rate for bookkeeping services

Therefore, you generally want to charge a small client less because they have fewer needs. For example, you may have different pricing for a larger client (e.g., physical therapist) who has $1.5 million in revenue annually than for a small client (e.g., small business) that has an annual revenue of $200,000. At some point or another, you may have clients of all sizes—aka small, medium, and large clients. And when one client’s size is larger than another client, you’re going to want to price services accordingly. Small businesses are most often prone to outsourcing their bookkeeping to third parties.

You are not just providing basic bookkeeping services like maintaining the balance sheet or handling bill pay. Your service goes beyond the data entry tasks that could be handled in-house. Your expertise is in streamlining workflow, optimizing cash flow, and delivering accurate financial insights that empower small business owners and startups.

Basic Bookkeeping Costs

No surprises at the end of the month, just the assurance of well-managed finances. And trust me, nothing makes a client happier than knowing they can count on you for this. For pricing, we considered whether a service bookkeeping pricing packages offers a free trial or a free version of its software as well as the affordability of its lowest and highest price tiers. When you have a Small Business Plus plan or higher, you get unlimited online support.

The top three states with the highest freelance bookkeeping rates are Massachusetts, Washington, and Maryland, with average hourly rates of $43.57, $40.18, and $39.09, respectively. We recommend QuickBooks Online, which we ranked as the overall best small business accounting software. If you decide to become certified as a QuickBooks ProAdvisor, you’ll have the added benefit of a free subscription to QuickBooks Online Accountant. It’s important to note that the software you use may affect your rate, as some solutions are more expensive than others.

Frequency of Service

The Accelerated Investment Incentive (AII), which suspends the half-year rule, will continue to apply to eligible property put in use before 2028. The accelerated CCA will not apply to renovations of existing residential complexes, but new additions to an existing structure will be eligible. Projects that convert existing non-residential real estate into a residential complex will be eligible.

The best approach to bookkeeping is to translate the work of keeping your financial records and books in order into dollars. If the cost is similar to that of an actual bookkeeper for performing the same tasks, then it may be better just to pay someone to do the job. Bringing someone on as an in-house full-time employee requires extra costs on your end, such as benefits and health care, whereas contractors are not entitled to these perks. You may not know how long you’ll need someone, but comparing the monthly bookkeeping cost of a contractor versus an in-house employee is the best way to see this angle side by side.