The Plus plan is targeted at larger businesses and it has a custom rate. What we like about Merritt is that it offers the most affordable bookkeeping services, along with a 90-day money-back guarantee. What we don’t like is that there is no option to purchase additional services (tax, CFO). Virtual, outsourced, and online are often used interchangeably when referring to bookkeeping and accounting. However, a virtual bookkeeper or virtual accountant can sometimes refer to accountants or CPAs who work out of their homes and contract out their services individually. In contrast, outsourced bookkeeping and accounting nearly always refers to accountants with an accounting firm who handle your books from their own office.

• We’ll create a QuickBooks file for you and bring it up-to-date for $140/mth (25% discount) for each month you are behind.
• You have to enter more information about your needs to get a quote—which is useful if you want truly customized services but unhelpful if you’d rather choose a basic plan out of a lineup.
• Our partners cannot pay us to guarantee favorable reviews of their products or services.
• You’ll need to get in touch with an inDinero rep for a price estimate.
• Our reviewsare in no way influenced by the companies mentioned.

Bookkeeping services can be paired with various other options, including tax filings, catch-up accounting, or fractional CFO offerings. Bookkeeper360 stands out among some of its competitors by offering bookkeeping services for both cash basis and accrual basis accounting, plus it integrates with popular accounting software. The company offers a range of plans based on which accounting method you use and how often you wish to receive reports and updates. KPMG Spark provides online accounting services for small business companies. The company uses its own  online accounting software and pairs business owners with online bookkeepers. Xendoo does your business’ bookkeeping every week, and you can access financial reports via the customer portal.

When will my books be updated each month?

Yes, virtual and outsourced bookkeeping is just as legitimate as in-house bookkeeping and accounting. However, as with any in-person accounting professionals you’d trust with your financial data, you should always verify a bookkeeping firm’s credentials before committing to a monthly plan. The virtual bookkeeping providers above might be our favorite—but if they don’t merritt bookkeeping reviews quite fit your needs, we understand completely. Here are three other online accounting service providers worth looking at. QuickBooks Live is our most recommended online bookkeeping service for QuickBooks Online users. Moreover, if you’re unsatisfied with your QuickBooks Live bookkeeper’s work, you can ask QuickBooks to review the bookkeeper’s work for free.

• Bookkeeper360 stands out among some of its competitors by offering bookkeeping services for both cash basis and accrual basis accounting, plus it integrates with popular accounting software.
• Besides that, Bookkeeper360 offers an exclusive KPI analytics app that uses your accounting data to provide insights about your business’ performance.
• We research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources.
• Step 3 – You review and adjust your reports using a simple web interface we custom built, so you don’t have to use QuickBooks.
• QuickBooks Online has three plans, each tailored to the needs of different-sized businesses.
• It also offers an audit defense service in the event of an IRS audit of your business.
• If you use accrual-basis accounting, you’ll need the Growth plan, which starts at $990 a month.

When you sign up, a Merritt employee will assist you with setting up your bank and merchant accounts. Along with offering the typical outsourced bookkeeping services, AccountingDepartment.com provides outsourced controller services. An online accountant or bookkeeper provides accounting or bookkeeping services online. The most important bookkeeping services are reconciling bank accounts and preparing financial statements.

Merritt Bookkeeping Pricing

We chose Bookkeeper360 because of its outstanding bookkeeping service coupled with its KPI analytics app. The app works with QuickBooks, Xero, and Gusto, which pulls data from these platforms and reports it in its KPI dashboards. The dashboards will show users relevant graphs and figures, making it an on-the-spot reporting tool for managers who want real-time figures.

Customizing your plan and scaling up the features will increase your monthly costs. If it turns out that you need extra help (and would like to continue doing business with inDinero), you can get a full package from the same company. The prices listed above apply if you are paying on a month-to-month basis. The company can also lend you a fractional CFO for your business for $1,500 a month and provide tax guidance to help maximize your savings, which will cost you an extra $1,200 a year. They’ll realign your numbers so you don’t pay your personal in addition to corporation tax, which many business owners unknowingly do.

What Are Online Bookkeeping Services?

Yet, when it comes to business finances, it is better to go with a quality service, rather than pinch pennies.