In that case, $15 to $25 is a reasonable hourly rate. The $20 figure we mentioned is if you are employing a bookkeeper, meaning they receive a W2 tax form. They will have to pay their own taxes, purchase their own insurance plans, manage their business expenses (possibly including an office), and support their lives. Freelance BookkeeperĪ qualified bookkeeper who is operating independently will likely charge more. Let’s compare some of the costs you should expect to pay depending on who you hire. This doesn’t necessarily mean you should expect to pay that. However, the average hourly rate for a bookkeeper is just over $20. You may be wondering how much do bookkeepers charge? The cost for a bookkeeper will change dramatically based on a number of factors, including location, experience, education, and employment status. Average Cost Of Outsourced Bookkeeping Services You’ll also be able to discuss alternative services the company may be able to offer you. Throughout the ongoing process, you will always be able to contact your account manager with any questions or concerns that are brought up, and you can always request greater insights into your finances. All of this will be done conveniently behind the scenes without even knowing it. You’ll then receive financial statements once a month with personalized insights into where your company’s money is going. You’ll have a dedicated account manager, who will be your main point of contact, and they will connect all of your financial accounts and pull all of your financial data into one platform.įrom there, a team of accountants and bookkeepers will work together, using the right software, to record and track all of your business spending and earnings. You will be working with a team of dedicated professionals who work in tandem to get you the results you need. They should make sure your books are always kept up to date and that the proper technology is being used, and they should be able to provide accurate and regular financial statements to your investors and management team. It’s common for these services to track your bills, follow your credit statements, and protect your financial data in a secure location for only you and your team to access. So, what do bookkeepers do? Bookkeepers play the important role of tracking your finances and creating insightful financial statements to help you make more informed decisions regarding your company’s money. If you’re looking to hire a freelancer or a bookkeeping company, they can be easy to vet. Not having to go through onboarding processes, limiting overhead costs associated with employment, and having a reliable location where that information is stored. Outsourcing these services has several benefits, too. There are plenty of other reasons to hire bookkeeping services. The thing is, those are just a few examples of the benefits. Taking some of the burden of an IRS audit, profit tracking, and business analysis off your shoulders is worth every penny you spend on those services. If you’re trying to scale your business, this is invaluable. If you find the right bookkeeping team, you will take a lot of stress off your back and you can even get insights into where your money is going and where you can save. We all know that bookkeepers play an essential role within almost any company, so choosing the right people for the job is important. Let’s briefly discuss why you should consider hiring a bookkeeping team from outside your company. Why You Should Hire An Outsourced Bookkeeping Team Well, with outsourced bookkeeping available to you, it’s very important to know why you need it, what it costs, and what you should look for. There’s a reason there are over 1.7 million bookkeepers across the US helping small businesses just like yours. The word “hard” can even be switched with “impossible”. If you’re running a small business, it’s hard to focus on marketing, quality, customer relations, vendors, and accounting.
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