For business owners who don’t mind doing the data entry, accounting software helps to simplify the process. You no longer need to worry about entering the double-entry data into two accounts. Accountants and certified public accountants (CPAs) charge different amounts based on their years of experience, location, and the industry they’re serving. So, if you’re a small-business owner in need of non-specialized accounting services, you can expect to pay an accountant anywhere from $150 to $450 per hour on average. In this article, AdvisoryHQ will look at bookkeeping services fees and small business accountant fees to help small business owners understand the cost of average accountant fees. Our monthly bookkeeping fees include a one time setup fee of $150.

Business owners or accountants can then use these statements to gain insight into the business’s financial health. The cost of hiring an accountant varies, depending on your company’s needs and the accountant’s accounting and bookkeeping services expertise and certification. If hiring an account is beyond your budget, consider using an accounting software instead. For more information, check out the best online bookkeeping services for small businesses.

Why Outsource Your Monthly Bookkeeping Services

The average price of outsourcing your bookkeeping needs ranges depending on the number of transactions and complexity of services required. A key benefit of Outsourcing is it gives you the ability to customize the services you receive to your bookkeeping needs. You can calculate the time spent on bookkeeping tasks and translate that into dollars. If you spend too much time on bookkeeping, it’s easier to hire a bookkeeper to keep track of your financial records, financial statements, and other elements.

• Bookkeeper salaries vary state by state (see our chart below), and depending on where you live, you could be paying a large difference in one place versus another.
• Because the funds are accounted for in the bookkeeping, you use the data to determine growth.
• For example, you’d have one for tax returns, one for financial reports, one for payroll.
• Whether you’re a self-employed professional, a business with employees, a business with contractors, or a freelancer, you can benefit from FreshBooks’ services.
• If you hire self-employed bookkeepers from another country, you can also experience major cost differences.

And because you’re giving them a quote prior to starting the work, prospective clients won’t be surprised by any hidden costs. With tech taking up so much airspace in modern accounting, those who are fluent users are quickly outpacing those who aren’t. In a survey by PracticeWeb, 66% of clients surveyed said they would pay more for a ‘tech-savvy’ accountant. However, if your business is growing or if you have plans to expand, then hiring an experienced bookkeeper or accountant may be a good idea.