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Paro vs AccountsBalance 2023 Comparison


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paro vs


At every level of your business, success is measured by the numbers. To make critical decisions about your opportunities and where to expand your business, you need accurate financials, which is where an online bookkeeping service comes into play. Choosing one depends on finding the right mix of services and costs to meet the needs of your business now and into the future. Comparing their offerings can help you understand where each bookkeeping service stands in terms of options and price. With Paro and AccountsBalance, we explore what they offer and whether they might be the right fit for your business.


Paro vs AccountsBalance 2023 Comparison

Paro is an accounting and bookkeeping service that provides full-charge bookkeeping, account reconciliation, financial reporting, and financial controller leadership by connecting clients with freelance CPAs and bookkeepers. With their proprietary AI-matching technology, Paro offers increased efficiency and accuracy with your monthly financial reports.

AccountsBalance is a process-driven bookkeeping service providing experts who take the time to understand your business and industry. With a dedicated team and controller-reviewed financials, you receive monthly financial reports that are accurate and trustworthy.


Paro vs AccountsBalance Overview

While both offer a mix of bookkeeping services, Paro is essentially a platform for accessing top talent in both bookkeeping and accounting. AccountsBalance has its team in-house and provides a dedicated bookkeeper with expertise in your industry.

Who’s It Best For? Businesses looking to connect with a freelance bookkeeper or accountant
SAAS, agencies, & service providers.
Monthly Pricing Based upon the contract
Starts at $299/mo
Clean Up Services Yes, pricing determined by amount of work needed.
Yes, one time cost.
Catch Up Services Yes, pricing determined by the amount of work needed.
Yes, one time cost.
Account Reconciliation Yes, monthly Yes, monthly.
AR & AP Work Yes Not at this time.
Tax Services Yes Not at this time.
CFO Services Yes Not at this time.
Dedicated Bookkeeper Yes Yes
Reviews 4 stars 5 stars
Website Visit Visit


Who Should Use Paro and AccountsBalance? 

Paro is ideal for multiple businesses because they offer the flexibility to connect with bookkeepers or accountants who know your industry and can assist in managing your financials efficiently and accurately by providing flexible, cycle-to-cycle support.

AccountsBalance is geared towards online businesses, agencies, SAAS, and small businesses that need quality and consistent bookkeeping services with regular monthly reporting. They also provide dedicated bookkeeping staff to meet the needs of your business, both now and as it grows.


Paro vs AccountsBalance Pricing

While AccountsBalance provides a flat monthly fee for bookkeeping services to meet the needs of your business, Paro uses an AI platform to match freelance bookkeepers and accountants with various businesses. Using contracts, businesses can locate the talent and expertise they need through Paro.

Monthly Pricing Depends upon the contract.
Starts at $299/mo. Based on size and complexity of business.
Catch Up Work Contract pricing
Get a pricing quote w/in 1 business day.
Clean Up Work Contract pricing
Get a pricing quote w/in 1 business day.
Set Up Contract pricing
$499 for new QBO or Xero account
Invoicing Yes Not at this time.
AP & AR Yes Not at this time.
Tax Services Yes Not at this time.
Free Trial No
Yes, 1st month free.
Pricing Details Paro Pricing


Paro vs AccountsBalance Features

AccountsBalance offers a bookkeeping service to meet the needs of your business, including categorizing transactions, monthly reconciliation, and financial reports with strict deadlines to make sure you have what you need on time every month.

Paro offers a platform that allows you to connect with top bookkeeping and accounting talent to expand your team or outsource aspects of your bookkeeping. With an AI-driven platform, Paro can match you with the right expert to fit your needs.


Dedicated Bookkeeper Yes Yes
Controller Oversight No Yes
Connect Bank Accounts Yes Yes
Categorize Transactions Yes Yes
Pay Bills No Not at this time.
Invoice Customers No Not at this time.
Account Reconciliation Yes Yes
Tax Consulting Yes Not at this time.
Tax Filing Yes Not at this time.
CFO Services Yes Not at this time.
Income Statement Yes Yes
Balance Sheet Yes Yes
Cash Flow Statement Yes Yes
Reports Delivered By According to contract 15th monthly
Catch Up Services Yes
Yes, for fixed cost.
Clean Up Services Yes
Yes, for fixed cost.
Payroll Services No Not at this time.
International Support Yes Yes
Support Yes
Yes, responses in 1 biz day


Paro vs AccountsBalance Software 

Since Paro is a platform for connecting with bookkeeping and accounting experts, it is compatible with multiple software options based on your business. AccountsBalance is compatible with Quickbooks Online and Xero for your accounting software needs.



Paro vs AccountsBalance Customer Support

Paro’s customer support is focused on helping you navigate your contract with the expert accountant or bookkeeper you found on their platform. Depending on the question, Paro will be able to provide assistance, but specific questions can only be answered by the freelance professional you work with through the platform.

AccountsBalance provides quality customer service support to assist you with all your questions in a timely manner. The goal is to address issues right away, so your business can stay on track.


Unlimited Support Yes Yes
Community Support Yes Yes
Email Support Yes Yes
Text Support No 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? 

AccountsBalance is better for online businesses, because it provides a dedicated team that gets to know your business. Paro provides a platform to hire experts, but it is on a contract basis and can result in regular turnover for your business as contracts end.


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. Additionally, with Paro, contracts can end, so there is a lack of consistency and processes for your business over time.


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. With Paro, the pricing will be based upon the contract and include additional fees for the use of the platform.


What Is AccountsBalance?


Bench vs 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

Paro is a great resource if you are looking to expand your business and add quality bookkeeping or accounting talent to your payroll. However, Paro is a resource to meet freelance bookkeepers and accountants, which can result in less than consistent results over time and greater turnover. AccountsBalance is geared toward small businesses, providing strong processes and consistent results while being budget-friendly. If you are looking for a true bookkeeping service, then AccountsBalance provides an expert service you can count on.


Want help with your bookkeeping? We make it easy. Get startedSpeak w/ a Founder, or Schedule a Callback

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Tracy Knepple

Tracy Knepple

As a writer and editor with 20+ years experience, Tracy Knepple offers practical tips and analysis on accounting, bookkeeping, small business, and many other topics. She has authored over 100 books as a professional writer for the Raymond Aaron Group. She received her Bachelor's degree in Communications from Indiana University.

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