Meet the QuickBooks Live Virtual Bookkeepers
The service doesn’t include financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll. QuickBooks Online offers Expert Full Service Payroll for an additional cost. Live Expert Assisted doesn’t include cleanup of your books or a dedicated bookkeeper reconciling your accounts and maintaining your books for you. 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. Throughout your engagement with QuickBooks Live Bookkeeping, your bookkeeper will manage your books for you and provide you with month-end reports. They will also help you with ongoing, basic bookkeeping and QuickBooks questions, like how to use QuickBooks’ reporting features, assistance with bank connections, and setting up customers and vendors.
Your taxes done right with expert help
- Your bookkeeper gets to know your business and provides ongoing bookkeeping services.
- QuickBooks Live Bookkeeping offers online bookkeeping services that connect small businesses with trusted, QuickBooks-certified virtual bookkeepers.
- The team of QuickBooks Live Bookkeepers includes professionals from many industries.
- QuickBooks Live Bookkeeping can be more cost-effective than hiring an in-house bookkeeper or outsourcing your bookkeeping to an accounting or bookkeeping firm.
- In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books.
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. Use the QuickBooks Live Bookkeeping service to make sure your books are up-to-date, accurate, and ready for tax time. With QuickBooks Live Bookkeeping, you have access to a dedicated QuickBooks-certified bookkeeper who works with you to understand your business and supports you along with their team. They categorize transactions, reconcile accounts, and are available to meet with you to go over updated reports or answer any questions you have. Expert Assisted is a monthly subscription service that requires a QBO subscription and provides expert help to answer your questions related to the books that you maintain full ownership and control. An expert can guide you through QBO setup and answer questions based on the information you provide; some bookkeeping services may not be included and determined by the expert.
After the first month, pricing for QuickBooks Live Bookkeeping is based on your company’s average expenses in QuickBooks. Every three months, QuickBooks Live Bookkeeping automatically adjusts to the needs of your business by reevaluating your average expenses and pricing tier. Terms, conditions, pricing, special features, and service and support options subject to change without notice. As part of ongoing bookkeeping, your bookkeeper categorizes your transactions and reconciles your accounts each month. Live Bookkeeping Messaging connects you to a QuickBooks product expert.
Get expert help as you do your books
QuickBooks Live is an online bookkeeping service that connects small businesses with trusted, QuickBooks-certified virtual bookkeepers. Your bookkeeper takes the lead on your bookkeeping and runs essential reports so you can focus on your business. 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.
They can also send PDF copies of key financial reports including your profit and loss statement and balance sheet. First, a bookkeeper reviews your chart of accounts and past transactions to bring your books up to date. 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. 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. Whether you need help with your bookkeeping, getting ready for tax time, or need coaching, our team of experts is here to help. Between monthly meetings, you and your bookkeeper can communicate through comments in the Document and Request Center.
Proven expertise
You’ll also need to give them descriptions of any established capitalization or accounting policies for your what’s more important cash flow or profits business. In the cleanup/setup phase, your bookkeeper helps you set up your chart of accounts, connects your banks, and teaches you the basics of QuickBooks. If you have information in QuickBooks already, your bookkeeper will help clean it up in the first month of service. There’s no set amount of time you get per month with your bookkeeper, but you can only have one scheduled appointment at a time. If you have at least 2 months of data in QuickBooks, there’s a flat fee for cleanup and setup for the first month of service.
Schedule and manage appointments with your bookkeeper
We believe everyone should be able to make financial decisions with confidence. You’ll still need to manage tasks for your business like sending invoices, paying bills, and managing inventory, accounts receivable, and accounts payable. 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. Your bookkeeper can run detailed reports that give you a clear view of your business, so you have the info you need to make informed decisions and feel confident at tax time.
Our partners cannot pay us to guarantee favorable reviews of their products or services. The team of Live bookkeepers includes professionals from almost all industries. During the onboarding process, we try to match you with a bookkeeper who has price to tangible book value definition experience in your industry. If that isn’t possible, we try to make sure that a member of the bookkeeping team has the experience necessary to handle industry-specific questions that you may have.
You can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping. Ongoing communication is available at any time via document sharing and live chat, either with your bookkeeper or a how to check if an ein is valid member of your bookkeeper’s team. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
No Comments