Bookkeeper360 Crunchbase Company Profile & Funding

Bookkeeper360

Aside from tax, the Bookkeeper360 team will work with you to analyze your financials and determine a strategy to manage and grow your business through the CFO advisory program. This separate service includes capital management and business coaching. With a CFO, you can optimize your business, minimize costs, and maximize profits through effective planning, organizing, and monitoring. If you’re using Xero or QuickBooks, both the desktop and mobile apps will connect to your account and provide information like scorecards and metrics. Using the app, you can keep track of business performance by looking at dashboards and auto-generated reports. You can view profit and loss details, revenues, direct costs, and net income.

Bookkeeper360

As a Xero Platinum partner, Bookkeeper360 provides seamless integration with Xero’s cloud-based accounting software. Collective offers financial solutions for self-employed business owners. It provides financial solutions such as bookkeeping, tax management, accounting, payroll management, and more. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. With Bench, you not only receive online bookkeeping services but access to its proprietary bookkeeping software as well.

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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. Bookkeeper360 is working on its own application, 360app, that will allow you to manage all of your Bookkeeper360 services, from accounting to financial planning, in one place. This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages. The specific bookkeeping features you receive with Bookkeeper360’s service will depend on the plan you develop. You have the option to create a custom solution; however, you can also choose one of the three pre-designed packages Bookkeeper360 offers.

It allows business owners to create business and financial plans, conduct cost and margin analysis, generate income statements, and calculate sales taxes. Bench offers its services in five plans, designed to accommodate businesses of different sizes based on their monthly expenses. Regardless of your plan, Bench connects you with a dedicated bookkeeper with whom you work to set up all of your information and accounts on the Bench platform. Bookkeeper360 can work with a variety of payroll solutions, including top providers like Gusto and ADP. It also gives you the option to integrate Xero with these different solutions to sync your payroll data.

Bookkeeper360 Tax & Consulting Services

Visit Bookkeeper360’s Back-Office Technology page for more information about these services. Then, your bookkeeper will reconcile your accounts, categorize transactions, produce financial statements — overall handling your essential bookkeeping tasks on a monthly basis. You can also call your bookkeeper or message them in Bench for support whenever you’d like. Despite these significant benefits of Bookkeeper360, there are also downsides to this online bookkeeping service worth considering. 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.

Upon enrollment, you’ll be assigned a dedicated bookkeeper who will work with you to figure out the best strategy for your business. That includes determining the frequency of the service and deciding whether you require services in addition to bookkeeping, such as payroll and HR or tax filing. Then, you’ll connect Bookkeeper360 to your accounting system—either QuickBooks or Xero—and work online collaboratively with your bookkeeper to manage your finances. Kruze Consulting provides accounting, finance, HR, and tax consulting to seed and venture capital-funded startups.

App details

You can also use the Bookkeeper360 App without bookkeeping services for $19 per month. Our Bookkeeper360 review provides more information about the available services. With the Weekly plan, you’ll receive a dedicated accountant who will perform your bookkeeping on a weekly basis. This plan will also include cash and accrual basis accounting and reporting, as well as invoice and expense management, technology consulting, monthly financial reviews and weekly catchup calls. Unlike Bookkeeper360, however, Bookkeeper.com only works with businesses that use QuickBooks. With Bookkeeper.com, you can choose from two pricing plans, based on the number of transactions you make per month.

Bookkeeper360

Digits develops application programming interfaces (API) for businesses and finance professionals. It uses classification algorithms, and machine learning techniques to provide a real-time view of a business’s finances. The company was founded in 2018 and is based in San Francisco, California. Although Bench does not provide tax services, it can work directly with your CPA during tax time or connect you to a tax professional in its network. Bookkeeper360 offers several different services and solutions for business owners — and, because of the variety of its services, the ultimate cost of working with Bookkeeper360 will also vary.

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Pilot provides bookkeeping, tax, and chief financial officer (CFO) services to startups and small businesses. It manages users’ financial recordkeeping, including invoicing, expense tracking, bank reconciliation, and more. It prepares users’ taxes and provides financial expertise and guidance to make informed business decisions. It offers solutions for startups, consumer goods and retail companies, and more.

Bookkeeper360

If you’re unsure whether Bookkeeper360 is the right assisted bookkeeping service for you, check out our guide on the best online bookkeeping services for more choices. From bookkeeping to payroll, to tax and CFO advisory, we provide a complete set of financial solutions for your business. 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.

Additional info

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. IOOGO offers a web and mobile application that facilitates the process of filing taxes. It provides users with quick and easy-to-use solutions regarding financial tasks.

  • Bench is also a great option if you don’t already use accounting software — as it has its own software platform.
  • If you want a more detailed view of business performance, you can switch to the Metrics view to year-over-year data for revenue and common size amounts for gross profit, net income, and payroll.
  • The company was founded in 2012 and is based in San Francisco, California.
  • On the whole, Bookkeeper360 is a good solution for startup and growing companies.

Moreover, just like Bookkeeper360, Bookkeeper.com offers additional services for payroll, tax planning and management, as well as general financial planning. Bookkeeper360 offers tax services that include individual or business income tax filings, local tax filings, 1099 reporting, and overall tax planning and compliance. Included in the tax services is tax advisory, where you can consult your dedicated tax advisor for tax-related matters. Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service. If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you.

On the whole, Bookkeeper360 is a good solution for startup and growing companies. Under cash-basis accounting, revenues and expenses are recorded when cash is paid or received. Meanwhile, accrual accounting records revenue and expenses when earned or incurred. Learn more in our cash- vs accrual-basis accounting method comparison, which also covers when to use each.

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It shows that revenue sometimes increases, decreases, peaks, or plummets. This revenue source is not present in all months while merchandise licensing is consistent in almost all months. As a business owner, you can use this chart to analyze revenue not just as a whole but in different components. You can also reach out to your dedicated adviser through the Tasks section, which eliminates the need to email your bookkeeper if you have questions. You can create a task for your bookkeeper, set a due date, and wait for them to get back to you. This feature is available because the communication happens within the Bookkeeper360 interface.

One of the notable benefits of Bookkeeper360 is that almost all of its reviews online are extremely positive. Additionally, Bookkeeper360 offers custom app integrations based on specific project and business needs. After setting up your accounting system, you’ll be able to use the Bookkeeper360 cloud-based platform to communicate and work with your bookkeeper or accountant. Our partners cannot pay us to guarantee favorable reviews of their products or services. You can also change it per quarter and present it as trailing 12 months, trailing 24 months, or previous calendar years.

Bookkeeper360 Raises $3.5M in Seed Funding – FinSMEs

Bookkeeper360 Raises $3.5M in Seed Funding.

Posted: Fri, 19 Aug 2022 07:00:00 GMT [source]

Although these are both great accounting solutions used by numerous business owners, this is a problem if you use another system. If you use a solution like Freshbooks or Wave and want to keep that software, you’ll have to search for another bookkeeping service. Bookkeeper360, founded in 2012, is a financial technology firm that offers accounting and cloud-based bookkeeping and business advisory services.

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