Finally, the breadth of services you provide is a huge part of figuring out your bookkeeping pricing packages. So, before you weigh up the different packages that might resonate with your clients, consider the services you can or want to offer. Setting a price for your bookkeeping services is something of a fine art. On the one hand, you’ve got to cover your expenses and add in a healthy profit margin to make running your business worthwhile. However, push things too far, and you run the risk of turning off potential clients and getting savaged by your rivals. Before selecting from bookkeeping pricing packages offered by an accounting service company, consider the following criteria.

Value-based pricing

It all boils down to bookkeeping pricing options to choose from. LYFE Accounting allows flexibility that lets you grow and develop at your own pace. You don’t need to go for a pricey hourly rate or high tier package right away. You can start with our $500 Starter package, and you are guaranteed to get quality bookkeeping services. Their bookkeeping services alone provide valuable, time-saving support from bookkeepers, accountants, and CPAs.

Factor in Your Expenses

Whatever your situation, there’s a bookkeeping package out there to fit your needs. How many bank accounts, credit cards, or payment processors are you juggling? The more accounts and transactions, the more work involved, which can bump up the pricing. Our goal is to get you due diligence ready, and we charge an onboarding fee to get your financials and books in order. There may be additional costs to correct previous months’ financials.

Add Catch Up bookkeeping to any Bench plan

• In this guide, I’ll describe how to package bookkeeping services in a way that’s highly profitable but also very appealing for your clients.
• It’s future-proof and focuses on the client’s gains, but it requires a good understanding of their business to price correctly.
• Not only that, but we can also offer advice on what steps you can take to maximize profitability.
• A strong alternative to hourly billing is fixed-rate (or flat-fee).
• This is regardless of the bookkeeping rates that you will avail of from our agency.

To set the correct pricing, you need to start by assessing the various factors that affect your rate. Some startup bookkeeping price packages are more impactful than others, but they should all be considered. Value-based pricing, instead, rewards experience and tech fluency.

Level of Experience

Regarding the flat hourly rate, ZipRecruiter figures for June 2024 puts the average hourly pay for a US bookkeeper at around $25 per hour. A bookkeeping service company must have a track record of both past and ongoing clients. Most small businesses use a program or software to handle their accounting and bookkeeping work. So it’s important to tell your prospective bookkeeper what you are using (or not using) so they can do their best to adjust to your needs.

Automate common bookkeeping tasks and grow your client base

• Bookkeeping package pricing can differ according to geographic location.
• With online bookkeeping, you can manage financial transactions, balance accounts, and prepare for tax season.
• 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.
• The bookkeeping services we provide for small businesses and individuals produce tax-ready financial statements.
• As a startup, you have to focus on your product and customers, and Kruze takes care of everything else (which is a massive sigh of relief).
• We actually want to talk to our clients (although we also understand if they are too busy to to talk – building a startup is a lot of work!).
• Though you don’t need to be a certified CPA as a bookkeeper, there are still certifications you can gain to justify a higher fee for your services.

This is necessary for setting realistic pricing for your various service packages. Consider factors like transaction volume, industry complexity, and the level of bookkeeping expertise required. This template also incorporates automatic calculations to maximize your time and ensure accuracy. Simply input your chosen rate (hourly or flat fee) and the estimated time required for each service. The template will then calculate the total cost for that specific service. However, there are slightly more sophisticated ways to package your bookkeeping services that encourage repeat clients, and maximize profits.

What is the difference between bookkeeping and accounting?

I highly highly highly recommend working with Vanessa and her team. In sum, what you spend on Accounting & HR for your startup depends on your unique situation. But just to give you an idea… If you are a Seed Stage DE CCorp startup based in SF, NYC, or Chicago, have 10 FTEs, ~400 transactions a month and no accruals… I’d say ~$500 per month to ~$750 per month. Our timesaver package will provide you with a proactive partner who will handle your accounting needs while you focus on business. Get in touch with us today to learn more about our monthly bookkeeping options.

You need to thoroughly evaluate what it will cost for you to offer your services. If there’s only one service they have to provide, it is bookkeeping, which is the core process of any financial accounting. Monthly Financial Statements include P&L, Balance Sheet, and Statement of Cash Flow. Management Reports include P&L Balance Sheet, Statement of Cash Flow, Accounts Receivable and Accounts Payable Aging Reports, and Performance Reports. Merritt Bookkeeping only offers one package at a flat rate of $190 per month.

So, doing a recurring call, making sure we are keeping up with questions, is really powerful. The higher priced bookkeeping packages provide time for the founder to connect with the accounting team. This will allow you to invest the time you would have spent on DIY bookkeeping on other critical aspects of owning and managing a business. It’s important to review the best bookkeeping price packages that best suit your business. The services offered here include managing the general ledger, reconciling accounts, AP and AR, payroll processing and management, tax compliance, and more. As we mentioned earlier, bookkeeping pricing packages offer a particular service at a flat price.