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How Much Does Bookkeeping Cost In-house & outsourced

average cost for bookkeeping services

Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you.

Generally, small to medium-sized businesses expect to pay between $500-$2,500 USD monthly for their outsourced bookkeeping—an dauntingly large range to deal with. However, as your business grows, you’ll find that your time becomes much more valuable and a scarce resource. Hiring bookkeeping pricing packages a bookkeeper can help ensure your records are accurate, your books are balanced, and your invoices are paid on time without you having to do the work yourself. You’ll also have to consider the cost of benefits if you hire a full-time employee to do your bookkeeping.

$3,200 – $5,800 average cost per month (full-time)

The highest referral a business owner can find is from a friend in the industry. If you’re looking at an online bookkeeping service, verify their ratings. Ask how long they’ve been in business, and whether they have accountants on staff to help with the bigger questions. If they do agree to provide retroactive records, you could end up with a pretty hefty bill. The cost of full-service accounting is hefty, and CPAs tend to charge a higher hourly rate than bookkeepers.

average cost for bookkeeping services

If needed, make adjustments to your pricing to reflect costs in your locality or state. Freelance bookkeepers often come from different backgrounds, but this doesn’t mean they necessarily offer lower prices for their services. That’s why it’s important to consider a person who has at least a bachelor’s degree. If you hire self-employed bookkeepers from another country, you can also experience major cost differences. For example, a freelance bookkeeper located in India or other low-cost countries can charge less for their services compared to an independent bookkeeper in Europe or Canada.

How Much Does it Cost to Outsource Bookkeeping Services?

It’s important to have a flexible approach when it comes to bookkeeping pricing, to ensure you’re providing value and meeting the individual needs of each client. After you sign up to Bench, a dedicated member of our team will assist you in connecting all your financial accounts securely to our platform. This enables you and your bookkeeper to work together seamlessly from the start. The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and information with full editorial independence. We use product data, strategic methodologies and expert insights to inform all of our content and guide you in making the best decisions for your business journey. We offer a supportive work environment with a Monday through Friday schedule, even during peak times, to ensure a balanced lifestyle.

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