This hybrid model costs much less than hiring an in-house bookkeeper, but it’s not quite as hands-off. For one, QB Live still requires the business to input data, upload receipts, etc. into the QuickBooks software. One of the main benefits of QB Live is that it gives you accurate, up-to-date financial information, enabling you to make important business decisions with confidence. It also typically costs less than hiring an independent bookkeeper. With that said, QuickBooks Live is a great way to gain access to an experienced, certified bookkeeper, at an affordable monthly rate.

Bookkeeping Service FAQ

The most responsible services use a hybrid model that pairs machine speed with expert review to deliver the best of both worlds. Accrual accounting, by contrast, logs sales and costs when they’re earned or incurred rather than when cash changes hands, which suits companies with more complex revenue and longer invoicing cycles. When the bookkeeping starts to overwhelm you, a professional service can step in, turn the chaos into accurate, organized records – and give you back the time to focus on growth.

QuickBooks Live serves as how to invest tax a useful part of your business’ financial picture, but it’s not a complete package. Some input and data entry is still necessary from the business owner, but all expense categorization, reconciliation, etc. are handled by the QuickBooks bookkeeper. This one-on-one structure allows the QuickBooks bookkeeper to learn the ins and outs of your business. You will be assigned a single bookkeeper who will always be the one to work on your records, allowing you to collaborate in real-time and build a relationship.

Final Verdict: Is QuickBooks Online Worth It?

You’ll find a dedicated partner in Bookkeeper, where personalized bookkeeping services meet decades of expertise. Ongoing bookkeeping services are included in the QB Live pricing structure. We recommend exploring more reliable bookkeeping services until Finally can address its serious consistency and transparency issues. We specialize in helping small businesses save time and money with our affordable, efficient, and reliable bookkeeping solutions. Maxim Liberty Bookkeeping Services has been providing professional virtual bookkeeping services since 2005.

Contact Management

Service models span everything from do-it-yourself platforms – where you stay in control with robust tools – to full-service bookkeepers who handle the whole process for you. AI-powered tools have reshaped the bookkeeping landscape, automating tasks like transaction categorization, account reconciliation, and cash flow forecasting with striking accuracy. Bookkeeping today isn’t one-size-fits-all; services are tailored to different needs and preferences. Whether you’re a small business owner with too much on your plate or a freelancer trying to keep your numbers straight, it’s easy to feel buried by receipts, invoices, and tax prep. The QuickBooks Live Bookkeeper will help to organize and reconcile data, but some of the basic bookkeeping tasks will still need to be handled in-house.

QuickBooks bookkeeping software review

QuickBooks Online has more advanced features than Wave. QuickBooks Online outperforms FreshBooks in many other areas, including advanced features and reporting. It may also be a more affordable option provided you don’t have many users, as FreshBooks charges an additional fee per user. One thing that FreshBooks has that QBO lacks is excellent customer support. When it comes to features and integrations, QuickBooks Online and Xero are pretty evenly matched. If you want better customer support or potentially lower pricing, Xero or FreshBooks may be a better fit.

Pricing (20%) — Plans, Limits & Features

Having the backing of one of the industry’s giants – Intuit – also means it’s one of the first to get more advanced credere definition and meaning features, including AI which makes analyzing data and creating custom workflows easier. Unless you want to explore deeper (which you can do when you’re ready), the out-of-the-box experience is simple enough for self-employed individuals who might not have as much accounting experience. We love how intuitive the user interface is – new users can take advantage of a pretty simple onboarding process, and there shouldn’t be too much of a learning curve when getting used to this particular platform.

Best Bookkeeping Services in 2025: Compare Top 12 Providers

  • The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication.
  • This service starts at $15+/month for up to 20 contractors.
  • This monthly report gives you an accurate snapshot of your financial health in real-time, and many companies find it much more useful than a simple balance sheet.
  • On the other hand, QuickBooks is easier to learn, has strong mobile apps, and has tax support.

You should double-check with the service provider/financial institution directly as well as obtain independent financial advice prior to making any financial commitments or business decisions. There are also a few kinks in how the software is organized, and the software can be a little expensive, especially if you upgrade to the Advanced plan for more features and users. QuickBooks Online comes with a wide breadth of features and has the complex accounting capabilities that small business owners need. All QuickBooks Online plans include a basic inventory list that can be used to add products and services.

  • Monthly reports are prepared to give you an accurate snapshot of your firm’s financial picture.
  • One of the main benefits of QB Live is that it gives you accurate, up-to-date financial information, enabling you to make important business decisions with confidence.
  • Many, or all, of the products featured on this page are from our advertising partners who …
  • A new product, QuickBooks Live, goes a step further, providing live, 1-on-1 support with a real licensed bookkeeper.

This service costs $50 and is intended for new QuickBooks users who want a helping hand. Many QB Live users report that these monthly reports enable them to make better financial decisions. It’s a great option for small to mid-sized businesses that don’t have in-house bookkeeping staff. QuickBooks Live is primarily designed for small businesses that would like to outsource bookkeeping to a trusted third-party.

It’s owned by Intuit, which also has other options for small business owners and large ones too, with a diverse portfolio that includes TurboTax, Mint and Proconnect. QuickBooks is an instantly recognizable name in the world of accountancy and bookkeeping. Why you can trust TechRadarWe spend hours testing every product or service we review, so you can be sure you’re buying the best. As the extras are added on however, it does increase the cost, making this more of a full service solution, rather than a value leader. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication.

We endeavor to answer all inquiries within 24 hours on business days. Your dedicated bookkeeper works alongside smart automation to handle everything from transaction categorization to custom reporting, while maintaining a backup of your books for rope rescue safety factors extra peace of mind. The online versions clearly have a better set of features than the downloadable version.

Bookkeeping Service Reviews

QuickBooks Payroll is one of the most popular, with prices ranging from $50/month + $6/employee – $134/month + $12/employee. Don’t have time to read our whole QuickBooks Online review? While the software is easier to use than its locally-installed counterparts, you may face occasional navigational difficulties. Sign up for a free account with Square and get a complimentary card reader, point-of-sale app, and a suite of tools to run a better, more profitable business. Stay up to date with the latest reviews.

Maxim Liberty has been providing outsourced bookkeeping services to businesses and accounting firms in the USA and Canada since 2005. DK/RK Services, a Denver-based accounting firm, announces expanded bookkeeping consultancy services designed to help local businesses adapt to evolving tax regulations and compliance requirements … DK/RK Services, a Denver-based bookkeeping and accounting firm, has expanded its consultancy services to help businesses navigate increasingly complex Colorado tax regulations and compliance …

A new product, QuickBooks Live, goes a step further, providing live, 1-on-1 support with a real licensed bookkeeper. Many teams start on cash and shift to accrual as they grow, and modern software can support both methods to make that transition smoother, so choosing the right approach early can improve clarity and planning. While the $499+ monthly investment isn’t small, we think it’s worth every penny for growing businesses that want the perfect blend of personal attention and cutting-edge technology.

FreshBooks is worth considering if you prioritize simplicity and cost savings over comprehensive features and reliability in a bookkeeping service. While full-service bookkeeping is available as an add-on, the core platform is decidedly self-service, making it best suited for those comfortable managing their own financial records. While their monthly plans starting at $399 aren’t the cheapest option available, you’re paying for exceptional service that consistently earns near-perfect client ratings. Also, keep in mind that QuickBooks Live is not a completely hands-off accounting service. In other words, QuickBooks can be an alternative to a bookkeeping team, but it’s unlikely to replace the need to contract with an accounting firm each year. And even with a QuickBooks Online subscription, most firms still choose to work with a Certified Public Accountant (CPA) or tax preparers to help prepare tax returns come tax time.