How Much Do Accountants and Bookkeepers Cost for a Small Business?

Or perhaps you’re tight on cash and can’t afford to hire a professional right now. The average base salary of an in-house bookkeeper is ​​$42,000 – $46,000. (Based on data from Bureau of Labor Statistics, Salary, Payscale, Glassdoor, and Indeed.) This comes out to $3,200 – $3,520 per month, or an average hourly wage of $20 – $22. Hourly rates can range from $20 to $100 or more per hour, while monthly rates may range from $200 to $500 or more per month for small businesses. The TaxDome Advisor Directory is a unique list of experts in tax, accounting, bookkeeping, payroll and advisory services globally. Whether you seek assistance locally or remotely, you can find professionals who are focused on delivering Accounting Periods and Methods not only proficiency, but a…

Quarterly Bookkeeping

If you want to add annual income tax filing, you need to spring for the $499 per month Premium package. Fixed costs are the first thing you must calculate when setting bookkeeping prices. You need to thoroughly evaluate what it will cost for you to offer your services. Regarding the flat hourly rate, ZipRecruiter figures for June 2024 puts the average hourly pay for a US bookkeeper at around $25 per hour.

Connect With A Member Of Our Bookkeeping Team

By taking advantage of the time-saving benefits of outsourcing, you can work more efficiently and use resources wisely. This will allow you to make better financial decisions for the business and drive it toward greater success in the future. For starters, a qualified CPA bookkeeping and payroll services is aware of the recent changes to Canadian tax regulations. This means the accountant can maximize tax savings while avoiding unnecessary penalties by completing your taxes accurately and on time. Engaging with a bookkeeper is an important milestone for young companies. Regardless of the solution you choose, you’ll be taking a big step towards getting your time back, and building a financial foundation to help your business continue to grow.

Bookkeeping & Tax

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. Our bookkeepers will give you a clear overview of your business’s financial situation. They will generate precise financial statements, such as income statements, balance sheets, and cash flow statements, giving you all the necessary information. Below is a chart with data from the 2024 US Bureau of Labor Statistics, showing bookkeepers’ average salary and hourly rate across the United States.

• This approach allows us to record transactions as soon as funds are deposited into your bank or charged to your bank or credit card.
• With Wishup, you get an efficient and affordable bookkeeping service, hassle-free hiring, and no extra training required.
• And now that you know the answer to the question “How much does a bookkeeper cost?
• To make things more complicated, a freelancer, small business, bookkeeping firm, or an accounting firm will offer different average rates for bookkeeping services.
• Marketing the services that add value to your clients outside of your typical responsibilities is a great way to increase revenue.
• In this case, companies only pay for the specific services utilized, so there are often cost savings versus hourly or monthly fees.

More than 5 years of experience typically results in command rates that are 25-50% higher. Tiered pricing is another way to offer a subscription-type service. Instead of usage-based flat fee pricing, a tiered pricing model segments your target audience based bookkeeping price packages on their needs and budgets. There are four main pricing models you can use for your bookkeeping services. Explore each model to determine what will work best for you and your clients.