How Much Should I Charge for Bookkeeping Services? Averages

pricing bookkeeping services

Each has its pros and cons, and understanding them can greatly affect how you run your bookkeeping firm. Otherwise, you may wind up missing out on profits or scaring off clients with high rates. Again, the best course of action for you to take when setting prices is doing your research.

pricing bookkeeping services

If you can do the job more efficiently or insightfully, you’re likely adding more value for your client than your hourly wage goal. Hourly pricing is typically seen as a better option for bookkeepers who are just starting out or don’t have much experience. Self-employed bookkeepers can charge clients $35 or more per hour. This doesn’t include the benefits that can cost up to 20% of their salary. The best approach to bookkeeping is to translate the work of keeping your financial records and books in order into dollars.

Best Online Bookkeeping Services

Merritt Bookkeeping is a no-frills Quickbooks virtual bookkeeping services firm that offers fixed, flexible pricing and an easy user interface to small business owners. They also offer a 90-day money back guarantee and are very proud of their public reviews. Bench provides a hybrid of affordable professional bookkeeping services and accounting software. A professional bookkeeper will set up your accounts and send you financial reports regularly. Online bookkeeping services can save business owners both time and money.

Don’t be fearful of having conversations about raising rates with long-term clients. If they value your relationship and the service you provide, they’ll understand why you make  occasional and reasonable increases. With tech taking up so much airspace in modern accounting, those who are fluent users are quickly outpacing those who aren’t. In a survey by PracticeWeb, 66% of clients surveyed said they would pay more for a ‘tech-savvy’ accountant. Generally, small to medium-sized businesses expect to pay between $500-$2,500 USD monthly for their outsourced bookkeeping—an dauntingly large range to deal with. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Overall stats of a small client

Know that there’s a plan in place to ensure that your filings are up to date and never fall behind. It is a model businesses use to promote and sell a product or service. It has four elements, called 4Ps, which refer to product, price, place, and promotion. As you’ve seen, there are several solutions to this bookkeeping dilemma, but they also come with additional questions you should keep in mind before making a decision. To help you on this decision-making journey, we’ve gathered four questions to ask yourself before hiring a bookkeeper.

pricing bookkeeping services

Depending on how much work you have and how long you need services, a contracted worker might be a better option. Additionally, a bookkeeper may work with an accountant, who is responsible for more advanced tasks such as assessing the health of a business or generating financial statements. On the other hand, if you’re working with a small company, they may have simpler needs and require less work. Remember, even small businesses can be complex and may need additional support because they have fewer resources. A full charge bookkeeper takes care of the usual bookkeeping service but also handles some accounting duties.


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