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Virtual Bookkeeping Services

The service’s biggest drawback is its limited services and lack of access to financial advice. Other customers wished it was possible to call someone directly rather than wait for a response or set up a meeting. If you invoke the guarantee, QuickBooks will conduct a full n evaluation of the Live bookkeeper’s work. You’ll need to provide QuickBooks with a receipt for the transaction in question, correspondence from your outside tax accountant, or a document stating the balance of the account if an account balance is in question.

1. With Live Expert Full-Service Bookkeeping we pair you with a dedicated bookkeeper who will bring your books up to date and then manage your monthly books for you, so you can focus on your business.
2. Connect with experts year-round for advice and guidance, with best-in-class tools to support you as your business grows.
3. Activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below.
4. Live Expert Assisted also doesn’t include any financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll.
5. See how connecting with experts one-on-one gives this busy voice-over artist the confidence her books are done right and frees up time for the things she loves to do.

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. Wave Accounting is one of the very few business accounting software providers on the market that’s completely free. QuickBooks Live Bookkeeping can be more cost-effective than hiring an in-house bookkeeper or outsourcing your bookkeeping to an accounting or bookkeeping firm.

There are no long-term contracts, so you can switch or cancel your service at any time without incurring fees. And, QuickBooks Live Bookkeeping comes with an “Accurate Books Guarantee” to cover any errors made by your Live Bookkeeper (some exceptions apply). When you sign up for QuickBooks Live Bookkeeping, you are connected with a QuickBooks ProAdvisor, which is a bookkeeper certified by QuickBooks.

Learn about the QuickBooks Live Bookkeeping service

With Live Expert Full-Service Bookkeeping we pair you with a dedicated bookkeeper who will bring your books up to date and then manage your monthly books for you, so you can focus on your business. As part of ongoing bookkeeping, your bookkeeper categorizes your transactions and reconciles your accounts each month. With Live Expert Full-Service Bookkeeping, your dedicated bookkeeper will work with you to get to know your business, bring your past books up to date, and manage your bookkeeping for you, start to finish.

Focus on your business

You’ll meet with your bookkeeper via one-way video chat, which can be accessed by sharing your screen. During these meetings, you’ll have the opportunity to ask questions about financial reports and request assistance with basic bookkeeping tasks. You can also reach out to the extended bookkeeping team at any time. QuickBooks Live is an assisted bookkeeping service that enables QuickBooks Online users to enlist a qualified bookkeeping professional to categorize expenses, reconcile accounts, and provide advanced reports. Upon enrollment, you’ll be assigned a dedicated bookkeeper who’ll collaborate with you virtually.

In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. At the end of each month, your bookkeeper will send you PDF copies of key financial reports, including your balance sheet and P&L statement. QuickBooks Online also has many special reports that you can generate, like a balance sheet and P&L statement by class or location. Because of its versatility, it’s our best small business accounting software. QuickBooks Live Bookkeeping offers online bookkeeping services that connect small businesses with trusted, QuickBooks-certified virtual bookkeepers.

Your taxes done right with expert help

Categorizing transactions records each transaction under the right account so you have clear records of how much the business made and where the money went. Terms, conditions, pricing, special features, and service and support options subject to change without notice. Next, your bookkeeper will take on the monthly management of your books.

Best Accounting Software for Small Businesses of 2024

Pricing is based on the average of your monthly expenses over a three-month period. Live bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live bookkeeper completes the month-end closure. If your monthly average is $50,001 or more, the monthly price for QuickBooks Live Expert Full-Service Bookkeeping is $700. If your monthly average is $10,001-50,000, the monthly price for QuickBooks Live Expert Full-Service Bookkeeping is $500.

During your first appointment, your book value of assets bookkeeper gives you a quick tour of QuickBooks Live Bookkeeping and helps you set up your chart of accounts, connect your banks, and upload your documents. Once they have all the required information, they’ll start cleanup, which include categorizing transactions and reconciling accounts. Cleanup takes about 30 days from the time they receive everything they need from you. A Live bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting. Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days.