Bookkeeping Pricing Packages & Plans Bench Accounting

As your business grows, our in-house professionals stand ready to help with additional tax planning and advisory services that may contribute to greater success. A lot of those systems actually have built in either integrations or ways for us to handle them automatically, so that gets some of the work off the accountant’s plate. This means that many transactions can be automatically and cleanly dropped into QuickBooks, it’s actually coming in cleanly into QuickBooks. Now, the accountant still has to validate and make sure it’s accurate, but it saves quite a bit of effort. It’s normal for startup founders to want to understand how their startup’s bookkeeping services are priced. And it’s a really good question because there are several variables that make startup accounting more or less expensive.

• At the bookkeeping level, this often means that for an individual transaction it may require more steps to record the transaction.
• You can research the rates charged by other bookkeepers in your area.
• This helps us keep the cost of delivering bookkeeping services down.
• Working with Zeni gives you 24/7 access to our team of experienced bookkeepers, accountants, tax advisors, CFOs, and financial planning and analysis experts.
• The same is true if you have specialized training or certifications.
• Note that the cells highlighted in yellow should be updated with your firm’s pricing.
• If you’re ready to take back that time, consider bringing in an outsourced bookkeeper to manage your books.

If you are working on a project basis, you will need to invoice your clients for the work you have completed. You should include all the relevant details on the invoice, such as the hours worked, the tasks completed, and the total cost. The main downside to fixed fee pricing is that it can be difficult to estimate the time needed to complete the work. You may lose money on the project if you underestimate the time needed.

Our Accounting Services

Bookkeeping gives business owners the knowledge they need to make the right financial decisions through financial reports. Our bookkeeping price packages will help your small business by providing options that fits your needs and budget. Most bookkeeping services give you a ballpark estimate of your monthly cost based on a scope of work, but it’s only that—an estimate. Since you won’t know in advance how many hours of bookkeeping service will be needed to manage your finances, it’s hard to predict exactly what your monthly bill will be with this kind of price package. This department benefits from in-house CPA and tax attorney oversight and input – something you will not find anywhere else.

On average, small business owners can expect to pay between $ per hour for bookkeeping services, depending upon many factors. And, based on the services you require, you’ll probably need at least 5-15 hours per month worth of bookkeeping. So, if you do the math, most small- and mid-sized businesses can expect to pay between $250 – $1,500 per month. ‍A bookkeeper may also take care of day-to-day financial functions like accounts payable and receivable, handle the reconciliation of your payroll and bank accounts, and produce monthly financial statements.

Bookkeeping Services Pricing – How are they calculated?

But you can also offer an advanced package with additional tax preparation and payroll services. What is the difference between small, medium, and large client accounts for bookkeepers? Let’s break down the different sizes to their revenue, employee numbers and other key metrics. Then we will compare this to the fixed-rate monthly pricing I charge for bookkeeping services along with the bookkeeping tasks I do for each one. My goal is to help you understand what these breakdowns look like for each client.

The main downside is that it can be difficult to estimate what clients value and, therefore, what to charge for your services as it is very customized. You will need to understand your client’s needs and what they are willing to pay for your services. You may also need to negotiate prices with clients, which can be time-consuming. Note that this pricing template is intended for you to determine the pricing https://www.bookstime.com/ for your services and is not necessarily meant to be delivered to your clients as an outline of all potential costs. Any bookkeeping engagement should be outlined in a full proposal, and you should have a signed engagement letter in hand prior to starting any work for a new client. The price you pay to outsource your bookkeeping can end up being an expensive surprise each month—but it doesn’t have to be.

Payroll Subscriptions

If you want more help, we have a guide on how to price your services here. You might also want to check out this podcast episode where I discussed how to include client questions & support in a subscription plan. It is easier to upsell your customers to more expensive levels when you have different https://www.bookstime.com/pricing tiers of services available. We set startups up for fundrising success, and know how to work with the top VCs. Kruze is trusted by hundreds of companies, and we understand the unique challenges startups face. Our entry-level package gives early-stage founders the accounting expertise they need.

Deciding what to charge for bookkeeping services can be a complex task. You need to consider the type of work you will be doing, the needs of your clients, and the competitive landscape when setting your rates. You should also decide on a pricing structure and payment schedule that will work well for you and your clients. This billing allows you to price your accounting services based on the time it will take you to complete the work. Each employee will have a charge-out rate based on their experience as a markup on their hourly rate. To give your client an accurate estimate, it is important to be honest about how much time you expect the work will take.

CUSTOM SERVICES

If you’re ready to take back that time, consider bringing in an outsourced bookkeeper to manage your books. Read this article to learn about outsourced bookkeeping rates and what goes into determining those costs. Gone are the days when using accounting systems such as Quickbooks seemed like a luxury.