Top 10 Best Bookkeepers in NEW YORK, NY Last Updated April 2024

We specialize in training companies to best utilize the right bookkeeping software and in developing business processes that help your entire team work more efficiently. Bookkeeping is the ongoing recording and organization of the daily financial transactions of a business and is part of a business’s overall accounting processes. In this day and age, the providers you contract with don’t need to be in the same city, state or even time zone as you. Remote work has expanded across nearly every field, including bookkeeping. If you find someone who is a good fit for your business needs, it doesn’t matter if they are in California while you work from New York.

It is Cost-Effective

A bookkeeping service can manage your accounting software for you, which takes a lot of administrative work off your to-do list. Many bookkeepers also offer filing services, but their jobs are made easier and more accurate when a client uses accounting software. It reduces the possibility of making mistakes when entering information. Bookkeeper360 stands out among some of its competitors by offering bookkeeping services for both cash basis and accrual basis accounting, plus it integrates with popular accounting software.

Bench: Best for new businesses

BooXkeeping offers affordable bookkeeping services for small and medium-sized businesses across the state of New York. Data security and privacy are one of the many reasons it is important to choose the right company to help with your bookkeeping services. There are regulatory guidelines, rules,  and compliance requirements that must be followed. They include best practices for storing sensitive data, protecting privacy, and taking measures to prevent a security breach.

Customized Pricing

Part of what makes Bench unique is that we blend together the human touch with modern technology. Our in-house team is also supported by machine learning technology, which allows us to automatically process large amounts of financial data instantly, and close your books faster and accurately. They also make adjustments to your books to ensure they’re tax-compliant. The cost of bookkeeping services can vary depending on the size of your business and the features you need. Some bookkeeping services charge a monthly fee while others charge by the hour. You can find services for as little as $20 per month while others run thousands per month.

• A quality outsourced bookkeeping service will use encrypted connections, and any data dealing with bank accounts will feed to the accounting software, but will not allow them any direct access to those accounts.
• It helps the small business owner prepare financial records, keep track of cash flow and help prepare for the future.
• We support and work with most major accounting and bookkeeping software platforms, making it easy to outsource to us and keeping you in control of your financial data.
• Allow them to give you the advantage of maximized efficiency of your business income and expenses while holding your employees accountable and minimizing exposure to various financial and audit risks.
• Bookkeeping focuses on recording and organizing financial data, including tasks such as invoicing, billing, payroll and reconciling transactions.
• The information provided by bookkeepers is a strong indicator of your business’s underlying financial health and gives great insight into opportunities for your business.

They are available through the phone in most circumstances, though. You also can’t pay on a month-to-month basis, unlike a few others on our list. However, if you want more advanced reporting and a more robust mobile experience, you’re better off looking at other solutions on this list. Billy/Sunrise also got some bad reps for its choices regarding customer loyalty when it was acquired.

• Like Bookkeeper.com, Merritt works with businesses who use QuickBooks.
• For the vast majority of businesses, the job of bookkeeping is too small for a department but too much for the owner.
• Our ongoing review of systems & output to ensure processes are being followed and your investment is being executed.
• Moreover, Bookkeeper360 offers add-on solutions for CFO advisory, payroll, taxes, HR, and back-office.
• We will give you the same attention to ensure you enjoy the efficiency of working with specialists.
• Regardless of your situation, you need experts to monitor your finances and transactions.
• Thankfully, online bookkeeping services have lowered the financial barrier to getting bookkeeping and tax-related help.

• This means that you don’t record an invoice until it is actually paid.
• To put this in perspective, a bookkeeper’s average salary is $44,527.
• They must offer flat rate pricing — a monthly fee in exchange for a well-defined set of deliverables.
• Our bookkeepers have years of experience and are experts in bookkeeping for businesses of all sizes.
• This influences which products we write about and where and how the product appears on a page.

From there, the total pay is determined with the applicable taxes and withholdings. In the accounting software, the primary journal entry for total payroll is a debit to the compensation account and credits cash. If not done at the time of the transaction, the bookkeeper will create and send invoices for funds that need to be collected by the company. The bookkeeper enters relevant data such as date, price, quantity and sales tax (if applicable). When this is done in the accounting software, the invoice is created, and a journal entry is made, debiting the cash or accounts receivable account while crediting the sales account. Generally speaking, bookkeepers help collect and organize data and may have certain certifications to do so for your business.

Decimal: Best for project-based businesses

• Additionally, they’ll provide you with a monthly report and be available via phone or video chat to answer questions or walk you through your report.
• In addition, Bench has raving online reviews and many integration options.
• It doesn’t matter where your company is located, virtual bookkeeping staff can give you all the advantages you need to stay open and profitable for many years to come.
• These services are usually virtual, as well, so it doesn’t require you to trudge to an accountant’s office to start their services.
• All these plans are for businesses with up to $20,000 in expenses using the cash accounting method.
• Online bookkeeping services are a hybrid of bookkeeping software and professional accounting.

For S-Corps, C-Corps, and Partnerships, you can add-on personal filing for 1 partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly. During your demo, we’ll walk you through the services included in each Bench bundle to determine which is the best fit for your business. 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. It works with Quickbooks or Xero but you’ll need your own subscription to those services. A bookkeeper can also give you insight into your cash flow (and you can get started with instant insights with Nav’s Cash Flow Tool).

It can be difficult to trust a virtual service with your books, and even harder to know which service to choose. To help ease the process, I’ll show you how I run my virtual bookkeeping service and explain what to look for in these services, so you can make the best decision possible. Each customer’s main point of contact is a dedicated in-house, professionally-trained bookkeeper, based in North America.