How Much Do Bookkeeping Services Cost for Small Businesses?

bookkeeping price sheet

I like to calculate my rate based on my max time, but then I’m rewarded if I work quickly and efficiently. GrowthForce accounting services provided through an alliance with SK CPA, PLLC. There are major differences between the three types of bookkeepers and what each can offer your business. Figure out which works for your business and start tackling the problems, or potential problems, with your books. 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. “Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

  • Bookkeeping is one of the basic requirements for running a company, but it is also one of the most complex and challenging aspects of business ownership.
  • Our bookkeeping price packages will help your small business by providing options that fits your needs and budget.
  • Your bookkeeper can close your books and prepare a trial balance.
  • Knowing your profit & loss is essential to keep your business going.
  • Our bookkeeping services are virtual so we communicate with clients via email, phone, Slack, or even video conference.
  • Working a maximum of five hours per month on this particular client’s books, and charging $250 a month, I’m making right around $50 an hour, which is in the ballpark of where I want to be.

This will show them which of the six classes is most profitable. The main types of checks I write are reimbursement checks if the teacher buys supplies with her own money, or certain vendors will send invoices, and I will write a check for those. I’m trying to help my client get away from that by training them to use their debit card to pay for vendors rather than having them invoice for a paper check. If you have a large amount of paper documents that we need to get started, we will arrange for those to be delivered to our office and then returned to you. Prepare checks for you to print / or pay through your bank’s online bill pay. If getting your books caught up is your priority, our Catch Up and Retro bookkeeping teams will work with you to get your books in order, fast. Unlimited referrals Refer a fellow entrepreneur and receive $150 and a free month of bookkeeping for every referral who becomes a Bench client.

Price List Templates for Excel

Keeping your books in order and up-to-date is the foundation of the financial strength of your business. Hiring a full-time bookkeeper in this situation could be the right answer for you. Note that this pricing template is intended for you to determine the pricing 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 virtual bookkeeping providers above might be our favorite—but if they don’t quite fit your needs, we understand completely. Here are three other online accounting service providers worth looking at.

  • The Best Business Budget Templates for Small Businesses Looking for the best business budget templates for small businesses?
  • You will be appropriately equipped with the help of our credible bookkeepers.
  • You know what they say—“You get what you pay for.” And, that saying holds true for bookkeeping services.
  • In this initial stage of establishing your business, you will be primarily concerned with smaller responsibilities like recording transactions and paying bills.

As part of ongoing bookkeeping, your bookkeeper categorizes your transactions and reconciles your accounts each month. Your bookkeeper categorizes transactions and reconciles accounts for you, freeing up time to focus on your business. Your bookkeeper ensures you’re keeping track of income and expenses. At your request, QuickBooks will conduct a full evaluation of your bookkeeper’s work. If your Live Bookkeeper makes an error that requires you to re-open your books for any month, we’ll correct the error in your books for the month that the error occurred at no additional charge. Go part-time – Depending on just how much you’ve budgeted for it, hiring a professional on a part-time basis may be cheaper for you.

Clean-up Bookkeeping Service done on an hourly basis or a flat negotiated rate – contact us for pricing

It’s simply the art of keeping financial records and updating these records over time. Learn how one accountant slashed his payroll bill in half with Patriot. There are no one-time fees when you sign up as long as you already have your bookkeeping set up in Quickbooks Online or Xero. If we need to set you up on either platform, there will be a small, one-time set up fee. We’ll deliver financials at the end of each year that you can easily send along to your CPA for taxes.

bookkeeping price sheet

I’m in charge of sending invoices out to their patients, so I look in the system how much we are supposed to be charging them. For example, the appointment may have cost $300, the insurance covered $200 of the charge, which leaves $100 as the patient’s responsibility. They enter all their patient’s information into the HIPPA Compliant system, and this is sent to the patient’s insurance first.

Virtual accounting FAQ

You can be confident that you will be given proper guidance in terms of your financial journey. If you require the services of a CPA, we also have CPA accounting services that do not require a long term contract. Small businesses, in particular, can look at it as an investment for their growth and future. It all boils down to bookkeeping pricing options to choose from. LYFE Accounting allows flexibility that lets you grow and develop at your own pace. You don’t need to go for a pricey hourly rate or high tier package right away.

  • Remember, more specialized services can demand a higher rate of pay.
  • Specializing in additional services like payroll or having expertise in a certain accounting application can also be a factor.
  • Whether you’re a church, nonprofit, or small business, managing your bottom line is the difference between success and failure.
  • We offer a variety of fixed fee monthly bookkeeping pricing packages that can suit any business, small or large.
  • For businesses with over $200,000 of monthly expenses, this might offer the type of customization you’d need.
  • Through the categorization, reconciliation, and books close process, your Live Bookkeeper ensures your books are accurate.

An expert gets you started on the right foot by bringing your past financials up to date and setting up your bank connections and chart of accounts. QuickBooks Online is the #1 accounting software for small business based on PCMag, as of December 2021. Have a bookkeeper categorize expenses, reconcile accounts, and close your books with guaranteed accuracy, so you know where your business stand.

Our bookkeeping price packages are varied to give you several options. These services are customized to the exact needs of business owners. The on-boarding or Starter package pricing starts at $500/month, the Standard package is priced at $750/month, and the Pro package is priced at $1000/month. Besides that, we can also advise you on the bookkeeping price packages we offer and see which one fits your business the best.

On average, outsourced bookkeeping services cost anywhere between $500 to $2,500 a month for small and medium businesses depending on the hours you need each month. EBetterBooks offers online accounting services like bookkeeping, taxation, payroll management, financial reporting across the US. Keep your business profitable, and we will take care of all your accounting needs.

Clients who want premium service including CFO/Advisory services, expedited reporting and full service attention. When you’re putting together a pricing quote for a potential new client, there are a few key things to keep in mind. And you also want to ensure you’re being compensated for all of your efforts. There’s no reason for you to start from scratch on your bookkeeping services pricing bookkeeping pricing proposal template. Jetpack Workflow believes that applies to all of your recurring tasks. At, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

bookkeeping price sheet

Although InDinero offers scalable plans, they’re not very transparent about what exactly they include in each plan until you talk to a salesperson. Unfortunately, InDinero doesn’t have many integration options, but if you already use the software they integrate with, it’s a very robust solution. Connect to non-LendingClub bank accounts, credit cards, and debit cards with the Flex and Pro plan. At BELAY, we’ve provided remote services from all over the U.S. for 10 years. 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.