News

When revenue or expenses happen, it’s your startup bookkeeper’s job to record these into your company’s accounting system. This probably involves categorizing the “transaction” in a way that makes sense, say a payment to your payroll provider as a payroll expense. If you are looking for cost-effective bookkeeping services, Merritt Bookkeeping may be the choice for your startup. Plus, they will communicate directly with your CPA to ensure tax season runs smoothly. Merritt Bookkeeping is by far the least expensive online bookkeeping service available on this list. Their single package includes the basics of bookkeeping, QuickBooks use, automatic bank retrieval, 1099 insurance, and an easy-to-use interface.

If you need help with the platform, working with a Wave Advisor is the easiest way to do so because it offers a team of dedicated bookkeeping professionals to help businesses manage their finances. We recommend QuickBooks Online (“QBO”) as the right bookkeeping software for early-stage companies and high growth small businesses. It’s the leading small business accounting software in the US for small businesses, and interfaces nicely with other automated systems like payroll. Kruze offers a variety of pricing plans to help startups afford accurate bookkeeping services. Choosing the right bookkeeping software can be a game-changer for startups.

The Plain-English Guide to Revenue Run Rate [Infographic]

Bookkeepers have been preparing these financial packets for ages, but modern bookkeepers like Kruze use automated systems. When you have a Small Business Plus plan or higher, you get unlimited online support. All plans come with onboarding, a dedicated bookkeeper and account manager, reconciliation at month-end, balance sheet, P&L, statement of cash flows and a portal with document storage. Higher-tiered plans unlock more transactions and a more frequent service level. Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP.

Kruze helps set up connected, automated systems that help do much of this work automatically. But, we go the next step and have our experienced team do several levels of reviews to help catch anything that the automated systems might miss. Some bookkeeping services can provide a full suite of bookkeeping, accounting and tax services. Examples include bookkeeping journal entries, bookkeeping ledger, bookkeeping reconciliation and bookkeeping trial balance. FinancePal provides an all-in-one bookkeeping solution that includes features, such as transaction reconciliation, bill pay, business projections, guidance, catch-up bookkeeping, financial statements and tax filing. It’s also ideal for brand-new businesses because FinancePal can help with entity formation.

Best for Hiring Certified Bookkeepers

Other questions to consider include whether the service can accommodate your accounting software and if you will require catch-up bookkeeping services. We suggest reading our guide on how to choose a virtual bookkeeper for the step-by-step process. Wave Advisors didn’t score well in terms of customer service, as it took a hit for not providing a phone number to call and not offering unlimited meetings. It also lacks a mobile app, and its bookkeeping services are limited, with the inability to pay bills or invoice customers. While Wave Advisors does provide payroll coaching, it doesn’t offer any customized services.

To determine the right online bookkeeping service for your business, there are a few factors to consider, like price, features included, service, and hidden fees. Bookkeeper360 offers a rare pay-as-you-go alternative to many online bookkeeping services. With each of their plans, they provide a dedicated accountant as well as helpful bookkeeping, reporting, and customer service opportunities.

Manhattan Bookkeepers, Inc.

Tax and consulting services also aren’t offered, so points were deducted there as well. If you want all of these features—including bill pay, invoicing, full-service payroll, customized services, and tax and consulting services—Bookkeeper360 is an excellent solution. Kruze Consulting is a leader in Finance as a Service (FaaS), offering outsourced, integrated services that include a full range of financial services through a single provider. Our accounting, controllership, financial planning, business strategy, and tax filing and compliance services cost significantly less than hiring and managing your own departments. You get multiple highly skilled and experienced team of financial professionals that can scale as your startup grows.

But that experience helps our team go beyond simple, outsourced bookkeeping, and offer financial advice and due diligence help that other accounting firms can not match. Online bookkeeping startup bookkeeping services can save business owners both time and money. With hundreds of options, however, it can be daunting to sort through them all and find the best service for your business.