Research has consistently found that drug prices in America are significantly higher than those in other wealthy countries. In 2018, they were nearly double those in France and Britain, even when accounting for the discounts that can substantially reduce how much American health plans and employers pay. But if you have the time to dedicate to updating your books regularly, doing your own bookkeeping may be feasible. You may be hoping for the best and have a few college courses in your back pocket. Even with these tools, you may not have the expertise you need to handle the responsibilities of a bookkeeper.

But who wants the task of sifting through receipts and organizing statements when there’s a whole slew of business operations to attend to? It may be time for you to make the executive bookkeeping pricing packages decision of hiring a bookkeeper to take the reins. Once you securely connect your financial accounts to the Bench platform, we’ll pair you with a dedicated bookkeeper.

Get Full-Time Bookkeeping Support at Freelance Prices

And it’s a really good question because there are several variables that make startup accounting more or less expensive. By outsourcing your bookkeeping to us, you can benefit from cost-effective pricing without sacrificing quality. Our pricing for bookkeeping services is competitive and affordable compared to the cost of hiring an in-house bookkeeper. When you hire an in-house bookkeeper, you need to consider the cost of salary, benefits, and ongoing training, which can add up over time.

• This ties into client size and is a good way to stay transparent while correctly charging larger clients.
• This is regardless of the bookkeeping rates that you will avail of from our agency.
• Let clients try the package for a few months at no charge or for a discounted rate in exchange for feedback.
• Maybe their data is poor quality or someone on their team isn’t doing their job meticulously; there are many factors that could impact your ability to deliver a job in the timeframe you accounted for.

Becoming certified in your accounting software is a green light for business owners. They’ll be more inclined to pay higher fees if they see you’ve been endorsed by well-known software companies, especially if it’s the software that they use for their accounts. Accountants maintain a wide range of skill sets, including managing spending and budgets, taxes, and analysis of financial statements. To be exceptional at these tasks, accountants must complete years of training and earn special certifications, which their salaries reflect. Depending on the type of accountant, years of experience, and certifications, you could be paying a pretty penny.

Fixed-rate pricing

That means you’ll never lose access to your data within our platform. All reports can be easily exported to an Excel file to share with your accountant or future bookkeeping provider. The reason behind packaging your services is to improve your team’s efficiency and offer more value to your clients, even as you grow your bookkeeping firm. So, choose the services that give you a more streamlined bookkeeping process to gain these advantages at scale.

Intuit Inc. does not warrant that the material contained herein will continue to be accurate nor that it is completely free of errors when published. As you dive deeper into the bookkeeping process, it may be tempting to blur the lines between your personal and business finances, but it’s not the best idea. By avoiding this, you’ll reduce the risk of triggering an IRS audit and will allow an accurate picture of your business finances. Whether it’s updating your books or keeping in contact with your tax adviser, maintain your business’s financial records and expenses throughout the year.