Well, there are many reasons why outsourcing your bookkeeping tasks to a professional can be beneficial for your small business, such as: You might be wondering, why should I hire a professional bookkeeper when I can do it myself? It’s about telling the story of your business and helping you make better decisions.” The Benefits of Hiring a Professional Bookkeeper for Your Small Business “Bookkeeping is not just about keeping track of numbers. As Mark Gandy, a CFO and bookkeeping expert says: Hiring a professional bookkeeper can actually save you money in the long run. (Source: bls.gov)”īut don’t let these numbers scare you. “The median annual wage for bookkeeping, accounting, and auditing clerks was $45,560 in May 2021. For outsourced bookkeeping, the price is from $500 to $2,500 per month for basic bookkeeping tasks.(Source: Freshbooks)” For full time services, expect to pay from $3,000 to $4,500 per month without the benefits. “Part time bookkeepers will charge between $400 and $800 per month for basic bookkeeping, excluding the benefits. To get a more accurate quote, you’ll need to contact several bookkeepers and compare their rates and services. However, this is just a rough estimate and may not reflect your specific situation. Additionally, some bookkeepers may work in-house or remotely, which may affect their rates.Īccording to some sources, the average cost of bookkeeping services for a small business ranges from $500 to $3,520 per month. For example, some bookkeepers may offer monthly or quarterly services, while others may offer hourly or project-based services. Services Offered: Bookkeepers may charge you based on the frequency and duration of their service.For example, some bookkeepers may offer only data entry and reconciliation, while others may offer more comprehensive services such as payroll, invoicing, reporting, and tax preparation. The scope of work: Bookkeepers may charge you based on the number of transactions, the complexity of the work, or the type of service they provide.The bookkeeper’s experience and credentials: Bookkeepers with more experience and higher qualifications may charge more.Location: Bookkeepers in different locations/regions may charge different rates based on the cost of living and the demand for their services.The cost of bookkeeping services for a small business can vary depending on several factors, such as: One of the first questions that probably pops into your mind is: how much does a bookkeeper cost? Ready to take off the bookkeeper hat? Let’s get started!Ĥ The Bottom Line How Much Does It Cost to Hire a Bookkeeper? How to find and choose the right bookkeeper for your small business.The benefits of hiring a professional bookkeeper for your small business.The average cost of bookkeeping services for small businesses.In this blog, we’ll answer these questions and more. A professional bookkeeper can save you time, money and stress.īut how do you find a bookkeeper who suits your needs and budget? And how much should you pay for them? That’s why a lot of businesses like to outsource bookkeeping tasks. – Warren Buffett, chairman and CEO of Berkshire Hathawayīookkeeping is the process of recording and organizing your financial transactions to keep track of your cash flow, prepare tax returns, and make smart business decisions.Īt the same time, bookkeeping is time consuming, tedious, and complex. Running a small business is no easy feat, but knowing how much to invest in bookkeeping can save you headaches and keep your finances in check.Īccounting is the language of business.
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