As you build a business, it is essential to put in place administrative tools that will assist you in managing daily operations, including financials. Doing so will give you the accurate information you need to make informed strategic decisions and take advantage of opportunities as they present themselves. Today, many businesses are turning towards online bookkeeping and accounting services to handle their bookkeeping needs and keep their records up to date. Many of the services available today offer a variety of options that can be customized to meet your needs both now and in the future as your business expands. Let’s dive into EcomBalance vs AccountsBalance, what they offer, and the benefits they can provide to your company.
EcomBalance vs AccountsBalance 2023 Comparison
AccountsBalance is a bookkeeping service that provides businesses with the ability to outsource the recording, categorizing, and reconciling of their financials. With AccountsBalance, businesses receive monthly financial reports, giving them a comprehensive picture of their financial health. With catch-up services, their clients don’t have to feel overwhelmed by their bookkeeping. Instead, AccountsBalance makes it easy with a dedicated team that specializes in working with SAAS, small businesses, and agencies that fit your budget.
EcomBalance is a monthly bookkeeping service that helps eCommerce businesses better manage their bookkeeping and finances. They work to understand your business, take bookkeeping off your plate, and provide helpful analysis each month so you can better understand your numbers and make smarter decisions. With their expertise in eCommerce businesses, they can offer services that are tailored to the specific issues your business faces every day.
EcomBalance vs AccountsBalance Overview
EcomBalance and AccountsBalance both offer quality bookkeeping services geared to meet the needs of small and online businesses, but EcomBalance focuses on eCommerce business exclusively. This means offering monthly bookkeeping services for growing eCommerce businesses selling on Amazon, Shopify, Walmart, Ebay, & much more. Each of them includes a variety of services to assist you in keeping your bookkeeping accurate and up to date.
| EcomBalance |
AccountsBalance
|
|
| Who’s It Best For? | eCommerce businesses |
SAAS, agencies, & service providers.
|
| Monthly Pricing | Starts at $399/mo |
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 | Not at this time. | Not at this time. |
| Tax Services | Not at this time. | Not at this time. |
| CFO Services | Not at this time. | Not at this time. |
| Dedicated Bookkeeper | Yes | Yes |
| Reviews | 5 stars | 5 stars |
| Website | Visit | Visit |
Who Should Use EcomBalance and AccountsBalance?
While both of these services offer bookkeeping geared toward small businesses, EcomBalance focuses on eCommerce businesses that connect with platforms like Amazon and Etsy. AccountsBalance is available for small businesses, online businesses, agencies, and SAAS. Each one provides bookkeeping, monthly reconciliation, and financial reports to help you understand where your business is financially. While they also provide expertise for the unique parts of your business, EcomBalance focuses on the unique aspects of eCommerce to provide quality and efficient bookkeeping.
EcomBalance vs AccountsBalance Pricing
Each platform offers a variety of pricing options based on the needs of your business, but current pricing also reflects the unique demands of your business, particular online and eCommerce.
| EcomBalance |
AccountsBalance
|
|
| Monthly Pricing | Starts at $399/mo. Based on size and complexity of business. |
Starts at $299/mo. Based on size and complexity of business.
|
| Catch Up Work | Get a pricing quote w/in 1 business day. |
Get a pricing quote w/in 1 business day.
|
| Clean Up Work | Get a pricing quote w/in 1 business day. |
Get a pricing quote w/in 1 business day.
|
| Set Up | One time fixed price |
$499 for new QBO or Xero account
|
| Invoicing | Not at this time. | Not at this time. |
| AP & AR | Not at this time. | Not at this time. |
| Tax Services | Not at this time. | Not at this time. |
| Free Trial | Yes, 1st month free. |
Yes, 1st month free.
|
| Pricing Details | EcomBalance Pricing |
EcomBalance vs AccountsBalance Features
Both of these bookkeeping services target online businesses by providing ease of use in terms of platforms and consistent on-time delivery of reports. They also offer a dedicated bookkeeper who gets to know your business, thus tailoring their services to meet your needs as your online or eCommerce business grows. With the ability to connect your bank accounts and payment platforms, both services make sure it is easy for you to give them the information needed for every transaction.
| EcomBalance |
AccountsBalance
|
|
| Dedicated Bookkeeper | Yes | Yes |
| Controller Oversight | Yes | Yes |
| Connect Bank Accounts | Yes | Yes |
| Categorize Transactions | Yes | Yes |
| Pay Bills | Not at this time. | Not at this time. |
| Invoice Customers | Not at this time. | Not at this time. |
| Account Reconciliation | Yes | Yes |
| Tax Consulting | Not at this time. | 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 a fixed cost. |
Yes, for fixed cost.
|
| Clean Up Services | Yes, for a fixed cost. |
Yes, for fixed cost.
|
| Payroll Services | Not at this time. | Not at this time. |
| International Support | Yes | Yes |
| Support | Yes, responses in 1 biz day |
Yes, responses in 1 biz day
|
EcomBalance vs AccountsBalance Software
EcomBalance and AccountsBalance are compatible with Xero and Quickbooks, but they can also connect with other software platforms to make sure all your transactions are being recorded. With EcomBalance, the focus is making sure that every payment and sale from your eCommerce business is accurately recorded and categorized to keep your financials up to date.
EcomBalance vs AccountsBalance Customer Support
With EcomBalance and AccountsBalance, you get customer support when you need it and in a format that works best for you. Both companies offer international support, phone, text, and email support. If you want to do research into your question, both bookkeeping services provide online communities and searchable databases, making it easy for you to find the information you need, when you need it.
| EcomBalance |
AccountsBalance
|
|
| Unlimited Support | Yes | Yes |
| Community Support | Yes | Yes |
| Email Support | Yes | Yes |
| Text Support | Yes | Yes |
| Live Chat Support | Not at this time. | Not at this time |
| Phone Support | Yes | Yes |
|
Searchable Knowledgebase
|
Yes |
Yes, on their blog.
|
| Online Help Resources | Yes |
Yes, on their blog.
|
| Responses Within | 1 business day | 1 business day |
Frequently Asked Questions (FAQs)
1. Which is better for online businesses?
Both offer services geared toward online businesses, but EcomBalance is the expert for eCommerce. They regularly work with businesses that sell across a variety of platforms online and can provide expert bookkeeping services to meet the needs of these businesses as they grow.
2. What should I consider when hiring a bookkeeper online?
Before hiring a bookkeeper online, it is important to know what tasks you want them to handle and what tasks you want to keep in-house. That can assist you in determining if a bookkeeping service offers the features you want and need for your business, both now and in the future. If your business is primarily online, then you want a bookkeeping service that has the expertise for your unique needs.
3. What’s different between a freelance bookkeeper and these bookkeeping companies?
A freelance bookkeeper can focus solely on your business, but they are limited by experience and the level of support they can offer. Plus, if they are ill, then your bookkeeping can fall behind. These bookkeeping companies offer a high level of support, along with a team that can keep your bookkeeping on track as they get to know your business.
4. How much does an online bookkeeping cost on average?
An online bookkeeping service can average around $200 to $300 per month, but this cost can increase as your number of transactions goes up or if you require additional services for your business. With EcomBalance offering bookkeeping services tailored for eCommerce, your pricing will vary based on the services you choose for your business.
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
EcomBalance and AccountsBalance offer a compatible level of service, but for eCommerce businesses, EcomBalance has the expertise to meet your needs. However, for small businesses, online businesses that are not selling on specific platforms, or agencies, AccountsBalance brings consistently strong processes and expert bookkeeping services to meet your needs both now and into the future. Your business needs the right tools and resources to expand and thrive. With the right online bookkeeping service, you will have a strong foundation for accurate financials that make it easy for you to strategize for your company’s future.
