Bookkeeper Cost Consideration
A typical Bookkeeper’s Salary could range from $35,000 -to- $65,000 a year in the United State (US) which is dependent on the employer, location, and experience of the bookkeeper. The Larger the organization the better the compensation package for bookkeepers mainly due to the increased volume of data and transactions and geared towards working with raw data and processing them in accordance with GAAP. This is one of the reasons the Outsourced Bookkeeper for being in demand.
Please do Not be FOOLED by these low-rate scenarios, one must consider hidden costs and which could be in $thousands of dollars.
Bookkeeper Hiring Price
So how much does a bookkeeper charge for the monthly services? There is tremendous variation in the Pricing being Charged by the Bookkeepers based on the wide range of services considered.
Let us just look at Two scenarios:
First, the Per Hour rate Charged by the Bookkeepers
This is more of a generic or some may call it the traditional approach of pricing bookkeeping and/or accounting services. It is also known as Time-based pricing, where a particular bookkeeper/accounting firm bills clients by tracking every hour spent on a project or daily/weekly/monthly tasks. Thereafter, surprise the client with a magical list of services performed along with the hourly rate.
Wouldn’t that be a Surprise from Hell!
Advantage for Bookkeeper: Great for bookkeeper and/or accounting service provider
Disadvantage for Customer: You as a valued Client receive a surprise bill at the end of the contract term or the engagement period ends
We at FACTS – SOLUTIONS discredit any surprise billing, in fact, we do not have a system or process to surprise our clients. [NO Surprise Billing – at all].
The small to mid-sized companies need to focus on profitability in order to survive and/or be geared to scale growth in such a tough economic environment. We initiate and engage cost-effective approaches for the services we offer through concentrated FACTS – SOLUTIONS customized pricing modules to meet the specific organization’s expectations and requirements.
FACTS – SOLUTIONS will employ expert professional service to support your small business and keep your entity books accurate. This will help small businesses to use reliable financial data to fulfill financial effectiveness and accurate reporting of the financial statements for turnaround decision making.
With the economy back up and starting to engage the economic engine. It’s also time for the Small Business Accounting and/or owners to prepare for the ongoing tax filing and management reporting.
We are USA Based company that enables our business partners (i.e., clients) who can research us easily.
