How Much Does a Bookkeeper Cost? 2024

rate for bookkeeping services

Hiring a full-time bookkeeper in this situation could be the right answer for you. Using our proprietary cost database, in-depth research, and collaboration with industry experts, we deliver accurate, up-to-date pricing and insights you can trust, every time. Even if you aren’t planning on growing any time soon, you need to have a sense of how much money is coming in vs. what is going out. On top of that, you need the data used in bookkeeping to file your taxes accurately. If you want your business to save time and money, then you should consider hiring a bookkeeping service.

  • Some clients will be a one-time deal, while others may need you on a regular basis (e.g., quarterly).
  • If they are using different software and tools, you should figure out why and use that to determine if you really want to work with them.
  • Try us for free—we’ll do one prior month of your bookkeeping and prepare a set of financial statements for you to keep.
  • Join over 25,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench.
  • Often, these clients don’t have the budget to employ a full-time CPA or accounting firm, and that’s where we come in.

These tasks might require different certifications, specialized skills, or additional time, which means they can be billed at a different rate. Bookkeeper salaries vary state by state (see our chart below), and depending on where you live, you could be paying a large difference in one place versus another. Like so many jobs, experience influences hourly rates for bookkeepers. New bookkeepers will enter at a lower rate than those with years of experience under their belt.

What Does a Bookkeeper Do for Your Small Business?

Someone had to be there to run the report, save it in the right format and send it out. In this age of cloud accounting and virtual bookkeeping services, they should be able to have reports sent to you on a schedule. Don’t lead them by asking if they send out reports on a schedule.

Online accounting costs can vary, but small business owners can often find flat rates and packages tailored to the size and needs of their small business. GrowthForce can serve as your outsourced advanced bookkeeping and accounting department. If either part-time or in-house bookkeeping is not the ideal solution, switching to outsourced bookkeeping or accounting could be your best option. Many businesses are concerned about switching over to outsourcing, not understanding how the pieces fit together with this model. But with today’s advancements in technology, outsourcing has never been easier.

Communicating Your Pricing Strategy to Clients

After assigning a weighted score to each category, we formulated rankings for each company. Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place.

If you want to learn about the fastest way to become a self-employed bookkeeper, working flexible hours online for your clients, check out Brilliant Bookkeeper. Our partners cannot pay us to guarantee favorable reviews of their products or services. You may have access to some of the brightest minds taking care of your accounts and managing the cash flows, while you run your business smoothly, by partnering with MyCountSolutions. Advanced services like tax preparation and planning frequently follow a cyclical pattern.

Type of Services Provided

As their bookkeeper, you’re not just offering them a service, you’re offering them peace of mind, and that’s a value they’re more than willing to pay for. Each pricing model should be crafted with care and consideration to reflect the unique services provided to small, medium, and large-sized clients alike. Every virtual bookkeeping service should have an option that includes bookkeeping pricing packages this. It might (and it should) cost more than their basic level, but the option should be there. It’s human nature to go toward the least expensive choice when we’re trying to cut costs. Even if creating a budget is crucial, particularly for startups and small enterprises, choosing a bookkeeper only based on hourly rates can occasionally be a clever but foolish decision.


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