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If you choose to integrate Bookkeeper360 with Xero instead of QuickBooks, you’ll have access to Xero integrations, which are far fewer than QuickBooks. Keep in mind that QuickBooks Live is designed to work with QuickBooks Online and other QuickBooks software. You need to actively use QuickBooks, and QuickBooks rlt’s retail tenant database Live pricing does not include a subscription to QuickBooks Online. If you’re behind on your tax payments or have past years where you didn’t even file a return, you probably feel the pressure mounting. To answer that question, you first need to decide what exactly you need your system to accomplish.

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. This one-on-one structure allows the QuickBooks bookkeeper to learn the ins and outs of your business. QuickBooks Live also has a new Assisted Bookkeeping option for an additional $50 per month, which is enabled when you toggle on Assisted Bookkeeping while selecting your QuickBooks Online plan. This differs from QuickBooks Live’s Full-Service bookkeeping because it only provides guidance in areas like categorizing transactions, automating QuickBooks, and reviewing key business reports, not your actual bookkeeping. If the cost of QuickBooks Live is an issue for you, you might consider Wave Accounting software with the Wave Advisor service add-on as a more cost-effective alternative.

Pros of QuickBooks Online

You can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping. Ongoing communication is available at any time via document sharing and live chat, either with your bookkeeper or a member of your bookkeeper’s team. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.

Bookkeeper360 integrates with QuickBooks Online and Xero through the Bookkeeper360 app. While referred to as an “app,” it’s a desktop app, not a mobile app, which is included in all Bookkeeper360 plans or can be purchased separately for $19 a month. After establishing a connection between the Bookkeeper360 app and your QuickBooks or Xero account, you can view your financial information in a very user-friendly format that’s easy to analyze. 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. They’ll keep your books up to date, categorizing transactions and reconciling accounts regularly throughout the month.

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In sum, QuickBooks Live is a simple and very budget friendly service, and that is reflected by its variable quality. Unlike other similarly priced services on our list, QuickBooks Live doesn’t actively try to scam you. In short, if budget is first and foremost for you, then we think QuickBooks Live should be one of your top picks, as long as you’re prepared for the potential headaches it may bring. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Filter Icon box offers you a number of choices for filtering information.

• 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.
• Unlike other similarly priced services on our list, QuickBooks Live doesn’t actively try to scam you.
• However, if your company has over $1,000,000 in annual revenue, you’ll need to contact Bookkeeper.com for a custom quote.
• If you’re behind on your tax payments or have past years where you didn’t even file a return, you probably feel the pressure mounting.
• To use this feature in QuickBooks have your online banking service activated by your financial institution and make sure you have internet access through your QuickBooks account.
• First-time QuickBooks customers can choose to explore QuickBooks without committing to a plan by signing up for a 30-day free trial.

It’s a great option for small to mid-sized businesses that don’t have in-house bookkeeping staff. With that said, QuickBooks Live is a great way to gain access to an experienced, certified bookkeeper, at an affordable monthly rate. It can help you streamline your bookkeeping process, with personalized help from a trusted professional along the way. For all three plan tiers, federal and state payroll taxes are calculated, filed and paid automatically.

QuickBooks Payroll

For a small business that needs help with bookkeeping and expense entry, QuickBooks Live Bookkeeping is a great resource to get the work done for a low monthly fee. Unfortunately, AI didn’t do too well, with students scoring an average of almost 77 percent correct answers vs. ChatGPT’s 47 percent success rate. Yes, QuickBooks Live Bookkeeping offers catch-up bookkeeping back to the last tax return you filed. QuickBooks Live has a feature that is unique to the service, its 100% Accurate Books Guarantee. This guarantee enables you to request an audit of your books at any time and is not something that Bookkeeper360 offers.

During these meetings, you’ll have the opportunity to ask questions about financial reports and ask for assistance with basic bookkeeping tasks. The first month of service with QuickBooks Live, which costs $500, is dedicated to onboarding and cleanup of your books. After the first month, the ongoing live service is available in three different pricing tiers, depending on your company’s average monthly expenses over a period of three consecutive months. A QuickBooks live bookkeeper is a dedicated bookkeeper provided to your business through the QuickBooks Live subscription.

Pricing: QuickBooks Live Wins

You can meet with them on an as-needed basis via telephone or one-way video chat. Meetings with your QuickBooks Live bookkeeper are conducted via one-way video chat, and if you need to share documents, you can use the screen share feature. There’s no set amount of time per month that you can meet with your bookkeeper, but you can only schedule one appointment at a time. During the meetings, you can ask questions about financial reports and request assistance with bookkeeping tasks. You can also reach out to the extended bookkeeping team or receive product support with the live chat feature.

We research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources. The specific features of QuickBooks Online (or QuickBooks Desktop) depend on which version you choose (QuickBooks Online Plus, QuickBooks Online Advanced, etc.) Some features cost extra in certain plans. Incorporation is the process of legally creating a corporate entity, which can be a separate legal entity from its owners, with its own … The Elite plan goes a step further and covers up to $25,000 per year in payroll tax penalties resulting from mistakes an employer might have made.

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If you’re in need of the customized services it provides, we recommend contacting the provider to get a custom quote before making your final decision. With such a diversity of offerings, it can be difficult to parse the good from the bad. As such, identify your specific needs while reviewing our list, and you’ll be sure to find the ideal fit from our top-rated services. QuickBooks Live’s pricing is based on the company’s average monthly expenses and ranges from $200 to $400 a month.