Bookkeeping Pricing Packages & Plans Bench Accounting

bookkeeping pricing packages

When considering which services to include in a package, focus on the ones you can standardize for any client. Yours will be determined after an interview with one of the Chief BooXkeeping Officers. Velan has been able to develop alongside us as we transitioned from a single product to a multi-product business. The team knows e-commerce enterprises and has industry understanding of the systems we should employ to make our bookkeeping go smoothly.

  • Asking yourself these questions is vital to knowing the right bookkeeping pricing for you.
  • Connect with experts year-round for advice and guidance, with best-in-class tools to support you as your business grows.
  • From taking mundane tasks off team members’ plates to helping with advanced training or QuickBooks data challenges, our support is tailored to your business.
  • According to Glassdoor, it costs about $42,000 a year to hire a bookkeeper for your small business.

The on-boarding or Starter package pricing starts at $500/month, the Standard package is priced at $750/month, and the Pro package is priced at $1000/month. Besides that, we can also advise you on the bookkeeping price packages we offer and see which one fits your business the best. Zeni supports unlimited transactions from unlimited accounts for a flat monthly fee.

Costs for bookkeepers vs. accountants vs. CPAs

Tech makes once time-consuming work quick, and in many cases, effortless. This means that regardless of a service’s value to your clients, you’re capping your pricing based on how long it takes to deliver that service. Becoming certified in your accounting software is a green light for business owners. They’ll be more inclined to pay higher fees if they see you’ve been endorsed by well-known software companies, especially if it’s the software that they use for their accounts. We can complete accrual adjustments like tracking accounts receivable and/or accounts payable, unearned revenue tracking, and more with our specialized accounting add-on.

Bookkeeping refers to the daily and monthly recording of transactions, including maintaining the ledger, supporting payroll, categorizing transactions, etc. It an involve reporting on, assessing and leveraging financial information (from regular bookkeeping) to help inform business strategy, create financial models and more. In addition, a workflow management system can help you to allocate resources more effectively, ensuring your staff is always working on the most important tasks. Ultimately, a workflow management system can save you time and money, making it an essential tool for any bookkeeping firm. You can bill incrementally by creating invoices each month for the services rendered during the prior month. You can also calculate the average monthly cost for the year and bill your clients a flat fee each month (which is calculated in the template).

Cleanup My Books

Get investor-ready with bookkeeping, tax, financial analysis, and more from a dedicated team of experts. If you’re unsure if cash basis bookkeeping will work for your business, talk to us. We’d be happy to understand the needs of your business and determine if Bench is a good fit bookkeeping pricing packages for you. During your demo, we’ll walk you through the services included in each Bench bundle to determine which is the best fit for your business. Using pricing psychology and the concept of anchoring, present your highest-priced package first to set the client’s expectations.

bookkeeping pricing packages

When deciding if you should do your bookkeeping yourself or hire outside help, the decision is entirely up to you. For example, if you have the time to handle bookkeeping yourself, you might continue to do so to save money. On the other hand, if you’d like to use the time you spend bookkeeping focusing on other aspects of your business, then the cost of a bookkeeper may be worth it.

Types of bookkeeping: Basic vs. full-service accounting

For many smaller businesses, quarterly bookkeeping is all you need and a better option in the long run than only looking at your books once per year at year-end. Businesses make great use of the financial data that is made available by accounting to drive their success. This crucial financial data is obtained through competent bookkeeping services. Since it drives the decision-making process, you should now understand how important it is to have quality bookkeeping services.

They were able to take a lot off my plate, allowing me to focus more on providing excellent service to my clients. After our initial call, we will iron out the exact details and needs of your business before introducing you to a personal accountant and bookkeeper dedicated to servicing your needs. But our ability to offer high quality bookkeeping services at such a low price is due to a combination of our focus, experience and technology. In-house accounting, on the other hand, gives you peace of mind knowing that someone you know and trust is handling your books and financials. The only drawback of paying a full-time accountant is that you may need to offer them employee benefits.

Maximize Your Tax Deductions Return

These tasks might require different certifications, specialized skills, or additional time, which means they can be billed at a different rate. Our agency’s bookkeeping services integrate with the major bookkeeping software that includes, but is not limited to, Freshbooks, QuickBooks Online, and Xero. If you are currently using a different bookkeeping software that we are not integrated with, we can confirm first if we support the software that you are using.