The cost of bookkeeping services for FinTech firms varies depending on factors such as the size and complexity of the firm, the specific services needed, and the location of the bookkeeper. In general, bookkeepers for FinTech firms charge between $500 and $2,500 per month. Factors affecting the cost include the size and complexity of the firm, the specific services needed, and the location of the bookkeeper. Small firms (1-2 employees) typically pay $500-$1,000 per month, medium firms ($1,000-$1,500 per month), and large firms ($2,500-$2,500 per month).
Additionally, there may be a one-time on boarding fee for bookkeeping services, which typically ranges from $500 to $1,000. Obtaining quotes from several different bookkeepers before making a decision can help find an affordable bookkeeper who can help maintain accurate and compliant financial records. Additional considerations for FinTech firms when choosing a bookkeeper include experience with FinTech, knowledge of regulations, compliance, and effective communication. By choosing a bookkeeper who meets these criteria, FinTech firms can ensure their financial records are accurate and compliant.