QuickBooks Live Bookkeeping Review & Pricing in 2024

Given Intuit QuickBooks Online’s high price, you need to be committed to using it conscientiously and comprehensively. In particular, its inventory and reporting tools are in a class above others. QuickBooks Online is an Editors’ Choice winner alongside FreshBooks, which isn’t quite as thorough or flexible but better caters to service-based businesses.

Best for On-demand Reports

These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you. If you only need periodic help, pay as you go for $49 per month plus $125 per hour for support. Otherwise, monthly pricing starts at $399 and weekly pricing starts at $549 per month. Online bookkeeping services can save business owners both time and money.

Is QuickBooks Live right for my business?

Are you looking to take your accounting in-house bookkeeping and gain more financial insight into your business? With so many options available, knowing which one best suits your needs can be hard. Dig into the details and see if QuickBooks Live is right for you with this comprehensive review of features, use case scenarios, and pricing plans. QuickBooks Online’s user interface looks attractive and professional, though I wish it didn’t sprawl so much on some pages. The site gets around this by occasionally using panels that slide out from the right for data entry. Learn more about Bench, our mission, and the dedicated team behind your financial success.

Bench User Reviews

This may influence which products we write about and where and how the product appears on a page. There’s https://www.bookstime.com/ a knowledge base too, but it’s more specific to the software itself rather than the Live service. Search for your app or integration in the App Store, then connect it. You’ll need to sign into your third-party accounts as part of the process. The UI is clean, with everything you need accessible from the left hand side menu.

Financial Reporting

QuickBooks Online Plus has this capability built in, but it’s not required, so many businesses don’t do it. After reviewing all of the month’s transactions and fixing anything that needs fixing, your bookkeepers set a closing date and lock everything that was entered before then. This helps prevent accidental changes that could impede accurate reporting. Your bookkeepers tell you before they close out a month so you can enter any transactions that might be missing. If you want to accept payments electronically, which usually helps you get paid faster, you can sign up for a payment service and let your customers pay you using a credit card or bank withdrawal.

• And even with a QuickBooks Online subscription, most firms still choose to work with a Certified Public Accountant (CPA) or tax preparers to help prepare tax returns come tax time.
• With so many options available, knowing which one best suits your needs can be hard.
• QuickBooks Live Bookkeeping is real-time, live bookkeeping support from a QuickBooks-certified bookkeeper (also known as a QuickBooks ProAdvisor).
• This plan gives you all the basics needed to run your business accounting, including income and expense monitoring, invoice and payment capability, tax deductions, receipt capture and mileage tracking.
• The site warns you if you try to sell something you don’t have in stock, and its inventory reports help you avoid running low or having too much money tied up in products that aren’t selling well.

Drawbacks of QuickBooks Live Bookkeeping

Small business owners appreciate that QuickBooks offers very affordable rates for smaller qbo login firms. Pricing scales with the volume of your monthly expenses, so smaller companies can get one-on-one help for as little as $200 per month. PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology.