![]() ![]() However, that can vary widely based on what part of the country you are in and factors like workload expectations (number of transactions, accounts, invoices, etc.) and experience level.Ī part-time bookkeeper will still need to be managed by a higher-level employee. The average part-time pay for a bookkeeper is around $20/hour. Plus, since they aren’t working 40+ hours, you don’t have to provide benefits normally associated with a full-time position. Bringing in a part-time employee allows you to have someone in the office working on your finances for a few hours each week, freeing you up to do other things. If you are able to do a good bit of the bookkeeping tasks yourself but just need a little bit of help, this could be a good option. So let’s look at the typical cost of bookkeeping services for each of these categories. Maintaining vendor and client informationĪnd as we mentioned earlier, your options for hiring a bookkeeper fall into one of 3 categories:.Entering transactions into your accounting software.Keep in mind that the basic tasks a bookkeeper is typically responsible for include Once you’ve decided that a bookkeeper is what you need to move your business forward and free up some of your valuable time, the next thing you want to do is make sure you aren’t overpaying for the service. Since there are no certifications required to be a bookkeeper (unlike accountants or CPAs), you’ll want to do your homework on them and definitely check references/reviews.Ĭost of Bookkeeping Services For Small Business ![]() ![]() If you choose to go this route, however, be sure that the person you work with has the skills to accurately and dependably do the job well. And thanks to cloud computing and good accounting software, you can allow a bookkeeper to access your data from literally anywhere. Or if you still prefer to enter your own transactions and just want someone to come along behind you and check your work, they can check in each week, month, or quarter…whatever you want. There are plenty of freelance bookkeepers who will be glad to work with you for a few hours a week if you need it. ![]() So the natural first step is to contract with someone on a part-time or as-needed basis. More than likely, when you’re first looking for some outside help, you can’t justify bringing on a full-time staff person just for bookkeeping (unless your business is rapidly bringing in a lot of revenue). However, as more revenue comes in and there are more transactions to process, the task of keeping up-to-date books accurately quickly becomes too much to handle.įortunately for the overwhelmed business owner, there are lots and lots of people who provide bookkeeping services. In the early start-up days, everything is small and the owner can keep up with it all. Hiring a bookkeeper is often one of the first things small business owners look to do when their company begins to grow. So to help you spend wisely, here’s a deep dive into the cost of bookkeeping services for small business. It will take you wherever you wish, but it will not replace you as the driver.” To quote Ayn Rand: “Money is only a tool. That’s a fair question that shows you’re the kind of responsible small business owner who is staying in control of their spending and on track to succeed. We recently gave you all the benefits of hiring a bookkeeper (as well as the differences between a bookkeeper and an accountant), but even after you’re convinced that a good bookkeeper is what you need you’re next question is probably, “What is this going to cost me?” Just imagine all of the things you could be doing if you weren’t stuck entering receipts and organizing your financials. Bookkeeping services for small business can be a huge time saver. ![]()
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