The average hourly wage for a bookkeeper in the U.S.To help answer some of your burning questions, take a look at a few average rates: And, you may have a million questions running through your mind like, “How much should a bookkeeper charge per hour?” and “What are other bookkeepers charging for the same services?” After all, there are varying factors that can impact price. How much to charge for bookkeeping is a big question. For one-time clients, you may decide to charge more since you know they may not return and have last-minute requests and needs.Īverage prices for bookkeeping services: Fast facts Typically, you’ll want to charge your more frequent clients at a lower rate because you’re seeing them more often and reviewing their books on a regular basis. Some clients will be a one-time deal, while others may need you on a regular basis (e.g., quarterly).
#Freelance bookkeeping rate in maryland free
Get My Free Case Study! Frequency of serviceĬonsider how frequently you provide services to a client when making up your mind about what to charge. Is it too high? Too low? Use your findings to price your services the right way. Look at the types of services you offer and compare what you currently charge to others. You may also want to increase pricing depending on what services are in demand and when they’re being taken advantage of (e.g., last-minute requests). If a client takes advantage of multiple services, charge accordingly. What kinds of services does your firm offer? Account reconciliation? Invoicing? Catch-up reporting? Taxes? Payroll? The more you offer, the more you need to reconsider the price you charge for bookkeeping services to ensure you’re charging clients the right amount for your services. And, use it as a competitive advantage when it comes to pricing your offerings. So, don’t be afraid to boast about your experience while marketing your accounting firm. Chances are, clients are going to be more willing to pay an accounting firm more money over another if they have more experience.
Some accounting certifications clients may want to see include:Ĭertifications and experience work similarly. If you have special certifications, you may be able to make some price adjustments-and clients may be more than willing to pay for said adjustments if they know it means a higher level of trust and competency. Many clients may be willing to pay a little more in exchange for trustworthy knowledge and training. And in turn, these certifications can increase your expertise (and your pricing). There are a number of certifications you can get as a bookkeeper. If needed, make adjustments to your pricing to reflect costs in your locality or state. So, it’s important to know how much to charge clients based on location.ĭo your research ahead of time to find average rates for services in your state. Price for bookkeeping services can vary from state to state. Location can play a major role in how much you charge for services. When setting your bookkeeping services prices, consider creating different tiers for the size of the client. For example, you may have different pricing for a larger client (e.g., physical therapist) who has $1.5 million in revenue annually than for a small client (e.g., small business) that has an annual revenue of $200,000. Therefore, you generally want to charge a small client less because they have fewer needs.
Smaller clients generate less revenue than medium or large clients. And when one client’s size is larger than another client, you’re going to want to price services accordingly. So, what impacts how much you should charge your clients for bookkeeping services? Here are a few considerations to make when setting your prices:Īt some point or another, you may have clients of all sizes-aka small, medium, and large clients. Otherwise, you could wind up losing clients to other firms (and no bookkeeper wants that). But, you certainly don’t want to overprice your offerings. You should be charging your clients accordingly for your services. You know what they say-“You get what you pay for.” And, that saying holds true for bookkeeping services. How much should I charge for bookkeeping services? 6 Factors to consider But, how much should a bookkeeper charge for services? We’ll break down the factors that go into cost and averages so you can answer the question, How much should I charge for bookkeeping services? Well, at a fair and reasonable price, of course. As an accounting professional, it’s your mission to help your clients keep their books as clean and accurate as possible.
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