Accounting services are essential for a growing business, but they have a cost. So it’s only logical to make a cost-effective choice before deciding to commit. However, with careful thought and consideration, you can create packages that fit your clients’ needs and ensure a seamless transition to your new service model. After enough trial and error, you can settle on your final service packages and promote them to the rest of your clients. From there, you can ensure each package is feasible for you and your team while offering enough value to your clients. With uniform service packages, you can keep your workload relatively consistent and manageable no matter what client you’re working on.
That can mean tens of thousands of dollars in insurance, paid time off, and other employee benefits you’ll have to pay for. The average hourly rate for bookkeeping is between $18 and $25 per hour, depending on the exact services provided bookkeeping pricing packages and the bookkeeper’s skill level or experience. Bookkeeping projects are often priced on a one-off, monthly, quarterly, or annual basis. The informal rule here is to offer reduced fees to clients that patronize your more frequently.
Financial Reporting
Then, any package they see at a lower price will look like a good deal. Choose a few service package tiers (e.g., Bronze, Silver, and Gold) to fit various types of clients. If you invoke the guarantee, QuickBooks will conduct a full n evaluation of the Live Bookkeeper’s work. There is no need to download QuickBooks Online because it is connected to the cloud, which means you can access online accounting from any device with an internet connection. You can download the QuickBooks Online mobile app from the Google Play Store or Apple App Store. However, be aware that business size does affect a bookkeeper’s workload and may lead to you paying more or even for a second bookkeeper to alleviate some of that burden.
This process makes it easier to upsell clients to the next-highest tier for better value and convenience. How you introduce the pricing of your different packages is also critical. Now, use all your preparation work to create a detailed framework and structure for each package you present to clients. You can further determine the feasibility of packaging different services together through historical data. Analyze your services and see how many billable hours it typically takes to complete each one. Reach out to learn more about our affordable accounting pricing for startups.
The Bookkeeping Company’s Industry Familiarity
Designed to meet the needs of businesses of all sizes, our cost-effective solutions ensure that your finances are kept up to date on a quarterly basis. We can complete accrual adjustments like tracking accounts receivable and/or accounts payable, unearned revenue tracking, and more with our specialized accounting add-on. If we are recording accrual adjustments for you, revenues and expenses are recorded when they’re earned throughout the year, regardless of when the money is actually received or paid. At year end we will remove these accrual elements to ensure your bookkeeping is adjusted back to modified cash basis. Use our bookkeeping pricing chart below to get an estimated price range for your customized service package. It’s important to note that most firms charge extra for tax preparation to have you fully audit-ready, so you shouldn’t expect that to be included in your standard bookkeeping fees.
- Ultimately, a workflow management system can save you time and money, making it an essential tool for any bookkeeping firm.
- All reports can be easily exported to an Excel file to share with your accountant or future bookkeeping provider.
- Whether you’re a small, medium or large business, we have a plan for you that will support your current season.
- The bookkeeper’s exact services will also impact the cost, along with how experienced the bookkeeper is and their reputation.
- When you hire an in-house bookkeeper, you need to consider the cost of salary, benefits, and ongoing training, which can add up over time.
While part-time bookkeepers would earn around $2000 per month on average. In today’s remote work, many companies hire bookkeeping services in states like Florida, which have no income tax and lower cost of living. Of the three, the fixed pricing model seems to be the most popular among clients. Fixed fee bookkeeping packages enable a client to know precisely how much he’ll pay per month. This allows for better cash flow planning while ensuring that no unexpected additional payments pop up within that period.