Low-Volume Bookkeeping is designed for businesses with up to $25,000 in monthly expenses. Businesses with $25,001 to $150,000 in monthly expenses would be charged $470 per month for the Medium-Volume Bookkeeping plan. High-Level Bookkeeping ($670 per month) serves businesses with $150,001 or more in monthly expenses. QuickBooks Live pairs you with experienced bookkeepers who can reconcile your accounts, close your books, and provide advanced reports. Thanks to its excellent administrative tools and procedures, and an exceptional user experience, you always know where your accounts stand. QuickBooks Live, Decimal and Ignite Spot Accounting are three competitors that offer subscription bookkeeping services.
However, while pricing will increase, the Premium plan allows for up to five users while the Quantum allows for up to 40. QuickBooks Live matches you with a team of QuickBooks-certified bookkeepers who are tailored to your business. You’ll be assigned a primary bookkeeper with a team of bookkeepers behind them—and they’ll work together on a custom plan.
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In addition to QuickBooks Live’s fee, you’ll need to pay for a subscription to QuickBooks Online, which starts at $30 for its most basic plan. While QuickBooks Live and Bookkeeper.com both offer basic bookkeeping assistance, account reconciliation, and financial statements, Bookkeeper.com goes far beyond that. It has the option to add other services—like bill pay, invoicing, and payroll returns—and will even customize any service for your needs. We don’t declare an overall winner in our comparison of QuickBooks Live vs Bookkeeper.com. While Bookkeeper.com wins in terms of services provided, it is considerably more expensive than QuickBooks Live if you’re looking for basic bookkeeping. QuickBooks Live is an add-on to the QuickBooks platform, so it’s not a complete accounting solution on its own.
Those businesses wouldn’t necessarily even need to use the Plus version of QuickBooks Online. There are two more junior versions (Simple Start and Self-Employed) that are much less expensive and better suited to the smallest of businesses. For example, you don’t have to worry about importing your bank statements, since they’re brought in automatically. Everything in your accounts gets touched by your bookkeepers, so nothing falls through the cracks—as long as you’re keeping up with your transactions. QuickBooks Online Plus has two other features that extend its usefulness to small business.
Our Experience With QuickBooks Live
For assistance in selecting the best online bookkeeping service for your business, see our guide on how to choose a virtual bookkeeper. However, Bookkeeper.com does provide free software training and financial advice. Also, while Bookkeeper.com limits your appointments and time, QuickBooks Live allows for unlimited meetings but you can quickbooks live bookkeeping only schedule one at a time. If you ever have a question between appointments, your team is ready to help with on-demand chat. At the end of each month, your bookkeeper will close your books, and you’ll receive custom, up-to-date reports. Do you want to learn more about the top-recommended accounting platforms for small businesses?