Average Cost for Bookkeeping Services: A Comprehensive Guide for Business Owners

Different industries also require different services, which can affect the overall cost. The type and number of certifications a bookkeeper has can impact the actual cost of their service. However, be aware that business size does affect a bookkeeper’s workload and may lead to you paying more or even for a second bookkeeper to alleviate some of that burden. There are many aspects of being a business owner that drive success.

The cost of a bookkeeper can vary depending on if you hire a freelance bookkeeper or a bookkeeping service. One of the first departments to slip through the cracks is often bookkeeping and accounting. Even if you’re “not a numbers person,” or even running a not for profit operation, there’s no denying that it’s cash flow that keeps your business afloat. When you do it yourself, you may miss things or make costly errors. Plus, bookkeepers will ensure you’re in compliance with local and federal laws (which can ultimately save you money in the long run).

Tired of adding bookkeeping in your to-do-list?

At BELAY, our model is a set subscription paid on the first of each month. That subscription is set and based on an agreed-upon scope of work, and will not incur additional fees bookkeeping pricing packages based on transactions or report requests. With the idea of hiring a full-time accountant on your roster now put to bed, let’s consider what kind of bookkeeping you may need.

Your bookkeeper will go over your reports to help you understand your financial situation, but may not provide financial or business advice (even if they’re a credentialed CPA). Because your bookkeeper can’t represent your business before the IRS, they can’t give tax advice or guidance. Your bookkeeper categorizes transactions and reconciles accounts for you, freeing up time to focus on your business. Have a bookkeeper categorize expenses, reconcile accounts, and close your books with guaranteed accuracy, so you know where your business stands. We are experts in accounting and are ready to serve all of your bookkeeping needs.

Best accounting software for small businesses, now with Live Bookkeepers!1

If you are then you are already paying for the cost of bookkeeping, but in your own time. You have a team of 10 full time employees and 10 part time contractors. You also have loans that you’ve taken out to help pay for inventory that you’re paying off every month.