Blog

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. 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. Small businesses often schedule video appointments once or twice per month to discuss questions and to review results.

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. Unlike QuickBooks Live Bookkeeping, Bench also offers historical bookkeeping services beyond the last filed tax return as well as tax filing and advisory services. And if you need accounts receivable or accounts payable, Bench offers specialized bookkeeping for an additional fee.

How Live Expert Full-Service Bookkeeping works

In addition to having a dedicated professional, you’ll have access to an extended bookkeeping team if you have any questions. Pricing for the Full-Service Bookkeeping varies from $300 to $700 per month after a custom cleanup fee is charged for the first month. Our detailed QuickBooks Live Bookkeeping review and evaluation aim to help you determine if this is the best service for your business.

1. After you sign up, you’ll provide QuickBooks with information about your business, and within a few minutes, you’ll be matched with a bookkeeper who has expertise in your industry.
2. 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.
3. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.
4. The service’s biggest drawback is its limited services and lack of access to financial advice.
5. We consider the opinions of users and the service’s ratings on various review sites.
6. You can also meet with them to review reports and receive assistance with any bookkeeping questions.

You’re limited to one scheduled appointment at a time and appointments have to work within your bookkeeper’s schedule. Communications that are available any time include document sharing and live chat with a member of your bookkeeper’s extended team. They can also send PDF copies of key financial reports including your profit and loss statement and balance sheet. 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.

Full-Service Bookkeeping

When you sign up for Live Bookkeeping, we match you to a bookkeeper with experience in your industry. Yes, accounting special journals you’re free to switch QuickBooks Online plans or cancel at any time. Typical cleanup is complete within 30 days after receiving all necessary documentation. Connect one-on-one with experts so you can manage your books with ease. Feel confident about your business and your books with QuickBooks experts by your side to help you succeed. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.

What is a QuickBooks live bookkeeper?

Ongoing communication is available at any time via document sharing and live chat, either with your bookkeeper or a member of your bookkeeper’s team. Terms, conditions, pricing, special features, and service and support options subject to change without notice. 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.

QuickBooks Live Bookkeeping Review & Pricing in 2024

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.

Eric is an accounting and bookkeeping expert for Fit Small Business. He has a CPA license in the Philippines and a BS in Accountancy graduate at Silliman University. We evaluated QuickBooks Live based on tax and consulting services, personal bookkeeper, user reviews, bookkeeping services, and pricing. Activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below. After you sign up, you’ll provide QuickBooks with information about your writing your program description business, and within a few minutes, you’ll be matched with a bookkeeper who has expertise in your industry.

Keep reading Forbes Advisor for the chance to see the answer to your question in one of our upcoming stories. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Hand off your books to a Live bookkeeper and get how to prepare financial statements back to what you do best. Answer a few questions about what matters to your business and we’ll recommend the right fit. By accessing and using this page you agree to the Website Terms of Service. You can request a callback anytime when you need a little extra help.