7 Top Bookkeeping Services for Small Businesses: Find the Best Bookkeepers

7 top bookkeeping services for small businesses

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Here are the 7 Top Bookkeeping Services for Small Businesses to help you Find the Best Bookkeepers.

As you know, Bookkeeping and accounting are important for any business.

Bookkeeping can be defined as “the systematic recording, reporting, and analysis of financial transactions of a business.”

There are a variety of bookkeeping and accounting services available to small businesses.

The best bookkeepers will have experience in your industry and will be able to provide tailored services to meet your specific needs.

When choosing a bookkeeper or accounting firm, it is important to consider your budget, your desired level of service, and the size of your business.

Here are seven top bookkeeping and accounting services for small businesses:

7 Top Bookkeeping Services for Small Businesses: Find the Best Bookkeepers

Xero

If you’re looking for online bookkeeping services that can save you time and money, Xero is a great option to consider as one of the best online bookkeeping services.

Xero offers bookkeeping and accounting services that are designed to be easy to use and affordable.

With Xero, you can manage your finances online, and the service includes features that make it easy to track your income and expenses.

In addition, Xero provides support and training resources to help you get the most out of the service.

Whether you’re a small business owner or a freelancer, bookkeeping with Xero can help you save time and money.

Pros and Cons

When it comes to accounting software, there are a lot of options on the market.

Xero is one of the most popular choices, especially for small businesses.

But what are the pros and cons of using Xero?

One of the biggest advantages of Xero is that it offers accrual accounting.

This means that all your financial transactions are recorded as they occur, regardless of when the money changes hands.

This provides a more accurate picture of your financial situation and makes it easier to prepare accurate financial reports.

Another advantage of Xero is that it’s cloud-based, so you can access it from anywhere.

This is particularly handy if you have multiple employees who need to be able to view and update financial information. 

However, there are also some disadvantages to using Xero.

One downside is that it can be more expensive than other accounting software options.

Another potential issue is that it can be difficult to import data from other accounting systems into Xero. 

Overall, Xero is a great accounting software option for small businesses.

It offers a lot of features and benefits, but there are also some potential downsides to consider before making a decision.

Xero pricing

There are several things to consider when determining Xero pricing.

The first is the number of users that will be accessing the system.

The second is the level of support that you need. And the third is the length of time for which you need access.

Xero offers four different pricing plans: Basic, Standard, Premium, and Enterprise.

The Basic plan:

Starts at $9 per month and includes up to 5 users.

The Standard plan:

Starts at $30 per month and includes up to 10 users.

The Premium plan:

Starts at $60 per month and includes up to 20 users.

And the Enterprise plan is customized based on your specific needs.

So, when considering Xero pricing, be sure to take into account the number of users, the level of support you need, and the length of time for which you need access.

QuickBooks Online

QuickBooks bookkeeping is an online bookkeeping and accounting service.

The online bookkeeping services for small businesses provided by QuickBooks bookkeeping are used to manage and monitor the financial records of businesses.

QuickBooks bookkeeping provides bookkeeping services to businesses of all sizes and industries and that’s why it is one of the best online bookkeeping services.

QuickBooks bookkeeping offers a variety of online bookkeeping services, including bookkeeping, payroll, and tax preparation.

Variety of features

QuickBooks bookkeeping service also offers several other accounting services, such as financial statement analysis and auditing.

In addition, the QuickBooks bookkeeping service provides several tools and resources for businesses to use to manage their finances.

QuickBooks bookkeeping services for small business offers a variety of features and benefits for businesses, making it an essential part of any business’s accounting and bookkeeping needs.

Pros and Cons

It offers a wide range of features and integrations that can be tailored to suit the needs of any business.

However, QuickBooks is not without its drawbacks.

One of the main cons is that it can be expensive to subscribe to all of the features that QuickBooks offers.

Additionally, QuickBooks is geared towards accrual accounting, which may not be ideal for every business.

Finally, QuickBooks does not offer as many financial reports as some other accounting software programs.

Nevertheless, QuickBooks remains a popular accounting software program due to its ease of use and comprehensive feature set.

QuickBooks Online pricing

The cheapest plan, Simple Start, is $25 per month and includes basic invoicing and accounting features.

The next step up is the Essentials plan, which costs $40 per month and includes additional features like time tracking and bill payment.

The third tier is the Plus plan, which costs $70 per month and includes advanced reporting and forecasting tools.

Finally, the self-employed plan costs $15 per month and is designed for freelancers and independent contractors.

Pilot Bookkeeping

Pilot bookkeeping is one of the best online bookkeeping services that offer bookkeeping services to small businesses, entrepreneurs, and busy professionals.

They understand that bookkeeping can be a time-consuming and daunting task, so they offer their clients bookkeeping services that are tailored to their individual needs.

They provide their clients with virtual bookkeeping services that are accurate, efficient, and reliable.

Online bookkeeping service includes bookkeeping for small businesses, bookkeeping for entrepreneurs, bookkeeping for busy professionals, and bookkeeping for online businesses.

They also offer bookkeeping and accounting services for startups, high-growth businesses, and publicly traded companies.

All the bookkeepers are certified public accountants (CPAs), chartered professional accountants (CPAs), and certified management accountants (CMAs).

Pros and Cons

The software offers a variety of features, including accrual accounting, financial reports, and invoicing.

While the software can be helpful for small businesses, there are also some drawbacks to using Pilot Bookkeeping software.

One potential downside is that the software does not offer double-entry accounting.

This means that businesses will need to use another accounting software to track their transactions accurately.

Additionally, the software can be expensive, especially for businesses that need to purchase multiple licenses.

Overall, Pilot Bookkeeping software can be a helpful tool for small businesses, but it is important to weigh the pros and cons before deciding whether or not to use the software.

Pilot Bookkeeping Pricing

Our Starter Plan is perfect for small businesses that process up to 50 transactions per month.

For businesses that process between 51 and 200 transactions per month, we recommend our Growth plan.

And for businesses that process more than 200 transactions per month, we suggest our Enterprise plan.

Bench Accounting

Bench Accounting is one of the best online bookkeeping services.

Bench offers bookkeeping services that save you time and help you grow your business.

With their online bookkeeping services, you can keep track of your finances from anywhere in the world.

They also offer a wide range of bookkeeping services, including bookkeeping for small businesses, bookkeeping for nonprofits, and bookkeeping for startups.

They are here to help you grow your business and take the stress out of bookkeeping.

Pros and Cons

There are several accounting software programs on the market, each with its unique features and benefits.

Bench accounting software is one option that businesses may want to consider.

This program offers cash basis accounting, which can be advantageous for businesses that have a lot of cash transactions.

In addition, Bench provides payroll services, which can be helpful for businesses that don’t have the time or resources to handle payroll internally.

However, there is some potential downside to using Bench accounting software.

One is that it’s a cloud-based program, which means businesses need to have a reliable internet connection to use it.

In addition, some users have found the user interface to be somewhat confusing and difficult to navigate.

As with any accounting software program, it’s important to weigh the pros and cons before making a decision.

Bench Accounting Pricing

Pricing for Bench Accounting starts at $39 per month, making it an affordable option for small businesses.

There is also a discount available for annual plans.

Overall, Bench Accounting is a great value for the price and offers everything that small businesses need to manage their finances.

Paro.io

Paro.io is a bookkeeping service that helps businesses maintain accurate records of their finances.

Paro offers a variety of bookkeeping services, including online bookkeeping, bookkeeping for small businesses, and bookkeeping for startups.

Save businesses time and money

Paro’s bookkeeping services are designed to save businesses time and money by keeping track of their finances efficiently and accurately.

In addition to bookkeeping services, Paro also offers a variety of other business services, such as business consulting, business coaching, and business planning.

Paro’s bookkeeping services are the perfect solution for businesses that need assistance with bookkeeping but do not have the time or resources to do it themselves.

With Paro’s bookkeeping services, businesses can focus on what they do best and leave the bookkeeping to us.

Pros and Cons

The software is designed to be easy to use, and it offers a variety of features that can help businesses stay on top of their finances.

However, there are some potential drawbacks to using Paro.io.

For one thing, the software is subscription-based, which means businesses will need to pay a monthly fee to keep using it.

Additionally, Paro.io only works with small businesses; it does not offer features for larger businesses or organizations.

Overall, Paro.io can be a helpful tool for small businesses that need assistance managing their finances, but it may not be ideal for all businesses.

Paro.io Pricing

Our basic plan starts at just $5 per month and includes support for up to 5 users.

For businesses that need more features, we have a pro plan that starts at $10 per month and includes support for up to 10 users.

Our enterprise plan is our most comprehensive option and starts at $20 per month.

1-800 Accountant

1-800 Accountant is an online bookkeeping service that offers some of the best online bookkeeping services.

The service was founded in 2004 by two accounting professors, and it has since grown to become one of the largest online bookkeeping services in the world.

Variety of bookkeeping services

1-800 Accountants offers a variety of bookkeeping services, including bookkeeping for small businesses, bookkeeping for nonprofits, bookkeeping for individuals, and bookkeeping for tax preparation.

The company also offers a variety of other accounting services, such as audit defense, tax preparation, financial reports, and financial planning.

1-800 Accountant is headquartered in New York City, and it has offices in Los Angeles, San Francisco, Boston, Chicago, and Dallas.

Pros and Cons

The software is easy to use and can help businesses keep track of their financial statements and reports.

However, there are some downsides to using 1-800 Accountants.

One downside is that the software can be expensive to purchase and maintain.

Additionally, the software may not be compatible with all types of financial reports.

Finally, 1-800 Accountants may not offer the same level of customer support as some other accounting software programs.

Overall, 1-800 Accountant is a good accounting software program that can be helpful for small businesses.

However, it is important to weigh the pros and cons of using 1-800 Accountants before making a decision.

1-800 Accountant Pricing

1-800 Accountant’s prices are very competitive.

They offer a variety of accounting services, including bookkeeping, taxes, and payroll services.

They also have a money-back guarantee if you’re not satisfied with their service.

You can get a free quote on their website or by calling 1-800-ACCOUNTANT.

inDinero

inDinero is a bookkeeping services company that offers online bookkeeping services.

inDinero’s online bookkeeping service is designed to help small businesses and startups manage their finances.

The company offers a variety of basic bookkeeping services, including Accounts Receivable bookkeeping, Accounts Payable bookkeeping, and General Ledger bookkeeping.

inDinero also offers a variety of other financial services, such as payroll processing and tax preparation.

inDinero’s online bookkeeping service is available to businesses of all sizes.

The company has a team of bookkeepers who are available to help businesses with their bookkeeping needs.

inDinero’s bookkeepers are certified public accountants and have experience in a variety of bookkeeping software programs.

inDinero’s bookkeepers are also familiar with QuickBooks, the most popular bookkeeping software program.

inDinero offers a free trial of its bookkeeping services so that businesses can try out the service before they commit to using it.

inDinero’s bookkeeping services are backed by a 100% satisfaction guarantee.

This means that if a business is not satisfied with the service, they can get their money back.

Pros and Cons

While inDinero can be a helpful tool for small businesses, there are also some potential drawbacks to using the software.

One downside is that inDinero can be expensive to use, especially if you need to purchase additional features or services.

Additionally, inDinero may not be compatible with all financial software platforms, which could limit its usefulness for some users.

Overall, inDinero is financial software that offers a variety of features and benefits, but it also has some potential drawbacks that should be considered before using the software.

inDinero Pricing

Our Basic plan is perfect for small businesses that need basic accounting and bookkeeping services.

Our Standard plan is ideal for businesses that require more robust accounting features, such as inventory tracking and financial reporting.

And our Premium plan is perfect for large businesses that need all of the features of our Standard plan, plus additional support from our team of certified public accountants.

How to find a bookkeeper

Many small business owners wear many hats, and one of those is usually a bookkeeper.

Fortunately, some dedicated bookkeepers can take on this essential role, freeing up the owner to focus on other aspects of the business.

Virtual bookkeeping is a great option for small businesses, as it allows the owner to outsource this function without incurring the overhead costs of a full-time employee.

When looking for a dedicated bookkeeper, it is important to find someone with experience in small businesses.

This way, they will be able to understand the unique challenges and needs of your business.

Additionally, make sure the person you hire is highly accurate and precise, as bookkeeping requires a high degree of accuracy.  

With a little bit of effort, you can find the perfect bookkeeper for your business.

Bookkeepers skills

A bookkeeper is responsible for maintaining financial records and ensuring that all financial transactions are properly documented.

A dedicated bookkeeper must be highly organized and detail-oriented, with a strong understanding of financial accounting principles.

In addition to keeping accurate financial records, bookkeepers also prepare monthly financial reports, and monthly expenses, reconcile bank statements, and provide other support services as needed.

Many bookkeepers also offer tax preparation and other tax services.

As a result, bookkeepers play an important role in helping businesses stay organized and compliant with financial regulations.

To be successful in this field, individuals must possess strong analytical and problem-solving skills.

They must also be able to work independently and meet deadlines.

Bookkeepers who have these skills and qualities are in high demand and can expect to enjoy stable careers in the financial industry.

Financial statements

Financial statements and reports are essential for any small business owner.

They provide an overview of the financial health of the business and can be used to make important decisions about where to allocate resources.

Bookkeeping is the process of recording financial transactions and preparing financial statements.

This can be a complex and time-consuming task, but it is essential for accurate financial reporting.

An experienced bookkeeper can help to ensure that financial statements are accurate and complete, making it easier for small business owners to make informed decisions about their finances.

Taxes

There is 3 main tax topic you should acknowledge.

The first one is tax planning, witch is the process of reducing tax liability by making choices about how to conduct business activities.

the second one is tax services, which are professional services that help businesses save money on taxes. small businesses need tax prep to stay compliant with tax law.

And finally, tax prep. it can be done by a certified public accountant (CPA), an enrolled agent (EA), or a tax attorney. a tax attorney is a lawyer who specializes in tax law.

CPAs and EAs

CPAs and EAs are both tax professionals who can prepare tax returns and provide tax planning advice.

However, only CPAs are licensed to provide auditing services. only tax attorneys can represent taxpayers in court. 

tax planning involves making choices about how to conduct business activities to reduce tax liability.

Common strategies include a choice of business entity, choice of accounting method, and selection of deductible expenses.

Businesses can also reduce their tax liability by taking advantage of tax credits and claiming depreciation deductions. 

Tax services are professional services that help businesses save money on taxes.

Services can be provided by CPAs, EAs, or tax attorneys.

CPAs and EAs are both tax professionals who can prepare tax returns and provide tax planning advice.

Tax attorneys can also provide legal representation in court if taxpayers are audited or have other

Expenses

Keeping on top of your monthly expenses can be a challenge, especially if you run a business.

Payroll services, for example, can take up a significant chunk of your cash flow.

And if you’re using cash basis accounting, tracking expenses can be even more difficult.

However, there are some simple steps you can take to get a handle on your monthly bookkeeping expenses.

Regular expenses

First, make a list of all the regular expenses you have, such as rent, utilities, and payroll.

Monthly basis

Then, track these expenses every month.

This will give you a good idea of where your money is going and how much you need to budget for bookkeeping each month.

One-time expenses

Finally, don’t forget to factor in one-time expenses, such as software upgrades or new office furniture.

By taking these steps, you can develop a realistic and effective plan for managing your monthly bookkeeping expenses.

Bookkeepers charge

Most bookkeepers will charge by the hour, although some may charge a flat rate per month.

The average hourly rate for a bookkeeper is $30-$40, although rates can vary depending on experience and location.

Many bookkeepers also offer discounts for bulk work, so it’s always worth asking about this when getting quotes.

When hiring a bookkeeper, be sure to ask about their experience and qualifications, as well as what type of software they are familiar with.

Also, ask for a sample of their work to get an idea of their style and level of detail.

Finally, be sure to agree on a price before starting any work, so that there are no surprises later on.

By following these tips, you can be sure to find a qualified and affordable bookkeeper who meets your needs.

Jordan Salas
Jordan Salas

Jordan is an experienced CPA and an author & editor at Financopedia. Over the past 12 years, he has written tax and financial content for leading brands. His writing has been featured in Forbes, The Los Angeles Times, Walstreet journal, and more. Jordan enjoys watching old movies and hiking in his free time.