Bookkeeper360 Company Profile: Valuation & Investors

Provider of online bookkeeping services designed to help small and medium-sized businesses with their bookkeeping and accounting. The company offers virtual bookkeeping, payroll, taxes, back-office, CFO advisory, and HR, enabling clients to have a one-stop shop for accounting and advisory needs. 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 also check your working capital and debt-to-equity ratio to measure your business’s short-term and overall liquidity. Upon enrollment, you’ll be assigned a dedicated bookkeeper who will work with you to figure out the best strategy for your business. 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.

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They specialise in helping to choose apps that integrate with Xero to boost business performance for some of those industries. We require our bookkeepers and CPAs to take continuing education courses and maintain active software certifications. Our team-based approach ensures that you get the knowledge and expertise you need on your accounting team. Student loan management services made available in partnership with Spinwheel Solutions, Inc. Betterment aims to simplify your plan administration, making it easy for you to offer your employees a better 401(k) quickly—all for just a fraction of the cost of other providers.

You can view profit and loss details, revenues, direct costs, and net income. For cash-basis accounting, pricing starts at $399 per month for companies with up to $20,000 in monthly expenses. For accrual-basis accounting, prices start at $549 per month for companies with up to $20,000 in monthly expenses.

Services

Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Betterment LLC is not registered. It can update your books even if they’re way behind, but you have to tell your dedicated bookkeeper during the first meeting so that they know where to start. Danielle is a writer for the Finance division of Fit Small Business. She has owned a bookkeeping and payroll service that specializes in small business, for over twenty years.

Due to compensation, they have an incentive to recommend Betterment, which is a conflict of interest. Bookkeeper360 is compensated up to $3,000 when a company signs up for a Betterment at Work 401(k) plan resulting from their referral. You can also reach out to your dedicated adviser through the Tasks section, which eliminates the need to email your bookkeeper if you have questions. You can create a task for your bookkeeper, set a due date, and wait for them to get back to you. This feature is available because the communication happens within the Bookkeeper360 interface. Tim is a Certified QuickBooks Time (formerly TSheets) Pro, QuickBooks ProAdvisor, and CPA with 25 years of experience.

Run your business & understand accounting

Save time and find higher-quality jobs than on other sites, guaranteed. Different properties may be provided by a different entity with different marketing standards. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. There are not too many cons at all besides the fact that they are remote – I would not really consider this a negative as in-house bookkeepers are not a necessity for us anymore. This advisor is a certified professional with the following accounting packages.

By using this chart, you can assess monthly cash needs based on expected cash inflows and outflows. The payroll team will process payroll for both employees and contractors and provide full-service support with health benefits, direct deposit setup, W-2s, and 1099s. Bookkeeper360 also integrates with other payroll providers like Gusto and ADP. If you decide to get this service, it will only take less than two weeks to set up. You deserve a team of real people who care, bookkeepers, accountants, and CPAs dedicated to your business financials, doing accounting for you.

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It allows business owners to create business and financial plans, conduct cost and margin analysis, generate income statements, and calculate sales taxes. out-of-state delivery sales, founded in 2012, is a financial technology firm that offers accounting and cloud-based bookkeeping and business advisory services. As a Xero Platinum partner, Bookkeeper360 provides seamless integration with Xero’s cloud-based accounting software. The three subscription plans for core bookkeeping services are listed below.

• Under cash-basis accounting, revenues and expenses are recorded when cash is paid or received.
• Due to compensation, they have an incentive to recommend Betterment, which is a conflict of interest.
• Bookkeeper360, founded in 2012, is a financial technology firm that offers accounting and cloud-based bookkeeping and business advisory services.
• You can create a task for your bookkeeper, set a due date, and wait for them to get back to you.

The blue line represents current year data, while the gray line represents previous year’s data. You can use this year-over-year comparison to spot seasonality in revenues and expenses. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services.

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners.