Free Bookkeeping Pricing Template Guide

Still, from state-to-state in the US, there are significant differences. For example, in Massachusetts, in-house bookkeepers earn 20% more than the national average, whereas in Kentucky, they earn 22% less than the national average. During your demo, we’ll walk you through the services included in each Bench bundle to determine which is the best fit for your business. As Forbes Advisor’s Editorial Director of Growth Projects, Emily looks after driving editorial innovation and audience engagement through new channels. She’s also held roles with CNN Underscored, launching the Travel vertical, and as the Global News Editor at The Points Guy.

Exceptional Bookkeeping Services With Real Experts For The Job

We offer a tailored approach so you only pay for the services you need. A good number of small businesses and individuals trust us for their accounting and bookkeeping services. We have a team that is known for its experience and skills and possess the top quality efforts that they exert for each of our clients, regardless of who they are. Around 70% of the startup founders and business owners we work with previously used a traditional finance firm to handle their bookkeeping and accounting.

Factor in Your Expenses

Hourly rates for part-time in-house workers average $20/hour, depending on job description and location. They generally perform basic accounting tasks and need to be supervised and managed and bookkeeping price packages the bookkeeping transactions will take care. Another option is to offer an hourly rate for the first job with a new client. Once you feel comfortable with their business and how they work, then use those hours to calculate a fair value-based fee to charge in the future.

Level of Experience

Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support. When you’re just starting out, it might be tempting to determine how much you want to earn per hour and back into your pricing from that point. Instead, you need to ask yourself how much value you provide for your client. If you can do the job more efficiently or insightfully, you’re likely adding more value for your client than your hourly wage goal.

• Consider your clientele and group them based on company size, number of employees, number of monthly transactions, industry requirements, and how complex their finances are.
• Online bookkeeping prices vary greatly from service to service.
• A tool like Financial Cents automates many of the repetitive tasks that you have to perform, such as requesting documents from clients and following up with them.
• If you’re a small firm owner just starting, you may want to consider charging less than someone who has been in the business longer.
• Think about the services which are necessary for you to offer in each tier to get the perfect outcome for your client.
• The challenge though, can be persuading your clients to agree to it.

Sales Tax Reporting

The team knows e-commerce enterprises and has industry understanding of the systems we should employ to make our bookkeeping go smoothly. Ian discussers the phases of transitioning to AI in Accounting value pricing (setup, implementation, and execution) and walks you through the process in ten proven steps. There is a fine line between overcharging and undercharging, but the sweet spot does exist and you’ll know when you find it, because your clients will be happy, and so will you. The best way to know if a pricing structure will work for you is by testing it. Noticing trends for the different pricing systems that you test is key to establishing the right balance. You can take into account the client, the job type, your experience, along with many other factors to give a fair quote.

After all, bookkeeping is the process of tracking your business assets, liabilities, income, and expenses. It’s used for making smart and informed business decisions and ensuring continuous cash flow. Choose from four clear bookkeeping pricing packages starting from $60 per month. Each one offers a 100% money-back guarantee on your first payment, a 10% price beat guarantee, and an easy cancellation by email with no fees.

Which Online Bookkeeping Service Is Best for Your Business?

These descriptions give you a better idea of the work and effort required for each service and package. They also help you be transparent with clients about what to expect from each unearned revenue service. Choose a few service package tiers (e.g., Bronze, Silver, and Gold) to fit various types of clients. You can further determine the feasibility of packaging different services together through historical data. Analyze your services and see how many billable hours it typically takes to complete each one.