How much does a bookkeeper cost?
A business with a couple of bank accounts and a handful of employees can expect to pay between $300 and $500 per month for bookkeeping services. This cost varies depending on factors like transaction and invoicing volume and the complexity of the bookkeeping required.
1) How much does a bookkeeper cost?
On average, small businesses can expect to pay between $300 and $500 per month for bookkeeping services. Keep in mind that costs will vary depending on certain factors:
The volume of transactions affects the amount of time required for data entry, reconciliation, and reporting.
Managing multiple bank accounts and credit cards increases the complexity of financial records.
Businesses with several employees can incur higher costs for payroll management.
The number of invoices generated each month can affect the cost of bookkeeping services.
Specialized services like tax consulting, financial analysis, inventory tracking, and accounts payable management typically command higher fees.
Bookkeeping services in areas with a higher cost of living or higher labor rates may have more expensive fees. (Pro tip: Working with a virtual bookkeeping firm like SnapBooks eliminates this problem!)
2) What are the different pricing options for bookkeeping services?
While most of our clients enjoy the security of fixed monthly rates for bookkeeping services, others prefer the flexibility of hourly rates for ad-hoc account management. For large businesses requiring specialized services, some accounting and bookkeeping firms may charge a percentage of your overall income.
At SnapBooks, we provide flexible monthly pricing options for businesses of all sizes:
Small Business: starting at $150/month; perfect for sole proprietors or small businesses with a single bank account, one credit card, and fewer than 100 transactions a month
Growing Business: ranging from $250–$500/month; ideal for businesses with 2–4 bank accounts, 100–500 transactions each month, payroll for up to 7 employees, and invoicing for up to 10 clients monthly
Established Business: priced between $500–$1,000/month; great for larger companies with 4–6 bank accounts, 500+ transactions monthly, payroll, and accounts payable management
Enterprise Business: starting at $1,500+/month; designed for large, complex organizations that require custom bookkeeping solutions, high transaction volumes, inventory management, and in-depth reporting and analysis
3) How do I choose the right bookkeeping service for my business?
Don’t overlook a key fact: not every bookkeeper offers accounting services, and vice versa. You may find the best bookkeeper in the world…and still find yourself shelling out extra when you need an accountant!
When you partner with a firm like SnapBooks, you’ll enjoy bookkeeping and accounting expertise under one roof. This approach streamlines your financial management and eliminates the hassle of finding a separate accountant, saving you time and money.
We offer a comprehensive solution to your financial needs, minus any unexpected extra costs. Our friendly and helpful team can handle everything from day-to-day bookkeeping tasks to more complex accounting needs. Plus, we’re QuickBooks Online Certified ProAdvisors and love using this industry-leading software. If you’re looking for accurate and efficient financial management, we’d love to hear from you!
Welcome to SnapBooks! We’re a virtual accountant firm specializing in outsourced bookkeeping services, payroll for small businesses, and small business tax prep. Whether you’re a small business owner or running a growing company, we’ll help you stay on top of your finances with expert support and accurate, real-time numbers.
If you enjoyed this article, you might also like ‘How to hire a bookkeeper’.
If you’re a business owner interested in learning more about our accounting and bookkeeping services, we’d love to help. You can request a custom quote here.
If you’re looking for help with tax prep, you can book a call directly with one of our tax prep experts here.
