Bookkeeping Pricing Packages & Plans Bench Accounting

Why would anyone want that with any vendor, let alone your accountant? The reason we do fixed pricing is because we don’t want our clients to be penalized for our incompetence and inefficiency, but we do want to be rewarded bookkeeping pricing packages for our competence and efficiency.” But unless you’re going to move to Boston (and spend all your profit on winter coats), you need to be aware of the standard practice in your area, so you don’t under or overcharge.

• I’m an entrepreneurial CPA that founded Xen Accounting, a100% cloud-based accounting firm, in 2013.
• In value pricing bookkeeping, you are grouping services into bundles for which you charge a set amount.
• To clients seeking accounting services, they may place value in an accountant’s years of experience, the portfolio of clients, industry awards, and level of education.
• So all the time you used to spend chasing clients for information, or finding out where an account is up to, can be reallocated more productively.
• Instead of charging by the hour, you establish a flat monthly fee that reflects the value the client receives.
• Your service goes beyond the data entry tasks that could be handled in-house.

Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you.

More flexible asset depreciation options

The pricing for these clients might be lower, but remember, we’re establishing long-term relationships, and as their businesses grow, so too will their needs (and our compensation). When it comes to running your own bookkeeping business, one of the first hurdles you’ll need to overcome is figuring out your pricing model. The two most commonly used methods are the traditional model, often based on an hourly rate, and the value-based pricing method.

If you’re not sure what services clients need, you can ask them and some of them will be more than willing to tell you. Value pricing also demonstrates to your clients that you are confident that you will be able to deliver the agreed-upon output. While this may seem more straightforward and consistent, it may not take into account that the actual time needed to perform each task may be different depending on the client’s size and needs.

Choose your pricing model

If your services lead to significant cost savings, increased revenue, or improved financial decision-making for your clients, this approach can justify higher rates. Your desired profit margin is a key factor in pricing your bookkeeping services. Consider the income you want to generate from your business and how it aligns with your costs. While staying competitive is important, your pricing should also reflect your value as a professional bookkeeper. You get access to professionals who can manage payroll on a weekly, bi-weekly, monthly or semi-monthly basis, all at rates far below in-house teams. Find out how much you can save with our low bookkeeping services rates.