QuickBooks Live Bookkeeping—as its name suggests—lets you speak to Certified QuickBooks ProAdvisors for more personalized and real-time bookkeeping support. Its features include virtual collaboration, income and expense tracking, bills management, account reconciliation, and transaction categorization. Its plans start at $200 per month, and it is best for those who need hands-on bookkeeping assistance.
QuickBooks Live Pros and Cons
Access to a dedicated team
A little expensive for microbusinesses
No contract or commitment
Requires a QuickBooks Online subscription
Feature-rich, since it comes with QuickBooks Online’s functions
Who QuickBooks Live Is Best For
- Businesses that are already using QuickBooks Online: QuickBooks Live requires a QuickBooks Online subscription. This is not bad news for those who are not yet subscribers since you can sign up for both products easily and start enjoying the features and services that come with them.
- Business owners and entrepreneurs who are looking for more hands-on bookkeeping assistance: QuickBooks Live is said to be Intuit’s most personalized service, which allows you to gain access to real human bookkeepers via video or chat. It must be noted, however, that with great service comes higher professional fees.
- Businesses that need only bookkeeping support: While it can give quality bookkeeping assistance to you and your business, it should be noted that QuickBooks Live does not provide payroll processing, tax filing, and QuickBooks software troubleshooting.
QuickBooks Live Pricing
QuickBooks Live’s pricing page states that its full-service bookkeeping plans range from $200 to $600 per month, depending on a business’ monthly expense. This fee might be a little too high and not very appealing to microbusinesses. However, its services may be worth it to those who want quality bookkeeping services.
Monthly Business Expenses
Up to $25,000
$25,001 to $150,000
Since QuickBooks Online is a requirement, those who are not yet subscribed may choose from four plans: Simple Start ($25 per month), Essentials ($40 per month), Plus ($70 per month), and Advanced ($150 per month). QuickBooks also offers bookkeeping setup for $50.
From time to time, the provider gives discounts. Visit its website to check if there’s one on offer today.
QuickBooks Live Alternatives 2020
Online Bookkeeping Services
Startups and small businesses that have a tax professional but need a bookkeeper
Small businesses that want an all-in-one solution: bookkeeping, payroll, and tax
Small businesses that want an affordable rate
Tech startups or any small business just getting off the ground
Small to medium-sized businesses that want to use QuickBooks and Xero bookkeeping, accounting, and advisory solutions
Businesses interested in 24/7 accounting and support with real-time financial details
QuickBooks Live Features and Services
QuickBooks Live has everything that you need to ensure accurate and hands-on bookkeeping. I’ve compiled the most essential features and services of QuickBooks Live Bookkeeping to help you gauge whether or not it’s a good fit for your needs.
A Dedicated Team
You will be matched with QuickBooks-certified bookkeepers who will provide you with ongoing bookkeeping services. There will also be a group of other professionals working in the background, helping keep your books organized and done right.
Virtual Collaboration and On-demand Chat
Once you are introduced to your primary bookkeeper and dedicated team, you will have the ability to talk to them through a one-way video and virtual screen share. Here, they may discuss your business’ financial status and answer your questions in real-time. You may also send inquiries through on-demand chat.
100% Accurate Books Guarantee
This is applicable if your QuickBooks Live bookkeeper makes an error that requires you to reopen your books for any month. At no cost, QuickBooks Live will then correct the inaccuracies.
All of QuickBooks Online’s Features
When subscribed to QuickBooks Live, you get its services, as well as all of what QuickBooks Online has to offer. These include managing bills and 1099 contractors, inventory and income and expense tracking, project profitability assessment, and receipt management.
Summary of QuickBooks Live Reviews
There are no QuickBooks Live reviews as of this article’s writing (Feb. 17, 2020). This could be since it’s a fairly new product and launched in the summer of 2019. If you are a QuickBooks Live customer, then leave a review to help others who are deciding whether or not to use the service.
QuickBooks Live Frequently Asked Questions (FAQs)
Can I change or cancel my plan at any time?
Yes, you can. QuickBooks Live doesn’t require contracts.
Can I request for a QuickBooks Live setup refund?
Yes, you can request a refund prior to your setup appointment.
When can I connect with my QuickBooks Live bookkeeper?
You may schedule a video chat with your bookkeeper during regular work hours whenever you have questions. Alternatively, you may also leave them a message through chat or email at any time.
Our Top Accounting Software Provider Picks
If you aren’t sure that QuickBooks Live is right for you, then this article on the 7 Best Online Bookkeeping Services is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on services like basic bookkeeping, cash and accrual accounting, payroll, and tax return.