bookkeeping price packages

The one big trick with fixed pricing and value pricing for a bookkeeping service is really all about defining your service offering in advance. You should not present a price without an adequate definition of the work that you’ll be providing per month. As with the monthly bookkeeping services example above, one of the keys is finding a way to your ongoing per month services. Another area to be clear within the bookkeeping service scope is how many bank accounts and credit cards need to be reconciled. Take the time initially to understand the chart of accounts, and bank and credit card accounts you’ll be working with. Customer expectations are changing, and they are now more insistent than ever on upfront pricing.

  • Experienced bookkeepers can charge more than $25 per hour, while entry-level bookkeepers make around $19 per hour on average.
  • That means you’ll never lose access to your data within our platform.
  • Your bookkeeping team reconciles your accounts, categorizes your transactions, and produces your financial statements.

Free Course: Understanding Financial Statements

Professional services and accounting tasks will be included in each of the Bronze, Silver, and Gold tiers. Think about the services which are necessary for you to offer in each tier to get the perfect outcome for your client. Service will be based on how often you reconcile the books in each period. Many businesses do monthly bookkeeping or quarterly but weekly or annually are also an option. Your bookkeeper can close your books and prepare a trial balance. They can also send PDF copies of key financial reports including your profit and loss statement and balance sheet.

Additional Services

The price that you’ll set will be based on your service offer which has to explicitly address the needs and pain-points of the small business owners identified in the meeting with your client. This service trains the clients on bookkeeping and basic accounting system so they are able to do the bookkeeping themselves. The systems used can vary widely and an additional fee applies.

Zeni’s Service Packages: What’s Included?

Bookkeeping pricing packages offer an agreed service at a flat fee. According to Bark.com, the average monthly cost of an outsourced bookkeeper in the US is between $500 and $2500. That’s a pretty wide range explained by various factors, such as experience, qualifications, services offered, company size, and the amount of work required. The template is divided into seven sections, and includes critical details for each step. When implementing fixed-fee or value-based billing, it’s easy to under or overestimate the time it will take you to complete a task. Having an open dialogue with clients about this when you’re first signing them can be a good idea to pre-empt adjustments down the line.

Bookkeeping services pricing guide: How to nail your pricing

There is no need to download QuickBooks Online because it is connected to the cloud, which means you can access online accounting from any device with an internet connection. You can download the QuickBooks Online mobile app from the Google Play Store or Apple App Store. Start a free trial today to take your bookkeeping business to the next level.

bookkeeping price packages

After you sign up to Bench, a member of our bookkeeping team will assist you in connecting all your financial accounts securely to our platform. This enables you and your Bench team to work together seamlessly from the start. Not sure where to start or which accounting service fits your needs? Our team is ready to learn about your business and guide you to the right solution.

With Zeni, you can log in to your dashboard and get a clear picture of your finances on a day to day basis because your financial information is updated constantly. We’ve included a free template you can download and use immediately, plus tips to help you get the most out of it. Your BooksTime bookkeeper coordinates with your tax preparer as needed, so you don’t have to intermediate.

Location is also a major factor impacting bookkeeper salaries and costs. According to ZipRecruiter data, Palo Alto, CA, has the highest typical bookkeeper salary at $65,010 – 28.5% above the national average of $50,573. Other high-paying cities include Scotts Valley, CA ($62,412) and Stanford, CA ($63,712). In major metropolitan areas like these, businesses may expect to pay premium rates for bookkeeping services compared to more rural regions. You will notice services like tax preparation are simpler to define while advisory services leave more potential for gray areas.

This type of service makes sure that the books are accurate and on time on a regular basis. If your monthly average is $50,001 or more, the monthly price for QuickBooks Live Expert Full-Service Bookkeeping is $700. If your monthly average is $10,001-50,000, the monthly price for QuickBooks Live Expert Full-Service Bookkeeping is $500. If your monthly average is $0-10,000 per month, the monthly price for QuickBooks Live Expert Full-Service Bookkeeping is $300. Check their website for client testimonials or ask for case studies you can read. If their clients are satisfied, then it’s likely that you will be, too.

Understanding your ideal client profile allows you to tailor your service packages, pricing structure, and marketing efforts to resonate with their specific needs. Your BooksTime bookkeeper is more than a service provider — they’re a passionate partner in your company’s bookkeeping price packages journey. They’ll be there to help you face challenges and celebrate your successes. A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting.