My firm has a 25 or so clients for whom we create a P&L and Balance Sheet from their bank and card statements.
I wouldn't even really call it bookkeeping. Technically it is, I suppose, but my point is that it is very limited in scope.
We have been using QB desktop as we do not share access with clients because they just "mess it up" or don't want to be bothered with it.
Again - it is not a service of the traditional CPA/client relationship. It's more like an expense categorizing concierge service.
We are looking to switch to QBO for obvious technology reasons, but I'm unfamiliar with how it works for accountants and their online marketing for it is confusing because it says different things in different places.
I was wondering if we should consider doing it under EACH client name/email/account and paying for it, just in case we decide to give a client access for some reason, though this is very unlikely. If anything, we have been taking less and less of these. It looks like this is $30 per month (after a short discount period). Likely worth it.
It looks like I can pass the billing over to the client and they pay for it - or I can pay for it myself.
I guess what I'm asking is, "is this my best option for software to serve these clients? Is this how it's done?"
But do you think that I should just create one QBO account of my own with "multiple businesses" and handle them all under an email/account of my own? I'm thinking this will be a lot cheaper? Does anyone do this?