How much to charge for bookkeeping services?
Bookkeeping services can be charged in a variety of ways, so how much you charge will depend on a few things. Are you going to charge by the hour, on a flat monthly fee, or on a per-project basis? How much you charge will also be influenced by your experience. You will be able to charge more for your bookkeeping services if you have proven yourself knowledgeable, reliable, and trustworthy. Do you have specialized knowledge in certain industries? You can charge more for that as well. On average, a bookkeeper in the United States earns about $22 per hour, according to the Bureau of Labor Statistics. If you are new to the profession, you can expect to charge a little less than that until you have some experience to showcase. If you are a more seasoned bookkeeper with vast experience and knowledge, you may be able to charge more than that average amount. Another thing to consider is your clientele. Are you looking for clients with simpler needs and low-volume transactions? The easier it is to complete the work, the less a client is going to be willing to pay you to do it. Once you think about each of these factors, you can better decide how much to charge for bookkeeping services.
Download Our Free Brochure →How much are bookkeeping services?
The amount you will have to pay to outsource your bookkeeping needs to a professional will depend on numerous factors. On average, a person can expect to pay $500-$2,500 per month for an hourly bookkeeper. You also can look for a bookkeeper or bookkeeping firm that offers the option of a flat monthly rate. Some firms offer services as low as $95/month, like Remote Books Online.
If your business is on the smaller side with only one or two accounts, you will pay a much lower amount. If you have multiple payment providers you go through (like PayPal and Stripe) and multiple bank accounts and credit cards, you can expect to pay more. The number of accounts you have and the number of transactions those accounts see every month play a big factor in how much you will be paying for bookkeeping services.
Another thing to keep in mind is whether or not your business needs extra services. If you know you will need services such as sending and tracking invoices or catch-up work on books that have fallen behind, you will have to inquire what those services will cost. The more work there is to do, the more it will cost to have it all done.
