Connect with the top global companies offering expert bookkeeping services to maintain accurate records of all your financial transactions. Sort them by budget, reviews, team size, etc., to find the agency partner that can meet your business needs.
Best Bookkeeping Companies
657 Companies-Rankings updated: August 20, 2026
DesignRush evaluates each agency using expert assessment and client feedback to inform your choices. Some featured agencies have paid placements.
VerifiedVerified by the DesignRush team for authenticity and credibility.
Let us save you time & money.
Dimov Tax offers expert domestic and international tax and financial services, including individual and business tax preparation, cryptocurrency and stock taxation, IRS/state notice resolution, forensic accounting, M&A consulting, property management accounting, CPA letters, and tailored strategies...
Top Services:
Business Consulting
Accounting
Location
Denver, Colorado
Number of Employees
Under 49
Portfolios Count
4 Projects Listed
Dimov Tax Services
Business Consulting
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
High-Net-Worth Individuals
Startups
Technology Companies
International Taxpayers
Real Estate Investors
Professional Athletes & Entertainers
Healthcare Practices
Multi-State Businesses
Nonprofit Organization
Data sourced from the agency's DesignRush profile
Dimov Tax Reviews & Testimonials
Dmitrii Legetskii
Co-owner at VLA&DI Group
5.0★
Accounting Review from Dmitrii Legetskii
This company helped us set up our accounting system from beginning to end. I am a serial entrepreneur with experience working with many different accounting groups and this one has been the most responsive overall. They have helped us with registering the business, putting together payroll, and getting our quarterly tax returns filed. They have been also very helpful with giving personal tax advice. I would recommend them to any other friends and especially other business owners.
Setty McIntosh
Producer Creative Director at Media Production Company
4.2★
Accounting Review from Setty McIntosh
Services 2 years in a row. George Dimov is now my C.P.A. Excellent, organized, thorough and timely. We were impressed with their patience, courteousness, and efficiency.
Undisclosed
Executive at Tax Services Company
5.0★
Accounting Review from Undisclosed
They were easy to deal with. George Dimov, CPA successfully delivered the project as per the client's requirements. The service provider utilized Email and messaging apps for effective responsiveness and communication. They were also easy to work with. Ultimately, the client was satisfied with the partnership.
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
VerifiedVerified by the DesignRush team for authenticity and credibility.
Full-service Tax And Accounting Since 1988
Watter CPA has helped individuals, entrepreneurs, and businesses navigate tax, accounting, bookkeeping, and advisory needs since 1988. We combine experienced professionals with modern technology to deliver proactive tax planning, compliance, and financial guidance...
Top Services:
Accounting
Location
Rockville, Maryland
Number of Employees
50 - 99
Average Hourly Rate
$50/hr
WatterCPA Services
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
Entrepreneurs
Small Businesses
Consultants
Technology Companies
Professional Service Firms
Real Estate Investors
Healthcare Professionals
High-Net-Worth Individuals
Data sourced from the agency's DesignRush profile
WatterCPA Reviews & Testimonials
Stephanie Siegel
Review from Google
1.0★
Stephanie Siegel's Review Sourced from Google
Communication was horrible or mismanaged. Too many accountants cc'd on e-mails, documents lost within e-mails and last minute change to CPA working on our taxes. Never had this run around filing taxes in my life. I don't normally write reviews but I felt obligated given this experience.
T Batacan
Review from Google
5.0★
T Batacan's Review Sourced from Google
This team of tax experts were amazing working on my family's taxes and we would use them again. The experience, expertise, professional and adept ability to answer multiple questions regarding our taxes was great. I would recommend them again.
Elizabeth Schmidt
Review from Google
5.0★
Elizabeth Schmidt's Review Sourced from Google
I had a 5-star experience working with Watter CPA. The staff responded quickly to emails and were always courteous and professional. Moreover, they found tax breaks that I surely would have missed had I done the taxes on my own. I recommend them highly!
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
VerifiedVerified by the DesignRush team for authenticity and credibility.
Tax and Accounting Services for New Jerseyans
Since 1993, Wasserman Accounting CPAs has helped individuals, families, and businesses navigate tax, accounting, bookkeeping, and advisory needs. We provide proactive guidance, reliable compliance support, and practical financial solutions tailored to each client's goals...
Top Services:
Accounting
Location
Hainesport, New Jersey
Number of Employees
50 - 99
Average Hourly Rate
$50/hr
Wasserman Accounting CPAs Services
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
Real Estate Businesses
Construction Companies
Manufacturers
Family-Owned Businesses
Professional Practices
Retail Businesses
Trusts & Estates
Closely Held Corporations
Data sourced from the agency's DesignRush profile
Wasserman Accounting CPAs Reviews & Testimonials
Stephen Manzi
Review from Google
5.0★
Stephen Manzi's Review Sourced from Google
Wasserman Accounting made the process straightforward and easy to complete. Their questionnaire system was well organized, communication was clear, and the overall experience was positive. We appreciated their assistance with our corporate tax filing and would be happy to work with them again in the future.
Jack Pavelko
Review from Google
5.0★
Jack Pavelko's Review Sourced from Google
I have been doing my taxes with Wasserman Accounting for many years and have had exceptional results. Jacqueline Heston is tenacious, responsive, and finds every possible deduction. This is a top-notch firm!
Marc Palacios
Review from Google
5.0★
Marc Palacios's Review Sourced from Google
I had a great experience working with April Moore and the rest of the team. From start to finish, they were professional, responsive, and extremely knowledgeable. April took the time to explain everything clearly and made the entire process smooth and stress-free, which I really appreciated.
What stood out most was how organized and detail oriented the team was. They made sure all of my questions were answered and helped me feel confident that everything was handled correctly and efficiently. It’s clear they truly care about their clients and the quality of their work.
I highly recommend April Moore and her team to anyone looking for reliable and trustworthy accounting support. I’ll definitely continue working with them in the future.
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
VerifiedVerified by the DesignRush team for authenticity and credibility.
Since 1976, Clarity Tax Group has helped individuals and businesses navigate tax, accounting, and advisory matters with confidence. We provide proactive tax planning, compliance support, bookkeeping, and financial guidance designed to bring clarity to complex financial decisions...
Top Services:
Accounting
Location
Bellingham, Washington
Number of Employees
50 - 99
Average Hourly Rate
$50/hr
Minimal Budget
Under $1,000
Portfolios Count
1 Project Listed
Clarity Tax Group Services
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
Cross-Border Taxpayers
Small Businesses
Professional Practices
Consultants
Real Estate Investors
Trusts & Estates
Family-Owned Businesses
High-Net-Worth Individuals
Data sourced from the agency's DesignRush profile
Clarity Tax Group Reviews & Testimonials
Lee Ellis
Review from Google
5.0★
Lee Ellis's Review Sourced from Google
Clarity Tax has consistently remained professional, timely in every aspect of my tax filing, and extremely courteous over the years.
I have no hesitation to highly recommend Clarity to anyone searching for a reputable and trustworthy Association.
Stephen Pecota
Review from Google
5.0★
Stephen Pecota's Review Sourced from Google
Clarity has been doing my taxes for several years now. They are very easy to work with. Always professional. Reliable. And when I need to be nagged, they do it in such a friendly way! I live in Seattle and have never been to their office, but the communication is always first rate. I highly recommend them.
Paula Hardman
Review from Google
5.0★
Paula Hardman's Review Sourced from Google
This accounting business has been a pleasure to work with for a number of years. They helped me through the changes that took place when my husband died. Efficient, responsive and kind.
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
VerifiedVerified by the DesignRush team for authenticity and credibility.
Exceptional Accounting, Extraordinary Services
Since 1995, DayCPA has helped individuals, entrepreneurs, and businesses navigate tax, accounting, bookkeeping, and advisory needs. Our team delivers proactive tax planning, reliable compliance support, and practical financial guidance designed to support long-term success...
Top Services:
Accounting
Location
Vancouver, Washington
Number of Employees
50 - 99
Average Hourly Rate
$50/hr
Minimal Budget
Under $1,000
DayCPA Services
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
International Taxpayers
Technology Companies
Startups
E-Commerce Businesses
Consultants
Small Businesses
Investors
Foreign Nationals Working in the U.S.
Data sourced from the agency's DesignRush profile
DayCPA Reviews & Testimonials
Milena Odrinskaya
Review from Google
5.0★
Milena Odrinskaya's Review Sourced from Google
I always had a great experience with this company and certainly recommend them. Responses are quick and accurate and service is professional.
María José Ruiz
Review from Google
5.0★
María José Ruiz's Review Sourced from Google
I had a great experience here! I’ll use them again. My accountant was Sara & she was fantastic. Thank you to the whole team!
Hailey Salierno
Review from Google
5.0★
Hailey Salierno's Review Sourced from Google
I have used this company for a number of years on my tax filings, and they have always been very quick to reply and provide service. Now that I also have my own business I am very excited to also use them for my business strategic planning. We have already been working together on this and I am looking forward to what next year will bring. The people on my team that have been helping me is Sergei and Marina.
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
VerifiedVerified by the DesignRush team for authenticity and credibility.
Exceptional CPA Services
Since 2000, Maris & Associates CPAs has provided tax, accounting, and advisory services to individuals and businesses. We help clients navigate complex tax matters, maintain compliance, improve financial visibility, and make informed decisions with confidence...
Top Services:
Accounting
Location
Everett, Washington
Number of Employees
50 - 99
Average Hourly Rate
$50/hr
Minimal Budget
Under $1,000
Maris & Associates, CPA's Services
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
Small Businesses
Contractors
Construction Companies
Service Businesses
Medical Practices
Professional Firms
Family-Owned Companies
Entrepreneurs
Foreign Nationals Working in the U.S
High-Net-Worth Individuals
Data sourced from the agency's DesignRush profile
Maris & Associates, CPA's Reviews & Testimonials
Valeriya Alkina
Review from Google
5.0★
Valeriya Alkina's Review Sourced from Google
Maris CPA’s made my taxes easy and stress-free. They were professional, efficient, and very helpful throughout the process.
Brian Reed
Review from Google
5.0★
Brian Reed's Review Sourced from Google
Very happy with the quick responses and knowledge given this year for the tax return. Been using this company for the past 12 years, a few staff changes and all, but overall very pleased.
Bea Jenina Bantigue
Review from Google
5.0★
Bea Jenina Bantigue's Review Sourced from Google
The team here at Maris has been so helpful for me. I really appreciate the time they took to explain my taxes last year and the year before.
I have been working with Prem on the team and he has been really nice as well. I do not want to forget Salvatore‘s contribution, either. Thank you so much.
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
VerifiedVerified by the DesignRush team for authenticity and credibility.
Exceptional Accounting Extraordinary Services
Since 2000, The Tax Accounting Group has helped individuals and businesses navigate tax, accounting, bookkeeping, payroll, and advisory needs. We combine technical expertise with personalized service to help clients stay compliant, improve financial visibility, and plan confidently...
Top Services:
Accounting
Location
Everett, Washington
Number of Employees
50 - 99
Average Hourly Rate
$50/hr
Minimal Budget
Under $1,000
The Tax Accounting Group & CPAs Services
Accounting
Data sourced from the agency's DesignRush profile, its website, and other relevant accounts
Small Businesses
Multi-State Businesses
Professional Service Firms
Retail Businesses
Healthcare Providers
Contractors
Real Estate Investors
Growing Companies
Cross-Border Taxpayers
Data sourced from the agency's DesignRush profile
The Tax Accounting Group & CPAs Reviews & Testimonials
Gabriela Acosta del Portal
Review from Google
5.0★
Gabriela Acosta del Portal's Review Sourced from Google
If you’re looking for a dependable tax firm, this is the one. They are attentive, knowledgeable, and genuinely care about their clients.
Claudia Del Carpio Reynaga
Review from Google
5.0★
Claudia Del Carpio Reynaga's Review Sourced from Google
The team went above and beyond to ensure everything was correct and optimized. Truly a great experience
Maria Guerra
Review from Google
5.0★
Maria Guerra's Review Sourced from Google
Excellent communication and professionalism. I felt confident that my taxes were done accurately and in my best interest Excellent communication and professionalism. I felt confident that my taxes were done accurately and in my best interest
Reviews verified by DesignRush and sourced from the agency's profile
View All Reviews
SDR Teams, Lead Generation & Call Center Services for B2B Companies
SDR Teams, Lead Generation & Call Center Services for B2B Companies
Munzai Solutions provides dedicated SDR teams, inbound call handling, and outbound lead generation for growing companies. We help businesses generate qualified meetings, manage customer inquiries, and build consistent sales pipelines without the cost of hiring in-house teams...
VerifiedVerified by the DesignRush team for authenticity and credibility.
World-Class Outsourced Teams Operating 24/7 Globally, in 60+ Languages
World-Class Outsourced Teams Operating 24/7 Globally, in 60+ Languages
Hugo provides secure, end-to-end customer support, back office, AI operations, and trust & safety solutions for US-based and global clients. We are PCI DSS, ISO 27001, HITRUST, SOC 2 certified and HIPAA & GDPR compliant, to serve regulated industries including fintech, healthcare, and SaaS platforms...
Think Big. Think The Apptitude - We build apps that build your business.
Think Big. Think The Apptitude - We build apps that build your business.
Think Big. Think The Apptitude. This is not merely a slogan - we welcome challenges and deliver sustainable results as per the needs and timeline of clients. From startups to established businesses, The Apptitude has been helping brands succeed in the AI and digital world for well over 9 years...
We are number one in Shopify, WordPress and BigCommerce with updates, custom themes and sitespeed. No need to pay those high Agency fees. Look here and get the best quality at a price you can afford...
Make customer experience your strongest competitive advantage. CX forms the beating heart of Business Process Management, delivering success by boosting customer retention and ensuring less costly, more efficient operations...
LeadBuds is a specialized B2B lead generation company that leverages over a decadmpowerment. Built on trust and reliability, LeadBuds delivers consistent value through tailored LinkedIn and email campaigns designed to connect you directly with decision-makers and enhance conversion rates seamlessly...
We Imagine a World in which Small and Big Companies Have Equal Chances to Win New Customers in the Market.
Our purpose is to bring "parity" and reduce the gap between large and small firms with the help of our cold calling and email marketing services...
Outsourced VA, who has been in the business since 2009, is a Business Support Outsourcing (BSO) providing virtual support assistant that aims to take away tedious tasks so that clients can focus on income-generating activitieschanging how they do business and allowing them to go to the next level...
Xceed Bangladesh Ltd. is a premium website design and web development company in Chittagong, Bangladesh with expert specialization in Corporate Custom Website Design, Custom Web Application Development, E-commerce, Web Portals Development, Corporate Logo Design, and SEO...
We don't just make strategies for brands, we make the brands, the strategy.
We don't just make strategies for brands, we make the brands, the strategy.
We are a branding and digital marketing agency with experience in 11 different countries and clients from all economic sectors.
We have five dishes on the menu designed for any type of business, so continue to explore everything we can do together...
A Single Place to Fulfill Your All Accounting and Finance Management Needs.
A Single Place to Fulfill Your All Accounting and Finance Management Needs.
CapActix is an ISO 9001:2015, 27001:2013, and GDPR-certified Offshore Staffing Company. With a team of 120+ experts, we specialize in providing finance and accounting outsourcing services to businesses in the USA...
Run A Hassle-free Business! Remove the bottlenecks that prevent your growth!
Run A Hassle-free Business! Remove the bottlenecks that prevent your growth!
Serenichron is dedicated to proactively identifying the pressing needs of small and medium businesses and offering holistic business analysis and development services. Through our commitment to fairness, transparency, and honesty, we aim to build lasting partnership and provide scalable, affordable solutions...
Upcloud Accounting is a virtual accounting firm located in Quezon City, Philippines, and is an expert in all areas of accounting, bookkeeping, consulting, outsourcing, payroll, taxes (PH), and business services. We collaborate with our clients to create custom protocols and procedures that support, reinforce...
Intellofy Technologies is a premier outsourcing and digital marketing agency specializing in delivering top-tier talent and innovative solutions. With a strong focus on client satisfaction, we provide expert services in web development, SEO, digital marketing, accounting, and more. Our dedicated team in India...
Unlock Your Financial Potential: Partner with Parikh Financial to optimize your finances and achieve your goals. Our expert team, including bookkeepers, accountants, data analysts, and fractional CFOs, builds efficient financial operations and leverages BI & big data for insightful decision-making...
We are technology driven Accountants helping you optimize technology and utilize cloud and artificial technology to make Accounting, Bookkeeping and your Taxes painless. We have a great system to manage things and we never miss any CRA phone calls with 24/7 reception...
Transform Your Workflow with Highly Skilled Virtual Assistants.
Transform Your Workflow with Highly Skilled Virtual Assistants.
Keach Assistants is a U.S.-based virtual assistant company specializing in providing expert bookkeeping, accounting, eCommerce, and data entry services. Our team of highly skilled virtual assistants is equipped to handle the complexities of modern business tasks, helping you streamline operations and improve...
We help UK accountants to achieve 10X work efficiency with faster turnaround time & 5X profitability with lower resourcing costs by taking care of their backend workflow with outsource services so that they can grow their practice...
NCRI began 13 years ago in a two-man shop working on AR for small companies. With a lot of hard work and earned reputation, the word of mouth spread and thereon we expanded from our one office in Mississauga to three multiple locations within Canada. With 80+ years of combined management experience and...
Dedicated remote teams from India, starting at $5/hour. 500+ pre-vetted professionals. Operated by LegelpTech Outsourcing Pvt Ltd (ISO 27001:2022 certified). 5-day risk-free trial. 48-hour shortlist. Founded 2021 by Ashu Mishra & Chandra Prakash. Serving SMB and mid-market clients globally...
VerifiedVerified by the DesignRush team for authenticity and credibility.
All-In-One E-commerce Technology Solution Provider: Because Every Click Matters.
All-In-One E-commerce Technology Solution Provider: Because Every Click Matters.
Vserve Ebusiness Solutions is an AI-powered Supply Chain Management and Ecommerce company with 10+ years of global delivery. We provide offshore teams, BPO, procurement, order and inventory management, customer support, and ecommerce solutions to reduce costs and improve efficiency...
Gutsy Money is a bookkeeping and business advisory firm committed to empowering female founders & entrepreneurs to set solid business financial foundations in order to experience confidence, freedom, and exponential wealth...
Guidance and Oversight for Critical Technology Decisions
Guidance and Oversight for Critical Technology Decisions
37SOLUTIONS provides strategic technology leadership and digital services for small businesses and personal brands. We bring enterprise-grade thinking to businesses that don't need a full-time CTO and pair it with hands-on execution across hosting, development, and marketing.Fractional CTO & Technology...
Affordable Data entry services and solutions for your business
Affordable Data entry services and solutions for your business
virtualousPRO offers affordable, high-quality data entry services enabling SMEs to outsource key needs. Our end-to-end data management spans collecting, processing, integrating into CRMs cleanly formatted info ready to fuel decisions and growth. Cross-checking for accuracy, custom daily reporting, s...
Helping businesses capture, nurture and close more leads!
Helping businesses capture, nurture and close more leads!
Stand Out From The Pack is a distinguished digital marketing agency offering a service that integrates automated sales and marketing systems. As industry leaders, we provide innovative solutions to elevate your digital presence and drive results...
We provide bookkeeping, digital marketing, and administrative support for small business owners at prices they can afford.
Whether you need an advisor to guide your next steps or an expanded team to lighten your load, we let you focus on doing what you love...
We help businesses & brands move online, get more visibility, more leads, boost, & grow sales.
We help businesses & brands move online, get more visibility, more leads, boost, & grow sales.
We build brands. Our aim is to help businesses and brands move online, get more visibility, more leads, boost, and grow their sales through conversions with innovative solutions. We believe you should experience affordable Web Design & Development, SEO, Online Branding, Pay Per Click Advertising, & Internet...
One Accounting is a professional accounting firm with offices located in Oakville, Hamilton and Toronto providing a wide range of services for corporations, small businesses and personal taxes. We provide cost-effective solutions for businesses. Our team of experts are knowledgeable in the latest accounting...
Alpha Digi Solutions is an AI automation agency that builds systems to take manual work off your team: CRM, sales, onboarding, support, workflow, and AI agents, for growing and mid-market companies across the US and UK. Fixed scope, fixed price, live in 4 to 8 weeks...
Powering Business Intelligence with AI-Driven Data Support
Powering Business Intelligence with AI-Driven Data Support
Data-Entry-India.com is a global Data & AI operations partner. Serving 3,850+ clients across 50+ countries, we specialize in enterprise data operations, AI training data services, digital commerce data support, data research and intelligence services, and document and content-related support...
Your Finance Team Bookkeeping, Accounting & Strategy for One Monthly Price
Your Finance Team Bookkeeping, Accounting & Strategy for One Monthly Price
CoCountant gives you a fully managed finance team that handles your books, reporting, and financial questions all for a fixed monthly fee. We work with startups and growing businesses that are tired of inconsistent freelancers, bloated firms, and DIY tools that only get you halfway there...
Our USA-based Medical Billing Company streamlines billing operations for healthcare providers, ensuring increased revenue, reduced costs, and minimized risk. From small practices to large hospitals, we handle denials management, credentialing, coding, and payer verification with expert precision...
Unique designs, ultra customized development, and mobile applications. Our unique combination of skills and talent lets our team knock a variety of projects out of the park. We're a full-service website design, development, and consulting agency that generates growth and revenue for our clients...
CSV Now, a premier consulting firm, excels in talent acquisition, content marketing, and Business Process Outsourcing (BPO). We elevate leading tech brands with holistic business solutions, combining expert talent sourcing and impactful brand communication. With a proven history of success, CSV Now is your...
Our focus is on assisting entrepreneurs and small business owners in navigating the complexities of web technologies. We provide exceptional web solutions that not only meet customer needs but also achieve high rankings through fast, aesthetically pleasing page designs...
Founded in 2002, Antasis is a trusted Singapore-based provider of outsourced business solutions. We deliver world-class customer service, IT support, and back-office operations through a flexible, innovative workforce. Certified in ISO 27001, ISO 9001, Bizsafe Level 3, COPC, and Six Sigma, we ensure quality...
Elevate your business with Web Trending Solutions! Specializing in bespoke website design, SEO, digital marketing, and expert accounting and tax services, we empower your growth in Washington and nationwide. Focus on your strengths; let us manage the complexities. Join us to redefine success...
Quest Global Technologies is a global leader in development & consultation of cutting-edge Blockchain, Metaverse, AR/VR, QA, Automation, Salesforce & Web3 advancements...
A bookkeeping company is a specialized firm that manages the financial records of an organization, ensuring that they are complete, accurate, and compliant with industry policies and regulations. Its core focus is helping businesses better understand their financial performance, make informed decisions, and uncover growth opportunities.
Typically, there are two kinds of bookkeeping services. The first is a standard or regular bookkeeper who performs simple duties, such as inputting financial records and comparing them with bank statements. The second is a full charge bookkeeper, who has managerial responsibilities and is more involved in a business’s overall financial health, managing its banking and payroll, and assisting accountants in filing taxes.
While these two types of bookkeeping services differ in scope and responsibilities, both help businesses overcome some of the following challenges:
Inability to track business’ monetary transactions
Disconnection between the sales and profit margins
Late payments, lost invoices, or unexpected expenses leading to cash flow issues
Frequent compliance violations and penalties
Difficulty balancing inflows and outflows and maintaining stable cash flow
Disorganized or incomplete financial records
Limited financial visibility that subsequently impedes strategic planning
Limited bookkeeping skills and knowledge
The global bookkeeping and financial auditing market is predicted to reach $673.7 billion by 2028, registering a compound annual growth rate (CAGR) of 4.4% from 2023 to 2028. The market growth can be attributed to taxation changes, increasing business complexity, and shifting outsourcing trends pertaining to bookkeeping.
Success story
While the numbers speak for themselves, we selected the following case study to illustrate the impact of bookkeeping services in nurturing financial health.
Challenge: With operations dispersed across over 1,000 locations, a retail chain’s point of sale (POS) terminals reported incorrect, duplicate, and missing transactions. Because of this, it had to dedicate over 400 hours to manually review the financial records of at least 50 stores.
Solution: Leveraging its tax processing and change management platform, alyx, Grant Thornton developed a workflow that automated data consolidation and implemented internal review processes from audit specialists to ensure data accuracy. Once deployed, the technology automatically reviewed the financial records and reconciled accounts.
Results: Grant Thornton reduced reconciliation time by 90%, compressing manual work hours from 400 to 40, which allowed the client’s team to dedicate time to more important tasks.
What do bookkeeping companies do?
Bookkeeping companies streamline businesses’ financial tracking, paying, and reporting processes to minimize data entry errors and ensure accuracy. They coordinate with department heads to collect expense reports and approve purchases, report inaccuracies and variations in monthly financial reports, and help keep a business's annual budget in order.
Key bookkeeping services include:
Financial transaction documentation Recording all financial transactions, including sales, purchases, receipts, and payments together, and ensuring they include details like transaction date, payee, and payor
Accounts receivable/payable management Collecting and monitoring payment transactions, which involves sending invoices to customers, following up on overdue accounts, and scheduling payments for bills
Bank reconciliation Comparing financial records with bank statements to assess for discrepancies and errors in data keeping and reconciling these when possible
Financial reporting Creating balance sheets, income statements, cash flow statements, and other financial reports and submitting these to relevant personnel for their analysis
Budgeting and financing Providing projections for future financial performance based on historical data and market trends and assisting businesses in developing and monitoring budgets to manage spending
Success story
To better illustrate the role of bookkeeping services in real-world business situations, we selected a case study from Crowe:
Challenge: Lacking the resources to reconcile intercompany accounts receivable and payable across its multiple entities, a global telecommunications company partnered with Crowe to provide audit support to its parent company and its foreign subsidiaries.
Solution: Crowe conducted intercompany account reconciliation for three entities across three consecutive annual audit periods. In addition, the company reviewed the accuracy of the parent company’s financial records, drafted financial statements and footnotes, and created a template for the client to use for future reconciliations.
Results: With Crowe’s help, the client gained more accurate financial records and met all reporting and audit deadlines, avoiding potential violations and penalties.
What is the difference between a bookkeeper and an accountant?
Although bookkeepers and accountants operate within the same financial domain, their roles are distinctly different and are frequently conflated with one another. Essentially, bookkeepers handle a business’s day-to-day financial operations, whereas accountants are more involved in the bigger picture of the business’s finances, i.e., they analyze financial statements, perform audits, and file taxes.
Below is a comparison chart:
Bookkeeper
Accountant
Records daily and monthly transactions
Analyzes the records which bookkeepers log to advise business owners on financial decisions
Conducts bank reconciliations
Conducts routine audits and reviews financial statements
Sends invoices, tracks received payments, and processes payrolls
Analyzes the overall cost of operations and manages budgets
Does not have the legal authority to file for taxes
Has the legal authority to file for taxes
How much do bookkeeping services cost?
On average, bookkeeping services cost between $500 and $2,500 per month for fully outsourced services, however, this rate can vary depending on the following factors:
Company size and number of employees
Number of monthly transactions
Number of expense accounts
Number of invoices
Number of balance sheets
Customized reporting needs
Agency location
A bookkeeping company’s pricing model can also affect the overall price of the service. Common models include:
Hourly rate Charges per hour of service rendered, providing an affordable and flexible pricing option for businesses with widely varying needs per month.
Part-time bookkeeping Bills a flat monthly fee for basic bookkeeping services, such as inputting receipts and reconciling records. This is an ideal pricing option for businesses that can perform some bookkeeping services internally (e.g., payroll and financial reports) and want to save up on bookkeeping costs.
Full-service bookkeeping Requires a flat monthly fee for comprehensive bookkeeping services, making a preferred option for businesses that don’t have the internal resources to manage their financial records and have complex needs.
The top 50 bookkeeping companies on DesignRush charge an average hourly rate of $73. 18.6% of agencies accept projects under $1,000, offering cost-effective options for organizations seeking basic bookkeeping services. On the other hand, 0.8% require at least $50,000, catering to businesses that require end-to-end bookkeeping services on a larger scale.
Why should I hire a bookkeeping company?
You should hire a bookkeeping company because it can provide visibility into your organization’s financial health, help you make more informed decisions pertaining to your budget and expenses, and pinpoint opportunities to maximize your profits. Bookkeeping companies can also help you uncover patterns in your financial performance and improve overall financial operations.
Hire bookkeepers because they:
Improve your business’s financial resiliency so you can quickly recover from unexpected financial shocks
Provide greater visibility into your cash flow, transactions, and overall financial records
Minimize record-keeping errors and can prevent compliance penalties
Provide valuable insights on budget allocation and business expenses
Explore opportunities to optimize spending, better allocate budget, and grow revenue
Prepare well-documented financial reports and analyses to be presented to investors and stakeholders
Can fully take over the bookkeeping operations, thus allowing you to focus on core business activities
Success story
To highlight the value of bookkeeping services, we’ve selected Coforge’s case study as a notable example:
Challenge: A commercial bank wanted to reclassify its clients’ financial statements into a specific risk analyst template, seeking to conduct a more accurate analysis. However, the statements were inconsistent and inaccurate and required standardization.
Solution: Recognizing the client’s time constraints, Coforge created a detailed process checklist to reduce and monitor errors and standardized the approach for financial reclassification. The company also employed its proven process assessment framework to accelerate the transition.
Results: Following the partnership with Coforge, the bank achieved a 99.5% accuracy in financial statement spreading, reduced staffing requirements by 30%, and improved regulation compliance. Because of this efficiency, the bank recorded a turn time of 12 hours for prioritized new loan applications.
How do I choose the best bookkeeping company for my business?
Choosing the best bookkeeping company for your business requires careful consideration and research. To help you in this process, we compiled a list of things you should consider:
Understand your business needs Evaluate your bottlenecks, pain points, and current limitations to determine the type of bookkeeping services you need to outsource.
Outline project scope Determine the number of monthly transactions, reporting needs, payroll needs, and accounting tech and systems to define project scope.
Set your budget Discuss with stakeholders how much you can allocate toward a bookkeeping service, considering the frequency and scope of services.
Research potential partners and ask for referrals Review agency directories like DesignRush, marketplaces, publications, and listings to find bookkeeping companies. You can also reach out to business partners and colleagues for agencies for referrals.
Check their credibility Because bookkeeping is a highly regulated industry, look into the accreditations of the bookkeepers you’re considering. An official certificate from the National Association of Certified Public Bookkeepers (NACPB) is a notable example in thar regard.
Assess their expertise Review their client reviews and testimonies, case studies, portfolio, list of awards and recognitions, services, and experience. Select agencies that are familiar with your industry and provide the tools you need.
Submit a request for proposal (RFP) Shortlist suitable agencies and send them an RFP. Across the RFPs, include a list of expected responsibilities and deliverables, project budget, how frequently you’ll need the service (daily, monthly, or quarterly), and a rough estimate of the regular workload.
Ask about security and privacy Inquire about their financial data security best practices and ensure they comply with the latest privacy and security regulations to safeguard your business’s information.
Evaluate their soft skills Observe the agency’s interactions with your team, and prioritize those that are organized, communicative, transparent, accountable, flexible, and seem like a good culture fit.
Finalize details with your chosen partner Once you’ve chosen a bookkeeping company, settle on the payment method, list of deliverables, project management and communication details, and other aspects of your collaboration.
Need help finding a bookkeeping company that aligns with your needs? Explore our Marketplace and send us a copy of your project scope. Our team will shortlist five leading agencies that meet your requirements at no cost.
How do I find the best bookkeeping services on DesignRush that fit my budget?
Using our agency's filters, you can find the best bookkeeping services on DesignRush that fit your budget. Shortlist the selection by choosing from agencies that can cater to projects from $1,000 to above $50,000 based on your budget.
To get you started, here are a few options at different price points:
Bookkeeping success metrics help businesses evaluate the state of their financial accounts, ensure accurate income and expense tracking, facilitate informed decision-making, and maintain compliance with regulatory requirements.
Below are the key success metrics in bookkeeping:
Operating cash flow Calculates an organization’s inflows and outflows, indicating whether it has enough cash flow to maintain and grow its business operations
Working capital Computes a business's on-hand cash, excluding the amount needed to maintain daily operations and pay debts and loans
Accounts payable Measures the total outstanding bills owed by the organization
Accounts receivable/payable aging Tracks the age of an account in 30-day increments to help businesses make more informed decisions pertaining to their cash flow
Accounts receivable Calculates the total amount owed to a business
Direct costs Determines the cost it takes to produce a certain good or service
Cash burn rate Identifies how quickly a business consumes its cash reserves
Operating margin Computes the income a business makes from its daily operations
Revenue growth Evaluates how much a business’s revenue has increased over a certain period
Net profit Calculates the total amount a company makes after taxes and interest
What questions should I ask bookkeeping companies before hiring one?
Before hiring a bookkeeping company, you should ask it some of the following questions to ensure it’s reliable, trustworthy, and has the necessary experience to accommodate your needs:
Its Relevant Background
How familiar are you with my industry?
Can you provide case studies of similar collaborations?
Can you refer me to a past or current client so I can ask them some questions?
What are your bookkeeping credentials?
Its Services and Processes
What is your scope of bookkeeping services?
How far back can you reconcile accounts?
Can you walk me through your internal review process?
What is your process for creating financial reports?
What bookkeeping tools and software do you use?
Do you provide accompanying accounting services? If so, how do you keep a consistent workflow between the two services?
Do you outsource any of your services?
What are your privacy and security policies?
Do you have a contingency plan for unpredictable situations?
Related to Your Project
Who will be on my team, and what are their credentials?
Will you need access to previous tax and financial records?
Are you available during my work hours?
What are your delivery timelines for my project?
What will be our communication and project management arrangement?
How do you measure and monitor performance?
Who owns my data, especially after our contract ends?
Do you allow changes in project scope, especially as my business grows?
What are the best bookkeeping companies in the US?
The best bookkeeping companies in the US are the following: