QuickBooks Live Bookkeeping 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. First, a bookkeeper goes through your past books line by line and brings them up-to-date. This includes a detailed review of your chart of accounts to ensure all of your past transactions are organized correctly. If you haven’t worked with a bookkeeper before, it may take you some time to learn how to utilize the QuickBooks Live service best.
To support your bookkeeper’s work, you’ll be responsible for managing your business and providing information to your bookkeeper when they need it. Managing your business includes sending invoices, paying bills, and management of inventory, accounts receivable, and accounts payable. Full-Service Bookkeeping doesn’t include sending invoices, paying bills, or management of inventory, accounts receivable, quickbooks live or accounts payable. 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 Full Service Payroll for an additional cost. Use the QuickBooks Live Bookkeeping service to make sure your books are up-to-date, accurate, and ready for tax time.
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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 https://www.bookstime.com/ 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 can contact your bookkeeper anytime to schedule a live video chat or to discuss questions or concerns about your bookkeeping.
I would ideally like to group these expenses by month in our FY, but I can’t even figure out the basic report. For a small business that needs help with bookkeeping and expense entry, QuickBooks Live Bookkeeping is a great resource to get the work done for a low monthly fee. 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. 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.