The cost of bookkeeping services per transaction varies depending on factors such as the type of transaction, complexity, and the bookkeeper’s location. The average cost for different types of transactions is $0.50-$1.00, with check entry, journal entry, payroll, and tax preparation costing $0.50-$1.00. To find an affordable bookkeeper, ask for referrals, search online, contact your local Chamber of Commerce, and compare quotes from multiple bookkeepers.
Additionally, you may need to pay a monthly fee for bookkeeping services, which covers the bookkeeper’s time managing accounts, reconciling bank statements, and preparing financial reports. The monthly fee typically ranges from $500 to $2,500, depending on the size and complexity of your business. To decide whether to pay per transaction or a monthly fee, consider your specific needs. If you have a lot of transactions, paying per transaction may be more cost-effective, while a monthly fee may be better for smaller volumes. To find the right bookkeeping solution for your business, compare rates and services from multiple bookkeepers and compare their rates and services.