When you hire an accountant or an accounting service provider to manage your finances, you’re investing in a vital part of your business. Their work is to manage the cash flow, monthly accounting, accounting system implementation and management, and budgeting. Each of these responsibilities play a direct role in allowing you to complete day-to-day business and remain profitable. When you work with Ignite Spot Accounting, you’ll get bookkeepers certified in a variety of popular programs, such as QuickBooks and TSheets.

In a billable hour approach with per hour pricing, you let the clock run and your price is based on the time you spent. You send out an invoice afterwards and hope that you don’t have to deal with any write-downs. Here, if you go out of scope, well, you keep charging accounting and bookkeeping services for the time that you spend. After you understand your client’s needs, you’ll need to define your scope of work before you set your prices. Try us for free—we’ll do one prior month of your bookkeeping and prepare a set of financial statements for you to keep.

Basic Bookkeeping Costs

We’ve put together this guide to help you understand the basics of small business bookkeeping. When you have a Small Business Plus plan or higher, you get unlimited online support. All plans come with onboarding, a dedicated bookkeeper and account manager, reconciliation at month-end, balance sheet, P&L, statement of cash flows and a portal with document storage. Higher-tiered plans unlock more transactions and a more frequent service level. The accounting software used can impact the price of the service. Maybe the freelancer is experienced in a single software and charges a lower rate for it.

Along with considering the above factors when setting your pricing for bookkeeping services, you’ll also want to set up a pricing structure that works for you and your firm. The more you offer, the more you need to reconsider the price you charge for bookkeeping services to ensure you’re charging clients https://www.bookstime.com/ the right amount for your services. You know what they say—“You get what you pay for.” And, that saying holds true for bookkeeping services. You should be charging your clients accordingly for your services. Otherwise, you could wind up losing clients to other firms (and no bookkeeper wants that).