1-800Accountant: Small Business Taxes, Bookkeeping & Payroll Services Online

virtual accountant

It offers all of the most important bookkeeping services—including invoicing customers, paying bills, full-service payroll, and preparation of financial statements. What’s more, it provides the full spectrum of tax and consulting services, including both income and sales tax return preparation. QuickBooks Live is our top pick for online bookkeeping services because it offers cleanup bookkeeping services that vary based on your company’s needs for your first month. This service is ideal for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it themselves. We reviewed multiple accounting software options using a detailed methodology to help you find the 9 best online bookkeeping services for small businesses.

FinancePal is best for small businesses that need bookkeeping assistance, including catch-up bookkeeping, entity formation and tax filing. Would you rather tackle accounting yourself instead of outsourcing it to a third party? Check out our list of the year’s best accounting software for small businesses to get started.

What Is a Virtual Accountant?

Since many accounting functions are on cloud-based platforms, it is relatively easy for an accountant to do remote work. With many clients it makes sense to break accounting tasks amongst a group of people. Founded in 1999 by two former members of Price Waterhouse, 1-800Accountant is one of the more established online accounting firms. It combines personal support from a nationwide team of experts with the convenience of digital technology for a flat rate, which is why we selected it as the best accounting firm for a basic plan. The leading online bookkeeping services offer many levels of security. Wave Advisors didn’t score well in terms of customer service, as it took a hit for not providing a phone number to call and not offering unlimited meetings.

virtual accountant

Bookkeeping can be a painful task for those who are not very good with numbers and small businesses doing it for the first time. Virtual CPA firms understand the importance of data security and employ robust measures to protect sensitive financial information. Through encrypted platforms and secure data storage systems, nonprofits and small businesses can trust that their financial data is safeguarded against unauthorized access and potential cyber threats. Running a successful nonprofit or small business requires a great deal of time, effort, and resources. One of the most crucial aspects is managing finances effectively in order to grow at a consistent rate.

Get your upfront pricing

Hourly services range from $40/hr to $90/hr for bookkeeping, $120/hr-$175/hr for controllership, and $200/hr-$400/hr for outsourced CFOs. This is more expensive than a freelance accountant, but typically outsourced firms offer more services, security, and experience. Fully Accountable is a full-service eCommerce accounting firm offering outsourced finance and accounting for eCommerce and technology companies. Freelancers, who must be approved by Paro, establish their own fees, but Paro does not list a range of typical rates you should expect to pay.

The virtual accountant then does the bookkeeping and sends the client reports for interpretation. Generally, you can reach the virtual accountant assigned to you through a given phone number, text, email, or the website. Virtual Accounting is a leading provider of innovative and reliable virtual accounting services. Discover the impact of our virtual accounting services through our latest project on cash flow forecasting.

Best Accounting Software for Small Businesses

When you scroll through their site you will not be able to find pricing information for their services but instead, you will be able to book a free consultation with them. Depending on the services you require, you will then be given a customized plan. They virtual accountant have a 90-day Financial Accelerator Program where you can outsource a CFO and get senior-level advice on your accounting and reporting. This is their automated accounting feature and you can access all information through the real-time accounting dashboard.