10 Accounting Services for Small Business


All small businesses need to keep track of their cash flow and develop financial reports to increase profitability. However, it is not always possible or sensible to hire an entire accounting team. Fortunately, online and outsourced accounting services are available to cover these needs. Here’s a guide to small businesses.



What is an accounting service?

An accounting service is an external provider that reviews your books and provides information to help your team make financial decisions. Unlike accounting software, this type of service includes a financial advisor or other professional to help you. Here are some of the features that accounting services typically offer:

  • Measure cash flow
  • Study the balance sheets to help you pay off debt or reduce expenses
  • Develop financial reports to inform your decisions in the future
  • Create projections of future benefits
  • Track payroll services and employee benefits
  • Provide tax services to limit your year-end payments
  • Manage accounts payable and accounts receivable
  • Maintain a general record of transactions

Why You Should Consider Using Small Business Accounting Services

Small business accounting services can benefit almost every business, but especially those that need help managing finances without the resources to hire an accountant. Here are some specific benefits for small businesses:

  • Make better financial decisions: Accountants provide an overview of your financial situation to improve your decision making.
  • Keep up to date with tax returns: An accounting service should also keep track of your tax commitments so that you can pay quarterly and keep track of all possible deductions.
  • Save time on accounting and bookkeeping services: Your computer time may be better spent on high-level work than on recovery accounting tasks.
  • Avoid overpaying for various services: Accounting services also keep track of expenses, which can inform areas where you can make cuts or switch to less expensive providers.
  • Keep up to date with payments: Late payments may result in late fees or interest payments.

The Best Accounting Services for a Small Business

If you are a small business owner looking for an accounting service provider, here are some key options to consider.

1. 1-800Accountant

1-800Accountant offers online accounting software and calls with real counters. Services include taxes, accounting, payroll, and business start-ups. A free plan is available. And payment plans start at $ 125 a month.

Advantages:

  • Free telephone consultation
  • Personalized advice from a CPA
  • 30 day money back guarantee

Cons:

  • Ongoing payments instead of on-demand services
  • Smartphone apps not available

1-800Accountant offers direct support from accountants and accountants. But it is not the highest tech or intuitive offer.

2. Money

inDinero is one of the best online accounting services available for small businesses. The service provides software along with information from actual CFOs. The price starts at $ 300 a month.

Advantages:

  • Real time financial information
  • Scalable solutions for companies in different stages
  • It integrates with paid solutions like Bill.com and Expensify

Cons:

  • You can work with different CFOs during each call
  • More expensive than some other options

If you are looking for software as a service accounting solution, inDinero’s proprietary software and CFO access can help.

3. Blog Advisors

Led by H&R Block, Block Advisors offers virtually personalized business advice. Services start at $ 50 a month, but each option is billed separately.

Advantages:

  • Guarantee of 100% accuracy in taxes
  • Tax professionals receive ongoing training every year
  • Free consultations available

Cons:

  • It does not integrate with QuickBooks or other popular accounting options
  • Separately billed services

Block Advisors is an ideal choice for those who need extra help with taxes or those who focus on a single area.

4. Sunrise

Sunrise is a free accounting service that provides information on everything from cash flow to expenses. A payment plan is also available.

Advantages:

  • No cost
  • Log in to your bank account
  • Create and send branded invoices

Cons:

  • It still requires you to update your expenses and payments
  • Accepts payment processing fees

Sunrise is a solid solution for those with a low budget for financial services and for those who want to manage their own accounting.

5. QuickBooks Live

QuickBooks Live offers real-world experts to help you with your books. This solution is easy to integrate with the tools you already use. Prices start at $ 12.50 per month, with a free trial available.

Advantages:

  • Easily integrate with your existing books
  • Guarantee of accuracy
  • Pair with an ongoing counter

Cons:

  • Does not include billing
  • No billing features

QuickBooks Live is an additional feature for those who already use QuickBooks software.

6. Pilot

Pilot includes a variety of financial services under one plan. You can customize your offers and access a dedicated team. The price starts at $ 599 a month.

Advantages:

  • Financial reports adapted to each sector
  • Access to a dedicated counter
  • Additional services are available

Cons:

  • More expensive than many other services
  • Different services need to be acquired for accounting, tax and CFO services

Pilot offers customizable deals for businesses that can afford continued spending.

7. Stop

Paro is a financial application that uses AI to help you find the best experts and services for your needs. Get a list of experts who meet your requirements and work directly with them. Prices vary depending on the services and the level of experience.

Advantages:

  • Fully customizable.
  • Get a dedicated CFO
  • Ability to compare skills and services

Cons:

  • Each expert controls their own hourly rate
  • Experience can vary greatly

Paro is more of a marketplace than an accounting agency. But it can help you find relevant professionals.

The best accounting services for small businesses

Accounting includes keeping a record of ongoing transactions, rather than providing financial analysis or knowledge. If you are interested in outsourcing accounting, these services can help.

8. BookKeeper.com

BookKeeper.com offers a variety of virtual accounting services. They offer a variety of plans with DIY options, online support, and monthly calls. The price starts at $ 399 a month.

Advantages:

  • Dedicated bookends
  • Integrates with QuickBooks
  • Possibility to add services

Cons:

  • It can be costly for new businesses
  • Some features are DIY

BookKeeper.com offers an all-in-one solution that can be customized to your needs

9. Banc

Bench offers access to a computer counter and a DIY platform. Prices start at $ 249 per month, with a free trial available.

Advantages:

  • Individualized support
  • It integrates with paid solutions
  • Provides financial reports

Cons:

  • Specialized accounting and recovery are added costs
  • It does not integrate with popular accounting platforms

Bench combines proprietary software with real counters to customize small business services.

10. Accountant360

Bookkeeper360 offers cloud-based accounting using Xero, QuickBooks, and Gusto. Monthly plans start at $ 349.

Advantages:

  • Monthly, accrual and payment plans are available
  • It integrates with multiple accounting solutions
  • Dedicated account manager

Cons:

  • Additional financial solutions are billed separately
  • Smaller plans do not include unlimited support

Bookkeeper360 includes a variety of accounting options and services, with several payment options for businesses with different needs.

How to Choose the Best Accounting and Bookkeeping Services

If you are looking for the best accounting services for your small business, here are some tips:

  • Prioritize financial services: Need help with financial reporting? Taxes? Accounting? payroll? List the services you need and look for platforms that support these options.
  • Look for essential integrations: It’s easier to get started if your service integrates with the accounting or tax services you already use.
  • Consider your budget: How much can you afford each month? Or does it make more sense to pay on demand? Some services even offer free options.
  • Try different options: Many accounting services offer free trials. Try them out or sign up for demos to see which ones are the most intuitive for you.

Do all companies need accounting services?

No, you can hire internal accountants or manage financial analysis on your own. However, many small businesses can benefit from outsourcing accounting services.

What is the average cost of accounting services for small businesses?

The cost of accounting services varies depending on the type of plan and the additional services you choose. Many offer personalized pricing options and some even have free plans. However, the average monthly fee often falls between $ 200 and $ 300.

Image: Depositphotos


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