As you build a business, it is essential to put in place administrative tools that will assist you in managing daily operations, including financials. Without the right bookkeeping tools in place, you might not have the right information available to take advantage of strategic opportunities. Today, many businesses are turning towards online bookkeeping and accounting services to handle their bookkeeping needs, thus freeing up critical capital to focus on expanding their companies. Many of the bookkeeping services available today offer a variety of options that can be customized to meet your needs both now and in the future. Let’s dive into Pilot vs AccountsBalance, what they offer, and the benefits they can provide to your company.
Pilot vs AccountsBalance 2023 Comparison
Pilot works with a team of 350+ US-based employees dedicated to building a strong financial foundation for your business. They also work with thousands of startups, ranging from two founders to larger teams. Pilot also offers services geared towards startups, eCommerce, and professional services, by providing bookkeeping, tax prep, CFO support, and more. The focus of Pilot is deep integrations with tools you already use in a seamless platform.
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.
Pilot vs AccountsBalance Overview
Both bookkeeping services provide quality options for small businesses, particularly startups and online businesses. These include services that can help you get your bookkeeping in order, even if you have fallen behind. Pilot also offers services that are flexible to grow with your business overtime.
| Pilot |
AccountsBalance
|
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| Who’s It Best For? | Startups, eCommerce, and Professional Services |
SAAS, agencies, & service providers.
|
| Monthly Pricing | Starts at $499 for pre-revenue companies, with custom pricing for revenue-generating companies |
Starts at $299/mo
|
| Clean Up Services |
Yes, one time cost.
|
|
| Catch Up Services |
Yes, one time cost.
|
|
| Account Reconciliation | Yes, monthly. | |
| AR & AP Work | Not at this time. | |
| Tax Services | Not at this time. | |
| CFO Services | Not at this time. | |
| Dedicated Bookkeeper | Yes | |
| Reviews | 4.8 stars | 5 stars |
| Website | Visit | Visit |
Who Should Use Pilot and AccountsBalance?
Pilot specializes in working with high-growth technology startups, eCommerce providers, professional services, non-profits, and more. AccountsBalance specializes in working with online businesses, SAAS, small businesses, and agencies.
Pilot vs AccountsBalance Pricing
While AccountsBalance has a monthly pricing based upon the plan you choose for your business, Pilot offers custom pricing based upon the needs of your business, allowing them to create a plan that fits your needs now and that can be adjusted as your needs change in the future.
| Pilot |
AccountsBalance
|
|
| Monthly Pricing | Starts at $499/month; custom pricing based on annual subscription model |
Starts at $299/mo. Based on size and complexity of business.
|
| Catch Up Work | Get a pricing quote |
Get a pricing quote w/in 1 business day.
|
| Clean Up Work | Get a pricing quote |
Get a pricing quote w/in 1 business day.
|
| Set Up | Equal to one month of bookkeeping |
$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 | Pilot Pricing |
Pilot vs AccountsBalance Features
Pilot aims for accuracy and transperancy in how their service operates. They offer invoicing, payroll, bill pay, and many of the features associated with a traditional accounting department, allowing you to outsource these tasks and stay within your budget. AccountsBalance offers quality bookkeeping services for small businesses, regardless of their industries. They have strong processes in place to get your financials on track and keep them up to date.
| Pilot |
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 | 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 | 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 | Yes | Not at this time. |
| International Support | Yes | Yes |
| Support | Yes, responses in 1 biz day |
Yes, responses in 1 biz day
|
Pilot vs AccountsBalance Software
Pilot uses Quickbooks, but can also integrate a variety of applications to accommodate eCommerce and startups. AccountsBAlance is compatible with Quickbooks Online and Xero.
Pilot vs AccountsBalance Customer Support
Pilot offers customer support that meets all your needs and even provides international support for your US-based business. AccountsBalance also offers a wide range of support options, giving you the ability to get your issues addressed promptly.
| Pilot |
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
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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?
Pilot is the better choice for eCommerce businesses and technology startups. AccountsBalance provides strong processes and a solid platform to provide bookkeeping for online businesses.
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.
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 Pilot offering additional accounting services, your pricing will vary based on the services you choose for your business, since the pricing model is customized to the services and options your business needs.
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
Pilot specializes in technology startups, eCommerce, and various industries, offering the benefits of a full accounting department without the costs of hiring and maintaining that department. Additionally, they provide options that allow you to grow your plan to meet your current and future needs. AccountsBalance gives you the best bookkeeping options, focusing on making sure your transactions and financial reports are accurate and up to date. Both of these platforms give you the benefit of online business expertise, but to expand into accounting and CFO offerings, Pilot is likely to be the best fit. AccountsBalance offers the benefits of quality financial data for your business at a pricepoint that is more affordable for small businesses.
