Xendoo Review (Dec 2022): Why We Love It

November 1, 2022
Reviews

Xendoo is an online bookkeeping platform that helps business owners with an assortment of financial needs. They deliver full-service bookkeeping, accounting, and tax solutions for small-to-medium-sized businesses with less than 20 employees.

With a successful track record and plans starting at $295 per month, Xendoo is a great tool for taking your small business to the next level. If you need accounting and tax support but don't have the budget to justify a new hire, I can't recommend Xendoo highly enough.

What Is Xendoo?

Xendoo assigns you a team of expert bookkeepers and US-based CPAs and ensure that your documents and books are always up-to-date and tax-ready. Get one or two of Xendoo’s monthly plans that fit your business needs starting from $295 per month, regardless of what kind of industry you're in. 

With Xendoo, you can save time, energy, and money by letting real people handle the stress and increase the growth of your business. You can set up your schedule to talk to your bookkeepers and get your questions answered right away. Their digital platform also offers online bookkeeping reports and tools that let you access your profit and loss statements, balance sheets, and monthly insights whenever and wherever you need them. 

Features Of Xendoo

#1 Three Affordable Monthly Plans For Your Business

Xendoo used to have five different tiers for their monthly plans, but they decided to reduce it to 3, making it easier for you to choose. They offer a three-level monthly plan depending on your individual needs, business needs, and monthly expenses. What’s great is that if you opt to pay annually, you’ll save up to 10% per year. 

  • Essential – costs $395 per month with less than $50,000 in monthly business expenses
  • Growth – costs $695 per month with less than $75,000 in monthly business expenses
  • Scale – costs $995 per month with less than $125,000 in monthly business expenses

As seen from the screenshot above, there are a lot of great features you can receive from using Xendoo’s monthly plans. For starters, you can pay for their Essential Plan, which costs around $395 per month for businesses with $50,000 in monthly expenses. 

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This includes up to 4 bank or credit card accounts for personal and business use, a dedicated bookkeeper, free weekly bookkeeping, cash basis, and one integration to give a strategic view of your data, customers, and overall firm. This approach creates a better customer experience, thus making your business more efficient and profitable. You can still receive these perks if you upgrade to Growth and Scale Plans. The only difference is that there is much greater flexibility and additional benefits (e.g., semi-annual tax consultations and up to 12 bank accounts) to guarantee the success of your business. 

If you are unsatisfied with Xendoo, there is a Money Back Guarantee after 30 days, and you can cancel anytime.

#2 Full-Service Bookkeeping and Accounting

Xendoo has a dedicated team of bookkeepers, accountants, and CPAs willing to take the hassle out of online bookkeeping. For them, your time and effort are more valuable to be focused on your area of expertise rather than stressing out with numbers. They start their work online by recording your bank and credit transactions with Xero, Quickbooks, or other Xendoo-integrated accounts you use for your business (e.g., Amazon, Shopify, Gusto, TaxJar, Stripe). 

This is done every week, and on the 5th day of every month, you will receive your profit and loss statement, balance sheet, and revenue trend graphs, letting you know how well your business had performed in the previous month. You can access these financial reports online through their website and check your accounts via the web portal or mobile app anytime. 

#3 All-In-One Tax Preparation, Filing, and Consulting Services 

With Xendoo, your business can be tax-ready all-year long, saving you more money to spend on other company development. They offer tax preparations and solutions, sales tax filing, consultations, and tax return preparations for corporate, state, and personal purposes. 

This works by having a team of tax experts who will be your accountants, tax accountants, and tax preparers in one account. They can do your taxes and track your monthly cash flow and expenses to keep your books regulated and tax-prepared. They also inform you about upcoming tax deadlines and file all the tax documents (e.g., Form 1120, Form 1065) for your business. Overall, they are here to help you with your personal and business tax needs so you can focus more on improving your company.  

#4 Catch Up Bookkeeping for Small Businesses

The Catch Up Bookkeeping service is offered by Xendoo to record your overdue books or financial reports if you are behind for a couple of months or years. It is included in their monthly plans, which cost $295 per month – a good start for small businesses. Xendoo starts the process by assigning you a group of financial experts and lets them review your bookkeeping history to ensure the total accuracy of your finances. After the following month, they will deliver your updated financial reports, and you can access them online through their website. 

If you have questions regarding their service, you can contact your bookkeeper, who is readily available during their business hours from 8 am to 6 pm EST.

#5 Expert Bookkeeping for Franchise Businesses

Xendoo is also a provider of bookkeeping for owners who have franchise businesses. Since owning a franchise business has a lot of management, Xendoo selects a team of trusted specialists with expertise within the franchise space. They deal with your bookkeeping and accounting so you can have more time with yourself, friends, and family. As you can see from the screenshot, they also deliver detailed monthly reporting with a customized chart to display your revenue trends, total expenses, and your net income to know if your business has been profitable or not. 

As a franchise business owner, there are also perks you can take advantage of with Xendoo. You can receive discounts, group training sessions, and webinars about what it takes to be a successful business owner. Xendoo has also worked with both new franchises, but if you have special needs, you can call them immediately to get your franchise dashboards customized. 

#6 Provide Multi-Channel eCommerce and Seller Marketplace Accounting Services

You can use the services of Xendoo whether you sell merchandise on Shopify, Amazon, Etsy, or Walmart. Xendoo provides bookkeeping not only for small businesses but also for multi-channel eCommerce and online seller marketplaces. This works by having a bookkeeper who understands your business’s operation and can also give you weekly financial insights and expert advice.

There is also an option if you have international customers who use a variety of currencies. Just subscribe to one of their flexible monthly plans and tell them that you want to add multiple currency support to your finances. 

#7 Free Online Calculators and Financial eBooks

Xendoo offers free online calculators and eBooks that may help you better understand your finances and learn more about taxes. You can read the eBooks on their website and discover more about how you can set your business for financial success. As seen from the image above, there are three calculators that you can use freely such as Profit Margin Calculator, Burn Rate Calculator, and Power of 3 Calculator. These tools can help you calculate an item’s revenue, your company’s burn rate, cash profitability, and product retail to increase your business’s productivity and profitability over time.

As for the financial eBooks, you can get a copy of them by placing your email address and clicking the Download button. The topic ranges from reading a financial statement to planning a steady cash flow for your business. If you need more information, you can talk to Xendoo’s team of bookkeepers about your questions.

Pros & Cons Of Xendoo

Pros

  • No onboarding or setup fees
  • Free Xero account
  • Free trial for one month
  • An affordable monthly subscription of $295 per month for small businesses
  • Has year-round support for your personal and business taxes
  • Provides bookkeeping and tax solution services for business owners
  • Financial reports are available 24/7 from the Xendoo mobile app or desktop portal.
  • Three affordable plans you can choose for your business needs (Essential, Growth, and Scale)
  • Offers profit and loss statements, monthly balance sheets, and business trend dashboards
  • Can sync with your other business accounts to save time (e.g., Shopify, Amazon, Expensify, Xero, Stripe)
  • A Money Back Guarantee for the first monthly fee if you do not see the desired results after 30 days.
  • Has a dedicated team of accountants, tax consultants, and tax preparers to stay up-to-date on your reports and keep your books clean and organized
  • Has a group of corporate experts available to handle your company’s tax schedule and requirements, no matter if it is an S Corporation, C Corporation, Partnership, or Sole Proprietorship
  • Helpful customer support you can contact via phone call (954 687-0971), chat support, and online contact form  

Cons

  • Offers only basic bookkeeping solutions
  • Advisable for small businesses that are looking for more accounting flexibility
  • Not suitable for complex accounting issues that require a more hands-on approach from direct clients

Pricing

Xendoo previously offered five different tiers for their pricing model, but they wanted it to be simpler for you. It has now merged into just three monthly pricing plans: Essential, Growth, and Scale.

Essential GrowthScale
Monthly expenses includeCan process up to $50,000 in monthly expensesCan process up to $75,000 in monthly expensesCan process up to $125,000 in monthly expenses
Monthly Subscription$395 per month$695 per month$995 per month
Annual Fee Savings (optional)Save $480 if you pay annuallySave $840 if you pay annuallySave $1,200 if you pay annually 
Credit AccountsUp to 4 bank or credit accountsUp to 6 bank or credit accountsUp to 12 bank or credit accounts
Number of IntegrationsOne integrationTwo integrationsFour integrations
Other FeaturesWeekly bookkeepingDedicated bookkeeping teamCash basisEverything in EssentialCash or modified accrualSemi-annual tax consultEverything in GrowthCustom chart of accountsDeferred schedules

If you're still deciding if their monthly plans are not a fit for your business, Xendoo offers a 30-day free trial and money back guarantee.

Other Xendoo Pricing Plans

Tax Guidance Plus Annual Federal and State Tax Return

Annual Fee: $1,200

Xendoo also offers year-round tax guidance and filing services for $1,200 per year – which is much better than CPAs who charge you $500 for only having a phone call. With Xendoo’s CPA Tax experts, you can maximize your savings and receive a year-end financial package from income statements to your general ledger. They also file the proper tax documents for your business, such as:

  • Form 1120-S for S Corporation
  • Form 1065 for Partnership
  • Form 1040 for Schedule C
  • Form 1120 for C Corporation Returns

Catch-Up Bookkeeping Service

Monthly Fee: $295 per month

Catch-Up Bookkeeping ensures that you are up-to-date with your bookkeeping or taxes so you can worry less about your overdue books, even if they are a few months or a few years behind. The monthly subscription starts at $295 per month, and Xendoo’s team of experts will review your past books to provide total accuracy and be tax-ready in no time.

Fractional CFO

Monthly Fee: $1,500 per month

Xendoo’s Fractional CFOs deliver the strategic insights you need as a business owner to increase and accelerate the growth of your business. You can schedule your 20-minute conversation with one of their accountants and discuss your business, goals, bookkeeping, and accounting needs in exchange for expert advice and data-driven strategies.

For full details of Xendoo's pricing, you can visit their website here

In Summary

Xendoo is an online bookkeeping platform that helps business owners with an assortment of financial needs. They deliver full-service bookkeeping, accounting, and tax solutions for small-to-medium-sized businesses with less than 20 employees.

With a successful track record and plans starting at $295 per month, Xendoo is a great tool for taking your small business to the next level. If you need accounting and tax support but don't have the budget to justify a new hire, I can't recommend Xendoo highly enough.

Xendoo delivers online bookkeeping services for small to medium businesses and entrepreneurs who need real CPAs to handle the stress of bookkeeping. They offer affordable monthly bookkeeping services, tax solutions, business filings, and catch-up services if you are behind on your books. You can call one of Xendoo’s dedicated accountants and have a 20-minute conversation to discuss your business, bookkeeping, and accounting needs or maybe know more about their other financial services and tools.

No matter what industry you are in, Xendoo can run your business with accurate insights and provide timely financial reports so you can keep up with the latest trends online. They also offer services that maximize your savings so you can spend them on your monthly expenses. The only disadvantage you can get from Xendoo is that their services are more suitable for essential bookkeeping solutions. This is because complex bookkeeping and accounting problems require more direct contact than an online setup. 

Xendoo FAQs

How Much Does Xendoo Cost?

Xendoo costs between $295 to $1,500 per month, depending on the services you want for your business. They generally offer three affordable monthly plans based on the monthly expenses and the number of bank or credit accounts you need. Other services, such as tax solutions and one-on-one expert consultations, may be costly but are worth the time and money.

Is Xendoo Worth It?

Yes, Xendoo is worth it because they take out the hassle of handling finances by offering expert monthly bookkeeping, tax preparations, and filings. You can also create and track invoices on your account page and have your questions answered by your bookkeeper with a quick phone call. 

Is Xendoo Safe?

Yes, Xendoo is safe because its top priority is keeping your personal information secure and protected from fraudulent activities. They protect your data using encryption, such as the Secure Sockets Layer (SSL) protocol. 

Is Xendoo Legit? 

Yes, Xendoo is legit because they have partnered with great companies such as Xero, Gusto, Amazon, Shopify, Stripe, and Quickbooks to save you time, improve business growth, and keep your books updated.  

How Does Xendoo Bill Me For Their Services?

Xendoo prepares your monthly bill on the first day of the month, and you will be charged for the services you have used that month.

Do I Receive One Xendoo Bookkeeper Or Multiple Bookkeepers?

Xendoo assigns you one dedicated bookkeeper to your account who handles your books and gets them updated and organized. If your bookkeeper is unavailable, another bookkeeper will be able to assist you anytime.  

Can I Speak To My Bookkeeper At Night Or On Weekends?

Yes, you can speak to your bookkeeper at night or on weekends since they are available during standard business hours from 8 am to 6 pm EST. You can also contact them after those hours if you send them a notice in advance.

Do Xendoo Offer Custom Plans?

Yes, Xendoo offers custom or personalized plans since they understand that each customer’s financial situation differs from the others. You can talk to your bookkeeper and let them know your specific needs for your business.

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