We are committed to providing you with an unbiased, thorough, and comprehensive evaluation to help you find the right accounting software for your business. We meticulously and objectively assess each software based on a fixed set of criteria—including pricing, features, ease of use, and customer support—in our internal case study. Our Plus plan includes access to a dedicated accountant and starts at $175 per month. Our Premium plan also includes a dedicated accountant and starts at $299 per month. During your consultation, we’ll help you find the right plan to save you time and money. Although, many platforms allow users to create their own custom financial reports to fit their unique needs.

Xero: Best multi-user software

Typically, you’d only get detailed financial statements like this through a CFO — which means Merritt gives you some of the best aspects of having a CFO without the high cost. For a small business that needs help with bookkeeping and expense entry, QuickBooks Live Bookkeeping is a great resource to get the work done for a low monthly fee. Using the QuickBooks Live service is often cheaper than hiring an independent bookkeeper who will likely charge you hourly, which makes budgeting the expense a chore as it probably will change monthly.

Types of virtual bookkeepers

When testing Wave, our favorite features included its invoice management features, payment reminders and payroll add-on. Our favorite features in our test of Xero included its tools for bill pay management, its customizable dashboard and its bookkeeping features. The best accounting software makes managing your books easy, with precision accuracy and efficient automation. QuickBooks is by far the most popular and best small business accounting software in the US. However, there are some less expensive alternatives to QuickBooks you may consider, such as Wave and FreshBooks. QuickBooks dominates the market for small business accounting software in the US with a market share of 81%.

Get expert guidance when you need it

Desktop accounting software can go as high as more than $1,000 per month, depending on the number of users included in the plan. The main advantage of upgrading to the Pro tier is that it supports unlimited users, which can be useful for small businesses or freelancers working with a team. The most important added feature is automatically importing and categorizing your expenses from a bank feed.

• Here’s a summary of what you can anticipate when you hire our accounting, bookkeeping and budgeting team.
• It means that your virtual bookkeeping service has missed the biggest boat of all when it comes to being a “cloud-based” bookkeeping service.
• From entering transactions to reconciling accounts, we cover it all, leaving you with more time and mindspace to focus on what truly matters- your business.
• Managing your finances is often a challenge for individuals, independent contractors, and business owners.
• You’re limited to one scheduled appointment at a time and appointments have to work within your bookkeeper’s schedule.

Enterprise accounting software can also track invoices throughout the billing cycle and send reminders to ensure customers pay on time. Another key feature of accounting software is built-in payment processing tools, providing the ability to accept credit and debit payments. Enterprise accounting software enables the virtual bookkeeping services automation of invoices, which reduces costs. For example, accounting software helps to reduce costly invoice mistakes and time wasted on manual billing tasks. Financial regulations change rapidly, and trying to keep up with tax regulations as well as everyday accounting tasks can be a challenge for large enterprises.

• After that, you want regular check-ins, maybe monthly or quarterly, where they report on how everything is going.
• An expert can guide you through QBO setup and answer questions based on the information you provide; some bookkeeping services may not be included and determined by the expert.
• This is where Rimberg’s Bookkeeping services can come into the situation and make a major fiscal and time contribution.
• Feel confident about your business and your books with QuickBooks experts by your side to help you succeed.
• If your business is on a tight budget, consider free accounting software.
• Bookkeeper.com offers both income and sales tax return filing and CFO advice, so we recommend checking it out if you’re seeking those features.

Our favorite features that we tested during our review of Zoho Books included its support for 1099 contractors, overall usability and customization options. In our trial of Freshbooks, we were impressed by the breadth of features available. We found the software highly effective for growing businesses that want a tool to scale alongside their company.

For instance, law firms require trust accounting features, which are often not offered in general-purpose bookkeeping solutions, such as the best small business accounting software presented above. With the discontinuance of QuickBooks Pro and Premier for new users after July 31, 2024, Sage is the only remaining major accounting software provider with desktop software targeting small businesses. While QuickBooks Enterprise remains available as a desktop solution, its starting price is nearly triple that of Sage 50—making it unaffordable for many small businesses. We believe that conducting business with clients on the go is easier when you have a powerful mobile app.

Best Online Bookkeeping Services