Small Business Taxes & Bookkeeping Online 1-800Accountant

These criteria were disregarded for providers where no reviews were found. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. I can contact 1-800Accountant via phone, chat, email, or secure messaging within the client portal. A free live bookkeeping consultation is required before signing up, and paid services are billed annually. There is also the option of customizing a package that’s tailored to your business needs.

Bookkeeping Terminology: 35 Common Bookkeeping Terms

The company’s tiered pricing structure makes professional accounting services accessible to businesses at different growth stages while a dedicated accountant ensures consistent, knowledgeable support throughout the year. Yes, 1-800Accountant offers a suite of professional accounting services to small business owners, ensuring tax compliance while minimizing their annual tax burden. In addition to DFY bookkeeping, our services include business tax preparation and filing, tax advisory, and payroll.

In addition to bookkeeping, we offer quarterly estimated tax preparation, audit defense, and other essential financial services that maximize your tax savings while ensuring compliance. 1-800Accountant also offers some free and paid services to startups. Services include a verified name availability search, customized articles of organization, secure online access to incorporation documents, and unlimited phone and email support. My business partners and I set up our first appointment with the team.

Another advantage of online bookkeeping services is that they offer real-time data tracking and reporting. This means that businesses can monitor their financial performance as it happens – and quickly identify any issues or opportunities for growth. Online bookkeeping services can also automate certain tasks, such as reconciling bank statements, generating financial reports, and tracking expenses.

The TRUiC Team

Additional phone calls with your dedicated bookkeeper can be scheduled as needed. Their most comprehensive offering, designed for established businesses needing full-service support. These include a balance sheet, income statement, invoices, mileage log, reconciliations, transactions by account, journal entries, general journal, and general ledger. Available for both iOS and Android users, 1-800Accountant’s mobile app allows me to perform the same tasks as with my computer. These include creating and sending invoices, generating financial reports, creating journal entries, and syncing my bank accounts.

• This means that businesses can monitor their financial performance as it happens – and quickly identify any issues or opportunities for growth.
• One of the most significant benefits of online bookkeeping is accessibility.
• I would’ve been matched with a bookkeeper who has experience in my industry and is knowledgeable about my location.
• Online bookkeeping services can also be more cost-effective than traditional bookkeeping methods.
• While Accountant offers accounting, bookkeeping, and LLC services at a lower price than competitors, there is a stark disconnect between reviews on major review sites and accounting forums.
• The best on our list is what we think is best for most, not for everyone.

Traditional Certified Public Accountant (CPA) firms also provide similar services, but typically at substantially higher costs and without the streamlined, technology-enabled experience that 1-800Accountant offers. Overall, 1-800Accountant provides the most comprehensive service for the price with its expert-led offerings. The Core Accounting plan is perfect for established small to medium-sized businesses that require more advanced financial features and comprehensive tax support. This mid-tier solution is particularly valuable for businesses with more complex tax situations, those with owners who need both personal and business tax preparation, or companies that require bookkeeping software integration. For $399 monthly, you’ll receive industry-specific guidance from a local bookkeeper who will also manage your books. Depending on the service you enroll in, you’ll also have access to entity formation bookkeeping, payroll, and tax preparation services.

Entity Formation

Although it requires a larger upfront commitment, the annual billing structure actually results in substantial savings when compared to hiring in-house accounting staff or piecing together multiple financial services. 1-800Accountant provides a robust set of features across all service tiers with each plan thoughtfully designed to match different business needs. While the basic Business plan includes essential services like tax planning and quarterly reviews, the Core Accounting and Enterprise plans add valuable features like bookkeeping software and comprehensive tax preparation.

Payroll

1-800Accountant’s proprietary bookkeeping platform, ClientBooks, is compatible with leading bookkeeping software, including QuickBooks Online (QBO), FreshBooks, and Wave. Our bookkeepers are fluent in these platforms, ensuring seamless integration and financial data management. The volume of your transactions will determine your bookkeeping cost. A small business expert typically discloses bookkeeping pricing details during your discovery consultation, tailoring them to your business’s budget and needs. “The bookkeeping service I have is excellent. I have used this service for 3+ years, which has made business financial management much easier.” Online business debt management has become widely popular because it meets the specific needs and challenges faced by …

Online bookkeeping services can also be more cost-effective than traditional bookkeeping methods. They eliminate the need for businesses 1-800accountant login to invest in expensive accounting software or hire in-house accountants, since all the necessary tools and expertise are available online. This can be particularly beneficial for small businesses and startups with limited budgets. While several accounting solutions exist in the market, few match 1-800Accountant’s comprehensive approach to business financial services. However, QuickBooks is another popular tool that combines expense management, accounting, and bookkeeping tools all in one platform that starts at $35 per month.

• The company’s client portal is intuitive and well-organized, making it simple to upload documents, communicate with your accountant, and access important financial information.
• 1-800-Accountant offers four packages marketed towards small businesses.
• We evaluated whether the online bookkeeping service offered tax and consulting, and the scope of those services.
• In the realm of business operations, even the smallest details can have a significant impact on efficiency and cost savings.
• There is also the option of customizing a package that’s tailored to your business needs.
• The financial services sector is witnessing a surge in demand for virtual bookkeeping expertise as businesses grapple with a persistent talent shortage in accounting.
• Your dedicated bookkeeper will primarily communicate with you through messaging and calls.

ClientBooks, our proprietary bookkeeping platform, currently supports accrual basis accounting. This method records transactions based on when a product or a service is exchanged. Revenue transactions are recorded on the date that a customer becomes legally obligated to pay you for providing a product or a service. Expense transactions are recorded when you become legally obligated to pay for a product or service received.

The only reason this doesn’t receive a perfect score is that some specialized services, such as industry-specific reporting or international tax support, may require additional fees. For small to medium-sized businesses looking for comprehensive accounting services without the cost of in-house accounting staff, 1-800Accountant is a valuable, cost-effective solution. 1-800Accountant provides comprehensive accounting and tax services with a personal touch.