They also offer different levels or what they call “tiers” that cater to different levels of accounting business needs. Based on the average salary of a bookkeeper, you should be paying roughly $3,516 a month for bookkeeping if you choose to hire a bookkeeper. Keep in mind that this bookkeeping cost per month depends on your bookkeeping needs, where you run your business, and if you decide to hire an in-house bookkeeper or use online bookkeeping services.
Through the categorization, reconciliation, and books close process, your Live Bookkeeper ensures your books are accurate. Your bookkeeper can’t, however, prepare or file your taxes for you as part of your Live Bookkeeping service—even if they’re a credentialed CPA. But with 12 months of accurate books, your finances are accurate and ready to file taxes at year end. You will be able to keep track of your small business’ expenses and revenues with the help of LYFE Accounting’s dedicated bookkeepers. Knowing your profit & loss is essential to keep your business going.
Once you securely connect your financial accounts to the Bench platform, we’ll pair you with a dedicated bookkeeper. If you need to track accounts receivable or segment level bookkeeping, let us know. Join over 25,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench. An accountant familiar with your industry will know how your numbers work. This means they are far more capable of working efficiently and giving you accounting information that they know will help.
If you require the services of a CPA, we also have CPA accounting services that do not require a long term contract. The purpose of bookkeeping is to review your financial statements and make profitable business decisions. In essence, it provides the financial insight necessary to grow your business. With up to date bookkeeping, you will be prepared to make well informed business decisions and have tax preparation.
Money back policy
For example, if you have the time to handle bookkeeping yourself, you might continue to do so to save money. On the other hand, if you’d like to use the time you spend bookkeeping focusing on other aspects of your business, then the cost of a bookkeeper may be worth it. Depending on how much work you have and how bookkeeping price packages long you need services, a contracted worker might be a better option. There is no magic number to know when you’re ready to take on a bookkeeper for additional support. Instead, it’s more of a holistic view of time, resources, and the ability to become more efficient that will make or break your decision.
QuickBooks Live Bookkeeping is, hands down, why I have been able to stop waking up in the middle of the night panicking about the financial end of my business. Learn how our Live Bookkeepers are helping small businesses get more done. Team up with your very own QuickBooks-certified bookkeeper who understands your industry and gets to know your business. The current QuickBooks Live Cleanup pricing (“Cleanup Offer”) expires September 30, 2023. A member of our support team is ready and available to answer your QuickBooks questions. Compare this with the industry standard of handing off your financial information to a third party and waiting weeks to see the report.