If you find yourself in this situation, white label bookkeeping may be the answer for you. White label bookkeeping is the process of one organization outsourcing its accounting needs to another independent accounting company. This independent firm will use its own software for all the work.

Intuit QuickBooks - QuickBooks is the most well known small business accounting and bookkeeping software, and it's well-deserved. All plans make it easy to track income and expenses, send invoices, and receive payments, and as you grow, you can upgrade your plan to track inventory, track time, and run your payroll.

Bookkeeper360 Features. You can choose to use QuickBooks or Xero software. Bookkeeper360 integrates with popular platforms including Shopify and Expensify, making it a good option for businesses that sell products and services online. The service handles monthly reconciliation of bank statements.

A chart of accounts, or COA, is a list of all your company's accounts, together in one place, that is a part of your business's general ledger. It provides you with a birds eye view of every area of your business that spends or makes money.