13 Best Bookkeeping Services for US-Based Businesses

Bookkeeping is indeed a vital errand in the intricate world of business, where financial trades and documents flow continually. Sadly, not all business owners are well versed in the technical know-how of bookkeeping, and their books often reflect it.

Thanks to the outsourced bookkeeping services in the United States, business owners can now get bookkeeping off their plates. But that is not to underestimate the importance of good bookkeeping as it offers an in-depth view of financial data essential to any business firm’s continued victory.

This guide covers the core principles of bookkeeping and lists the prominent bookkeeping firms offering their services to businesses based out of the United States. 

The Importance of Bookkeeping

Efficacious bookkeeping is vital for retaining your business’s financial health. Here are some most compelling reasons that reflect the importance of bookkeeping:

• Correct Budgeting: Bookkeeping enables exact budgeting by supplying real-time insights into your financial inflows and outflows.
• Tax Readiness: Proper Bookkeeping assures you’re well-prepared for tax debts, dodging last-minute potential penalties.
• Organized Records: Performing routine bookkeeping tasks lets you track trades, invoices, and payments, boosting an orderly and efficient business setup.

Thus, overlooking bookkeeping inadvertently leads to financial mess and mismanagement, apart from being an accounting nightmare during year-end.

The Benefits of Bookkeeping

Below is the list of advantages of carrying out regular bookkeeping tasks:

• Fulfilling Financial and Legal Duties: A capable bookkeeper always ensures that your business’s financial records are up to date and comply with the most recent laws and judicial amendments, saving your firm from future legal issues. 
• Improved productivity and efficiency: Simplifying the process and automating your bookkeeping techniques may save time and minimize error risk. 
• Better decision-making: Business decisions are backed up by the vital data generated from bookkeeping and accounting procedures. Regular financial report analysis allows performance review, trend detection, and the creation of long-term strategic strategies.
• Better relationships with investors and banks: Thanks to coherent financial records, relationships with stakeholders and investors are strengthened. Additionally, having solid financial standing makes it more likely that banks will deliver more affordable loan options, facilitating the payment of significant bills.
• Effortless Auditing: Drafting financial statements is simplified by executing a reliable data-recording model. As a result, the bookkeeping procedure makes it easier for auditors to find faults quickly. 

Therefore, bookkeeping isn’t merely for record or accounting purposes; it can help you get a better idea about your business’s financial health too.

The Bookkeeping Process

Here is the general step-by-step procedure to make you understand how bookkeeping is done:

• Understanding business accounts – Firstly, the bookkeepers understand the type of transactions and accounts and mention the transaction in the relevant category. 
• Maintenance of books – Paperwork, such as invoices, receipts, credit notes, etc., need to be safely recorded in the entry books for future reference. 
• Recording transactions – Next, you need to record all the business transactions in the correct books of accounts to avoid a mismatch in the account balances.  
• Balancing the books – Next, the bookkeeper adjusts the trial balance to ensure that the debits and credits are equal. In case of discrepancies, adjustments are made and recorded as journal entries. 
• Preparing financial reports – After the balance tallies, the money flow in each account is summarized to depict a complete picture of the financial health of the business that helps make wise financial decisions. 

The quality and accuracy of your books greatly depend on the firms you hire to outsource your bookkeeping services. Below, we have listed some of the prestigious bookkeeping services that have made their mark in their domain.

Bookkeeping Services

Xendoo

Xendoo is one of the most reliable names🏆 in the United States when it comes to bookkeeping business. The platform guarantees your financial success by assigning a dedicated accountant team for your business who will handle the books on your behalf.

The software can easily integrate with your existing bookkeeping software like Xero or QuickBooks Online to ensure that the onboarding process is seamless.  

Features:

• An expert bookkeeping team to handle your finances and ensure financial visibility. 
• Catch-up bookkeeping services to ensure you do not fall behind in your finances. 
• Affordable business plans cater to the individual needs of your business. 
• Expert tax preparation, filing, and year-round tax advisory support at your fingertips.
• An intuitive dashboard to view your profit & loss statements, balance sheets, and business trends over time.

Xendoo maintains clear and consistent communication by reconciling your books every week and delivering your financial reports every month that can be accessed 24*7.  

Bench 

Trusted by small business owners to get accurate financial analysis, Bench strives to help you save valuable time and money.

Thanks to the easy-to-use financial software and the team of experts, you get assistance with book maintenance, handling your income tax, and preparing your financial statements. 

Features: 

• Free one-month trial period worth $299. 
• A dedicated in-house team to handle your complex queries. 
• 24*7 accessibility from the mobile or desktop app. 
• Visual reports to get actionable insights in real-time. 
• Supports integration with software like Gusto, FreshBooks, and Shopify. 
• Dedicated packages to meet the different requirements of customers. 

Helping the businesses of the US, the professionally trained in-house team skillfully handles your bank statements and craves out the financial statements. The Bench software can be easily accessed from the desktop or mobile whenever you are on the go. 

WhizConsulting

Choose WhizConsulting, an expert outsourcing bookkeeping service that offers comprehensive solutions to handle your bookkeeping and accounting needs. Their team members provide expert guidance and professional consultancy in compliance with the Taxation Law & Legislation. 

Whiz Consulting serves start-ups, SMEs, and other businesses across the United States regardless of their business size. 

Features:

• Round-the-clock bookkeeping assistance and access to all the resources.
• Tailored accounting and bookkeeping services to meet your specific needs. 
• Comprehensive analysis of your business’s financial health at your fingertips. 
• Key performance indicators and reporting tools to measure the outcome. 
• Project-based accounting for businesses handling finances based on projects. 

The platform completely fulfills all the bookkeeping needs of your business, such as accounting, payroll, and tax calculation, at a much less cost than hiring in-house bookkeepers. 

Acuity 

Backed up by a dedicated and professional team, Acuity offers reliable outsourced bookkeeping services for your businesses. They deliver accurate financial reports regularly and keep books tax ready.

Their bookkeeping software seamlessly syncs with your bank accounts and credit card to immediately reconcile your transactions. 

Features:

• Bookkeeping cleanup to keep your books up to date.
• Manage the financial record of employees’ salaries and pay them on time. 
• Expense reporting to track the business spending, identify inefficiencies and modernize expense calculation. 
• Organized tracking of invoices and cash application process.
• Bill payment software handles all the bills and cash flow.  

Acuity assigns you a dedicated bookkeeper to handle your business’s books and provide answers to your queries 24*7. At the end of the month, you will receive accurate and clean financial reports to help you make better business decisions.

Decimal

Decimal partners with accounting management software like QuickBooks, Gusto, and Bill.com to drive better financial visibility.

The reliable team of experts focuses on providing thorough reporting, which facilitates better decision-making and correct strategy formation for your business. Decimal assigns dedicated staff to assist your business with your books and to ensure that you have a better understanding of your financials. 

Features:

• Daily reconciliation & categorization of books to keep your finances up to date.
• Implement one-click approval to streamline the daily account payable.
• Hassle-free payroll & sales tax filing to organize the details and processes.
• Regular internal check-in calls to ensure that your accounting operations are correct.
• Innovative accounting methods and technology to handle your books.

Whether you want to file taxes, raise money, or approach a bank, the team for Decimal ensures that you are ready to showcase your business in a positive light. 

Global FPO

Global FPO is a well-established accounting firm serving clients across the USA, Canada, UK, EMEA, and Australia. Their efficient bookkeeping team makes it convenient for small businesses to maintain their books and manage their finances.

Their online bookkeeping services include accurate and timely entry of transactions, bank reconciliations, payroll processing, financial reporting, and so much more. 

Features:

• Setup & migration of accounts and chart of accounts.
• Bank and credit card reconciliations.
• Recording of income & expenses.
• Fixed Asset, Depreciation, and Payroll Accounting.
• Accounts receivable and accounts payable management.

Global FPO uses modern accounting software like QuickBooks to offer cost-effective bookkeeping services to its clients. 

MyBookkeeperService

Founded in 2011, MyBookkeeprService has been offering affordable bookkeeping services to startups and small businesses in Texas. They strive to bring exceptional quality and customer service by leveraging modernized accounting software such as QuickBooks. 

Known for their professionalism, responsiveness, and quality, MyBookkeeprService ensures that your books are accurate and tax ready at all times. 

Features: 

• Manage your financial records and organize the books accurately every month. 
• QuickBooks professional advisors to tune up your books. 
• QuickBooks on-site training to let you handle the software like a pro.  
• Hire a professional for a thorough inspection of the internal control systems of your business.  

Depending on your individual needs of businesses, MyBookkeeprService offers different types of bookkeeping services, such as monthly bookkeeping services, QuickBooks cleaning up services, and so on. 

AccountingDepartment.com

AccountingDepartment.com offers customized bookkeeping services to businesses having a yearly revenue between $2 Million to $100+ Million.

Their professional team of experts can easily handle the different complexities of bookkeeping, ranging from daily bookkeeping to offering essential advice.

Features: 

• Create custom reports to track your numbers based on categories like job costing and department tracking. 
• Efficient accounting process, fewer errors, and less time spent on redundant tasks. 
• Determine pricing models and forecast supply lines.

The firm believes in providing customized services to clients instead of standard packages. 

QX Accounting Services 

You can easily bank upon QX Accounting Services to outsource the bookkeeping needs of your business and save up to 50% on all the costs incurred. 

The firm is equipped with a team of experts who are fluent in the US Taxation Law & Legislation, thanks to their several years of experience. They ensure that all financial transactions, such as invoices, bills, expenses, and deposits, are accurately measured and recorded.

Features: 

• Have well-trained and experienced bookkeepers at your disposal to stay ahead of your competitors. 
• Scale your business by outsourcing your internal bookkeeping process to our team. 
• Affordable bookkeeping, accounting, and tax-related services. 
• Different engagement models for companies wanting to hire for custom or seasonal work. 
• Comprehensive data security measures to ensure complete security of data.

You can also hire their services to handle the bookkeeping tasks for your clients so that your internal team can focus on the accounting work. 

ExpertiseAccelerated

Expertise Accelerated are seasoned bookkeeping solutions that offer their quality assured accounting and bookkeeping services to startups and SMEs across the United States.

They ensure that you achieve tactical decision-making and break free from redundant bookkeeping tasks.

Features: 

• Chart of accounts – Asset accounts, liability accounts, equity accounts, and revenue & expense accounts.
• Journal Entry Posting – Journal account coding, approvals, posting, and filing. 
• Expense Allocations – Obtain approvals, record expenses with allocations, and estimate expenses incurred but not billed. 
• Reconcile revenue with costs of goods sold and all balance sheet accounts. 

The EA strives to provide quality-assured and affordable service by following rigorous bookkeeping procedures. 

Analytix Accounting  

Choose Analytix Accounting to adopt the modern accounting and bookkeeping processes for improving the financial health of your business. The firm focuses on using proprietary technology and systems that will accelerate project delivery to your clients.

Features: 

• Transactional activities like Transaction/Data Entry, Invoices (Customer & Vendor), Bank Transactions, Credit Cards, and more.
• Reconciliation reporting of Bank Accounts, Credit Cards, Invoices
• Payments and Payroll.
• Managing activities like Bill Pay, Invoicing, and Payroll Processing.

Thus, you can focus on building your business and generating revenue instead of the bookkeeping element.

Check out Virtual Bookkeeping!

Virtual bookkeeping allows accountants or bookkeepers to provide accounting benefits to clients from outlying places. These roles have become more dominant as enterprises adopt cloud-based software to meet their necessities.

This process sees a middle ground between staffing formats and workload leadership. Opting for virtual bookkeeping offers benefits in terms of flexibility and cost-effectiveness for both the enterprise and the bookkeeper.

Benefits of Virtual Bookkeeping

Let’s delve deeper into the key benefits of virtual bookkeeping:

• Revised Financial Records: Employing cloud accounting software, virtual bookkeepers gain virtual entry into your bank statements, receipts, and invoices. This lets them promptly edit your financial records, eradicating the need to await physical copies, which is required in traditional bookkeeping scenarios. 
• Precision in Financial Reporting: The synergy between online bookkeeping services and cloud-based accounting software is priceless. Accessing your books in real-time via web or mobile apps offers enriched insight into cash flow and company performance, and financial reporting that is not possible in the traditional system. 
• Enhanced Flexibility and Affordable: Virtual bookkeeping allows you to unite with accounting experts beyond your local area, simplifying the hunt for the right match within your financial limitations. This process allows for more eminent adaptability and allows cost savings.

Having said that, let’s take a look at some of the top virtual bookkeeping firms serving businesses in the US.  

Reconciled

Reconciled offers top-notch virtual bookkeeping services to entrepreneurs and business owners across the United States who do not get time to handle this important aspect of the business.

Their team consists of highly professional and skilled accountants who deliver consistent and top-quality results for your business.

Features: 

• Bookkeeping services & full internal accounting.
• CFO advisory & financial controller services.
• Enterprise accounting & full outsourced solutions.
• Reconciled tax and advisory services.

This remote bookkeeping service offers tailored bookkeeping plans to suit the requirements of your business. 

Virtual Bookkeeping Services

Want to outsource your bookkeeping services to avoid hassle and get accurate numbers? Virtual Bookkeeping Services is the right choice. Established in 2008 with the motto to deliver superior bookkeeping and accounting services to small- and medium-sized businesses, they are now QuickBooks certified as an advanced desktop and online ProAdvisor. 

Features: 

• Scheduled bookkeeping on a daily, weekly, monthly, or annual basis.
• Data entry of credit cards, payments, deposits, invoices, bill payments, etc.
• Reconciliation of bank accounts, credit cards, loans, and investment accounts.
• Accurate financial reporting is delivered timely every month.
• Bookkeeping catch-up and clean-up if your books are in arrears.
• Annual E-filing of taxes.

Their highly experienced team members are well-versed in advanced software like Aeroworkflow, QuickBooks, and more. Headquartered in Idaho, they serve clients across the United States. 

Book it!

Bookkeeping is a crucial aspect of the business that should not be ignored by business owners if they do not want to land in hot water. To lessen the burden, you can easily outsource your bookkeeping needs to firms having expertise in this field. 

You can book an appointment and have a thorough conversation about your unique requirements and sign the contract only when you are completely convinced. 

Next up, check out these best expense tracking/management software for small and medium business owners to better manage that budget!