Looking for a remote bookkeeping service for your small business to take the monthly financials (and potentially other financial tasks like payroll, AP, AR, etc.) off of your plate?
As a business owner, managing your bookkeeping on your own, with a freelancer, or through a firm can still be hard work.
If you decide to do it yourself, it’s hours each month that you’re spending that could be spent in other more important areas of growing your business. At a certain point in your business growth, it just doesn’t make sense to do it yourself.
If you hire a freelance bookkeeper, you could still run into issues with poor communication, them juggling you and a handful of other clients, among other possible complications. Some business owners are able to make this work, but it still takes effort.
And if you go with a traditional bookkeeping firm, you may run into corporate processes, slow communication, old-school pay-by-the-hour pricing, and a lack of knowledge within your domain of online business. For example, if you’re running an eCommerce business and you go to your local bookkeeper in town, you may find that they don’t have much experience with the nuances of eCommerce making it harder for you to get the best possible bookkeeping for your small business.
No need to worry though! There are plenty of options for remote bookkeeping services for small business and that’s why we’re here today…to talk about the best options so you can make an informed decision about who to work with for your remote bookkeeping online.
Below is a list of the top 10 remote bookkeeping services for small business that we recommend:
- KPMG Spark
- Bean Ninjas
- Fully Accountable
- Catching Clouds
How Did We Choose These 10 Remote Bookkeeping Services for Small Business?
Here are the factors that we looked at:
- Size of the company
- Prevalence in Google searches for small business remote bookkeeping keywords
- Reviews online
- Word of mouth referrals
- Specialty and uniqueness
After putting together a list of 30+ remote bookkeeping services for small business, we went through each, looked at the factors above, and narrowed it down to the top 10.
This list of top bookkeeping services makes up the top players in the industry as well as smaller, niche focused remote bookkeeping services that may appeal more to different types of business.
While there are some giants already in the space, the emergence of more and more remote bookkeeping services proves that different types of customers and markets are still seeking better and more unique solutions.
As you’re going through this list, think of the following:
- What is most important to you in a remote bookkeeping service?
- Do you want a bookkeeping service that specializes in your business industry?
- How much communication do you want from your bookkeeping service?
- Do you like working with larger or smaller businesses?
- What is your ideal price point for a bookkeeping service?
Thinking through these questions before looking into a bookkeeping service will help you to identify the best possible company for your business.
If you have any questions or aren’t sure which bookkeeping service would be best for your business, reach out to us in the comments and we’ll be glad to help make a suggestion.
Top 10 Bookkeeping Services for Small Business in 2022
EcomBalance is a remote bookkeeping service specialized for the eCommerce industry. Founded in 2021 by Nathan Hirsch and Connor Gillivan, the company is on a mission to create the best bookkeeping service for eCommerce sellers, agencies, softwares, and coaches/consultants.
EcomBalance is unique in that it’s founders are longtime entrepreneurs, not bookkeepers. Nathan and Connor have sold over $25 million on Amazon. They founded and scaled FreeUp to 8 figures (acquired in 2019 by The HOTH). And after interviewing 100+ business owners, they set out to disrupt the bookkeeping industry for eCommerce.
EcomBalance is built by business owners and powered by expert eCommerce bookkeepers.
Pricing: EcomBalance’s pricing ranges from $250 per month to $2,000+ per month, depending on the size and complexity of your business. They also offer Catch Up, Clean Up, and Add On Services.
Pilot offers bookkeeping, tax, and CFO services for growing businesses, with a focus on startups, consumer and retail businesses, and service based businesses. Founded in 2016, Pilot has raised over $150M in Series A, Series B, and Series C financing from Sequoia, Index Ventures, Stripe, Bezos Expeditions (Jeff Bezos’s investment company) and Whale Rock. Pilot is based out of San Francisco.
Pricing: Pilot’s pricing ranges from $599 to $1,149+ per month. For clients larger than $1,149 per month, they offer Pilot Plus where you’re required to contact them for Custom Pricing.
Specialty: Funded startups, consumer and retail, professional services.
Xendoo is “your online bookkeeping and tax team, so you can do what you love.” Founded in 2016 by Lil Roberts, Xendoo’s mission is to provide small business owners with financial peace of mind. Xendoo offers bookkeeping, tax, and catch up services to their clients. In addition to their service, they have a robust platform for their clients that helps clients to better receive their books and for the Xendoo bookkeeping team to handle the books with a more technological approach. Xendoo has raised $4.8 million in funding since its founding.
Pricing: Xendoo’s pricing ranges from $195 per month to $945 per month. They base their pricing off of monthly expenses with tiers increasing as your monthly expenses increase.
Specialty: Small to medium sized businesses; franchises; eCommerce
Bench touts itself as “America’s largest professional bookkeeping service”. Founded in 2012, Bench has raised over $100 million as it’s grown into the bookkeeping business that it is today. In addition to monthly bookkeeping, Bench offers tax filing, Catch Up work, and Clean Up work.
Unlike most of the other bookkeeping services on this list, Bench has its own proprietary accounting software that it requires its clients to use. Instead of using popular tools like Quickbooks Online and Xero, Bench clients use Bench’s accounting software.
Pricing: Bench’s pricing ranges from $299 to $499 per month, depending on what size your business is and how involved you want Bench in your end-of-year tax filings.
Specialty: Small businesses across all industries.
Overview: BooksKeep is founded and owned by Cyndi Thomason. Specializing in the Profit First method she designed for eCommerce sellers, Cyndi coaches eCommerce businesses so they can create a business that allows them to enjoy financial freedom through permanent profitability. The BooksKeep team is made up of US based eCommerce bookkeepers that also specialize within the Profit First methodologies.
Pricing: You must set up a call to speak with Cyndi and her team to receive pricing for your business needs.
Specialty: eCommerce sellers, Profit First accounting methods
Overview: KPMG Spark is “online accounting that lets you focus on your business.” As a client, you’re provided with a real-time accounting dashboard, your own dedicated bookkeeper, a simple onboarding process, and other services like payroll, invoicing, and more. KPMG Spark is a remote accounting service powered by their parent company, KPMG, which is a leading company in Audit and Tax related services.
Pricing: Their pricing ranges from $395 up to $895 per month before you enter their Elite package and need to inquire for custom pricing.
Specialty: Small to medium sized businesses in the US.
Overview: Touted as your “eCommerce growth consultants”, Bean Ninjas is a bookkeeping, accounting, CFO, and tax service for 7 and 8 figure eCommerce businesses. Founded in 2015 by Meryl Johnston with the purpose of shaking up the remote bookkeeping industry, the company has raised one round of funding in 2017 and they’ve been growing consistently since their founding. They cater to the US, Europe, and Australia with specialized teams within each area that they service.
Pricing: Currently, you need to set up a call to speak with them to get a custom pricing quote for your business.
Specialty: eCommerce businesses doing over 7 figures per year
Overview: Fully Accountable offers fractional CFO and outsourced accounting solutions to its eCommerce customers in the US and Canada. The company was founded with the intention of helping business owners better understand how much profits they’re making in their business. They’ve won multiple awards including the Inc 5000 for being one of America’s fastest growing companies in 2020.
Pricing: Currently, you must set up a call to speak with a team member to receive pricing.
Specialty: eCommerce in the US and Canada
Overview: Bookkeeping 360 is a fully US based team that offers bookkeeping, tax, and advisory services to its customers. They’ve been on the Inc 5000 in the past 3 years and are rapidly growing as they cater to small businesses in the United States. In addition to their services, they offer a custom app that their customers can access to see their finances and communicate with their Bookkeeping 360 team.
Pricing: Their pricing starts at $349 per month and goes up to $999 per month depending on how large your business is. For businesses over a certain size, you must contact their team to get a custom pricing quote.
Specialty: Startups and small businesses.
Overview: Founded in 2009 after frustration with the accounting industry, Scott and Patti Scharf founded Catching Clouds to fix the issues they were experiencing themselves. Catching Clouds offers bookkeeping services, sales tax management, payroll services, and more specifically for eCommerce business owners. After running the business for close to 10 years, Catching Clouds merged with Acuity and continues to operate as its own brand.
Pricing: Catching Clouds requires you to set up a meeting with them to receive a custom pricing estimate.
Specialty: eCommerce business owners.
The remote bookkeeping service industry is growing rapidly with hundreds of millions of investment money pouring into the space. For example, Bench has raised $53M, Pilot has raised over $100M from investors like Jeff Bezos, and Xendoo has raised $4.8M. The industry is clearly favored for disruption and top investors and venture capital firms are getting into the industry to see it come to fruition.
As more and more companies move online, the remote bookkeeping industry will continue to grow and traditional bookkeepers and accountants will become less relevant to their online counterparts.
Traditional bookkeepers and accountants will struggle to keep up with the nuances of online businesses (for example, eCommerce companies selling on Shopify, WooCommerce, Amazon, Ebay, Etsy, Walmart, and any other sales channel that appears in the future) and online bookkeeping companies will reign supreme for online companies.
The 10 remote bookkeeping services for small business mentioned in this article are the leaders in the industry right now and will continue to grow in the years to come.
As you choose a remote bookkeeping service to use for your small business, keep in mind what the company specializes in, their pricing model, and how they communicate with their clients. All of these factors will be critical in finding a bookkeeping service that caters specifically to your needs and wants as an online business owner.
If you feel that we’ve left out any top bookkeeping services for small business in this article, please mention their name in the comments below and we’ll investigate to see if we believe they should be added to this list.
If you decide that EcomBalance is the right fit for your online business, create a free account and we’ll be in touch with next steps for Onboarding and getting you a customized Pricing quote.