Bookkeeping Pricing Plans & Packages

Or you may want to go with a large firm that takes on a high volume of clients for a lower rate. You’ll also have to consider the cost of benefits if you hire a full-time employee to do your bookkeeping. That can mean tens of thousands of dollars in insurance, paid time off, and other employee benefits you’ll have to pay for. You can also book a call with your bookkeeper (or send them a message) whenever you’d like. There’s no extra fee or hourly charges for support—we’re always happy to nerd out about bookkeeping and your financial statements.

• For over a decade, she’s helped small business owners make money online.
• You may not know how long you’ll need someone, but comparing the monthly bookkeeping cost of a contractor versus an in-house employee is the best way to see this angle side by side.
• Keeping your books in order and up-to-date is the foundation of the financial strength of your business.
• Depending on how much work you have and how long you need services, a contracted worker might be a better option.

Starting at $299 our expert bookkeepers will help equip you with the essential skills of bookkeeping through our comprehensive training program. Learn how to effectively manage financial records, maintain accurate ledgers, and understand key bookkeeping principles. Our expert instructors will guide you every step of the way, ensuring you gain the knowledge and confidence to handle bookkeeping tasks with ease. I want you to think about all the hidden costs that come along with starting your own business. You are paying for your own computer, your own equipment, and your own office supplies.

Do You Need a Bookkeeper for Your Business?

You may be helping them play catch-up to get organized not only in the current year, but also in previous years. Right now my goal is to have all my clients on a fixed-rate pricing scale. In an ideal world, I’d have a handful of clients, I’d work two days a week, and I would have them pay me a set amount up front with automatic payments so we both know what to expect each month.

• This eliminates the need for interviewing and taking a chance on an individual who might end up being poorly-equipped to handle key finance-related activities at a company.
• Generally speaking, bookkeepers help collect and organize data and may have certain certifications to do so for your business.
• We offer an unprecedented level of quality for a fixed monthly fee, allowing companies to focus on growing their revenue while we handle all the daily, monthly, and annual financial work.
• The more you offer, the more you need to reconsider the price you charge for bookkeeping services to ensure you’re charging clients the right amount for your services.
• On top of this, it is also a bookkeeper’s job to keep everything organized.

A professional bookkeeper may have the certifications and work history, but have they dedicated their career to helping other businesses to succeed? Look for a bookkeeping service whose business model relies on the success of others. If you are still wondering how much does a bookkeeper cost, explore your options. An online bookkeeping business has likely automated most of the services you require and they can have a team of experts at the ready if you are in need of help.

Bookkeeping Training Package

For example, there is a different financial management requirement in a hotel and another in a hospital. Be it in-house or outsourced bookkeeping agency services; you need someone who can utilize the tools suitable to your business. Therefore, it is a must to do thorough research before jumping on to any of them. Accounting and Bookkeeping is a topic that slips through your fingers very easily.

Frequency of service

However, bookkeeping services fees should include much more than simple data entry, as there are automated software programs that can do that for you. Before bringing on a new customer, you should meet and assess their situation. As an industry expert, what is the accounting cycle you might help them recognize needs and opportunities. The assessment will consist of gathering information that’ll help you determine the amount of time and level of complexity required to meet the client’s needs before you provide your quoted price.

How much does a bookkeeper cost FAQ

Comparing small business accountant fees can be challenging as they structure their fees differently. Look at your options and estimate how much you will spend with an accountant using each different pricing structure – some even offer free consultations first. Shop around if you think you can get a better price with a different accountant.

Value of Our Monthly Bookkeeping Services

Hiring a part-time bookkeeper at 20 hours per week at a rate of $17 dollars an hour (the high end of the average hourly cost cited above) will cost you $340 total for the week. Depending on the amount of work involved, you can hire either a full-time bookkeeper or a part-time bookkeeper. Depending on the type of industry and your income goals, you can offer full-charge services, including payroll, managing fixed assets, and contributing to advisory conversations. Your value also rises when you’re better at customer service and data accuracy, finding holes, and asking good questions. It’s also true that experience in higher-paying bookkeeping services (more on this shortly!) affects your pay.

And bookkeeping is a great medium in helping you make the smartest business decisions. Although not a crucial factor, it’s important to ensure the bookkeeper has experience working with software that you find convenient. Different industries also require different services, which can affect the overall cost.