Bookkeeper360 Review: Pricing, Features, and Top Alternatives

The blue line represents current year data, while the gray line represents previous year’s data. You can use this year-over-year comparison to spot seasonality in revenues and expenses. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further.

BK360 is the Comcast of Accounting

In addition, you can customize the features and integrations to match your preferences. This feature makes Bookkeeper360 stand out because it simplifies the bookkeeping process. The dashboard is well-organized, with several tabs for an app store, taxes, bookkeeping, support, and more. You can also automate some processes by integrating Gusto, an online payroll service to generate payroll reports, tax calculations, and more.

For example, the onboarding process is quick and simple, with videos and tutorials to sign up. You also get customization options to your invoices, like adding a font or logo. The good thing is you can integrate an online payment gateway like Stripe to collect payments. bookkeeper360 review Using Bookkeeper360 for your financial reporting ensures you get accurate and in-depth reports. Another standout feature of Bookkeeper360 is it integrates with over 5000 financial institutions.

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. 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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I meet with them 4x a year to go over everything and my books are great and in January I have all my tax documents i need. Another benefit of using this software is that you can reconcile your accounts monthly with your general ledger.

Bookkeeper360 is working on its own application, 360app, that will allow you to manage all of your Bookkeeper360 services, from accounting to financial planning, in one place. This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages. Bookkeeper360 offers a range of support options for businesses in conjunction with its core bookkeeping services.

Bookkeeper360 also integrates with other payroll providers like Gusto and ADP. If you decide to get this service, it should take less than two weeks to set up. If you need to be able to accept credit card payments at your business, Bookkeeper360 also provides merchant services.

Pricing

However, Bench is more tech-oriented and comes with its own bookkeeping software. 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. Online bookkeeping services can also be more cost-effective than traditional bookkeeping methods.

User Interface and User Experience

Unlike Bookkeeper360 and Bookkeeper.com, Bench offers the same service regardless of your plan, the price only changes based on the amount of your monthly expenses. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. I hired Bookkeeper360 initially to help with a migration from QuickBooks to Xero. They quoted approximately $2,000 with the understanding that I’d do part of the work.

Overbilled, Poor Communication, and Unreliable Tax Guidance

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. Jessica Pereira helps SaaS and digital marketing brands build long-lasting customer relationships with meaningful content. Her favorite topics include career development, productivity, and email marketing. A software’s ability to integrate and be compatible with other supported platforms is essential in enhancing user experience.

• If your business situation changes, you can change your chosen Bookkeeper360 service hassle-free.
• Bookkeeper360 assigns US-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date.
• You can also chat with a customer representative through the live chat on its website.
• In fact, its premium price is what’s kept it from the top spot on our list.

From business, to personal, to R&D tax credits, to issuing 1099s, Bookkeeper360 can handle all of your tax needs. Bookkeeper360 is considered a trailblazer in the industry and has been published in Forbes, Accounting Today, Business Insider, CPA Practice Advisor, and many other editorial outlets. Despite these significant benefits of Bookkeeper360, there are also downsides to this online bookkeeping service worth considering.

Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services. Visit Bookkeeper360’s Back-Office Technology page for more information about these services. The specific bookkeeping features you receive with Bookkeeper360’s service will depend on the plan you develop.

• With such a diversity of offerings, it can be difficult to parse the good from the bad.
• They eliminate the need for businesses to invest in expensive accounting software or hire in-house accountants, since all the necessary tools and expertise are available online.
• Deciding on the right business phone system for your company can take a lot of research.
• The company’s team participates in CCI events each year to support its mission.
• A software’s ability to integrate and be compatible with other supported platforms is essential in enhancing user experience.
• An individual and business filing will cost you $200 and $800 per filing, respectively.

It’s a SaaS accounting platform that claims to automate and streamline bookkeeping while offering expert financial guidance. Online business debt management has become widely popular because it meets the specific needs and challenges faced by … Under cash-basis accounting, revenues and expenses are recorded when cash is paid or received. Meanwhile, accrual accounting records revenue and expenses when earned or incurred.

Pricing & Plans

Our partners cannot pay us to guarantee favorable reviews of their products or services. The purpose of bookkeeping is to maintain a systematic record of financial activities and transactions chronologically. The purpose of accounting is to report the financial strength and obtain the results of the operating activity of a business.

In addition, SMEs are looking to scale their revenue streams and operations. We wanted to see if the software could live up to its claims, save time, and help us with our business operations. Once you get engaged and it’s officially “go time” as far as planning goes, you may find yourself with a to-do list a mile long. If you’ve ever had a minor illness at an inconvenient time, struggled to get an appointment with your regular doctor, or just wanted a more flexible way to manage …

Learn more in our cash- vs accrual-basis accounting method comparison, which also covers when to use each. Trends show you business revenues, direct costs, and operating expenses along its composition. This section of Bookkeeper360 can provide you with insights regarding composition of revenues and cost behavior.