8 Best Online Bookkeeping Services of June 2024

This service is ideal for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it themselves. Through Wave Payroll, you can pay employees and contractors via direct deposit and automatically generate W-2 and 1099 forms for tax season. It takes care of payroll tax payment and filing in 14 states (and growing), and offers a self-service employee portal for easy access to tax documents and banking and contact updates. OnPay is a straightforward, all-in-one payroll and HR solution for small businesses. It comes with just one competitive price—$40 plus $6 per employee per month—that includes all services.

Time and Attendance

You also can’t pay on a month-to-month basis, unlike a few others on our list. A downside of Bench is that it specializes in cash-basis accounting, although there is a custom accrual accounting plan on the Pro plan. Because every client and their needs vary so widely, we provide flexible, unique pricing for every client. Get in touch with one of our specialists today to get your quote or click here to get started. Sign up for Lab Report to get the latest reviews and top product advice delivered right to your inbox.

Does a business need a specialist bookkeeper?

It’s easy to use, with a great user interface and navigation tools. It’s also flexible and reasonably priced at $40 per month plus $6 per employee or contractor per month. Process payroll, file taxes online, and have access to online employee training and development.

Spend More Time on Your Main Business

In my testing, I found that Paychex Flex offers a clean interface. Interface designers clearly worked hard to ensure that data is not overwhelming but is at your fingertips at all times in intuitive-to-find locations. Justworks offers two PEO plans, plus a couple of add-ons to expand your chosen plan’s functionality.

• Overall, though the interface is cluttered, everything I needed was easy to find.
• Sunrise, by Lendio, used to be called Billy until it was acquired.
• You can start with Gusto Simple, which offers everything you need to run payroll and upgrade as your need for features (such as time-tracking tools and more HR options) grows.
• Bookkeeper360 is best for businesses that occasionally need bookkeeping services as well as those that want integrations with third-party tools.
• Scrambling at the last second to gather documents for tax season is stressful, and rushing bookkeeping-related tasks can make you vulnerable to compliance issues and missed growth opportunities.
• However, they report that there are a lot of features to consider when setting up the platform.

The two platforms work together seamlessly, allowing you to effortlessly bill and invoice with FreshBooks, and automatically see that income reflected in your bookkeeping. The thought of using an online payroll service may leave you wondering whether it’s safe to bookkeeping and payroll services put all your business’s payroll data online. All the online payroll services we review come from reputable companies with years or even decades of experience. They make every effort to keep your sensitive payroll data safe, as you can read about in their reviews.

What Are Online Bookkeeping Services?

Aside from staying compliant, having organized books helps you monitor the health of your business, prepare for tax time, and prepare key financial statements. The version we reviewed, Gusto Plus, is $80 per month plus $12 per person per month. To be fair, these applications have more depth and flexibility than the less expensive ones do.

Prepare bank deposits.

We recommend QuickBooks Payroll primarily for QuickBooks Online users. It’s more expensive than most competitors, but its deep, smooth integration may justify the expense for payroll managers who want to take advantage of this all-in-one system. However, it doesn’t integrate with any other accounting applications. There are better, less expensive online payroll services that you could use as a standalone or integrated service. FreshBooks Payroll software enables you to run payroll with ease, generating payroll tax filings & payments, W2s, and direct deposits on your behalf.

With the Right Payroll Provider, Businesses Stay in the Driver’s Seat

If getting your books caught up is your priority, our Catch Up and Retro bookkeeping teams will work with you to get your books in order, fast. You must also create thorough records for each employee, with details such as contact information, date of birth, Social Security number, salary or hourly pay rate, and number of allowances from form W-4. QuickBooks Payroll has what you need to stay compliant, from labor law posters to expert support. Always be plugged into the latest payroll information, employment law changes, and best practice information. This compliance tool can help keep you informed while you mitigate risk.

Best for Hiring Certified Bookkeepers

• Decimal offers a number of add-on options to accompany its bookkeeping services.
• If you’re already doing a client’s books, approach them with an offer to build on your role.
• Paychex Flex is made specifically for small businesses that need a quick and simple payroll system.
• For pricing, we considered whether a service offers a free trial or a free version of its software as well as the affordability of its lowest and highest price tiers.
• However, it doesn’t integrate with any other accounting applications.