Here, we will tell you about the complete concept of QuickBooks Live Bookkeeping. Multiple business organizations either small-sized or medium-sized trust QuickBooks software to perform their accounting financing tasks. In a study we know, nowadays the QuickBooks Proadvisor program is not too much trustable by the users because users now feel better with accountants. This is the reason behind introducing the QuickBooks Live Bookkeeping for business owners.
- What are the Benefits of QuickBooks Live Bookkeeping
- Services you’ll get by QuickBooks Live Bookkeeping
- Services you’ll not get by QuickBooks Live Bookkeeping
- What to expect from QuickBooks Live Bookkeeping
- How QuickBooks Live Bookkeeping Works?
- How can you start using QuickBooks Live Bookkeeping?
- How much does QuickBooks Live Bookkeeping cost?
- How To Become a QuickBooks Online Bookkeeper
- How to cancel QuickBooks Live Bookkeeping Subscription
It is the smartest way to fill the gap between the small business and virtual bookkeeping certified by Intuit’s QuickBooks. You can use QuickBooks Live Bookkeeping service to make sure that you are up-to-date, accurate, and ready for tax time. If you want to get the higher details then contact our experts through the helpline number +1-855-441-4417
Short note on QuickBooks Live Bookkeeping
QuickBooks Live Bookkeeping provides a web-based online platform for bookkeepers. In this, the self-employed bookkeepers perform all the tasks online. It also provides live, one-on-one support from a QuickBooks certified bookkeeper who has good knowledge of your business. This platform is designed and developed by Intuit so that anytime owners can hire trustable bookkeepers to handle their business by managing and maintaining the books.
You can know your bookkeeper reviews and also be capable of closing your books every month so that you can increase the focus on your business. You can easily hand over your business to bookkeepers because they are highly qualified, well educated, and have good knowledge of bookkeeping. So there is a very minor chance that you will get anything wrong in your organization’s bookkeeping.
We advised you, feel free while hiring an accountant or Bookkeeper for your business. Although you don’t need to worry about bookkeepers, they well know how to do the work in the right proportion. Stress out your mind and freely do other business accounting tasks.
Suggested Read: How an Accountant help you to grow your Small Business
What are the Benefits of QuickBooks Live Bookkeeping
Every Business Enterprise requires a complete format of their accounting tasks to check out the profits and losses of the business. A complete format is only generated with the help of bookkeeping and to manage and maintain these accounting tasks, business needs an accountant. Now start discussing the benefits of QuickBooks Live Bookkeeping without wasting your valuable time which are:
Saves your Time
Your time will definitely be saved if you are using QuickBooks Online Bookkeepers for taking the daily reports of your business task by the QuickBooks certified bookkeepers.
QuickBooks Online Bookkeepers will work effectively, accurately, and efficiently. So that you don’t check your books again(it leads in saving time). It ensures you that your books show you the right entries and closes accurately either monthly or yearly, you will always get proper records in your book.
Peace of Mind
Once you have subscribed for QuickBooks Live Bookkeeping service Membership, it ensures that your books show you the right entries and closes accurately every month. So that you are always ready to pay your tax return.
Virtual Support facility
Get connected with your bookkeepers through the video appointments and make your session more interactive. Intuit will offer you multiple interacting tools, few of them are QuickBooks Live Chat Support and QuickBooks Virtual Collaboration. Both are very helpful if you require urgent help or you have an emergency. Stay connected with us and enjoy our valuable Live bookkeeping services.
Services you’ll get by QuickBooks Live Bookkeeping
QuickBooks Live Bookkeeping have:
- Setup: Your Bookkeeper will offer you a facility to set up your Charts of Accounts, Connection to the banks, and overview and basics of QuickBooks software. If you are already having few data in QuickBooks then they make a plan to clean it.
- Ongoing Bookkeeping: Every month Bookkeeper needs to categorize your transactions as well as reconcile the transactions.
- Month-end close: At the ending of each month, bookkeeping needs to close your books then check out that everything is accurate in the books, and will get complete assurance by preparing the trial balance.
Services you’ll not get by QuickBooks Live Bookkeeping
QuickBooks Live Bookkeeping doesn’t have:
- Sending invoices and payments of bills
- Financial and tax support advice
- Managing inventory
- Account Receivables
- Account Payables
- Managing the payroll
- Filing income or sales tax returns
- Creating and sending 1099s
Note: QuickBooks Online will offer you full payroll service with an additional charge or cost
What to expect from QuickBooks Live Bookkeeping
One of the best services which you will get is QuickBooks Online Accountant. No matter, you are an owner of any business enterprise or you are only a QuickBooks user, if you both adopt the same, then you both will get the same facilities to handle your business effectively and efficiently. Now focus on key goals of QuickBooks Live Bookkeeping offered to their users. These are:
- Monthly Categorization
- Reconciliation of banks and books
- Year-wise bookkeeping report
- A Complete QuickBooks Guide for beginners
How QuickBooks Live Bookkeeping Works?
As we mentioned above, it is a web service introduced by Intuit. If you are willing to know the procedure of how Live Bookkeeping works, you can learn from here.
Match with your Team
In the start, QuickBooks analyze your business so that you will get the right Bookkeeping service from Intuit. For the analyzing phase, Intuit schedule an appointment with their bookkeepers via live chat service. In this service, the bookkeeper will tell you about the plan and their further process and also guides you to choose the custom bookkeeping plan.
QuickBooks Live Bookkeepers assists and guides you, need to go through the team progress in the real-time, scheduling the decision with the primary bookkeeper, rapid;y send the message and our experts team will be ready to revisit to you.
How can you start using QuickBooks Live Bookkeeping?
This service is now available for a limited set of small business owners, But in the coming days, this service is made available for multiple business owners. If you are working with QuickBooks Online then follow the simple steps for QuickBooks Live Bookkeeping. These are:
- Firstly, if you already have QuickBooks Online, then choose “My Experts” from the top-right menu
- After that, choose the link under “Live Bookkeeping” to sign up and to get the service
- Now you need to sign up for a new QuickBooks Online Subscription, At the time of sign up, the QuickBooks Live Bookkeeping option will appear to you.
Note: Once you have successfully subscribed, you can schedule the video sessions or appointments to talk to your bookkeeper.
Most Business enterprises like to meet their bookkeeper every month. If you want to interact with your bookkeeper you can either go for in-product chat or schedule a video call during your business hours. Monthly meetings with the bookkeeper is a precious time for updating the status of your books and financial statements.
How to Schedule an appointment?
For scheduling an appointment you have to follow some easy and simple steps which are:
- First of all, you have to choose “My Experts” from the top-right menu
- After that, Under “Live Bookkeeping” simply choose “Schedule my appointment”
- Now fill all the required information and choose an appropriate appointment time. If someone already fixed the appointment at the same time, it will notify you as on-screen pop-ups. When everything is done you will see the status or confirmation of your appointment specifying that your appointment is booked.
How to message the Bookkeeping Team?
To message the Bookkeeping team you have to follow some easy and simple steps which are:
- In the first step, you have to choose “My Experts” from the top-right menu
- After that, Under “Live Bookkeeping” simply choose “Send a message”
- A chat window will appear on your screen. Messages are automatically delivered to your Bookkeeper and you will also get instant replies as per your query.
How much does QuickBooks Live Bookkeeping cost?
Business owners will get three levels of support under Full-Service Bookkeeping based on the complexity of business enterprise tasks.
- $25,000 or less in monthly expenses($200/ month)
- $25,000 – $150,000 in monthly expenses($400/month)
- More than $150,000 in monthly expenses($600/month)
Points to Remember:
- Business Complexity can be assessed based on the amounts of monthly expenses that you will have every month
- You will get 3 months average for assessing the level of support which you require
- No extra charge is included in the service expectations based on the level of support
- Once you have signed up for QuickBooks Live Bookkeeping, you will get an initial level of support from Intuit. But if you want to adjust the level of support, you can adjust it by interacting with your bookkeeper as necessary.
If you are willing to become a QuickBooks Online accountant then check below, how you can connect via QB online bookkeeping service.
How To Become a QuickBooks Online Bookkeeper
In the future, the Demand for Online Bookkeepers and accountants will be very high. So now you are having a better option to switch your journey to become QuickBooks online Bookkeeper. Here you will know the complete procedure to become an Online Bookkeeper.
You have to fulfill some requirements to become a QBO Bookkeeper
- Must have a certified public accountant
- Must have certified public bookkeeper(if you fulfill the above requirement then it is optional)
- In addition, it requires 3 years of experience in managing any organization’s Books
- Your graduation must be completed in the field of accountancy and finance.
- A minimum of 1 year of working experience in QuickBooks online require
If you fulfill all the requirements of Intuit then send an email to the QuickBooks, they will directly contact you as soon as possible.
How to cancel QuickBooks Live Bookkeeping Subscription
You are eligible to cancel your QuickBooks Live Bookkeeping Subscription at any time. We are always advised to make cancellations at the ending of your billing month. For canceling the QuickBooks Live Bookkeeping Subscription you have to follow some simple steps. These steps help in sending a message to your bookkeeper about the cancellation. Steps are:
- Firstly, Go to “Settings ⚙” and then visit “Account and Settings”
- After that choose “Billing and Subscription”
- In the end, Choose “Cancel” for QuickBooks Live Bookkeeping. A window appears on your screen, you have to confirm on the window that you are willing to left off the subscription.
In Bottom Line
We hope all your doubts and queries might clear after reading the article based on “QuickBooks Live Bookkeeping”. We have covered QB Live Bookkeeping benefits, Services, Working, and a complete procedure to add QuickBooks Live Bookkeeping Membership service along with the Cancellation Process. If the issue persists, ready to interact with our Intuit Certified Proadvisors and get complete support from us.
For fixing other QuickBooks issues, now you can join our QuickBooks Community and get effective solutions from our experts.