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How Much Should You Be Paying a Month for a Bookkeeper for Your Small Business?

Having a skilled bookkeeper managing your financial records can be a real asset to your business. They keep your finances in order, which can save you time and money in the long run. But how much should you expect to pay monthly for these services? The answer depends on several factors, including the size of your business, the complexity of your financial transactions, the experience and qualifications of the bookkeeper, and the region that your business is located.

Factors Affecting Bookkeeping Costs

Business Size and Complexity

The size of your business and the complexity of your business transactions have the biggest impact on the price you will pay for your business bookkeeping services. If your business has straightforward financial transactions, such as a limited number of sales and expenses each month, you may only need basic bookkeeping services. If you run a larger or more complex business that involves more complex financial activities, such as inventory management, multiple revenue streams, or international transactions, you will need more comprehensive bookkeeping services.

Bookkeeper’s Qualifications and Experience

Depending on your needs you may choose to work with a bookkeeper or a certified accountant. Bookkeepers have a lower hourly rate and CPA’s come with a higher hourly wage.

Your Business’ Locations

The cost of bookkeeping and accounting services can vary significantly based on where you are located. If you’re a business owner in a metropolitan area you can expect to pay more than a business in a more rural area.

Given these factors, here’s a rough estimate of what you might expect to pay monthly for bookkeeping services:

Basic Bookkeeping for Small Businesses:

  • A reasonable estimate for bookkeeping service for this type of business would be $400 – $600 a month

Moderate Services for Growing Businesses:

  • A reasonable estimate for bookkeeping service for this type of business would be $600 – $1900 per month.

Comprehensive Services for Larger Small Businesses:

  • A reasonable estimate for bookkeeping service for this type of business would be $2000+ per month.

Looking for an Affordable Small Business Bookkeeper?

At LedgersOnline, we understand the importance of tailored bookkeeping solutions for your unique business needs. Our experienced bookkeepers offer personalized services to keep your records accurate and up-to-date, empowering you to make informed decisions. From sales and payroll tax filing to reconciliations, expense reports, and customized financial reporting, we can do it all. With competitive rates, virtual services, and a commitment to excellence, we’re here to support your business every step of the way. Schedule a consultation with us and let find you a package tailor made for your business’ needs and budget.

Connect With A Member Of Our Bookkeeping Team

Call Us Directly: 1-855-998-3041
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