How Much Do Bookkeeping Services Cost for Small Businesses?

If you’re contracted as a bookkeeper, your client isn’t in charge of your sick time or vacation time or disability or leave or anything that they may have to think about with an employee. You can categorize your clients into small, medium, and large based on the amount of time you spend on their bookkeeping each month. Expect smooth expert services at low rates and quality service; we will manage and organize your books according to your preferences and needs. With updated experts, feel free to enjoy the benefits of all tax deductions.

Kathryn loves all things business and productivity and has been able to combine her love for creating content into writing for accounting firms looking to improve their businesses. Now that we’ve gone over some of the factors you need to consider when pricing your bookkeeping services let’s take a look at a few different pricing structures you can use. The number of clients a bookkeeper can manage depends on various factors, such as the size of the clients and the complexity of their bookkeeping requirements. A full-time bookkeeper with plenty of experience can manage anywhere from 5 to 20 clients. Our efficient virtual bookkeepers can also help you stay on top of paying your vendors and suppliers. We take the hassle out of account payable management, ensuring everyone gets paid on time.

Payroll assistance

If you’re a small-to-medium business, the thought of hiring a bookkeeper seems lofty at best, and decadently impossible at worst. Bookkeeping gives you a clear picture of your business financials and standing and can help with forecasting, applying for access to capital, actively managing your business, and optimizing cash flow. We look forward to helping you maximize your small business goals by providing affordable, year-round expertise. Based on your unique business situation, we will match you with the account manager who best meets your needs. Our professionals will take bookkeeping off your plate to help give you time back. With Content Snare, you can easily organize and collect all the documents you need from clients.

The average hourly rate for freelance bookkeepers ranges from $26.91 to $43.57. Depending on your geographic location, this amount will be more or less than the average national rate of $34.67 per hour. Another option is to bookkeeping for startups work as an in-house bookkeeper, which typically earn a salary of $49,672 per year, or the national average of $24 per hour. However, depending on where you live, average salaries can range from $71,500 to $27,500 per year.

How Much Are Our Monthly Bookkeeping Services Fees?

Most startups and small businesses cannot afford to spend such high amounts on hiring a bookkeeping firm. These budget-friendly services charge a much lower bookkeeping average hourly rate than traditional firms. Outsourcing also offers many benefits that you can’t get with an in-house bookkeeper. If you’re growing, the outsourced bookkeeping service should be able to help you scale by adding full service accounting when you are ready for it. The most common services of outsourced bookkeepers include virtual bookkeeping services, cloud-based bookkeeping, and the use of accounting software to manage a company’s financial data.

Outsourcing can provide advanced and less costly bookkeeping service than a typical in-house bookkeeper. Just as with hiring an internal bookkeeper and defining their role, you’ll have to decide which pieces of your financial management make sense to outsource including the bookkeeping function. The average price of outsourcing your bookkeeping needs ranges from $500 to $2,500 a month depending on the number of transactions and complexity of services required. A key benefit of Outsourcing is it gives you the ability to customize the services you receive to your bookkeeping needs.

Bookkeeper Experience

In this example, doing your own bookkeeping is more expensive than hiring a professional —  and a lot more expensive than using Keeper. It’s a better idea to have someone do it for you, since your time is more valuable elsewhere. So let’s break down the various bookkeeping options, who they’re best for, and how much you’re likely to spend on them. You also have to think about the size of your business, not to mention its structure and complexity. A professional bookkeeper can cost you around $500 to $3,520 a month. Jesus Morales is an Enrolled Agent and has 7 years of bookkeeping and tax experience.

• Part-time bookkeepers and outsourced bookkeeping firms are a sound solution for new businesses, while full-time bookkeepers tend to benefit more established companies more.
• Unlike many traditional firms, online providers aren’t usually restricted by geography, so their services are available anywhere in the US.
• The number of clients a bookkeeper can manage depends on various factors, such as the size of the clients and the complexity of their bookkeeping requirements.
• It will help you understand the type of services you can currently afford and choose the right professional.
• You should also decide on a pricing structure and payment schedule that will work well for you and your clients.
• There are three types of certifications for bookkeepers that we recommend.