Bookkeeper360: Xero Accounting & Bookkeeping Solution

Posted June 19, 2023

Other companies offer attractive budget bookkeeping support, but little in the way of CFO guidance, while yet others cater to businesses that utilize a wide-variety of payment and payroll software integrations. On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR. Bookkeeper360 is an online bookkeeping service designed to help small and medium-sized businesses with their bookkeeping and accounting. When you sign up for Bookkeeper360, you receive a dedicated account manager, who will work with you to create a service strategy that meets your needs.

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Bookkeeper360’s greatest downside is its cost; however, those costs are made easily comprehensible (which we always appreciate). A business with $50,000 in monthly expenses would pay $599 per month for monthly support, and $749 per month for weekly support. Their weekly plan will get you a dedicated accounting team, in addition to advanced reporting metrics. For cash-basis accounting, pricing starts at $399 per month for companies with up to $20,000 in monthly expenses. For accrual-basis accounting, prices start at $549 per month for companies with up to $20,000 in monthly expenses.

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It allows business owners to create business and financial plans, conduct cost and margin analysis, generate income statements, and calculate sales taxes. Bookkeeper360, founded in 2012, is a financial technology firm that offers accounting and cloud-based bookkeeping and business advisory services. As a Xero Platinum partner, Bookkeeper360 provides seamless integration with Xero’s cloud-based accounting software. Online bookkeeping companies will often specialize in services for a particular type of company. Some companies on our list specialize in startups, with strategic cash-burn analysis, Series A-C funding guidance, and tax strategies to boot.

Bookkeeper360’s service does not require a contract, and you can cancel at any time. Keep in mind, however, that many services included in lower cost plans for other companies come at a hefty premium with Bookkeeper360. So, for example, if you have a small business with $50,000 of weekly expenses, looking for a monthly meeting, payroll back office, and CFO advisory, you’d be looking at $1,795 per month. Bookkeeper360’s app – which costs $19 per month on its own – offers an all-in-one management portal for your business.

What types of businesses can benefit from online bookkeeping services?

Trends show you business revenues, direct costs, and operating expenses along its composition. This section of Bookkeeper360 can provide you with insights regarding composition of revenues and cost behavior. Online business debt management has become widely popular because it meets the specific needs and challenges faced by … Moreover, with each of these service types, you’ll receive U.S.-based support and a platform with which to communicate with the Bookkeeper360 team, making its service not only expansive but accessible. When it comes to its payroll services, on the other hand, Bookkeeper360 bases pricing on the number of employees you have.

Bookkeeper360

Unlike Bookkeeper360 and Bookkeeper.com, Bench offers the same service regardless of your plan, the price only changes based on the amount of your monthly expenses.
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Bookkeeper360 is an accounting solution designed to help businesses view financial data, streamline bookkeeping operations, and track goals on a unified platform.
Like Bookkeeper360, Bookeeper.com is a U.S.-based online bookkeeping service provider that works with small businesses.

This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages. The three CFO Advisory plans are called “Advisory,” “Coaching” and “Inventory.” The Advisory plan includes services such as KPI reporting, profitability improvements and basic operational processes. The Coaching plan is more in-depth, not only providing assistance with overall systems and operations but also strategic planning and executive coaching. Finally, the Inventory plan is designed on a project basis and can accommodate inventory management, workflow planning, inventory projections and reorder points.

Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services.
The dedicated bookkeeper will meet you monthly to fix your books and generate monthly reports.
Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service.
Online bookkeeping services offer several advantages to businesses looking to manage their financial records efficiently.
What we like about this chart is that you can see the cost behavior of different cost drivers in the business.

Since 2012, Bookkeeper360 has been the trusted choice for thousands of small business owners. Our commitment to excellence and client success has earned us independent recognition as one of the top online bookkeeping solutions by publications such as NerdWallet, Forbes, and Entrepreneur Magazine. We evaluated whether the online bookkeeping service offered tax and consulting, and the scope of those services. The CFO will help in determining and evaluating key performance indicators, performing profitability analysis, developing a growth strategy, and optimizing cash flow. If you’re planning to expand your business but need additional capital, the CFO will help you forecast the business’s financials, craft business plans, and determine the optimal capital structure. The Bookkeeper360 app can also provide cash management insights using illustrative charts.

Plus, with a similar setup process to Bookkeeper360, you have the opportunity to talk directly to the Bookkeeping.com team to learn more about its offerings and find out if its service will work well for you. Perhaps one of the most helpful ways to judge a provider is by reading its customer reviews. One of the notable benefits of Bookkeeper360 is that almost all of its reviews online are extremely positive. Bookkeeping is the core service that Bookkeeper360 offers and is available by signing up for a consultation with its U.S.-based team. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services.

One of these services is its CFO Advisory services, in which you work with the Bookkeeper360 team to analyze your financials and determine a strategy to manage and grow your business. Like with its virtual bookkeeping services, the CFO Advisory support Bookkeeper360 offers is available in three different plans, as well as on a custom-package basis. Bookkeeper360 is an accounting solution designed to help businesses view financial data, streamline bookkeeping operations, and track goals on a unified platform.

If you have one employee, it will cost $45 per month; if you have 20 employees, it will cost $159 per month. Bookkeeper360 provides a sliding scale tool on its website for this cost. If you have more than 30 employees, you have to contact them directly to determine the cost of its payroll services. Similarly, Bookkeeper360 offers Advisory, Coaching and Inventory options for its CFO Advisory services.

Be on the lookout for an email from “” with your Bookkeeper360 App invite instructions within 48 hours of signing the proposal. The invitation email will have information about our Bookkeeper360 App, as well as containing a link where you can finish setting up your account. It’s easy bookeeper360 and free to get started with the Bookkeeper360 app – start syncing your data immediately by siging up for a 14-day free trial. The cash runway, also called cash burn rate, shows the estimated number of months until cash runs out. In the example above, the cash burn rate is 13 months, assuming the average monthly cash outflow remains the same.

Once you get engaged and it’s officially “go time” as far as planning goes, you may find yourself with a to-do list a mile long. Incorporation is the process of legally creating a corporate entity, which can be a separate legal entity from its owners, with its own … Our reviewers evaluate products and services based on unbiased research. This Bookkeeper360 review discusses features and pricing to help you determine if this is the right service for you.

The charts will show your cash inflows and outflows for the past 12 months, past 24 months, last calendar year, last two calendar years, and last three calendar years. It also shows cash insights by computing your net cash after deducting credit card liabilities. In cost and management accounting, operating expenses are mostly fixed costs and this cost behavior is evident in the sample chart above. You can use this chart to analyze the behavior of your business’ operating expenses. It isn’t in all cases that operating expenses are fixed and the chart from Bookkeeper360 can reveal fluctuations in expenses.