Bookkeeper360 Review: 2024 Edition

Bookkeeper360 is a cloud-based, online bookkeeping service provider. It could be the perfect fit for every small business struggling with its books. With it, each customer gets a dedicated account manager and a custom-created service strategy. It integrates seamlessly with QuickBooks or Xero and makes business finance as effortless as possible. 

You can also rely on this team to help you with taxes, payroll, even HR and back-office handling. The best part? Pricing is affordable when compared to some alternatives. It also doesn’t require any contracts. If your business situation changes, you can change your chosen Bookkeeper360 service hassle-free.

Bookkeeper360 Overview

Bookkeeper360 quickly became one of the top-rated bookkeeping solutions on the market after its founding in 2012. The CEO and founder, Nick Pasquarosa, used his extensive experience in implementing technology for solving accounting and bookkeeping issues to create an all-in-one bookkeeping solution for SMEs and startups.

The world quickly recognized what his team could bring to the table, too. The firm was ranked as one of the Inc. 5000’s Fastest-Growing Companies three times, and Forbes, Business Insider, Accounting Today, among many others, have all written about it.

Bookkeeper360 is generally a cost-effective solution for bookkeeping and taxes. Its users praise its customer service and bookkeeping team, as both are willing to go the extra mile to ensure their customers are satisfied with the services provided.

The company is also proud to support a good cause. In 2016, it partnered with Canine Companions for Independence (CCI), whose mission is to provide expertly trained assistance dogs to those who need them. The company’s team participates in CCI events each year to support its mission.

Bookkeeper360 Services

Let’s review this company’s services to see what its team can take off your plate:

Bookkeeping

This company hires experienced accountants only, so when you sign up for its bookkeeping services, your business gets a dedicated expert. They will quickly learn all about your business and start crunching the numbers. You can rely on them to get your books up to date and keep them there, advise you on best practices, and help with any other accounting-related matters. In other words, once you hire it, you can rely on Bookkeeper360’s on-demand bookkeeping services for your day-to-day bookkeeping.

CFO Advisory Support

If your business needs CFO advisory services, the company can include them in a custom package. It will ensure you are using the correct software and accurate data for top-notch security and error-proof business financial operations. You can expect your advisor to handle your business and financial plans and create a capital deployment strategy. They can also provide you with the projections and forecasts necessary for running your business effectively. What’s more, entrepreneurs can also rely on this service for coaching and for-profit, cost, and margin analysis.

Payroll and HR

Bookkeeper360 HR support can be just the thing if you have new employees and need help handling their salaries, medical insurance, and other paperwork. You can rely on the company’s certified HR professionals to take care of department mapping, PTO, and time tracking. They will also fill in and submit all the W-2s, 1099s, and other needed forms.

Tax Services

If handling your business taxes sounds like a nightmare, you’ll be relieved to know that you can outsource that to a reliable expert. This company’s advisors can help you with business and individual taxes, sales, and use tax. The tax expert can also help with profit sharing, 401(k) planning, and your overall tax planning strategy.

Back-Office Solutions

Bookkeeper360 back-office solutions can cover all financial aspects new businesses struggle with. You can outsource your invoices, get help with approvals and bills payment, as well as expense reimbursements. The team can also set up the integration of ERP and your point-of-sale systems.

These back-office solutions also cover inventory management to help you define pricing models, handle order management and workflow, and even streamline inventory costs. This solution can integrate with Amazon, Shopify, and Square, among many others. All of this can be beneficial for many small eCommerce businesses.

Bookkeeper360 Integrations

Currently, this solution offers a handful of helpful integration options. As mentioned before, you can integrate it with QuickBooks and Xero for effective and accurate financial management.

Other integration options include Bill.com, for gathering all your invoices in one place, ADP or Gusto for handling HR and payrolls, Expensify to help streamline your expenses, etc.

The integrations with Stripe, Square, Amazon, and Shopify are aimed at eCommerce businesses, in particular, allowing for effortless payments and back-office management.

Bookkeeper360 Pricing

This company’s pricing varies heavily and depends on the services and features you need. Thankfully, you can find the clearly outlined starting prices on its website. Nonetheless, your actual quote will depend on how much you mix and match the services. Schedule a call with their customer representative team, and if the estimate you get doesn’t fit you, you can create a custom plan with their help.

To give you an idea of the price range, we’ll do a quick overview of the starting packages this company offers.

Bookkeeping Services

Let’s start with the pricing for bookkeeping services for those who do cash accounting. You can choose between three plans, all of which include its mobile app:

• Pay-as-you-go: Starting at $99 per hour, this package includes a dedicated accountant for on-demand bookkeeping, training, and advisory services.
• Monthly: Starting at $349 per month, this plan can now offer you monthly reconciliation, profit, loss, and balance sheets, and excellent continued support.
• Weekly: Starting at $499 per month, this option includes everything involved in the monthly plan, but you also get a dedicated accounting team, weekly updates, and advanced reporting.

For businesses using an accrual accounting system, plans will cost more. The monthly program will run you $499 and the weekly $699 per month.

CFO Advisory Plans

CFO Advisory plans with this firm start at $1000 per quarter. It covers setting business and financial goals, profit, cost, and margin analysis, and corporate governance. CFO entrepreneur coaching services are also available.

Tax Services

Tax services pricing depends on whether you need help with individual or business filings. An individual and business filing will cost you $200 and $800 per filing, respectively. This plan also covers tax planning, filing for R&D tax credit, sales and use taxes, and 401(k) planning.

HR and Payroll Services

With a price tag of at least $45 per month, these services include on-demand certified HR experts who can take care of your PTO, time tracking, W-2s and 1099s, medical benefits, department mapping, and workers comp insurance. 

Back-Office

With this company’s back-office solution, the price starts at $99 per month. It covers invoicing, bill payments, collection services, inventory management, and POS and ERP integration.

Bookkeeper360 Mobile App

This company’s proprietary mobile app is one of the solutions many small-business owners will find useful for navigating their business finances in an easy-to-understand manner. You will be able to effortlessly track revenue, costs, and expenses, as well as tackle payroll management, cash flow, and much more. You can use that information to create in-app goals and scorecards.

The company’s accounting team of certified experts is also available through the app. What’s more, you can add multiple companies to a single account, or set up unlimited users and their permissions. Lastly, the app is synced hourly, so you’ll always have the freshest data available.

Bookkeeper360 vs. Bench

If you are looking for an alternative bookkeeping option, you should consider Bench, another online bookkeeping services provider. However, Bench is more tech-oriented and comes with its own bookkeeping software.

Both options offer a full range of bookkeeping features. However, with Bench, tax-handling is available only with a premium plan. The Bench bookkeeping service also offers add-ons. For example, Catch Up and Retro Bookkeeping includes bringing your books up to date from a time before you started using Bench’s services.

You can also use specialized bookkeeping to outsource account receivables and payables. Bench certainly doesn’t win in the additional features section of this competition, but it does have proprietary software and doesn’t rely on QuickBooks.

This alternative is also slightly cheaper. Its monthly plan starts at $299 for the Essential package, and $499 for Premium - which includes tax handling.

Bookkeeper360 Customer Support

The customer support, just like the overall team, is very knowledgeable and helpful. You can contact its customer service via phone, by sending them an email. You can also chat with a customer representative through the live chat on its website.

Summing Up

This company is an excellent solution for small businesses that can’t afford an in-house accounting team. Its various plans contain all the necessary services for handling your books, taxes, and even payroll and HR responsibilities, for a relatively affordable price. You can also create a custom plan.

Whichever solution you choose to outsource the tedious tasks behind running a business, you can rest assured that they will be safe and sound in the hands of experienced professionals.