What is bookkeeping?
Bookkeeping is the process of maintaining accurate financial records for a business.
Bookkeeping involves recording transactions and tracking income and expenses. It also includes making sure that all of the necessary documents are in order, such as invoices, receipts, and bank statements. Bookkeepers are responsible for ensuring that all financial records are up-to-date and organized in order to have an accurate picture of a business’s finances. This information is used to prepare key financial statements like balance sheets or profit & loss statements, as well as for tax filing purposes.
Best bookkeeping services for startups
1. 1-800Accountant
1-800Accountant is a digital accounting solution for small and growing businesses.
It combines localized financial expertise with a cloud-based platform to provide optimal tax savings and minimize time spent on accounting procedures.
The company offers an affordable solution for new and small businesses looking to offset the burden of accounting procedures. This includes access to their accounting portal, a dedicated accountant, 24/7 access to tax advice, tax planning services, and quarterly reviews. Additionally, they can add on payroll and tax preparation services as needed as their business expands.
1-800Accountant is one of the best online bookkeeping services for startups due to its flat-rate packages and experienced team. The company offers a Startup plan that includes customized articles of incorporation, secure online access to documents, and unlimited phone and email support – all free of charge.
This ensures that small businesses can focus on growing their ventures without having to worry about complicated accounting tasks or high fees. Additionally, 1-800Accountant’s team has an average of 17 years of experience in the field which allows them to provide top-notch bookkeeping services at an affordable rate.
Furthermore, this US-based company also provides customized packages if you don’t find what you need in their flat rate plans – all you need is a call with a representative and they will create a custom plan tailored specifically for your business needs and budget.
2. Bookkeeper360
Bookkeeper360 is a full-service accounting platform designed for business owners. It offers both accounting and bookkeeping services as well as HR and Payroll services. The platform is highly customizable and can take on most of the back office duties for businesses that use Xero or QuickBooks Online software.
Bookkeepers who use Bookkeeper360 benefit from having access to additional add-ons such as payroll, human resources, taxes, back office tasks, and chief financial officer (CFO) advisory services. Additionally, the mobile app allows them to view business insights from their Xero accounts while they’re on the go.
Bookkeeper360 provides the best bookkeeping services for startup businesses that use Xero or QuickBooks Online. It is a Xero Platinum Partner, meaning it offers more than just bookkeeping services, including payroll, HR, taxes, back office and CFO advisory services. The mobile app also integrates with your Xero account to provide business insights and there are pay-as-you-go options available if you only need occasional help with bookkeeping tasks. Furthermore, Bookkeeper360 understands the needs of small businesses and can tailor its services accordingly to meet the needs of startups looking for comprehensive accounting guidance.
3. Xendoo
Xendoo is an online bookkeeping and accounting service that provides comprehensive financial management for franchise businesses.
It offers customizable features to help businesses manage their revenue trends, track expenses, access financials via an online portal and mobile app, and take advantage of transparent pricing based on monthly expenses. Xendoo also provides tax preparation, planning, and filing services for an additional fee.
Xendoo’s purpose is to provide reliable bookkeeping services that give business owners access to valuable data such as revenue trends or profit margins so they can make informed decisions about their finances. Xendoo also offers guidance from experts in the field of accounting so businesses can get advice on how best to manage their money wisely.
Additionally, Xendoo’s scalable pricing structure allows businesses of all sizes to find an affordable plan that meets their needs without sacrificing the quality of service or features offered by competitors in this space.
Xendoo offers a variety of bookkeeping services for startups, including:
– Cash basis accounting and modified accrual bookkeeping
– P&L statements and balance sheets
– Year-round tax support
– Catch-up bookkeeping service
– Fractional CFO services
4. Bench
The bench is an online bookkeeping service for businesses.
It provides professional bookkeeping services, including setting up your accounts, sending you financial reports regularly, and providing one-on-one assistance when needed.
Bench is important because it can help businesses save time and money by taking care of their bookkeeping needs in a cost-effective manner. With Bench’s catch-up bookkeeping service, companies that have fallen behind on their books can have them completed in as little as two to four weeks.
Additionally, the company offers affordable plans that fit any budget while also providing excellent customer support should any questions or concerns arise throughout the process.
Bench is providing the best bookkeeping services for startups because it offers lower costs than many similar platforms while also providing tax assistance and payroll integration.
It even has catch-up bookkeeping services—ideal if you have fallen more than two years behind in your bookkeeping. Additionally, the service works closely with accounting software so you can perform essential tasks such as creating invoices and managing bill pay/payroll.
Moreover, the iOS mobile app provides financial reporting functionality as well as real-time cash flow updates which is beneficial for freelancers who often work remotely. Lastly, upon enrollment, you’ll have access to a team of in-house bookkeepers who can provide monthly check-in/tax season review calls at no additional charge.
5. Merritt Bookkeeping
Merritt Bookkeeping is a Quickbooks virtual bookkeeping services firm that offers fixed, flexible pricing and an easy user interface.
The company charges all clients one flat monthly fee for its services, so business growth will not result in higher fees. Additionally, clients can still access financial reports via an easy-to-use interface, making it ideal for businesses that prefer a hands-off approach to their bookkeeping. Merritt also offers a 90-day money-back guarantee and prides itself on its public reviews.
Merritt Bookkeeping is providing the best bookkeeping services for startup businesses because it offers a flat monthly fee with no restrictions on transactions or frequency of service. This is an affordable and predictable option that will not increase with business growth. Additionally, Merritt provides a 100% money-back guarantee and simplified issuance and electronic filing of 1099s for your contractors at an additional fee. The company also works with businesses that use QuickBooks software so owners can access financial reports via an easy-to-use interface. Finally, Merritt offers catch-up bookkeeping services if you’re behind on your books.
