But, it’s better to charge on a fixed price rather than hourly. Before setting a price, you have to understand what holds value for your clients. While you, as a bookkeeper, might focus on factors like time spent, cost, and profit margin, your clients are primarily concerned with different aspects.

$600 per month

Significantly grow your bank account with this small shift in focus. Instead of a sales pitch, guide a discussion highlighting the value you deliver and how you can help clients achieve their goals. Our goal as bookkeeping price packages entrepreneurs is to figure out what is the maximum that they are willing to pay and we need to remember that everyone is willing to pay a different price. You’ll have your Profit and Loss Statement, Balance Sheet, and Cash Flow Statement ready for analysis each month so you and your business partners can make better business decisions. All plans cover the accounting essentials, with room to grow.

Add Catch Up bookkeeping to any Bench plan

• A strong alternative to hourly billing is fixed-rate (or flat-fee).
• If your firm is stuck competing on cost, the problem isn’t your pricing.
• Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books.
• This ties into client size and is a good way to stay transparent while correctly charging larger clients.
• When it comes to pricing, clients are only willing to pay a premium for a service they perceive as truly valuable.
• This is mainly because experience and job performance tend to be directly related.

That’s true whether you were paid an hourly rate or a salary. Naturally, you continue with a similar price strategy with your own accounting practice. This could involve your experience, specialized skills, exceptional client service, or a focus on specific industries. By emphasizing your strengths and the value proposition you offer, you can attract clients who are willing to pay well for your expertise. Businesses located in bustling economic hubs are more likely to pay premium bookkeeping fees, especially if they require specialized services or complex financial management.

Payroll Set Up

At Kruze, we’ve built our own, in-house automation called Kruze Keeper, which automatically recognizes the text from the bank feed for most transactions, about 75% of the assets = liabilities + equity transactions. Kruze Keeper can automatically get those transactions into QuickBooks without an accountant having to touch it. This helps us keep the cost of delivering bookkeeping services down. We recommend ONE accounting firm to handle all of this for your seed-stage company. That way you avoid tedious coordination between your bookkeeper and tax accountant.

Fixed Rate

• As the number of employees increases, paying them becomes more challenging.
• Before selecting a company, be careful not to be swayed by the low bookkeeping pricing package.
• Price anchoring is a strategy that plays on a buyer’s tendency to inherently compare information.
• Working with Zeni gives you 24/7 access to our team of experienced bookkeepers, accountants, tax advisors, CFOs, and financial planning and analysis experts.
• Are you constantly struggling to keep up with your bookkeeping?
• Any good, qualified bookkeeper can keep your books up to date, especially if they’re members of the Certified Professional Bookkeepers of Canada and the National Payroll Institute.
• This streamlines workflows for your team and helps them build their expertise on your core services.

Its price anchoring ranges from $30 to $100 for billable hours. However, it’s important to note that this price varies depending on the volume of work, the bookkeeper’s experience, and the range of services offered. On the other hand, some bookkeepers and firms specialize in offering specialized bookkeeping due to their knowledge in that particular field. For example, they might have specialized financial management knowledge of nonprofit organizations. This gives them a unique understanding of the accounts compared to other bookkeepers.

Project Rate

Additionally, the office space charges are high even for a limited space compared to a virtual or rural office. It allows you to adjust your fees without painting yourself into a corner, which can happen if you provide quotes to clients when you don’t know the details of their business. For certain jobs, it’s wise to make this fixed-fee model scalable. For example, you might process a certain number of transactions for one cost, but going over that incurs a different fee. This ties into client size and is a good way to stay transparent while correctly charging larger clients.

With 1-800Accountant bookkeepers, you can save both time and money so you can focus on your business’s core functions. This bookkeeping service integrates all your eCommerce sales channels into QuickBooks Online or Xero. They make it all plug and play, no matter what state your books are currently in. You get your financial statements every 15th of the month.

• This simplicity makes it a good option for new bookkeepers or those with clients whose bookkeeping needs fluctuate month-to-month.
• Learn how to build, read, and use financial statements for your business so you can make more informed decisions.
• The larger the business, the more transactions there are, which means more work for the accountants and more time allocated to evaluating the financial statements.
• For example, they might have specialized financial management knowledge of nonprofit organizations.
• This type of accounting pricing package makes efficiency important because the longer the service takes to complete, the higher the amount you pay.

All of our packages include support with Record Keeping for Small Business our knowledgeable staff. We’ll let you know which payments are due, and when they’re due, and we know how to forecast to help keep you out of trouble. With Platinum Bookkeeping and Tax, you gain a valuable and critical line of sight into the financial health of your business. I recommend using value pricing instead of implementing the typical hourly rate pricing. Professional services and accounting tasks will be included in each of the Bronze, Silver, and Gold tiers. Think about the services which are necessary for you to offer in each tier to get the perfect outcome for your client.