Frame your pricing within this context of value, emphasizing the long-term benefits your clients will gain. There are four subscription levels, which depend on the number of monthly transactions and frequency of service, and Bookkeeper.com pricing runs from $399–$799 monthly. The least expensive plans start with bookkeeping basics, such as account reconciliation and generating financial reports. If your company needs additional services like payroll management, tax filing, or budget preparation services, Bookkeeper.com will create a customized quote based on the size and needs of your business. Its bookkeeping service comes with its Enterprise plan, which costs $399 per month when billed annually. You’ll get a dedicated accountant, year-round tax advice, tax prep, bookkeeping and financial reports.
If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. With Bench, you not only receive online bookkeeping services but access to its proprietary bookkeeping software as well. Bookkeeper360 can only work with Xero or QuickBooks for accounting software systems. Although these are both great accounting solutions used by numerous business owners, this is a problem if you use another system.
Client size
We compared Bookkeeper.com with Bookkeeper360 and Merritt Bookkeeping. Bookkeeper.com is our best virtual full-service accounting firm while Bookkeeper360 is our recommended firm for Xero users. Merritt Bookkeeping has the best user review ratings for bookkeeping pricing packages basic bookkeeping services. The cost is dependent on the number of transactions and complexity of your bookkeeping. Unlike many of our competitors, our accounting team will customize your package to meet your bookkeeping and tax compliance needs.
A full charge bookkeeper has a larger responsibility and full oversight over a company’s finances. If you’re not there already, it’s worth upskilling to get to that point, as you’ll be able to justify higher pricing packages. You can calculate the time spent on bookkeeping tasks and translate that into dollars.
Best Online Bookkeeping Services
For example, the process is similar to hiring an in-house bookkeeper but you don’t have to add overhead costs for employees on the payroll. The best approach to bookkeeping is to translate the work of keeping your financial records and books in order into dollars. If the cost is similar to that of an actual bookkeeper for performing the same tasks, then it may be better just to pay someone to do the job. Bringing someone on as an in-house full-time employee requires extra costs on your end, such as benefits and health care, whereas contractors are not entitled to these perks. You may not know how long you’ll need someone, but comparing the monthly bookkeeping cost of a contractor versus an in-house employee is the best way to see this angle side by side. There is no magic number to know when you’re ready to take on a bookkeeper for additional support.
- They keep your financial books in order by tracking the revenue and expenditure This is achieved by performing data entry in accounting software.
- All reports can be easily exported to an Excel file to share with your accountant or future bookkeeping provider.
- Customized quotes are also available based on the needs of your business.
- If a client takes advantage of multiple services, charge accordingly.
- Time how long it typically takes you to do your bookkeeping and calculate how much you would normally earn during that time.
If you need services a bookkeeper doesn’t typically provide, you may need to hire an accountant or CPA firm instead. A part-time bookkeeper can handle basic services for individuals or small businesses. If you have a large business or more complex needs, you may need to hire a full-time bookkeeper. We offer our services to U.S.-based entities, irrespective of your global location. If your U.S. company has foreign subsidiaries, we can also provide consolidated financial reporting.
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If it’s basic client billing and documentation, a good solution may be accounting software that can assist you if you still want to play a more hands-on role. Full-service bookkeeping is everything you’d find in basic bookkeeping with additional accounting services and financial statement analysis. And now that you know the answer to the question “How much does a bookkeeper cost?
In essence, Bookkeeper360 will help you set up your accounting system, provide training and checkups and offer two hours per month of support, but you will manage your day-to-day bookkeeping tasks yourself. Be upfront about what’s included in your services and what would incur additional charges. This step is crucial because it sets realistic expectations and helps prospective clients understand the scope of your services. Remember, every client, regardless of size, is looking for a trusted financial advisor.