6 Bookkeeping Services to Help Maintain Your Company’s Finances

Only about 40% of small business owners believe they’re highly knowledgeable when it comes to accounting and finance.

Running a business takes a lot of work, and there are various areas that you need to cover. One aspect that often leaves a lot of people confused is bookkeeping. It’s something that takes a good amount of technical skills and experience, so you want to make sure you have the right person for the job.

In this guide, we’ll go over six of the best bookkeeping services that can help you maintain your company’s finances, as well as how you can hire a freelancer to handle things. Keep reading for more.

Bookkeeping Services

If you don’t have any experience in accounting, you’ll likely need to hire a bookkeeper for your company. You’ll also want to start making use of bookkeeping software, and there are several quality options available.

1. QuickBooks

This is one of the most well-known bookkeeping tools available, and millions of businesses worldwide use it. There’s a range of products available, such as QuickBooks Online, QuickBooks Live, and QuickBooks Self Employed. This makes it easy to find something that’s well-suited to your needs.

With QuickBooks, you can get a free 30-day trial, giving you plenty of time to try it out before committing to a plan. Alternatively, they often run promotions so you can sign up and save money from the start. They also offer a cloud-based option, and there’s a mobile app, so you can use it anywhere.

2. Wave

Wave is quickly becoming one of the most popular choices around. There’s a free option available, or you can go for a paid plan for additional features. This makes it great for small businesses that don’t have a huge budget to work with.

You can easily connect credit cards and bank accounts for automatic bookkeeping. It’s worth noting that they can provide a payroll management service for an additional fee.

3. Bench Accounting

This is a web-based platform and is incredibly powerful. Any company can use it, but it’s geared more toward smaller businesses (ones that make less than about $5 million a year).

If you opt for Bench, you’ll benefit from their bookkeeping services team. They can offer assistance if you run into any issues, helping you potentially save a lot of time.

Bear in mind, however, that Bench doesn’t integrate with other bookkeeping tools. If you want to change providers in the future, it could make things more challenging.

4. FreshBooks

FreshBooks is ideal for businesses that send a lot of invoices; that was the main purpose of it when it was first created. It has developed since then so that it can now help with various other bookkeeping tasks such as bill payment options, expense tracking, and business health reporting.

FreshBooks has a range of customizable invoicing features that other platforms lack. It doesn’t, however, include a payroll management service. There are several pricing plans to choose from, so you can choose one that’s ideal.

5. Bookkeeper

For a larger business that needs more than just standard bookkeeping services, Bookkeeper could be the answer. Signing up will get you a dedicated accounting manager working directly with your company. They’re certified QuickBooks Pro Advisors, so you can trust that they know everything needed to help your company.

You can integrate Bookkeeper with Quickbooks and Xero, and your accounting manager knows how these work, so you won’t have any issues. You’ll also get weekly reports and plenty of industry insights.

With this level of service comes a much higher price point than the other tools available. The beginning package is $449 per month, which is only suitable for larger businesses needing the best service available.

6. Xero

When it comes to small business solutions, Xero is one of the best. It’s basic and easy to use, which is ideal for simple accounting tasks. You can accept payments, track bills, store files, manage payroll, and more.

Xero is cloud-based, and there’s an easy-to-use mobile app available. It also integrates with Gusto so you can monitor payroll and invoices in one place. Just bear in mind that it’s not quite as advanced as some other platforms.

Hiring a Freelance Bookkeeper

While a bookkeeping services can be helpful, you still need someone to manage things. For many companies, bookkeeping isn’t a large enough role to hire someone to do it full-time. Something that a lot of businesses are doing these days is working with a freelance virtual assistant instead.

As freelancers, virtual assistants can be contracted for a set number of hours to take care of specific tasks. You can find one to do only the work that’s needed and nothing else.

This is often far more cost-effective than hiring an employee. You can also easily find freelance bookkeepers that have plenty of experience, so you might not need to provide any training whatsoever.

It’s worth noting that many virtual assistants offer a range of services. There could be other tasks that your business needs a little help with, and a virtual assistant might be perfect.

It’s also easy to adjust the hours of a freelancer. If you need them to work a little more or a little less, you can discuss this with them so that you can find a solution that works well.

Finding the Right Freelancer For You 

If you’ve never hired a freelancer before, you might not know where to begin. Fortunately, finding a freelancer for your bookkeeping services is easier than you might think.

FreeUp is an online platform that’s dedicated to connecting businesses with freelancers. You can sign up now and start looking for the perfect freelancer today.