Merritt Bookkeeping Alternatives & Competitors

Merritt Bookkeeping is a virtual bookkeeping service that provides small businesses with accurate financial record-keeping solutions.

It comes with some serious limitations you need to know about. First, Merritt Bookkeeping offers limited customization options beyond the chart of accounts and a few financial reports, limiting adaptability to specific business needs.

Second, Merritt uses cash basis accounting due to limited access to bank statements, which prevents tracking of accounts payable, accounts receivable, and inventory

I’ll provide you with 7 alternatives to Merritt Bookkeeping that offer more extensive services, including customizable features.

1. QuickBooks Live

Best suited for: small to medium US businesses looking for support with their bookkeeping.

Pricing: $200/mo

QuickBooks Live is an online bookkeeping service that connects small businesses with trusted, QuickBooks-certified virtual bookkeepers.

It’s a great option for businesses who want to save time and money on bookkeeping or don’t have the expertise to do it themselves.

Features

• Dedicated bookkeeper
• Tax-ready books
• Tailored financial reports
• Past transactions cleanup
• User portal

QuickBooks Live Vs Merritt Bookkeeping

Criteria	QuickBooks Live	Merritt Bookkeeping
Best For	SMBs and solopreneurs	Small businesses and entrepreneurs
Standout Feature	Expert CPA video call	Dedicated bookkeeping
Pricing	$200/mo	$190/mo

Conclusion

Companies use QuickBooks Live for cleanup and setup, which includes reviewing a company’s chart of accounts, categorizing transactions, reconciling accounts, and ensuring that everything is set up correctly in QuickBooks.

Schedule your free QuickBooks Live consultation!

Free QuickBooks live consultation

2. 1-800Accountant

Best suited for: startups, businesses in a growth phase, and enterprises

Pricing: $139/mo – $399/mo

1-800Accountant is a virtual accounting service that provides online accounting and tax solutions for small businesses and self-employed individuals.

Features

• Tax preparation & advisory
• Entity formation
• Bookkeeping
• Tax audit defense
• Payroll processing
• Tax filing & compliance
• EIN acquisition
• Financial reporting
• Year-round tax support

1-800Accountant Vs Merritt Bookkeeping

Criteria	1-800Accountant	Merritt Bookkeeping
Best For	Startups and SMBs	Small businesses and entrepreneurs
Standout Feature	Entity formation	Dedicated bookkeeping
Pricing	$139/mo – $399/mo	$190/mo

Conclusion

1-800Accountant is popular for its comprehensive suite of financial services for small businesses like payroll processing and tax filing, delivered by a network of experienced professionals.

Schedule your free call today!

Schedule a call with 1-800Accountant

3. Bookkeeper360

Best suited for: small to medium-sized businesses and startups

Pricing: $125/hr to $549/mo

Bookkeeper360 helps businesses manage their finances more effectively, providing services that encompass full-service accounting, payroll, tax, and advisory.

Features

• Accounts payable & accounts receivable management
• Tax planning
• Financial forecasts
• Bank reconciliation
• CFO services
• Payroll & tax management
• Financial reporting
• Payroll analytics

Bookkeeper360 Live Vs Merritt Bookkeeping

Criteria	Bookkeeper360	Merritt Bookkeeping
Best For	Small and midsized businesses	Small businesses and entrepreneurs
Standout Feature	CFO advisory	Dedicated bookkeeping
Pricing	$125/hr to $549/mo	$190/mo

Conclusion

I’d say businesses use Bookkeeper360 primarily because it offers expert human support which makes financial management more efficient.

Schedule a call with Bookkeeper360

Schedule a call with Bookkeeper360

4. Bench

Best Suited For: small businesses, contractors, and sole proprietors

Pricing: $249/mo – $349/mo

Bench Accounting provides online bookkeeping and financial services primarily for small business owners. They offer a combination of proprietary software and in-house bookkeepers to automate bookkeeping processes and deliver accurate financials.

Features

• Dedicated bookkeeping experts
• Year-end financial package
• Profit & loss, balance sheet & 1099 reporting
• Bank account & credit card synchronization
• Annual income tax filing
• Expense management
• Tax filing preparation

Bench Vs Merritt Bookkeeping

Criteria	Bench	Merritt Bookkeeping
Best For	Small to mid-sized enterprises	Small businesses and entrepreneurs
Standout Feature	Catchup bookkeeping	Dedicated bookkeeping
Pricing	$249/mo – $349/mo	$190/mo

Conclusion

Small businesses choose Bench Accounting for its efficient blend of technology and expert bookkeeping, simplifying financial tasks and freeing up time for growth.

5. Pilot

Best suited for: startups and professional service firms

Pricing: Starts at $499/mo

Pilot offers bookkeeping, tax filing, R&D tax credit claiming, and CFO services. They boast a team of experienced accountants, fractional CFOs, and tax specialists.

Features

• Bookkeeping services
• Expense tracking
• Balance sheet & statement of cash flow reports
• Stock options & equity plan management
• Strategic financial planning
• Financial reporting
• Tax preparation

Pilot Vs Merritt Bookkeeping

Criteria	Pilot	Merritt Bookkeeping
Best For	Startups and professional service firms	Small businesses and entrepreneurs
Standout Feature	Stock options and equity	Dedicated bookkeeping
Pricing	Starts at $499/mo	$190/mo

Conclusion

I like how Pilot focuses on personalized onboarding. They take the time to really understand your specific bookkeeping needs right from the start, which helps ensure everything is accurate and tailored just for your business.

6. Xendoo

Best suited for: eCommerce businesses and franchises

Pricing: $395/mo – $995/mo

Xendoo is a fintech company that offers bookkeeping and tax services.

Features

• Bookkeeping
• Accounting
• Monthly profit & loss statement
• Document management
• Inventory tracking capabilities
• Support for multiple currencies
• Semi-annual tax consult
• Extensive eCommerce integrations

Xendoo Vs Merritt Bookkeeping

Criteria	Xendoo	Merritt Bookkeeping
Best For	eCommerce businesses and franchises	Small businesses and entrepreneurs
Standout Feature	Extensive eCommerce integrations	Dedicated bookkeeping
Pricing	$395/mo – $995/mo	$190/mo

Conclusion

eCommerce brands like Xendoo for its integrations with popular platforms like Shopify, Gusto, Stripe, and QuickBooks. Plus, its bookkeeping and accounting services provide further convenience, ensuring accurate financial records.

7. LessAccounting

Best suited for: freelancers and sole proprietors

Pricing: $24/mo – $350/mo

LessAccounting provides businesses with the tools to manage expenses, categorize them, send invoices (one-off or recurring), and receive payments.

Features

• Full cycle bookkeeping
• Bank & credit card reconciliations
• Invoice management
• Monthly financial statements
• Year-end financial package

LessAccounting Vs Merritt Bookkeeping

Criteria	LessAccounting	Merritt Bookkeeping
Best For	Freelancers and sole proprietors	Small businesses and entrepreneurs
Standout Feature	Invoice management	Dedicated bookkeeping
Pricing	$24/mo – $350/mo	$190/mo

Conclusion

LessAccounting understands the needs of freelancers, contractors, and small businesses. Their pricing is affordable, and their platform is built for users who don’t require the heavy-duty accounting features.

Which Merritt Bookkeeping alternative should I use?

QuickBooks Live is a solution for small to medium-sized businesses in the US seeking assistance with their bookkeeping needs. Additionally, it offers tax-ready books and customized financial reports.

Meanwhile, for startups and businesses in a growth phase needing assistance with entity formation, payroll processing, tax filing, and compliance, 1-800Accountant is worth trying.

A quick recap of Merritt Bookkeeping alternatives:

1. QuickBooks Live 
2. 1-800Accountant 
3. Bookkeeper360 
4. Bench 
5. Pilot 
6. Xendoo 
7. LessAccounting