Hourly Rate for Bookkeeping: How Much Do Bookkeepers Charge for Bookkeeping Services?

Custom plans make it difficult to predict exactly how much you’ll pay per month. Proprietary bookkeeping software could make it difficult to switch to another provider in the future. 250+ small-business products reviewed bookkeeping pricing packages and rated by our team of experts. The best way to do bookkeeping for small businesses is to come up with a framework, choose the method that works best for your business type, and keep track of all the details.

Best Online Bookkeeping Services (

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. As a bookkeeper, you can and should leverage your experience to increase your profit.

Simple, straightforward pricing for everything your business needs.

Tickmark, Inc. and its affiliates do not provide legal, tax or accounting advice. The information provided on this website does not, and is not intended to, constitute legal, tax or accounting advice or recommendations. All information prepared on this site is for informational purposes only, and should not be relied on for legal, tax or accounting advice.

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Also, where the bookkeeper or the business is located can change the rates. In some places, the cost of living is higher, so bookkeepers need to charge more to make a living. Having https://www.bookstime.com/articles/full-charge-bookkeeper an in-house bookkeeper means someone is always there to handle your bookkeeping tasks. They get to know your business well, which can make them more effective at their job.

• 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.
• But who wants the task of sifting through receipts and organizing statements when there’s a whole slew of business operations to attend to?
• That way, there are no surprise fees, and clients know what to expect from you.
• Remember, every client, regardless of size, is looking for a trusted financial advisor.
• Depending on the company, you can speak with your bookkeeper (or team of bookkeepers) as often as you’d like or at least a few times per month.

Offers less expensive plans for businesses that need tax support and a dedicated accountant, but not bookkeeping assistance. She has over 15 years of experience in print and online journalism. Before joining NerdWallet in 2020, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content and specializing in business financing. Our partners cannot pay us to guarantee favorable reviews of their products or services. QuickBooks Live is best for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it.

• This part will answer some common questions to help you know what to expect when you need to hire a bookkeeper.
• While these exact figures can change over time, the cost comparisons of covering your bookkeeping and accounting needs can vary greatly depending on the type of individual you hire.
• We provide our clients with a modified form of cash basis bookkeeping.
• Similarly, if you pay for office supplies in February, you record the expense in February, regardless of when you actually used the supplies.
• Therefore, you generally want to charge a small client less because they have fewer needs.

Often, these clients don’t have the budget to employ a full-time CPA or accounting firm, and that’s where we come in. We can step in as their virtual finance department, managing tasks on QuickBooks Online or other accounting software. The pricing for these clients might be lower, but remember, we’re establishing long-term relationships, and as their businesses grow, so too will their needs (and our compensation). Our complete list below includes why we selected each online bookkeeping service, monthly price details and features checklists to help you easily compare services. Some bookkeeping services can provide a full suite of bookkeeping, accounting and tax services. Examples include bookkeeping journal entries, bookkeeping ledger, bookkeeping reconciliation and bookkeeping trial balance.

What is a full charge bookkeeper?

Although bookkeeping is a universally important corporate function, geographical circumstances also play a role. One region to another may have quite different hourly rates, services provided, and even approaches to bookkeeping. Businesses must comprehend these subtleties to maximize their bookkeeping investments and make wise judgments. They become an essential member of your financial team, providing financial planning, forecasting, and budgeting advice.

For this client, I do some tallying of their hourly employee amounts and then note how much is deducted for their health insurance and retirement savings. All I need to do is fill out the spreadsheet, and then I send it off to the payroll department. I tried using bill.com with this particular client, but I actually didn’t really find it as helpful as I would have hoped. I often just use the bill pay directly through the bank with this client, as it’s relatively easy to do, and many banks will do that service for free. Another extra task that I do for this client is to write checks for this preschool, so I am a signer on the bank account.

Best Practices for Optimizing Pricing Structures

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. While these exact figures can change over time, the cost comparisons of covering your bookkeeping and accounting needs can vary greatly depending on the type of individual you hire. There are two main types of bookkeeping to be aware of when deciding what type of bookkeeper to hire. These include basic and full-service bookkeeping, where the decision largely depends on your business goals and needs. On top of this, it is also a bookkeeper’s job to keep everything organized.