Fincent vs QuickBooks Live for November 2025 Bookkeeping Services

The app allows you to view dashboard data, create and send invoices, and accept payments. You can also what is qbo capture receipts and attach them to expenses, reconcile transactions, view customer information, and message customers. During our test run, we found the app well-organized and straightforward. One of the biggest issues you’ll find with QuickBooks is poor customer support. There are also a few kinks in how the software is organized, and the software can be a little expensive, especially if you upgrade to the Advanced plan for more features and users.

QuickBooks Live Bookkeeping Review 2023: Pricing, Services, and More

Finally, we were told that if we purchased the “Plus” QuickBooks Live plan, Full Service bookkeeping would be an additional $1500 for a whole year. Combined with the cost of Plus, that breaks down to roughly $224/month – not terrible compared to rivals, but not as cheap as it seemed on the surface. Desktop Enterprise targets larger operations that need complex inventory, advanced reporting and tailored industry tools. Its yearly cost makes sense only for those who rely on those specialized features or already have internal IT support to manage installation and updates. Since small businesses usually prioritize flexibility and cash flow, QuickBooks Online delivers better overall value. We were impressed by QuickBooks Online’s automation tools, which stand above some competing platforms we reviewed.

• It’s time to elevate your financial management and conquer the world of numbers with confidence and a touch of humor.
• For example, you don’t have to worry about importing your bank statements, since they’re brought in automatically.
• Years ago the complaints were more like, “the hold times are too long” and “I had to talk to three people in a row”.
• Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
• The service doesn’t include financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll.
• Your bookkeeper takes the lead on your bookkeeping and runs essential reports so you can focus on your business.

User Interface and User Experience

This article provides a comprehensive QuickBooks Live Bookkeeping review, exploring its features, benefits, and how it can help your small business maintain accurate financial records. QuickBooks Live serves as a useful part of your business’ financial picture, but it’s not a complete package. You’ll still need a QuickBooks Online subscription to have full features, and you’ll likely still need to work with a CPA when Debt to Asset Ratio it comes time to file your taxes.

QuickBooks Live Bookkeeping Review: Features, Pros & Cons

• There are two more junior versions (Simple Start and Self-Employed) that are much less expensive and better suited to the smallest of businesses.
• It is surprising how many of the issues posted on this forum would fail to exist if members were using local bookkeeping and payroll services.
• I was a little concerned when the customer service agent said it would be $1,000 for the first month of service – especially considering that’s not what’s shown on the website.
• The primary features of QuickBooks Live Bookkeeping revolve around making it as easy as possible for small businesses to keep their financial records up to date.
• Our bookkeepers can’t prepare or file your taxes for you as part of your QuickBooks Live Expert service – even if they’re a credentialed CPA.
• At the end of each month, receive crucial reports to guide your important business decisions, ensuring you remain well-informed and prepared for future endeavors.

Now my customer has an absolyte mess and paid well over $15,000 for it. Sorry, but erroneous transactions you pulled off of someone else’s PayPal register DO NOT go in Distributions to the Owners. We ( as local professionals) care about our customers and do everything in our power to make them happy. This has been a serious detriment to my small business, so stressful and a complete waste of my time. Quickbooks is not the company they advertise and not the company I thought they were. I had a bookkeeper assigned to my account but never got a chance to have that initial call to set everything up.

Throughout your engagement with QuickBooks Live Bookkeeping, your bookkeeper will manage your books for you and provide you with month-end reports. They will also help you with ongoing, basic bookkeeping and QuickBooks questions, like how to use QuickBooks’ reporting features, assistance with bank connections, and setting up customers and vendors. Your QuickBooks Live Bookkeeper will not send invoices, pay bills, manage your inventory, or provide tax or financial advisory services.

QuickBooks Online also shines when it comes to report generation, outperforming many competitors. The software boasts multiple built-in reports, including aged receivables reports, general ledger reports, profit-and-loss statements, trial balance reports and balance sheets. During our test, we liked that you can set frequently used reports as favorites to make them easy to find. The software can automatically run reports and email them to you on a custom schedule. QuickBooks also allows you to create more data visualizations in custom reports.

Time Tracking

Pricing is nonetheless approachable for most firms, and QuickBooks Live is often more affordable than hiring independent professional bookkeepers. Keep in mind that QuickBooks Live is designed to work with QuickBooks Online and other QuickBooks software. You need to actively use QuickBooks, and QuickBooks Live pricing does not include a subscription to QuickBooks Online. QuickBooks Plus is so popular that many accountants in private practice support it. It’s possible some of them may charge a little less than what Intuit is charging. But Intuit’s prices for QuickBooks Live are reasonable considering the work involved and the support provided.

• Heidi Borst is a freelance journalist, healthcare content writer and certified nutrition coach with a love of all things health and wellness.
• QuickBooks can automate payment reminders, recurring invoices and bill payments.
• While all plans include basic accounting features, you can upgrade your plan for more advanced features.
• Some businesses will appreciate this guarantee that the service stands behind its work.

Unveiling QuickBooks Live Bookkeeping Service

However, Xero has a few advantages because it supports unlimited users at no additional cost, making it a solid choice for larger businesses. Although many customers like QuickBooks Online, there are a few significant shortcomings to the software. Frequent complaints about the software running https://www.bookstime.com/ slow have been addressed, but other problems still exist, like poor customer support and bugs on the mobile app. We took all of this user feedback into account when giving QuickBooks Online a user review rating of 4.2/5.

All the Latest Tech, Tested by Our Experts

• We like that you can choose which information to include in the header and select which columns to include in the body of the invoice (and edit their labels and widths).
• If you’ve been searching for a modern bookkeeping service that combines human expertise with AI efficiency, Fincent delivers both with impressive polish.
• QuickBooks Live is an add-on to the QuickBooks platform, so it’s not a complete accounting solution on its own.
• NerdWallet has engaged Atomic Invest LLC (“Atomic”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account with Atomic.
• Outsourcing bookkeeping to QuickBooks frees up business owners and their teams to focus on running the business.
• They accomplish this by interacting with your QuickBooks Online Plus account in three primary ways.

For accounting firms, Maxim Liberty has a specialized plan, whereas QuickBooks Live does not provide any dedicated services for accounting firms. But Bench also offers more extensive services, including historical bookkeeping, tax filing and advisory services. You can also pay extra for accounts receivable or accounts payable management. QuickBooks Live offers a choice of subscriptions based on the needs of your business and the volume of transactions. This can make it a cost-effective alternative to hiring an in-house bookkeeper or accounting firm, and you can upgrade the subscription as your business grows. The service ensures that the business’s financials stay up to date and provides cloud-based dashboards that offer performance insights and customized reports at any time.