taxes — and nothing more. And if you need funding, having up-to-date records makes it easy for you to clear due diligence with lenders.

Onboarding Manager

Bookkeeper360 assigns US-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date. If you need help, you can contact them via phone or live chat and set up unlimited meetings. They will also grant you access to their screen so that you can view your books.

You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. Sign up to receive more well-researched accounting articles and topics in your inbox, personalized for you. We believe everyone should be able to make financial decisions with confidence. The cash runway, also called cash burn rate, shows the estimated number of months until cash runs out. In the example above, the cash burn rate is 13 months, assuming the average monthly cash outflow remains the same. The Fit Small Business editorial policy is rooted in the company’s mission, which is to deliver the best answers to people’s questions.

Accounting system requirements

Bookkeeping.com is a great Bookkeeper360 alternative if you already use QuickBooks and prefer pricing based on transactions. Plus, with a similar setup process to Bookkeeper360, you have the opportunity to talk directly to the Bookkeeping.com team to learn more about its offerings and find out if its service will work well for you. Additionally, Bookkeeper360 offers custom app integrations based on specific project and business needs.

If you want to be successful as a service-based business, you need to know the profitability of your projects. You’ll gain insight into which services generate the most revenue and how effective your team is at managing costs. You’ll better allocate resources and make more informed decisions when selecting and quoting future projects. Good project profitability tracking also helps build trust with clients by providing clarity around pricing and demonstrating a commitment to delivering quality work that is cost-effective. And most importantly, Bookkeeper360’s project profitability tracking helps you maximize your profits. Under cash-basis accounting, revenues and expenses are recorded when cash is paid or received.

Our US-based team utilizes technology to manage your accounting with a personalized touch. It’s no surprise messy or inaccurate books can be a recipe for disaster in your business. However, many business owners fall into the trap of inadequate bookkeeping either due to a perceived elevated cost or because they want to handle it themselves. Our US-based team leverages technology to take care of your accounting with a personalized touch at an affordable price. Moreover, it integrates with two of our best small business accounting software, QuickBooks Online and Xero. On the whole, Bookkeeper360 is a good solution for startup and growing companies.

Bookkeeper360 offers tax services that include individual or business preparation and filings, sales and local 1099s reporting, as well as overall tax planning and compliance. With the first plan, called the “Support” plan, you continue to manage your own bookkeeping with some assistance from the Bookkeeper360 advisors. In essence, Bookkeeper360 will help you set up your accounting system, provide training and checkups and offer two hours per month of support, but you will manage your day-to-day bookkeeping tasks yourself. The specific bookkeeping features you receive with Bookkeeper360’s service will depend on the plan you develop.

Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems. Although these are both great accounting solutions used by numerous business owners, this is a problem if you use another system. If you use a solution like Freshbooks or Wave and want to keep that software, you’ll have to search for another bookkeeping service. We evaluated Bookkeeper360 based on bookkeeping services, personal bookkeeper, user reviews, tax and consulting services, and pricing. Aside from tax, Bookkeeper360’s team will work with you to analyze your financials and determine a strategy to manage and grow your business through the CFO advisory program.

Our commitment to excellence and client success has earned us independent recognition as one of the top online bookkeeping solutions by publications such as NerdWallet, Forbes, and Entrepreneur Magazine. Danielle Bauter has 25 years of experience as a Full-Charge Bookkeeper bookkeeper 360 and has owned her own bookkeeping and payroll service for over two decades, working with various accounting software. As an entrepreneur myself, I am dedicated to researching the software and services that will streamline accounting processes, ultimately saving time and money.

That includes determining the frequency of the service and deciding whether you require services in addition to bookkeeping, such as payroll and HR or tax filing. Then, you’ll connect Bookkeeper360 to your accounting system—either QuickBooks or Xero—and work online collaboratively with your bookkeeper to manage your finances. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. With Bench, you not only receive online bookkeeping services but access to its proprietary bookkeeping software as well.

This Bookkeeper360 review discusses features and pricing to help you determine if this is the right service for you. That is why our accountants and CPAs are 100% US-based, W-2 employees of our company, and paired with you, so that you have a personal, 1 to 1 relationship for your accounting and finances. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. It can update your books even if they’re way behind, but you have to tell your dedicated bookkeeper during the first meeting so that they know where to start.