How Much Should a Bookkeeper Cost?
Well, that’s a good question with a different answer depending on what you’re looking for.
For example, if you believe in the old, traditional model of having an in-house accountant in your office at all times, regardless of whether you actively need them or not, you need to pay them a competitive salary, which in 2022 was anywhere between $82,500 to $541,000 (at the very top end) according to Salary.com.
In addition to the hourly or monthly rate that you have to pay them, it’s also worth considering any additional costs that may be associated with hiring a bookkeeper. These could include things like software fees, training costs, office space and equipment, or expenses related to travel or other out-of-pocket expenses.
It’s important to consider the scope of work and level of experience when determining the cost of a bookkeeper, and whether those match your needs. Prices can vary significantly depending on the size and complexity of the business, as well as the bookkeeper’s level of expertise and the type of services they are providing.
But, how much a bookkeeper should cost in 2023 is different from how it was before.
The pandemic proved companies will do better if they are leaner, and outsourcing the extra work to experts who will cost a fraction of the price of an in-house CPA will save the company time and money to focus on growing and developing the business.
Related: What Is An Outsourced CFO?
There are many outsourced bookkeepers you can look into handling your businesses needs.
For example, K9 Bookkeeping offers packages starting at $109 per month for those with smaller needs, and provides a comprehensive range of services, including things like payroll, accounts payable and receivable, financial reporting, budgeting, and tax preparation as well. They cater to the full spectrum of those who need bookkeeping services, offering bookkeeping for truckers, mom-and-pop shops and everything in between. Their experience, qualifications and testimominlas are a testament to their capabilities and the quality of their services- for a fraction of the price of an in-house CPA.
Related: Why Should You Use K9 Bookkeeping?
Ultimately, the cost of a bookkeeper should be based on the value they provide to your business. It’s important to shop around and compare prices from different bookkeepers to find the best fit for your needs and budget.
It’s also a good idea to clearly communicate your bookkeeping needs and expectations with potential bookkeepers to ensure that you are getting a fair price for the services you require. Be sure to ask about
We’re happy you found this article informative! Go back to our blog page to find more tips, tricks and guidance on bookkeeping, to ensure your business is financially sound and ready to grow to the next level.
Running a business is hard work, bookkeeping shouldn’t be.
Let our team of professional bookkeepers take care of your books and receive accurate, detailed reports every month. Our team of experts is laser-focused on the latest trends and premier customer satisfaction, so you can always be sure you’re getting the best care and service. Your personal account manager will focus on handling your books, leaving you to focus on growing your business and leading it forward.
Click here to schedule a FREE consultation to join the hundreds of business owners already working with K9 Bookkeeping to help their businesses grow.
