Bean Ninjas is an online bookkeeping and accounting service aimed at helping individuals and small to medium-sized businesses manage their business accounts using the Xero accounting software.
The company has been operating since 2015. Their head offices are based in Burleigh Heads Queensland, Australia, and they have bookkeepers working remotely from the US and UK as well as Australia.
About Bean Ninjas
The company is run by the founder Meryl Johnson. She is very hands-on with the day-to-day running of the business and involved in the client onboarding process.
Their target customers are any individuals and small to medium-sized businesses that are looking for a cost-effective way to outsource their bookkeeping and company financials to free up more of their own time.
Their client-base covers:
- e-commerce businesses
- digital agencies
- SaaS companies
- and a wide range of other online businesses.
When you sign up with Bean Ninjas you will have a 30-minute discovery call with Meryl, the company co-founder to discuss your business and requirements.
You will then go through their onboarding process and meet the bookkeeping manager who’ll be handling your financials.
Next, you will be set up on Xero, the cloud-based accounting software Bean Ninjas use. They can also guide you through converting from your current accounting software across to Xero.
Finally, you will be introduced to a team leader who will be available as a point of contact, and a dedicated assistant who will be working on your account.
Bean Ninjas offer Xero bookkeeping and accounting. Xero is their preferred accounting software and they have team members skilled in setting up and transferring businesses over to Xero.
Once they’ve set up you and your business on Xero it will integrate with your bank feed and anyone can log in remotely.
This means your dedicated bookkeeper at Bean Ninjas can keep your financial records up-to-date so you can have a clear and accurate picture of your bank balance, debtors, creditors, and more at a touch of a button.
The frequency in which Bean Ninjas update your accounts and generate reports depends on the plan you opt for. However, they offer training on Xero so you can run your own reports at any time and make the most of the accounting software.
Plans and Pricing
Bean Ninjas currently have 3 plans to choose from starting from $249 per month.
Their complete list of plans at the time of publishing is as follows:
- Small – $249 per month (+Xero), this plan includes a chart of accounts, Hubdoc subscription, monthly recording of transactions, quarterly reporting and BAS preparation.
- Standard – $399 per month (+Xero), this plan includes all the services in the Small plan, along with more regular reporting and receipt/expense management.
- Premium – $579 per month (+Xero), this plan includes all the services in the Standard plan, along with more regular reporting.
There is also a one-off fee of $349 for their Xero setup service. This includes 2x 30-minute training calls so you’re able to make the most of this accounting software.
Bean Ninjas Alternatives
ZipBooks have much more competitive rates and use their own in-house software. While Bench has similar pricing plans and are based in Canada.
Have you worked with Bean Ninjas before? If so, please leave a brief review below to help others with their decision.