Are you looking to outsource your bookkeeping and accounting tasks?
In this post, we’ll look into how Xendoo bookkeeping stacks up against our own EcomBalance services.
What core services does EcomBalance offer?
Their main offering is a reliable monthly bookkeeping service specifically catered to small to medium eCommerce businesses that sell on platforms like Amazon, Etsy, Shopify, Walmart, eBay, and more.
Your books are in good hands with expert eCommerce bookkeepers who will create and deliver valuable monthly financial reports such as:
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
You get:
- Guided onboarding through a “Kickoff Call.” Here, they can familiarize themselves with the ins and outs of your business, orient you on their services, and begin developing a strong working relationship and close long-term partnership.
- Expert eCommerce bookkeeping and accounting.
- Simple, reliable, and process-driven bookkeeping powered by proven and scalable processes.
- Access to fast support. Contact your team with any questions, concerns, or issues via email and get a response within 1 business day. You also have the option to text your team members or hop on a call with them if that’s what you prefer.
- Access to a dedicated bookkeeping team. Work alongside a personal Head of Bookkeeping and a Bookkeeping Assistant who both manage your books and can handle any financial inquiries you may have.
Signing Up
When you sign up for EcomBalance bookkeeping services, the website will ask you to put in your contact information. Once you create that account, you can schedule a call to speak with someone about your bookkeeping or accounting needs. The EcomBalance team member will go through some important information about your business so that we can understand what we can do for you to best serve your business. This team member may also take a look at your books to get a better idea of the situation.
After your discovery call, you will get a custom pricing quote. If you decide to continue and engage EcomBalance services, you can work with a team member to get your channels and accounts connected. This is so that the bookkeeper you’ll be working with can have complete access to everything that they need to work with your books.
When you are underway, working with the bookkeeper, you will get regular updates. The EcomBalance team will make sure that your books are up to date every month, and inform you when it’s done. Aside from keeping you up to speed on the progress, they will also let you know if they see any financial irregularities. These regular updates also include all the financial reports and statements that are important for you to have and review. These reports are sent on the 15th day of every month.
What core services does Xendoo offer?
Xendoo bookkeeping is this company’s primary service, including catch-up bookkeeping. They also offer one other main service, tax services.
Monthly Bookkeeping
With Xendoo, onboarding and setup is a quick and guided process. With the help of their Onboarding Specialist, you can integrate your accounting software with theirs (Quickbooks Online or Xero) and connect all of your accounts.
They want to take the burden of bookkeeping off your shoulders so you can focus on other areas of life or business that you would rather spend your time on. Their US-based team updates your books on a weekly basis and provides consistent updates. You can expect financial reports in your customer portal every month and the ability to access them whenever you need to.
Tax Services
On top of your bookkeeping needs, you also offer tax preparation and tax filing services. (More on this later.)
Does EcomBalance or Xendoo offer tax services?
EcomBalance
If you need help with your sales tax, EcomBalance offers this as an add-on service. All you have to do is communicate this need with them during the signup process so they can discuss it with you during your scheduled call.
Aside from their add-on sales tax service, EcomBalance does not offer any other tax services. However, if you are also looking for this, they can arrange for you to get in touch with their network of vetted, reliable CPAs that have the EcomBalance seal of approval. These accountants, much like their bookkeepers, are well-versed in working with eCommerce businesses. Because their bookkeeping services also ensure your documents are tax-ready by the end of the year, it won’t be a rough transition when you hand them over to their referred accountant.
Whether you decide to take up the referral offer or go with an accountant of your own choice, EcomBalance will make sure to communicate clearly and effectively with them. They will provide all the necessary documents and work together with your accountant as needed. This makes it easier for the CPA to get started on your tax filing and other preparations. Additionally, working with organized books will expedite the process and may even lower the costs of working with your selected accountant.
Xendoo
If you would like to add tax preparation and tax filing services on top of your monthly bookkeeping, Xendoo has you covered. Xendoo bookkeeping practices ensure organized and tax-ready books. You can assess how tax-prepared your business is via their monthly reports that are easily accessible anytime. No matter what plan you select, they’ll make sure that you are tax-ready throughout the year. They provide you with a personal CPA that can adjust to whatever corporate structure you have to shoulder the stresses that come with tax season. You can leave that aspect to them and never have to worry about your tax deadlines again.
With their tax services, you can maximize your returns and allocate your time to other business efforts. Tax preparation is made simple because they take care of all the income statements and all the other necessary documents you need. Tax filing is no problem with years of industry experience under their belt.
What software does EcomBalance and Xendoo use with their customers?
EcomBalance integrates with accounting software such as Quickbooks Online, Xero, and A2X. They adjust to the software preferences of their customers, otherwise, they use QBO.
All of Xendoo accounting services also integrate seamlessly with Xero and Quickbooks Online. Additionally, they are a premium partner of A2X. This means that you’ll probably have a smoother experience with Xendoo bookkeeping. You can let them know your preferences in terms of software as well, if you don’t like any of these tools.
How much does EcomBalance and Xendoo cost?
EcomBalance
All clients receive a custom Pricing Quote from EcomBalance. It’s easy to submit a quick 5 minute form and receive a custom pricing quote within 1 business day.
Simply sign up, enter your information, send View Only access to your Quickbooks Online or Xero account and they’ll get you a price quickly.
All EcomBalance Prices include 2 things:
- Catch Up and Clean Up Work: If you need any of your months caught up or cleaned up, they’ll include a one time price for that.
- Monthly Bookkeeping: You’ll then also get a monthly price for having EcomBalance handle your monthly bookkeeping.
Their pricing depends on a number of factors:
- Transaction volume
- Number of accounts (banks, marketplaces, processors)
- Size of the business in yearly revenue
- Complexity of the books
- Any add on services
Sign up to get a more specific pricing quote.
Xendoo
Xendoo bookkeping has three different pricing plans to choose from. You have the option to be billed monthly or annually.
Essential Plan
Capacity: Up to $50K in monthly expenses
Price: $395/mo
Annual billing savings: $480
Included offerings:
- Up to 4 bank/credit card accounts
- Weekly bookkeeping
- Dedicated bookkeeping team
- Cash basis
- 1 integration
Growth Plan
Capacity: Up to $75K in monthly expenses
Price: $695/mo
Annual billing savings: $840
Included offerings:
- Essential offers
- Up to 6 bank/credit card accounts
- Cash or modified accrual
- Semi-annual tax consult
- 2 integrations
Scale Plan
Capacity: Up to $125K in monthly expenses
Price: $995/mo
Annual billing savings: $1,200
Included offerings:
- Growth offers
- Up to 12 bank /credit card accounts
- Custom Chart Of Accounts
- Deferred Schedules
- Up to 4 integrations
Additionally, Xendoo’s add-on tax plan is $1,200/yr
Sign up to get started.
Who is EcomBalance best for?
EcomBalance was built by business owners to provide simple and reliable bookkeeping services for eCommerce business sellers. The founders of EcomBalance, Nathan Hirsch and Connor Gillivan, are experienced Amazon sellers having sold millions on the platform. They understand the space and seek to change bookkeeping for eCommerce businesses.
If you are a small to medium-sized eCommerce company selling on online marketplace platforms like Shopify and Amazon, their bookkeeping services were specifically made for you.
Who is Xendoo best for?
Xendoo bookkeeping services are for personal or professional needs and they can cater to eCommerce and small businesses.
Their tax services can cater to your business no matter the corporate structure. They can handle:
- S Corporation and Partnerships
- Sole Proprietors and C Corporations
- Personal Taxes
What are the reviews online for EcomBalance and Xendoo?
EcomBalance Reviews
Xendoo Reviews
Conclusion
Whether you choose EcomBalance or Xendoo bookkeeping services, the key is to select the service that has all the elements that you need. This, of course, includes a good level of experience, reliability, and trustworthiness.
