Xero Accounting Review 2025

Brainy Advisors received a high mark in the personal bookkeeper criterion because it provides dedicated bookkeepers. It could have aced the category if it offered invoicing and bill pay as part of its regular services. Reviewers like that the service is affordable and that it offers a free trial of one month of bookkeeping—but Fit Small Business readers get two free months of bookkeeping! Another bonus is that Bench offers unlimited customer support and unlimited year-round tax advisory services.

Bench Accounting vs Merritt Bookkeeping Comparison

Their bookkeeping services alone provide valuable, time-saving support from bookkeepers, accountants, and CPAs. Their comprehensive bookkeeping platform offers services for monthly reporting, accounting, bookkeeping, and financial management. It tops our list of the best online bookkeeping services, with a range of services offered at a great value. Freelancers working remotely will appreciate the iOS mobile app that provides real-time cash flow updates and financial reporting functionality. One area you do not want to let fall to the wayside as an entrepreneur is managing and organizing your financial transactions. Bookkeeper360 offers a rare pay-as-you-go alternative to many online bookkeeping services.

The highest rated bookkeeping service on the web

Therefore, if you are required to use an accrual accounting method for your startup, you will need to pay extra. Moving on to Xero, an easy-to-use merritt bookkeeping reviews online accounting platform that attracts business owners with its robust, user-friendly design. Also, since QuickBooks is so popular, it’s easy to share your financials with an accountant when tax time comes around or if you need professional advice. Having explored countless bookkeeping platforms, I can confidently say that Merritt has created its unique standing in the world of accounting software. The Fit Small Business editorial policy is rooted in the company’s mission, which is to deliver the best answers to people’s questions.

I don’t have a QuickBooks file

I find this incredibly helpful for saving time and keeping stress levels low. They noticed early how many entrepreneurs lacked time to take care of bookkeeping efficiently and seized this opportunity gap by providing a solution—turnkey digital bookkeeping. Instead of fussing over receipts and ledgers on your payroll own or hiring an expensive account manager, you can simply delegate these tasks to them while focusing on taking your business forward. Essentially, it’s a bridge connecting your business to an impeccable financial organization without stepping into the complications of doing everything by yourself. Yes, Bench will prepare and file your taxes for you as part of the Premium plan.

• One of the key benefits of using Merritt is that they simplify bookkeeping by using QuickBooks.
• Xendoo offers a variety of financial services for startups and small businesses, including bookkeeping, tax preparation, and fractional CFO services.
• Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value.
• However, users wished that a mobile app for Android was available and that a phone number to call for customer support was provided.
• Merritt Bookkeeping is by far the least expensive online bookkeeping service available on this list.
• Reviewers like that the service is affordable and that it offers a free trial of one month of bookkeeping—but Fit Small Business readers get two free months of bookkeeping!
• For dedicated startup bookkeeping that you can trust, look no further than 1-800Accountant.

Merritt Bookkeeping, an online bookkeeping service for cash-based businesses, uses QuickBooks as its bookkeeping platform. It offers a basic package that includes automated monthly downloads of bank statements and monthly financial reports. This service is ideal for businesses with basic bookkeeping Retail Accounting needs, as it doesn’t assist with taxes, payroll, and invoicing.

• Merritt Bookkeeping doesn’t currently offer a mobile app, so Bench is the clear winner in this category.
• To start, a bookkeeper will review your startup’s books and update them, as well as conduct a detailed review of your transactions to ensure they are cataloged correctly.
• Yet, the 90-day money-back guarantee certainly adds a layer of reassurance for customers to try out their services risk-free.
• However, every service comes with its own set of challenges – and Merritt is no exception.
• I run a startup and used Merritt to get me up to speed on 11 months of backlogged bookkeeping.
• This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Atomic Invest.