How can QuickBooks Live a smart decision for your business?
We often talk about how accounting programs can streamline your business’s accounting. What if there was software that could make your accounting more efficient and even do it automatically for you?
This is the concept behind QuickBooks Live bookkeeping, a new feature. Can it do everything it says? What is the cost of this system? Is it worth it for your business? All these questions can be answered by reading on.
What is QuickBooks Live?
QuickBooks Live, an extension to the QuickBooks Online accounting program, pairs your business with a remote team of professional human bookkeepers. QuickBooks claims that all of their Live bookkeeping team members are certified ProAdvisors (some CPAs) who have experience working with small businesses.
The team will work with you throughout the month to “maintenance, update, fix and reconcile transactions” through a video chat. The team will close your books at the end of each month and send you relevant reports that will help you evaluate the financial condition of your business.
QuickBooks recommends that you check in on your team at least once per month to assess how things are going. You can schedule a video chat, or leave a message through QuickBooks Online.
How much does QuickBooks Live cost?
QuickBooks Live offers three pricing levels, depending on the size and type of your business.
- For businesses that have less than $25,000 in monthly expenses, low-volume bookkeeping costs $270 per month.
- For businesses that have up to $150,000 monthly expenses, medium-volume bookkeeping costs $470 per month.
- For businesses that have more than $150,000 in monthly expenses, high-volume bookkeeping costs $670 per month.
All plans include QuickBooks Online Plus accounting software, which is normally $70/month. QuickBooks also offers a $35 discount for the first three months.
QuickBooks Live can not be used as a standalone bookkeeping solution. To use QuickBooks Live, you must be a QuickBooks Online user.
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QuickBooks Live is a good choice for your business
Two types of business can rule QuickBooks Live out right away:
- Businesses that don’t use QuickBooks Online, or aren’t considering QuickBooks Online can exclude QuickBooks Live. You can’t use QuickBooks Live without QuickBooks Online PLUS.
- Businesses who are satisfied with their outside accountant or in-house bookkeeper: There’s no reason for you to spend several hundred more per month to get started.
QuickBooks Live is a great option if your business uses QuickBooks (which there is a good chance that you are) or if it’s something you’re considering, QuickBooks Live might be a good fit. You are in that group.
- You have trouble with bookkeeping. Your books aren’t balanced, or you don’t have the reports that you need for tax time.
- You can budget $270-670 per month (depending on your business size) to keep your money straight. It doesn’t make sense to go into debt just to be told you are in the red.
QuickBooks Live could be the right choice for you.
We often talk about how accounting programs can streamline your business’s accounting. What if there was software that could make your accounting more efficient and even do it automatically for you?
This is the concept behind QuickBooks Live bookkeeping, a new feature. Can it do everything it says? What is the cost of this system? Is it worth it for your business? All these questions can be answered by reading on.
What is QuickBooks Live?
QuickBooks Live, an extension to the QuickBooks Online accounting program, pairs your business with a remote team of professional human bookkeepers. QuickBooks claims that all of their Live bookkeeping team members are certified ProAdvisors (some CPAs) who have experience working with small businesses.
The team will work with you throughout the month to “maintenance, update, fix and reconcile transactions” through a video chat. The team will close your books at the end of each month and send you relevant reports that will help you evaluate the financial condition of your business.
QuickBooks recommends that you check in on your team at least once per month to assess how things are going. You can schedule a video chat, or leave a message through QuickBooks Online.
How much does QuickBooks Live cost?
QuickBooks Live offers three pricing levels, depending on the size and type of your business.
- For businesses that have less than $25,000 in monthly expenses, low-volume bookkeeping costs $270 per month.
- For businesses that have up to $150,000 monthly expenses, medium-volume bookkeeping costs $470 per month.
- For businesses that have more than $150,000 in monthly expenses, high-volume bookkeeping costs $670 per month.
All plans include QuickBooks Online Plus accounting software, which is normally $70/month. QuickBooks also offers a $35 discount for the first three months.
QuickBooks Live is a good choice for your business.
Two types of business can rule QuickBooks Live out right away:
- Businesses that don’t use QuickBooks Online, or aren’t considering QuickBooks Online can exclude QuickBooks Live. You can’t use QuickBooks Live without QuickBooks Online PLUS.
- Businesses who are satisfied with their outside accountant or in-house bookkeeper: There’s no reason for you to spend several hundred more per month to get started.
QuickBooks Live is a great option if your business uses QuickBooks (which there is a good chance that you are) or if it’s something you’re considering, QuickBooks Live might be a good fit. You are in that group.
- You have trouble with bookkeeping. Your books aren’t balanced, or you don’t have the reports that you need for tax time.
- You can budget $270-670 per month (depending on your business size) to keep your money straight. It doesn’t make sense to go into debt just to be told you are in the red.
QuickBooks Live could be the right choice for you.
