Our Minimum Fees depend on frequency that you need financial reports. A clean up service is likely to be the cheaper of these two options, since it is a one-time payment for a single project. If you’re interested in our services, check out how we can help here. That’s a bit different than other firms, but we are focused on maximizing value and experience as quickly as we can.

But bookkeeping done well is an important part of running a successful business, and it can save you from costly record-keeping and tax-filing mistakes in the long run. Offering bookkeeping service packages at different tiers, such as gold, silver and bronze, is a great way to offer different pricing to clients of different sizes and needs. 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. Typically, you’ll want to charge your more frequent clients at a lower rate because you’re seeing them more often and reviewing their books on a regular basis. For one-time clients, you may decide to charge more since you know they may not return and have last-minute requests and needs. So, don’t be afraid to boast about your experience while marketing your accounting firm.

Monitor and adjust pricing over time

Remember, the hourly cost of hiring a CPA depends significantly on the type of work you need them to do. As you might expect, the more complex and involved the work, the higher the hourly rate is likely to be. However, it largely depends on several factors, like the bookkeeper’s experience, qualifications, and where they are based. Compared to a traditional bookkeeping firm, freelance bookkeepers have lower overhead costs, which can lead to increased profits.

• The costs a small business or nonprofit incurs for bookkeeping will depend upon many variables.
• Here’s a list of accounting and tax reports that we work with as part of our ongoing Virtual CFO Services.
• Score also found that 40% of small business owners spend 80+ hours a year dealing with bookkeeping tasks.
• CPAs are well-equipped to provide this kind of advice due to their in-depth understanding of financial statements, taxes, and individual industries since so many CPAs specialize.
• Many accountants are willing to negotiate their fees, especially for new clients or projects requiring a significant amount of work.

So let’s break down the various bookkeeping options, who they’re best for, and how much you’re likely to spend on them. Jesus Morales is an Enrolled Agent and has 7 years of bookkeeping and tax experience. Below, you can read up on all that goes into establishing a fee structure and how you can ensure you’re always coming out on top. If you’d like to learn more about our pricing and what you get for your money, please contact us today.

Benefits of Hiring a Professional Bookkeeper

A bookkeeper keeps track of day to day financial responsibilities for a small business. Virtual Bookkeeping Services does this remotely at at more affordable rates than a full time bookkeeper. We perform same tasks as your in-house bookkeeper without the financial overhead. Tasks like collecting and processing data for financial and tax reporting, sales, payments are common for a professional bookkeeper. After, this data is analyzed by a Delaware small business CPA to help you get the big picture. If you’re in market for specialty accounting services like financial statement preparation, you’ve come to the right place.

• Often you get what you pay for and will end up disappointed because your books are a mess.
• Our staff is will work with your data and simplify it for financial reporting.
• You can also choose to withhold services until the invoice is paid.
• For example, if you’re a sole proprietor with one income stream and no investments, you could probably get by with accounting software.
• At BELAY, we’ve provided remote services from all over the U.S. for 10 years.
• We provide you the same services at a fraction of cost by a licensed bookkeeper.

At some point or another, you may have clients of all sizes—aka small, medium, and large clients. And when one client’s size is larger than another client, you’re going to want to price services accordingly. Nick Gallo is a Certified Public Accountant and content marketer for the financial industry.

Average prices for bookkeeping services: Fast facts

But generally, bookkeepers either charge an hourly rate or a monthly fixed fee. For years, small business owners would go to their tax accountant for all accounting related services. https://www.bookstime.com/ Tax accountants are great at what they do, but they are often not experts on operational accounting and not up to speed on the latest technology applications that drive efficiencies.

The number of hours a firm spends on your accounting and bookkeeping is entirely dependent on the complexity of the task. There are steps you can take to reduce the complexity and save money and we’ll get to those https://www.bookstime.com/accountants a little later on. After digging through the pricing tiers of a number of different bookkeeping service providers, we’ve found that the average range for small to medium businesses is $250 — $1,500 per month.

How Much Do Bookkeeping Services for Small Business Services Cost?

Perhaps the most cost-efficient option for bookkeeping for a small business is hiring a third-party firm that specializes in outsourced bookkeeping solutions. There is a number of key advantages to outsourcing your bookkeeping, including lesser costs, greater value for every dollar spent, and other tangible business-related factors. Part-time bookkeepers typically perform smaller tasks like inputting receipts and keeping tabs on employee timesheets. Companies will often choose to train an existing employee or office manager to take on the extra responsibilities of a part-time bookkeeper. While this may be a lucrative option on paper, any oversight or error in the sheets will come at your company’s expense.