Not every online bookkeeping service is the same, and ultimately, what makes sense for each small business will differ. Let’s take a look at the features you should consider when picking what makes the most sense for your venture.
Essential Online Bookkeeping Features
The most essential online bookkeeping features have to do with what you’ll get as part of your plan. Specifically, look out for the following features to see if your bookkeeping services needs will be met.
- Dedicated bookkeeper or accountant: Having a dedicated bookkeeper or accountant who is looking after balancing your company’s books will mean no wires or pieces of the puzzle get crossed. You’ll have a dedicated point of contact for any questions and requests.
- Invoicing and payroll: Two important tools when it comes to a desirable online bookkeeping service. Look for a service that offers one or both of these services as part of your plan—or at least an option to add on.
- Scalability: You want to look for an online bookkeeper that will grow with your business. Find a plan that not only can service startups but also those with higher revenue numbers—and one that will allow you to change your plan to correspond with larger business activities.
Our top pick, QuickBooks Live, is a great option for businesses of all kinds, as it comes with invoicing and payroll (the latter for an additional fee), a dedicated point of contact for your business and the ability to move plans and features.
If you’re looking to give your business strong dedicated support, consider an option such as Ignite Spot Accounting, which not only offers dedicated services, but its highest plan is like bringing a CFO into your business. Pilot, our top pick for startups, also offers the optional CFO service, which is an easy way to keep your financials buttoned up year-round.
Value
Getting the most bang for your buck means that you should be happy with the services you’re getting in return for your monthly—or annual—dues. Online bookkeeping prices vary greatly from service to service. Don’t shy toward or away from any of the cheapest or most expensive options. Instead, look at the features they offer in return.
A service such as QuickBooks Live starts at a relatively low monthly price of $17.50 (for the first three months, then $35), and it comes with great features. For example, you’ll get automated bookkeeping, a 30-day free trial and the option for full-service bookkeeping.
We also like the value that 1-800Accountant provides a full-service bookkeeping option for a reasonable $179 per month. You’ll get features including personalized financial planning, quarterly reviews, and proactive tax planning and advice.
Integrations
Finding an online bookkeeping service that offers strong software integrations will make your accounting easier. Services such as Pilot, Decimal and Bookkeeper360 are compatible with several providers and open up your options.