Botkeeper or AcountsBalance? each service can offer your business. Long-term growth involves having the right skills and resources in place to meet the needs of your company as it expands. With that in mind, let’s dive into what two online bookkeeping services can offer your company, along with their strengths.
Botkeeper vs AccountsBalance 2023 Comparison
AccountsBalance is an online bookkeeping service geared towards agencies, online businesses, and SAAS, providing expert support with quality, accuracy, and efficient processes. Botkeeper is a bookkeeping service meant to increase the capacity for accounting firms with a focus on reducing data entry for accountants. Both offer businesses options to meet their bookkeeping needs and keep accurate financial records.
Botkeeper vs AccountsBalance Overview
Below is a comparison of both bookkeeping services, Botkeeper and AccountsBalance, providing an overview of what each one offers to their clients, a review of the costs associated with these services, and the type of services being offered.
| Botkeeper |
AccountsBalance
|
|
| Who’s It Best For? | Accounting Firms |
SAAS, agencies, & service providers.
|
| Monthly Pricing | Starting at $199 per entity |
Starts at $299/mo
|
| Clean Up Services | Yes, one time cost. |
Yes, one time cost.
|
| Catch Up Services | Yes, one time cost. |
Yes, one time cost.
|
| Account Reconciliation | Yes, monthly. | Yes, monthly. |
| AR & AP Work | Yes, monthly. | Not at this time. |
| Tax Services | Preparation, charged monthly. | Not at this time. |
| CFO Services | Not at this time. | Not at this time. |
| Dedicated Bookkeeper | Yes | Yes |
| Reviews | 4.4 Stars | 5 stars |
| Website | Visit | Visit |
Who Should Use Botkeeper and AccountsBalance?
Botkeeper is primarily targeted at accounting firms that want to expand their clientele but do not have the resources available to manage the bookkeeping and other repetitive tasks on a monthly basis. They can work with clients on behalf of the accounting firm or work behind the scenes while the accounting firm discusses the financials with their clients.
AccountsBalance targets small businesses, online businesses, SAAS, and agencies, providing online bookkeeping services with strong and efficient processes to make sure their financials are accurate and timely each month.
Botkeeper vs AccountsBalance Pricing
Botkeeper’s pricing is based on a per-entity basis, and their services are available for weekly and monthly pricing based upon a basic or advanced plan. AccountsBalance provides monthly pricing based on the needs of your company and its overall complexity.
| Botkeeper |
AccountsBalance
|
|
| Monthly Pricing | Starts at $199 per entity, offers a basic and advanced plan on a weekly or monthly basis |
Starts at $299/mo. Based on size and complexity of business.
|
| Catch Up Work | Based upon ongoing services package. |
Get a pricing quote w/in 1 business day.
|
| Clean Up Work | Based upon ongoing services package. |
Get a pricing quote w/in 1 business day.
|
| Set Up | Pricing based upon number of entities |
$499 for new QBO or Xero account
|
| Invoicing | Yes | Not at this time. |
| AP & AR | Yes | Not at this time. |
| Tax Services | Preparation only | Not at this time. |
| Free Trial | Yes |
Yes, 1st month free.
|
| Pricing Details | Botkeeper Pricing |
Botkeeper vs AccountsBalance Features
Botkeeper provides many of the features of an accounting firm but also utilizes AI technology to automate data entry, categorizing of transactions, and more. AccountsBalance includes bookkeeping features and focuses on providing you a dedicated bookkeeper who knows your business and is available to answer questions or address issues.
| Botkeeper |
AccountsBalance
|
|
| Dedicated Bookkeeper | Yes | Yes |
| Controller Oversight | Yes | Yes |
| Connect Bank Accounts | Yes | Yes |
| Categorize Transactions | Yes | Yes |
| Pay Bills | Yes | Not at this time. |
| Invoice Customers | Yes | Not at this time. |
| Account Reconciliation | Yes | Yes |
| Tax Consulting | Yes | Not at this time. |
| Tax Filing | Not at this time. | Not at this time. |
| CFO Services | Not at this time. | Not at this time. |
| Income Statement | Yes | Yes |
| Balance Sheet | Yes | Yes |
| Cash Flow Statement | Yes | Yes |
| Reports Delivered By | 15th monthly | 15th monthly |
| Catch Up Services | Yes, for fixed cost. |
Yes, for fixed cost.
|
| Clean Up Services | Yes, for fixed cost. |
Yes, for fixed cost.
|
| Payroll Services | Yes | Not at this time. |
| International Support | No | Yes |
| Support | Yes, responses in 1 biz day |
Yes, responses in 1 biz day
|
Botkeeper vs AccountsBalance Software
Botkeeper is compatible with the most popular accounting software available, including Quickbooks. It can also be integrated with your bank accounts to create a seamless transition of your transactions. AccountsBalance is compatible with Quickbooks Online and Xero while providing the connectivity that clients want to transfer receipts and other financial details.
Botkeeper vs AccountsBalance Customer Support
Botkeeper is a US-based company and does not provide any international support, although it does offer standard support through phone, text, email, and blog content. AccountsBalance provides quality support for their clients, regardless of their location, making it easy for you to get questions answered promptly.
| Botkeeper |
AccountsBalance
|
|
| Unlimited Support | Yes | Yes |
| Community Support | No | Yes |
| Email Support | Yes | Yes |
| Text Support | Yes | Yes |
| Live Chat Support | No | Not at this time |
| Phone Support | Yes | Yes |
|
Searchable Knowledgebase
|
Yes, on their blog. |
Yes, on their blog.
|
| Online Help Resources | Yes, on their blog. |
Yes, on their blog.
|
| Responses Within | 1 business day | 1 business day |
Frequently Asked Questions (FAQs)
1. Which is better for online businesses?
For online businesses looking for quality bookkeeping services, AccountsBalance is the best resource. They provide bookkeeping services geared toward online businesses, while Botkeeper is meant to provide another layer of support for accounting firms looking to scale up.
2. What should I consider when hiring a bookkeeper online?
First, list the needs of your business, including what tasks you wish to have your bookkeeper perform. Second, does the bookkeeper have the ability to grow with your business? Finally, you should look for a bookkeeper that is familiar with your industry.
3. What’s different between a freelance bookkeeper and these bookkeeping companies?
Bookkeeping companies provide a team that can execute a variety of services, along with having specialization in multiple industries, thus allowing them to grow with your company. Freelance bookkeepers can offer personalized services, but they are limited in what they can offer to a business, especially as it expands.
4. How much does an online bookkeeping cost on average?
Online bookkeeping can average around $300 a month, but this cost can vary depending on the services and options your business uses and how many transactions you have per month. For Botkeeper customers, the costs will be based upon the number of entities and the level of service chosen.
What Is AccountsBalance?
AccountsBalance is a monthly bookkeeping service specialized for agencies & SAAS companies.
We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month.
You’ll have your Profit and Loss Statement, Balance Sheet, and Cash Flow Statement ready for analysis each month so you and your business partners can make better business decisions.
Interested in learning more? Schedule a call with our CEO, Nathan Hirsch.
And here’s some free resources:
In Summary
Owning a business provides you with a level of financial freedom, but it also requires a great deal of administrative and financial work. By opting to hire a bookkeeping service, your business has the skills and experience available to address your financial organization. Botkeeper and AccountsBalance both offer bookkeeping services, but Botkeeper specializes in partnering with accounting firms to provide additional bookkeeping services that they can then offer to their clients as a value-add. AccountsBalance is geared toward online businesses, small businesses, and agencies, providing the latest processes to guarantee your financials are accurate, so you can make the best decisions for your company. To determine the right fit for your business, it is important to determine your needs and which bookkeeping service meets most of them through a comparison of critical offerings.
