#Bookkeeping services for small business professional
Like many other services, it’s often cheaper to outsource bookkeeping to a professional rather than hire an employee to do the job in-house. Outsourcing bookkeeping services typically cost between $300 and $5,000 per month (or more), depending on the size of your business and the specific services they provide. How Much Does it Cost to Outsource Bookkeeping Services? There are plenty of options out there to find a bookkeeping package that will meet your needs no matter how big or small your business is. If you only have a few employees and don’t do a lot of transactions or have hundreds of invoices to go through, you should be able to get by with part-time help.īy the time your business reaches the size where you may want to consider a full-time bookkeeper, you may find that your best bet is to outsource to a firm or larger company. The good news for most small businesses is that they don’t need full-time bookkeeping services. That can mean tens of thousands of dollars in insurance, paid time off, and other employee benefits you’ll have to pay for. You’ll also have to consider the cost of benefits if you hire a full-time employee to do your bookkeeping. Hourly Rates In the Different StatesĬost for In-House Bookkeeping (not including benefits) Part-Time Bookkeeper (60 – 96 hours per month)įull-Time Bookkeeper (160 hours per month) The average hourly rate for bookkeeping is between $18 and $25 per hour, depending on the exact services provided and the bookkeeper’s skill level or experience. In today’s remote work, many companies hire bookkeeping services in states like Florida, which have no income tax and lower cost of living. While part-time bookkeepers would earn around $2000 per month on average. On average, hiring a full-time bookkeeper will cost around $5000 a month or $60,000 per year. For example, a small business with fewer clients and transactions will normally cost less than services for a large business with more to keep track of.
Your business will also influence how much these services cost. The bookkeeper’s exact services will also impact the cost, along with how experienced the bookkeeper is and their reputation. This would cost less than hiring a full-time bookkeeper, but you should also expect fewer services.
For one, you may choose to have someone provide services on a part-time basis. Professional bookkeeping services can be expensive, but the cost depends on a few different factors.
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