Running a business can be challenging, especially when handling finances, bookkeeping, and taxes. Small business owners and entrepreneurs often need help to keep up with these essential tasks while growing their businesses.
However, paying attention to finances can lead to significant problems, including legal and financial consequences, loss of revenue, and missed opportunities.
Hiring an in-house team can be costly, and many small businesses need more resources.
Xendoo offers a solution for small business owners by providing affordable and reliable bookkeeping, accounting, and tax services.
They have a dedicated team of experts specializing in various industries, including franchises, professional services, and e-commerce.
Xendoo offers turnkey accounting solutions, custom dashboards, tax guidance, and 24/7 financial visibility.
Let us check out Xendoo Review in a little more detail.
Xendoo Review 2024 – What is Xendoo?
Xendoo is a company that primarily targets individuals, start-ups, and small to medium-sized organizations seeking bookkeeping and accounting services.
Their goal is to simplify the financial monitoring process in real-time for their customers. The organization is led by Lil Roberts and co-founder Steven Gelley, who have a wealth of experience in the business world.
Lil Roberts founded Xendoo after encountering shortcomings in the accounting industry. To provide a better experience than what is available from other online bookkeeping services, Xendoo utilizes technology.
They are a Platinum Partner of the accounting software Xero, which many online bookkeeping businesses use. Furthermore, they have created their proprietary software that is compatible with Xero.
Xendoo claims that its team can work more productively while providing clients with real-time data access. Xendoo can also work with Quickbooks if they prefer to use them as their ledger and are able to offer a 30% one year discount for new customers.
How Does Xendoo Work?
Sign Up:
Customers can sign up for Xendoo’s services, which include weekly bookkeeping and month-end financial reports. Once registered, customers will meet their bookkeeper and CPA team.
Create Your Account:
Customers will enter their company and owner information during the online sign-up process. After completing registration, they will be prompted to schedule an onboarding call where Xendoo will link their accounts.
Onboarding:
On the onboarding call, Xendoo will link bank/credit card accounts with view-only access and integrate payment processors like PayPal or Stripe.
Kickoff:
Xendoo sets up a kickoff call to introduce customers to their CPA and bookkeeping team.
Weekly Bookkeeping:
A dedicated bookkeeper will reconcile accounts every week.
Monthly Reporting:
After month-end, Xendoo provides customers with a profit and loss statement and balance sheet by the 5th business day of the following month. Reports can be reviewed, downloaded, or shared from Xendoo’s mobile app or desktop portal.
Although Xendoo’s bookkeeping service is a great solution for many customers, it must handle more complex accounting issues such as hedges, options, derivatives, and stock options.
What Can Xendoo Do For You?
Xendoo is a modern accounting firm that offers online bookkeeping services.
They are part of the new breed of accounting firms that have taken advantage of the power of the internet and started their online bookkeeping business. With Xendoo, you get a team of professional accountants and CPAs managing your accounting books in real time.
- Xendoo Uses Xero to Manage Your Books:
Xendoo uses Xero, a cloud-based accounting software, to manage your books. The best part is that you get a free Xero account with your Xendoo service, and Xero is a widely used platform by many online bookkeeping businesses.
Xendoo provides weekly bookkeeping services that follow the AICPA Statement and Standards for Tax Services, and the AICPA Code of Professional Conduct performs your bookkeeping.
- Professional Bookkeeping Services at an Affordable Price:
Xendoo offers professional bookkeeping services at an affordable price.
You’ll receive monthly Profit & Loss and Balance Sheet Statements, which professional accountants prepare. Some accounting firms charge thousands of dollars for the same service, but Xendoo’s competitive pricing offers great value.
- Effortless Bookkeeping via Bank and Credit Card Accounts:
With Xendoo, you can perform all your bookkeeping via your bank and credit card accounts.
Xendoo performs account reconciliations, prepares your tax returns, does your sales tax filing, provides tax consulting, and manages your weekly bookkeeping. Everything is done online, making staying on top of your finances effortlessly.
- Quality Client Support:
Lastly, with Xendoo, you can expect quality client support. Their team is available to answer any questions you may have and to provide assistance when needed. Xendoo is committed to ensuring that its clients receive top-notch services and support.
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Services Offered By Xendoo
Bookkeeping:
Xendoo is an all-in-one online bookkeeping and tax solution provider that offers expert bookkeeping services, tax consulting, and advising to businesses.
One of the key advantages of working with Xendoo is its expert bookkeeping services. The company has a team of real people dedicated to managing your business’s financials.
From reconciling your expenses each week to providing financial reports that offer clear visibility into your business’s financial health, Xendoo is here to help.
In addition to expert bookkeeping services, Xendoo provides tax consulting and advising services to help you navigate the complexities of filing state and federal tax returns.
They also offer annual tax planning services to ensure you are always up-to-date with the latest tax laws and regulations.
To help you monitor your business’s financial health, Xendoo offers a range of data-driven insights and reports. This includes monthly profit and revenue trend graphs, an interactive dashboard highlighting your top expenses, and mobile app access to your financials.
One of the most important aspects of working with Xendoo is their commitment to timely monthly statements.
You can expect to receive on-time reports for your business each month, including a monthly balance sheet and a monthly profit and loss statement. These reports are easily accessible from the Xendoo mobile app or desktop portal.
Catch up:
Do you need to catch up on its bookkeeping? Don’t worry; you’re not alone. 25% of business owners are in the same boat. Xendoo offers catch-up bookkeeping services to help you get up to date and stay compliant.
When you sign up with Xendoo, you’ll start with an onboarding call to discuss your specific needs and get on the same page.
From there, you’ll be assigned a specialized team of catch-up experts who will work with your Xendoo Bookkeeper to complete your overdue books.
Whether you’re two months or two years behind, Xendoo’s team will catch you quickly and accurately. Each month of historical bookkeeping is peer-reviewed to ensure total accuracy, so you can trust that your books will be tax-ready and up-to-date in no time.
At Xendoo, they understand that bookkeeping doesn’t come naturally to everyone and that falling behind is nothing to be ashamed of.
Their goal is to help you worry less about the past and spend more time thinking about the future of your business.
So, if you need to catch up on your books, let Xendoo help you get caught up and compliant in no time.
Tax:
Xendoo offers year-round tax services to help businesses maximize their tax savings and reduce stress.
Their team of certified public accountants (CPAs) will file accurate and on-time tax returns and provide weekly bookkeeping to help businesses make informed decisions and save on taxes.
With Xendoo, businesses can enjoy peace of mind knowing they are tax-ready all year. Their experts will help with the filing details, claim the right tax deductions, and provide year-round tax support to stay ahead of upcoming tax deadlines.
Xendoo’s hassle-free bookkeeping services track cash flow and expenses and provide monthly reports to give businesses an accurate view of their tax preparedness.
With Xendoo, businesses can save money and reduce stress by relying on their team of tax professionals, CPAs, and bookkeepers all in one place.
CFO Services:
Xendoo offers on-demand CFO services to fast-growing businesses. You can get a part-time CFO to help you build financial strategies and budgets, manage cash flow and raise capital without the in-house price tag.
Your dedicated CFO delivers the knowledge and tools you need to stay ahead of the game.
Xendoo’s CFO services are scalable, customized, and industry-specific to solve ongoing and one-time project demands with a plan that fits your business.
If you want to raise capital, Xendoo’s experienced CFOs can help by providing financial modeling, burn rate and runway analysis, pricing and cost analysis, pitch preparation, investor decks, business plans, and fundraising strategy.
Who is Xendoo For?
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eCommerce:
Xendoo is the on-demand team of eCommerce bookkeeping experts that can help manage your eCommerce business’s books, accounting, and taxes.
They specialize in bookkeeping for businesses that sell on multiple platforms, including Shopify, Amazon, Walmart, Etsy, BigCommerce, and personal websites, so you can focus on growing your business.
At the same time, they take care of your finances. Their reliable, cost-effective, and accurate eCommerce bookkeeping services provide clear visibility of your business’s financial health by digitally reconciling expenses weekly and providing financial reports.
Their online tools work with your platforms to provide up-to-date financial reports when needed. They also offer tax services for eCommerce, including tax prep, filing, and consulting, with access to a CPA all year, to save you money at tax time.
With Xendoo’s eCommerce bookkeeping services, you can stress less, save money, and grow your business.
- Franchises:
Xendoo is the perfect partner for franchises seeking expert accounting and financial services. With a dedicated team of CPAs, accountants, and bookkeepers, Xendoo will take care of managing your books, taxes, and finances so that you can focus on growing your franchise business.
As experts in franchise accounting, Xendoo works with both emerging and mature franchises across various industries, including gyms and trades specialists.
They understand that franchisees have unique accounting needs and provide custom turnkey accounting solutions to start, grow, and scale your franchise.
Xendoo’s tax CPAs also love saving their customers money by providing a franchise tax strategy that starts with monthly bookkeeping. This gives you year-round insight into your profitability to action tax-saving initiatives and investments.
Professional Services:
Xendoo offers bookkeeping and tax services tailored to professional experts and consultants in various fields, such as digital marketing, IT, real estate, consulting, and influencers.
Xendoo’s dedicated team of professional services bookkeepers, CPAs, and accountants use custom dashboards and online tools to manage your back office.
They will digitally reconcile your expenses each week and deliver financial reports with insights into the financial health of your business.
Your monthly profit and revenue trend graphs and statements, including balance sheets and profit-and-loss statements, can be accessed from their mobile app or desktop portal.
Xendoo understands the specific accounting needs of professional services businesses of all sizes, from consultants to law firms, and can provide expert advice and insights to boost your business’s growth.
Say goodbye to DIY accounting or relying on friends and family for bookkeeping, and let Xendoo take care of your financials so that you can focus on your next big challenge.
Small Business Bookkeeping:
Xendoo’s expert team of bookkeepers will manage your books, giving you more time to focus on your business.
Starting with Xendoo is a breeze. Their software integrates seamlessly with QuickBooks Online or Xero, making setup quick and easy. An Onboarding Specialist will guide you through the process and help you connect your accounts for view-only access.
Once you’re set-up, Xendoo takes care of everything. Their team reconciles your books weekly, ensuring you stay compliant and tax-ready. With Xendoo’s in-house team based in the US, you can rest assured that help is always available.
Xendoo’s clear and consistent communication means you’ll always be up-to-date. Monthly financial reports are delivered to your customer portal, giving you 24/7 access to your financial information. With Xendoo, complete financial visibility is just a few clicks away.
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Xendoo Pricing & How To Buy Guide
Step – 1: Go to the official website of Xendoo and click ‘Pricing’.
Step – 2: Click on ‘Get Started’ below the plan of your choice.
Step- 3: Fill up the details asked for, check the box, and click on ‘Create Account’.
Step – 4: Fill up the details asked for.
Step – 5: Scroll down, again fill up the details asked for, and click on ‘Save & Next’.
Step – 6: Click on ‘Select’ below the plan of your choice.
Step – 7: Fill up the payment details, check the box, and click on ‘Save & Next’.
That is it. You are good to go.
Xendoo on Social Media :
Managing bookkeeping can be daunting, especially for small business owners who often juggle multiple responsibilities.
Here are five common bookkeeping challenges faced by business owners! #bookkeeping #businesstips pic.twitter.com/ZCOeLmWzfS— Xendoo Online Bookkeeping, Accounting & Tax (@Xendoo_) March 9, 2023
Conclusion – Xendoo Review 2024
Xendoo’s easy-to-use platform and accessible support team make it an excellent option for small businesses that want to focus on growing their business while leaving the financial tasks to the experts.
With Xendoo, business owners can stay compliant and tax-ready and make informed strategic decisions with timely financial statements and reports.
