Michelle has over 20 years of experience in small business operations and management with a strong background in start-up organizations. She has been fortunate to be involved in every aspect of running a small business. She understands the challenges small business owners face and able to use this knowledge to help them succeed by managing their administrative and operational tasks.

Reputable bookkeeping companies in America are always upfront and transparent about the prices they charge. If the rates aren’t clearly displayed on the company website, representatives from the firm should be willing to share them over the phone or via email. While the rates charged by accounting companies depend on the exact services they offer, a reputable service will be willing to give you some approximate rates. Working with a reputable virtual bookkeeping service can help you know your numbers and make sound business decisions. C3Workplace helps you save time, dollars, and stress, and avoid missed opportunities.

Best for Unlimited Support

The company provides its services to both accrual and cash-based businesses. As with many other services, KPMG Spark’s solutions for accrual businesses are much more expensive than those for cash-based ones. However, the company offers practically all imaginable bookkeeping services, which partially makes up for its slightly higher prices. The third option on the list of Pilot’s online business bookkeeping services is the Plus plan.

The next tier, Corporation, starts at $225 per month and includes everything from the Business plan while adding personal and business tax preparation. Overall, virtual booking and accounting services are a great choice for many types of businesses of all sizes. A virtual bookkeeping assistant can provide assistance, best virtual bookkeeping services expertise, and sound advice on managing your business finances better. Each company on this list has something worthwhile to offer, depending on your needs. The variety and depth of the services offered by virtual bookkeeping firms vary. However, it’s important to note that they do not provide tax filing services.

How much does a virtual bookkeeper cost?

Some bookkeeping services charge a monthly fee while others charge by the hour. You can find services for as little as $20 per month while others run thousands per month. For the best of all worlds, Maxim Liberty is a great choice for small and medium-sized businesses in the US.

If a firm only offers a package that includes services you don’t need, you may pay more than you should at this stage in your business. Since its founding in 2009, inDinero has been perfecting its offering of an all-in-one accounting service for small businesses. In addition to one of the widest arrays of services, inDinero offers clients access to a team of staff accountants and financial experts, just a click or call away with its easy-to-use dashboard or mobile app. InDinero checks all the boxes, making it our choice as the best overall accounting firm for small businesses. As an insider in the cloud accounting world, I can tell you that many virtual bookkeeping services don’t follow the best practices that have been listed above.

Bookkeeper360: Best for hourly bookkeeping

Even if the virtual accounting help you find isn’t specialized in your industry, that doesn’t mean that they don’t have valuable insight. One of the advantages of using outsourced accounting services is that they have been a part of keeping many businesses above water. They have seen what has worked and what has not and will be able to give you advice that an in-house accountant would not be qualified to. Let’s look at some of the advantages and disadvantages of using virtual bookkeeping and accounting services. Plenty of small-business owners enlist the help of a qualified bookkeeper to manage their finances. These trained individuals can focus solely on the business’s accounting aspects.

When it comes to the money part of it, as we already discussed, a virtual bookkeeper is significantly more affordable than a full-time employee. For example, an in-house bookkeeper will cost you close to $50,000 a year, while a virtual bookkeeper from Wishup would only cost you $20,000 yearly. To hire a bookkeeping assistant, you will have to get on a call with their customer team and explain your needs and requirements. The team will pair you with a virtual assistant whose skills match your demands. There is also a full-time customer success consultant to oversee the contract and ensure no mishaps occur.

Pro – Quality of Service

Bookkeeping services come as a part of the highest tier of services, so let’s build up to that. Another way bookkeepers calculate prices is by offering fixed monthly prices but with limits on the number and frequency of services. Online accounting services use the best tools to keep track of your finances. They hire accounting professionals who are trained to use these programs to give you the clearest understanding of how money is moving through your business.

The Bureau of Labor Statistics reported that bookkeepers overall earned a median annual salary of ​$45,560​, or ​$21.90​ per hour, as of 2021. If the bookkeeper is working as an independent contractor, she will invoice the business for the services performed and the client will remit payment in accordance to its contractor payment policy. Financial Post indicated in 2020 that virtual bookkeeper salary for skilled independent contractors was around ​$60​ per hour. For first-timers on a very tight budget, Sunrise is a good option during the early months of trading. It offers a user-friendly interface, easy-to-use invoicing tools, a cash flow page, and various billing and invoicing options.

Bench

This automated service prides itself on offering maximum capacity for the lowest resource consumption. Botkeeper is very popular among bookkeepers and accounting firms, as its various automated systems take the hard work out of administrative tasks, reporting, and a wide range of essential accounting duties. Again, there are no pre-made plans or packaged virtual bookkeeping services.

• And while you might have ample experience in entrepreneurship, unless you’ve studied accounting professionally, managing your bookkeeping be beyond your skill set.
• For over 18 years, she was the VP of Operations and Accounting for the Weichert Insurance Agency in Morris Plains.
• The compensation we receive from advertisers does not influence the recommendations or advice our editorial team
  provides in our articles or otherwise impact any of the editorial content on Entrepreneur Guide.
• The team at Outsource-Bookkeeper.com has been incredibly helpful in organizing our finances and keeping us on track.
• Each plan comes with a finance expert, automated transaction imports, P&L, balance sheet and cash flow statements.