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.
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 what financial statement lists retained earnings 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.
Why You Can Trust Fit Small Business
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.
- 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.
- Small businesses often schedule video appointments once or twice per month to discuss questions and to review results.
- You’ll also need to give them descriptions of any established capitalization or accounting policies for your business.
- You can cancel your QuickBooks Live plan or upgrade from Live Expert Assisted to Live Expert Full-Service Bookkeeping at anytime.
- We believe everyone should be able to make financial decisions with confidence.
- 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 Live Bookkeeping Services
You can cancel your QuickBooks Live plan or upgrade from Live Expert Assisted to Live Expert Full-Service Bookkeeping at anytime. To downgrade from Expert Full-Service Bookkeeping, you may need to wait until the end of your current subscription billing period. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. You are partnered with a dedicated bookkeeping team you can communicate with regularly, they do all your bookkeeping for you, and you are presented with tax-ready financial statements. 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.
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.
Best Accounting Software for Small Businesses of 2024
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.
You’ll also see a step-by-step task list maintained by your bookkeeper, which shows the tasks that have been completed. We believe everyone should be able to make financial decisions with confidence. If you have historical records for your business, we’ll review your books during your first appointment to see if you’re eligible. Or let a tax expert powered by TurboTax do your taxes for you, start to finish. 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. Connect with experts year-round for advice and guidance, with best-in-class tools to support you as your business grows.