Bookkeeper360 Review: Pricing, Features, and Top Alternatives

Bench certainly doesn’t win in the additional features section of this competition, but it does have proprietary software and doesn’t rely on QuickBooks. When you sign up for Bookkeeper360, you’ll be assigned a dedicated bookkeeper who will meet with you over the phone to create a service strategy that meets your needs. That includes determining the frequency of the service and deciding whether you require services in addition to bookkeeping, such as payroll and HR or tax filing. Then, you’ll connect Bookkeeper360 to your accounting system—either QuickBooks or Xero—and work online collaboratively with your bookkeeper to manage your finances. Aside from bookkeeping services, Bookkeeper360 offers a web-based app that summarizes your data from QuickBooks or Xero and transforms it into visually-appealing charts and graphs.

It shows that revenue sometimes increases, decreases, peaks, or plummets. This revenue source is not present in all months while merchandise licensing is consistent in almost all months.

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By using this chart, you can assess monthly cash needs based on expected cash inflows and outflows. Trends show you business revenues, direct costs, and operating expenses along its composition. This section of Bookkeeper360 can provide you with insights regarding composition of revenues and cost behavior. If you https://www.bookstime.com/ want a more detailed view of business performance, you can switch to the Metrics view to year-over-year data for revenue and common size amounts for gross profit, net income, and payroll. You can also check your working capital and debt-to-equity ratio to measure your business’ short-term and overall liquidity.

Merritt doesn’t offer many of the online accounting services that our other favorite virtual bookkeepers do, like payroll management, invoicing, or tax filing. But it provides enough outsourced accounting services to free bookkeeper360 up valuable time. Quickbooks Time is a highly-rated time tracking and employee timesheet program. Using QuickBooks Time, organizations can stop losing paper time cards or making mistakes in their payroll spreadsheets.

Bookkeeper360 Review: Pricing, Features, and Top Alternatives

You will receive an email invitation from Hubdoc inviting your accountant to access your account. The CFO will help in determining and evaluating key performance indicators, performing profitability analysis, developing a growth strategy, and optimizing cash flow. If you’re using Xero or QuickBooks, both the desktop and mobile apps will connect to your account and provide information like scorecards and metrics. Using the app, you can keep track of business performance by looking at dashboards and auto-generated reports. You can view profit and loss details, revenues, direct costs, and net income. Upon enrollment, you’ll be assigned a dedicated bookkeeper who will work with you to determine the best strategy for your business. Bookkeeper360 assigns United States-based bookkeepers to keep your books up to date.