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QuickBooks Live Bookkeeping Review & Pricing in 2024

quickbooks live bookkeeping reviews

Another advantage of online bookkeeping services is that they offer real-time data tracking and reporting. This means that businesses can monitor their financial performance as it happens – and quickly identify any issues or opportunities for growth. Online bookkeeping services can also automate certain tasks, best church accounting software 2023 such as reconciling bank statements, generating financial reports, and tracking expenses. You can also meet with them to review reports and receive assistance with any bookkeeping questions. Pilot Bookkeeping also offers a choice of three subscription levels, and fees are billed on an annual basis.

quickbooks live bookkeeping reviews

QuickBooks Live Bookkeeping can be more cost-effective than hiring an in-house bookkeeper or outsourcing your bookkeeping to an accounting or bookkeeping firm. There are no long-term contracts, so you can switch or cancel your service at any time without incurring fees. And, QuickBooks Live Bookkeeping comes with an “Accurate Books Guarantee” to cover any errors made by your Live Bookkeeper (some exceptions apply). When you sign up for QuickBooks Live Bookkeeping, you are connected with a QuickBooks ProAdvisor, which is a bookkeeper certified by QuickBooks.

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If a user provides accurate information on time and something still goes wrong, QuickBooks will pay the payroll tax penalties. QuickBooks Payroll Premium and Elite plans come with QuickBooks Time, which lets employees clock in and out on their smartphones. The Elite plan also includes a geofencing feature that notifies employees to clock in and out based on when they arrive and leave a job site. The feature can help with job costing for project-based businesses like landscaping companies, where employees work in different locations depending on the project. All entered transactions within the QBO the usage of paperwork, financial institution feeds, third-party information fetching app, and so forth.

quickbooks live bookkeeping reviews

QuickBooks Live received high praise from reviewers who appreciated the responsiveness and knowledge of the customer support team. They also said that the fees are affordable and the dashboard itself is easy to navigate. Also, reviewers commented that they wished that QuickBooks Live offered a free trial so that they could try the service before committing. QuickBooks Self-Employed, QuickBooks Online, QuickBooks Advanced, and others offer self-service tools for bookkeeping. A new product, QuickBooks Live, goes a step further, providing live, 1-on-1 support with a real licensed bookkeeper.

Whether you are a new user or have an established account, QuickBooks Live will assist you with cleanup and setup and provide monthly reports as well, with the ability to discuss the reports if you have questions. Both have mostly positive reviews, though Pilot Bookkeeping takes the lead in this category based on its higher scores. Reviewers of QuickBooks Live praised its responsiveness and affordable fees, and Pilot users appreciated its ease of use and additional services available. The major difference between the two is that QuickBooks Live offers more support resources than Bookkeeper.com, which is lacking community support, live chat, and phone support, and a searchable knowledge base. However, Bookkeeper.com does provide free software training and financial advice.

More Bookkeeping Service Reviews

The value of QuickBooks Live Bookkeeping setup depends on your specific needs and circumstances. For instance, if you have limited accounting knowledge and want someone to handle the initial set-up of your QuickBooks account and provide ongoing support, then it may be worth considering. Besides that, if you have a busy schedule and prefer to have someone else manage your bookkeeping, it is also a convenient option. However, if you are comfortable setting up and maintaining your QuickBooks account on your own, then the additional cost may not be worth it.

  • Monthly reports are prepared to give you an accurate snapshot of your firm’s financial picture.
  • Overall, QuickBooks Live’s more limited menu of services available gave Bookkeeper360 the edge in this category.
  • You can meet with them on an as-needed basis via telephone or one-way video chat.

Bookkeeper360 offers the ability to create your own custom plan including many features unavailable in QuickBooks Live, like CFO advice, tax preparation, payroll and HR, and back office tasks. The features you opt for depend on your specific needs and the business strategy that you develop during the consultation. All plans come with your own dedicated bookkeeper, who also serves as your point of contact. The best bookkeeping service for QuickBooks depends on your specific business needs, the size of your business, and your budget. If you’re seeking basic services and don’t require assistance with taxes, invoicing, or billing, QuickBooks Live could be a good fit. If your business has more advanced needs, such as CFO and tax filing services, Pilot is a good choice.

QuickBooks Live Review

QuickBooks Payroll has a $12 monthly fee for every filing obligation outside of the primary state. For businesses with remote employees, these multiple-state-filing fees could really add up. QuickBooks Payroll is a cloud-based payroll software that allows businesses to pay employees, file payroll taxes and manage employee benefits and HR in one place. The software saves time by automatically calculating, filing and paying federal and state payroll taxes. While QuickBooks Online does have its own free mobile app—which allows you to enter transactions, record expenses, invoice customers, and send reports—the app cannot access QuickBooks Live features.

  • QuickBooks Online Bank Reconciliation is a job with which you’ll fit your QuickBooks transactions to make sure the whole lot is in line.
  • You can activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below.
  • While other major review sites give Accountant high marks, our research shows that those stellar reviews do not correspond to the experience of many of their customers.

Receive personalized insights including your profit and loss report and balance sheet. This helps inform your business decisions and gives you time to do what you do best. Depending on your preferred method of communication, there are a couple of ways to interact with your QuickBooks Live or Bookkeeper.com bookkeeper. QuickBooks Live offers the benefit of one-way video conferencing with a screen share option, a feature that’s unavailable with Bookkeeper.com, which is one of the reasons we selected QuickBooks Live as the winner of this category. For family businesses conducting succession planning, Bookkeeper.com can even prepare the necessary gift and estate tax returns.

What is a QuickBooks Live bookkeeper?

Since QuickBooks Live and Pilot both require a subscription to QuickBooks Online, the price for the software must be factored in as well. QuickBooks Live and Bookkeeper360 both combine the automation of accounting software with the guidance of a professional online bookkeeper. A major difference is that Bookkeeper360 has add-ons, such as chief financial officer (CFO) advisory services and tax filing, which is why we feel it is the better online bookkeeping service for most small businesses. Also, while both work with QuickBooks Online users, Bookkeeper360 also works with Xero.

First-time QuickBooks customers can choose to explore QuickBooks without committing to a plan by signing up for a 30-day free trial. You can also skip the free trial in favor of locking in 50% off for your first three months — but you can’t choose both. A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting.

Bookkeeper.com Pricing

To wrap up this section, we wanted to point out that both Patriot and QuickBooks offer their own payroll add-ons. Patriot Accounting does offer a time and attendance solution, but it’s a separate add-on that is designed to work with the payroll system. Patriot doesn’t really have a way to track your time and then add it to invoices, which might be a drawback for freelancers and business owners who charge by the billable hour. Like Bookkeeper360, QuickBooks Live varies its subscription price depending on the amount of monthly expenses.

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