How much do Bookkeeping Services Typically Cost in Minnesota?
If you run a small business in Minnesota, staying on top of your finances is essential—but hiring a full-time bookkeeper or handling it yourself can quickly become expensive or time-consuming. That’s where outsourced bookkeeping services come in.
Download Our Free Brochure →So how much should you expect to pay for bookkeeping in Minnesota? The answer depends on a few key factors—but the good news is that affordable, flat-rate options are widely available.
Typical Monthly Bookkeeping Rates in Minnesota
For most small businesses in Minnesota, monthly bookkeeping services typically range from $95 to $175. This price usually includes:
- Categorizing and recording transactions
- Reconciling bank and credit card accounts
- Generating monthly financial reports
- Basic support for questions or document uploads
At the lower end of the range ($95–$120/month), pricing usually applies to businesses with lower volume—fewer bank accounts, minimal transactions, and simple reporting needs. At the higher end, businesses with more activity, more complexity, or additional service requests will pay more.
Factors That Affect Bookkeeping Costs
Several variables influence your monthly bookkeeping price:
1. Number of Accounts and Transactions
A business with two checking accounts and 100 transactions/month will typically pay less than one with six accounts and 500+ transactions.
2. Industry Type
Some industries—like real estate, law, and e-commerce—have more complex bookkeeping needs. They may require more journal entries, reconciliations, or compliance tracking.
3. Additional Services
Adding services like payroll, 1099 tracking, or tax prep support will increase your monthly cost.
4. Clean-up or Catch-up Work
If your books haven’t been maintained for months, a catch-up bookkeeping service is typically charged as a one-time project before regular monthly service begins.
Test Case: Small Retail Business in Minneapolis
Business: Boutique store with 3 accounts, ~150 transactions/month
Need: Monthly bookkeeping and sales report tracking
Initial State: No books maintained for 6 months
Solution:
- Catch-up work completed in 5 days
- Monthly flat-rate service at $115/month
- Sales summaries integrated monthly
- CPA received clean reports each month
Result:
The business avoided hiring a full-time staffer and saved over $18K annually. Monthly books were always current and ready for quarterly tax planning.
Learn more about our Catch-Up Bookkeeping services.
Why Flat-Rate Pricing Makes Sense
Many business owners in Minnesota prefer flat-rate bookkeeping for a simple reason—it’s predictable. You know what you’re paying each month, with no hourly surprises or overages.
Flat-rate services are ideal if:
- You want consistency in service and pricing
- You don’t want to worry about tracking hours
- You prefer everything handled by one reliable team
Remote Books Online offers flat-rate packages starting at $95/month—making professional bookkeeping affordable for startups and established businesses alike.
FAQs
1. Can I get bookkeeping for less than $100/month in Minnesota?
Yes. If your business has minimal transactions and doesn’t require extras like payroll or invoicing, you can often get started under $100/month.
2. Do bookkeepers in Minnesota charge hourly?
Some local or freelance bookkeepers charge by the hour (typically $35–$70/hr). However, most small businesses prefer fixed monthly pricing for simplicity.
3. Are online bookkeepers available to Minnesota businesses?
Yes. Services like Remote Books Online offer full-service virtual bookkeeping with U.S.-based support for Minnesota clients.
4. What if I haven’t done my books in months?
No problem. We offer clean-up and catch-up bookkeeping to get you current—then we transition you to monthly service.
5. Do you work with QuickBooks or Xero?
Yes. We support both QuickBooks Online and Xero bookkeeping systems.
Explore our Monthly Bookkeeping Services to get started.
Final Thoughts
Bookkeeping doesn’t have to break the bank. Whether you’re a startup or an established business in Minnesota, you can access professional, affordable bookkeeping for less than the cost of a part-time employee.
With Remote Books Online, you get flat-rate pricing, no long-term contracts, and dedicated support—so you can focus on running your business, not your books.
