Bookkeeping Costs How Much Should I Pay?

If you’re still on the fence about hiring a bookkeeper, here are a few extra considerations to keep in mind. Ultimately, these are all different ways bookkeepers help drive bookkeeping services pricing profitability and growth. Clients now decide HOW to work with you instead of IF to work with you. A small shift in wording significantly impacts your bottom line.

• A Full Charge bookkeeper has the same duties as an ordinary bookkeeper, except to be solely responsible for the company’s accounting.
• Your budget for bookkeeping should fall within the general $250-$2,000 per month, but there are outliers in that range due to the many variables.
• Wondering how much you should expect to be paying to have your bookkeeping done for you by a qualified person?
• Bookkeepers also make sure businesses are adhering to VAT rules and regulations.
• How you pay your bookkeeper depends on whether they are in-house (full-time or part-time employees), freelance, or an online bookkeeping service.
• And, use it as a competitive advantage when it comes to pricing your offerings.

If you’re just doing your research to see if you want to become a freelance bookkeeper, there are a few key things you need to consider. First, you need to decide if this is going to be your side hustle or if you’re committed to providing bookkeeping services on a full-time basis.

How to save money on bookkeeping

Our approach is true collaboration, working side by side with you to help your business be as successful as possible. Once you start talking about using services, you may start seeing dollar signs and be worried about how much this will cost you. Let’s take a look at how much these solutions really cost and how they could potentially pay off for you and your business. When it comes to procuring a bookkeeper, there are several different options you can choose from, and each comes with its own pricing structure. By now, you should have an idea of how much a bookkeeper is going to cost you, and how that price tag stacks up against the cost of doing it yourself.

Because we only work with early-stage, funded companies, we’ve developed deep expertise and detailed, battle-tested processes specific to the needs of our clients. Secondly, our team is highly experienced – our account managers have an average of 11 year of experience, which means they don’t have to reinvent the wheel every time a client has a need. Someone in Kruze has probably seen it and done it, which saves us time and lowers our costs. Finally, we’ve built in-house software to help us generate our clients’ books and financial reports. We combine that proprietary technology with best-in-class, off-the-shelf software like QuickBooks, Expensify and others to deliver high quality, and affordable, services. If basic bookkeeping is all that your company needs at this stage, you’ll need to decide whether to do the bookkeeping in-house or if you should outsource. If you decide to hire and manage a bookkeeper you’ll also have to decide whether the position is part-time or requires full time.

Starter

Part time bookkeepers will charge between $400 and $800 per month for basic bookkeeping, excluding the benefits. For full time services, expect to pay from $3,000 to $4,500 per month without the benefits. For outsourced bookkeeping, the price is from $500 to $2,500 per month for basic bookkeeping tasks. 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.