Manage your small business finances more effectively with the right virtual bookkeeping service.
Business owners manage a lot of money, and it’s important that small business finances are kept track of properly. Keeping effective financial records of your operations is not only helpful for tax purposes, but also essential for addressing cash flow issues and legal obstacles as well.
Luckily, there are many great bookkeeping service companies out there that offer helpful solutions for entrepreneurs looking to improve their record-keeping practices. Read on for some of our top picks for virtual bookkeeping services.
- Merritt Bookkeeping
For small businesses, Merritt offers a simple plan at the affordable flat rate of $150 per month. The company also uses QuickBooks Online, which is a highly recommended accounting software that is popular among small business owners. The platform makes it easy for both you and your bookkeeping company to visually organize your information. Merritt Bookkeeping is a good choice for entrepreneurs who are currently a one-man or one-woman band, with no employees to pay. It’s also fitting if you have a separate tax professional helping you with taxes, or if you file your own taxes.
For businesses who want a one-stop shop to help them with everything payroll to tax prep, Bookkeeper.com is a great choice. You can go to one source for all the financial organization of your small business, thus saving you time down the line. This company charges $250 per month on average, but the price will vary depending on the number of transactions you accrue during a particular month. Bookkeeper.com also uses QuickBooks to manage their clients’ information.
- Flatworld Solutions
Worried about the ability to scale up as your business grows? Flatworld Solutions is recommended for small business owners who want the flexibility of adjusting their bookkeeping services according to the size and success of the company. Simply pay for the hours you use for bookkeeping, payroll, and tax prep purposes. On average, you’ll be charged just $8 to $15 an hour for bookkeeping. You also have the options of paying by the project or paying for tax returns, and you can even choose if you want a full-time or part-time expert to help you out.
If you’re in the market for a virtual bookkeeping solution, the above three are some of the best. Shop around to see which service is the best fit for your particular small business needs. However, some business owners still prefer the human touch. If you use a local CPA for your taxes and your bookkeeping, he or she can also help with investment advice or even help your business secure financing if you get into a cash crunch. Consider all the options.