Overview
BooksTime, Inc. provides outsourced bookkeeping to small businesses and nonprofits from offices in Malden, Massachusetts, and Toronto[9]. It states that it is not a CPA firm and does not provide assurance services; tax help is provided through a referred CPA[9].
Its Essentials plan costs US$320 a month on monthly billing or US$295 a month on annual billing, priced on total monthly expenditure, and is described as full-service bookkeeping for a typical small business or nonprofit[9]. The Complete plan, at custom prices, covers more complex needs such as revenue recognition and full-service accounts payable and receivable[9]. Special projects such as setup, clean-up, catch-up and investor reports are quoted individually, and consulting CFO work costs US$300 an hour[9]. Clients get unlimited access to a dedicated bookkeeper with 10–30 years of experience and back-up bookkeepers, a guarantee that mistakes are corrected at no charge, no cancellation fees and no lock-in contract[9]. BooksTime does not file taxes itself, and the plan-by-plan feature comparison could not be read in the page text.
BooksTime features
- Dedicated experienced bookkeeper
- Accuracy guarantee
- No lock-in contract
- Hourly consulting CFO
- Multi-entity pricing
BooksTime pricing
Essentials US$320/month (US$295 annual); Complete custom; special projects quoted; consulting CFO US$300/hour.
BooksTime strengths and limitations
Strengths
- Low published entry price
- No cancellation fees
- Experienced bookkeepers
- Serves nonprofits
Limitations
- No in-house tax filing
- Complex work requires custom plan
- Not a CPA firm
- Feature split by plan unclear
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