How Much Does a Bookkeeper Cost? Bench Accounting

bookkeeping cost per month

Bookkeepers are in charge of maintaining your books closely day in and day out. They generally do all data entry into accounting ledgers or software.

Do I need monthly bookkeeping?

As a small business owner, you shouldn't overlook the importance of your monthly bookkeeping. After all, it's one of those things that can save you a great deal of time, money, and headaches down the road. Without keeping clean and accurate books, your business is likely to face financial chaos – think about it..

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Small Business Accounting Services

The cost depends on the state of your books when we take them over. Most triage and repair fees fall in the $2,000 to $5000 range, which is spread out over the first 90 days. After cleaning up the books we move to our agreed-upon monthly fee. At the other end of the spectrum are large bookkeeping firms who charge hourly rate of $150-$200. Small business bookkeeping is an annoyance for big firms, and you won’t get the level of service you deserve. We look beyond the average cost of bookkeeping services and create a package with the greatest value for YOUR business. You can use thebookkeeping cost estimator on our homepage to get an idea of how much money you’ll save by using our services, compared to the cost of hiring an in-house bookkeeper or accountant.

bookkeeping cost per month

Your budget for bookkeeping should fall within the general $250-$2,000 per month, but there are outliers in that range due to the many variables. 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. You know what they say—“You get what you pay for.” And, that saying holds true for bookkeeping services.

Full Service Bookkeeping

We also have a tool to securely download your bank and credit card statements automatically every month without the need for you to regularly login. We work with a number of desktop and cloud-based accounting applications.

  • We look beyond the average cost of bookkeeping services and create a package with the greatest value for YOUR business.
  • For example, the process is similar to hiring an in-house bookkeeper but you don’t have to add overhead costs for employees on the payroll.
  • Outsourcing bookkeeping is a good option when you could use a hand hiring a bookkeeper for keeping track of a part of your financial management.
  • We work hard to evaluate the necessary tools and technologies that support remote work relationships while providing the key checks and balances needed in bookkeeping.
  • An outside bookkeeper will charge them at the higher end of the range.
  • Some services also support Xero, another cloud-based accounting software.

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. It’s reasonable for a new bookkeeper to charge around $40 an hour, but you’ll need to do some research in your area to make sure that is a good starting point. From there, you can raise your rates as you gain more experience, and many top out around $80 or more an hour. The good news is that using the right fintech and accounting systems can save a startup money on bookkeeping by automating the flow of data and automatically categorizing transactions according to GAAP. You want to hire a bookkeeper with the requisite qualifications.

Giersch Group business management consulting board services fee

We believe that startups deserve to know what their monthly bookkeeping costs will be, which is why we offer set, recurring packages. The highest bookkeeping services pricing end of these packages are suitable for divisions of public companies, startups with multiple locations with complex compliance needs and more.

  • The obvious goals are to add skillsets you didn’t have before, save money, or improve systems or internal controls.
  • As a business owner, you’re acutely aware of how precious a commodity time is.
  • These firms specialize in bookkeeping and accounting, so their specialists will likely be more experienced and provide greater expertise than hiring an in-house bookkeeper.
  • Making wise financial decisions is facilitated by accurate and timely bookkeeping.
  • Go for professionals who have already worked with similar businesses.