People, in general, make decisions by comparing one option against another. When you offer one package, clients decide whether to how much does bookkeeping cost engage your bookkeeping services or go with another option. Clients need a variety of services, ranging from basic to complex.
Hourly wages/salary costs, however are not the full story for an in-house hire. You can offer clients tailored advice on the best apps for QuickBooks or build a training program to help educate clients on using QuickBooks Online to add more value to their retainer. These value-added services will help to improve your clients’ financial literacy and help them view you as an important part of their business.
Benefits to Packaging Your Bookkeeping Services
The average hourly rate for freelance bookkeepers ranges from $26.91 to $43.57. Depending on your geographic location, this amount will be more or less than the average national rate of $34.67 per hour. Another option is to work as an in-house bookkeeper, which typically earn a salary of $49,672 per year, or the national average of $24 per hour.
As such, candidates should expect a more competitive landscape if applying for available openings. In terms of cities, the leading destinations for bookkeepers also rank among the largest metro areas in the United States. Notably, Texas has two cities (Dallas and Houston) in the top five employers of bookkeeping, accounting, and auditing clerks among metro areas.
Basic Bookkeeping Costs
There are several certifications you can get as a bookkeeper, but they are not necessarily required. Whether you offer bookkeeping price packages or custom pricing, it is important to determine how many bank accounts and credit card accounts need to be reconciled. Each pricing package should clearly outline how many bank account reconciliations are included and an approximate number of bank and credit card transactions. Strategically shifting from an hourly rate to packages and value pricing bought added $100k+ to her bottom line. With the additional cash flow, she hired a bookkeeping assistant.
In addition to getting certified through the AIPB or NACPB, we recommend that you get certified in QuickBooks. The QuickBooks ProAdvisor certification program is ideal for freelance bookkeepers because it allows you to get certified for free with no strings attached. It’s also arguably the most valuable bookkeeper certification, as the vast majority of small businesses in the US use QuickBooks. Select a state from the drop-down menus below to show the average rate for bookkeepers in that state. Value pricing and bundling is an obvious strategy to boost your bottom line.
