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Bookkeeping

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4 Best New York Bookkeeping Services

Ashwani Shoda
By Ashwani Shoda
Published on 20 Nov 2024 7 min read
4 Best New York Bookkeeping Services

In the bustling heart of New York City, where dreams are made, every entrepreneur is hustling to prove their mettle. And that includes keeping their finances in green.

However, without the proper guidance and expertise of a bookkeeper, keeping your finances in check can be as challenging as navigating the subway during rush hour. 

Whether you’re a thriving entrepreneur, a small business owner, or simply someone looking to manage personal finances better, having the right partner like doola Bookkeeping by your side is the secret sauce for success. 

But with so many options out there, how do you find the perfect fit? Fear not! We’ve sifted through the city’s finest to bring you “The 4 Best New York Bookkeeping Services” that stand out from the crowd. 

From tailored solutions to tech-savvy systems and top-notch customer support, these services are designed to help you focus on what really matters — growing your empire while they tackle those numbers. 

Get ready to take control of your financial future; let’s dive into our curated list of NYC’s elite bookkeeping champions!

Who Offers the Best Bookkeeping Services in New York?

Who Offers the Best Bookkeeping Services in New York?

With New York’s complex and ever-changing tax laws, businesses need trained professionals who understand accounting principles, tax regulations, and software programs. 

So, instead of spending hours trying to balance your books or sorting through piles of receipts, you can focus on running your business while leaving the tedious task of bookkeeping to experts. 

A professional bookkeeper stays updated on all regulatory changes and ensures timely filing of tax returns and payments.

Missing deadlines or making mistakes on returns could lead to penalties or legal consequences that can significantly impact your bottom line. 

Partnering with the right bookkeeping service also brings an added layer of security to your financial records. They keep organized digital copies of invoices, receipts, bank statements, etc.

Moreover, you no longer need to invest in expensive accounting software or tools, there are no payroll-related expenses such as employee benefits, and you only pay for the hours worked by virtual professionals — this provides flexibility while ensuring efficient use of financial resources.

4 Best Bookkeeping Services in New York

Finding the right bookkeeping service for your business can be a daunting task in a bustling city like New York. 

That’s why we have compiled a list of the top four bookkeeping services in New York to make your search easier. 

From pricing and offerings to standout features, this detailed content section will help you make an informed decision.

1. doola Bookkeeping

doola’s comprehensive bookkeeping services pride itself on its personalized approach to managing finances for small businesses and startups. 

By ​​automating tedious tasks like categorizing expenses, reconciling accounts, and preparing your books for tax season, we help you save hours of manual work and avoid costly mistakes. 

You don’t need to be tech-savvy either since our intuitive bookkeeping software is designed for entrepreneurs with limited time, resources, and patience.

Our team of experts offers a range of services, including general record-keeping, budgeting, financial analysis, tax preparation and planning, cash flow management, and more.

They understand that every business has its unique needs, and they tailor their services to meet those specific requirements. 

With a team of experienced and qualified professionals, doola Bookkeeping ensures accuracy, efficiency, and confidentiality in all their work.

 Offerings:

✔️Income and Expense Tracking

✔️Business Metrics

✔️Auto-Tagging Transactions

✔️Dedicated Bookkeeping

✔️Self-Serve Invoice Creation

✔️Financial Statements

✔️Tax Filings

✔️Catch-up Bookkeeping

Standout Features:

  • Integrates all your financial accounts in one place for easy reconciliation.
  • A user-friendly bookkeeping software designed with accessibility in mind.
  • Real-time assistance from a team of dedicated bookkeepers.
  • Monthly and year-end financial statements.
  • Support for tax prep, filing, and year-round tax management.

Why It’s The Top Choice:

✅ Transparent, flat-rate pricing ensures you know exactly what you’re paying for.

✅ Integrate multiple bank accounts and automatically import all transactions into the system, eliminating the need for manual data entry. 

✅ In one platform, you can track your income and expenses, create invoices, manage accounts payable and receivable, and reconcile bank transactions.

✅ You can categorize expenses based on projects or clients, set up recurring invoices, and collect payments via Stripe Integration. 

Pricing:

doola Bookkeeping prices start at $25/month ($300/annually)​​, and you can also avail of additional bookkeeping and tax filing services in higher plans.

2. Profit Line

As the old saying goes, “Time is money.” And that’s exactly where Profit Line Bookkeeping Service comes in for New York businesses. 

With their efficient and accurate bookkeeping services, they help companies save time and increase their profits.

Their team of experienced professionals is well-versed in all aspects of bookkeeping, from accounts payable and receivable to payroll management and financial reporting.

They tailor their services according to those specific needs. This ensures that businesses receive only the necessary support without any unnecessary expenses.

This enables them to provide accurate financial records while also ensuring compliance with all legal requirements. 

Offerings:

✔️New York Bookkeeping

✔️Receivables and Payables

✔️Financial Reporting

✔️HR Support

✔️Compliance

✔️Workflow Optimization

Standout Features:

  • Manage all your monthly bookkeeping tasks at a low, fixed rate.
  • Smooth Integration with existing systems.
  • An online bookkeeping solution for real-time access.

Pricing:

Profit Line does not have an online, transparent pricing structure, which means it often charges its clients according to their workload and requirements.

3. Manhattan Bookkeepers, Inc.

When it comes to managing the financial aspect of your business in New York City, Manhattan Bookkeepers, Inc. is another you can trust. 

With years of experience and a team of highly skilled professionals, they offer top-notch bookkeeping services specifically tailored for businesses operating in the hustle and bustle of NYC.

They provide their clients with accurate and efficient bookkeeping solutions that help them make informed financial decisions and stay ahead of their competition.

They offer a range of bookkeeping services that cater to each client’s specific needs. Whether you are a small business owner or a large corporation, their team has the expertise to handle all your financial records with precision.

Offerings:

✔️Chart of Accounts with Maintenance

✔️Year-to-Date Transaction Entry

✔️Aggressive Accounts Receivable / Accounts Payable

✔️General Ledger Entries

✔️Adjusting Entries

✔️Error Correction, Including the Bank Reconciliation

✔️Project Income and Expense Tracking

✔️Credit Card Reconciliation

✔️Financial Statements

Pricing:

While their bookkeepers typically charge by the hour, with rates ranging from $25–$100 per hour, Manhattan Bookkeepers, Inc. offers a variety of pricing options, including:

  • New Client Onboarding: $497
  • Cybersecurity for Bookkeepers: $97 

Other pricing models include:

  • Monthly Retainer: A set number of hours or services for a monthly fee, which can range from $200–$2,500 per month.
  • Flat Fee: A fee for specific tasks like tax preparation or financial report generation.

4. Bench Accounting

Bench is an innovative bookkeeping service that offers customized solutions for small businesses in New York. These solutions help businesses manage their books and focus on growing.

From categorizing expenses to reconciling accounts, they ensure that every transaction is accurately recorded and organized.

The cloud-based software allows business owners to access their financial information anytime, anywhere. 

You will also have a dedicated team of professional bookkeepers who will handle all aspects of your financial records. 

This makes it convenient for busy entrepreneurs who are always on the go or have limited time and resources to allocate to bookkeeping.

No more tedious paperwork or clunky spreadsheets – with Bench Accounting, everything is organized and easily accessible online.

Offerings:

✔️Monthly Bookkeeping

✔️Catch Up Bookkeeping

✔️Income Tax Filing and Advisory

✔️Tax Resolution

Standout Features:

  • A dedicated bookkeeping team for one-on-one expert support.
  • Real-time reporting, financial statements, and expense overviews to keep you in control.
  • A year-end package with expert tax prep, filing, and year-round tax advisory support.

Pricing:

Bench’s monthly bookkeeping starts at $349/month to cover your basic financial reporting needs.

However, you can also avail of their full-service bookkeeping with income tax advisory and filing priced at $699/month.

What Should You Consider When Choosing a Bookkeeping Service in New York?

What Should You Consider When Choosing a Bookkeeping Service in New York?

The right bookkeeping service can save you time and money while ensuring the accuracy of your financial records.

So, when it comes to choosing a bookkeeping service in New York, several important factors should be considered. 

1. Experience

It’s essential to choose a company with expertise in handling New York’s unique financial landscape.

Look for a provider that has been operating for at least a few years and has experience working with businesses similar to yours.

2. Reputation

Take the time to research reviews and testimonials from past clients to get an idea of their reputation.

Ask for referrals from other businesses in your industry who have used their services.

3. Pricing

While cost should not be the only factor driving your decision, it is still an important consideration when choosing a bookkeeping service in New York. 

Check pricing structures before committing to any specific company so that you know precisely what services are included in each package and if there are any hidden fees.

4. Services Offered

Different companies may offer different services, so it’s essential to determine which ones are most important for your business needs before making a decision. 

Some essential bookkeeping services include tracking expenses, processing payroll, creating financial reports, and managing accounts receivable/payable.

5. Support

Ensure that the service you choose is responsive and communicates clearly and efficiently. This will ensure that any issues or concerns are promptly addressed, minimizing disruptions to your business operations.

Don’t be afraid to ask questions and do your research before selecting a bookkeeping service — after all, they will have access to your company’s sensitive financial information.

Ready to Streamline Your Bookkeeping? Get Started With doola Bookkeeping Today!

When to Choose doola

If you find yourself buried in piles of receipts and paperwork, look no further than doola’s Bookkeeping Services — the best choice for bookkeeping services in New York!

Our team understands the importance of accurate and timely bookkeeping. So, we take care of all your financial needs so that you can focus on growing your business.

Not only does it help you stay organized and in control, but it also provides valuable insights into your business’s financial health. 

We have a team of experienced bookkeepers who are attentive to detail and ensure that every transaction is accurately recorded and categorized.

Whether you are a small business or a large corporation, our services can be customized to fit your requirements.

By outsourcing your bookkeeping to us, you save precious time that can be spent on other important aspects of running your business.

We also take over your administrative tasks, from recording transactions to reconciling accounts, preparing and filing tax returns, and producing accurate financial reports.

Book a demo to get started with doola Bookkeeping today! 

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4 Best New York Bookkeeping Services