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How Much Does Bookkeeper Cost for Small Businesses?

Are you a small business owner looking to gain better control over your finances? You’ve heard about bookkeeping and its importance in managing your business’s finances. And, of course, we won’t forget to address the burning question on your mind, “how much does bookkeeping cost? A bookkeeper’s fee may change depending on criteria, including geography, experience, and the duties difficulty. On average, bookkeepers can charge anywhere from $11 to $25 per hour or have a monthly retainer fee ranging from $500 to $2,500.

What is Bookkeeping?

What is Bookkeeping

Bookkeeping refers to the process of recording, organizing, and storing financial transactions and other relevant information related to a business. It involves maintaining financial records, tracking income and expenses, reconciling bank statements, and generating financial reports.

What is the Importance of Bookkeeping?

Any size of business must have efficient bookkeeping to be successful. It acts as the financial backbone, enabling organizations to understand their economic well-being, make informed decisions, and comply with the law.

  • It helps in creating and maintaining a realistic budget for your business.
  • Enables better financial planning and decision-making.
  • Organize your financial records in a way that simplifies tax preparation.
  • Decreases the possibility of errors or missing information while making sure you are prepared to file your taxes.
  • Organizes and stores your business records in a systematic and accessible manner.
  • when looking for specific information or documents saves time and effort
  • It provides a clear overview of your financial situation, making tracking progress toward business goals easier.
  • Ensures adherence to financial reporting requirements and proper documentation.
  • Gives you confidence in the accuracy of your financial records and reporting.
  • Reduces stress by providing security and assurance in your business’s financial management.

How much does a bookkeeper cost per month? The cost of hiring a bookkeeper per month can vary depending on various factors, such as the complexity of financial transactions, the amount of work involved, the location, and the level of experience of the bookkeeper. Bookkeepers can typically be hired either hourly or through a fixed monthly fee. Monthly payments can range anywhere from $500 to $25,000.For an accurate estimate of prices and how much is a bookkeeper cost per month, it is recommended to gather quotes from multiple bookkeepers and discuss your specific requirements with them.

Average Cost of Bookkeeping Services:

Understanding the average cost of bookkeeping services can help you budget. The average monthly bookkeeping services range from $200 to $1,500. Various factors, like the complexity of your business transactions, influence this comprehensive range,  the volume of transactions, and the level of expertise required.

Factors that influence bookkeeping costs:

a) Business size and complexity: Smaller businesses with fewer transactions generally have lower bookkeeping costs than larger enterprises with complex financial operations.

b) Industry-specific requirements: Different industries have unique bookkeeping needs, which can impact the cost of services. For example, a retail business may need inventory tracking, while a service-based business might focus more on time tracking and invoicing.

c) Frequency of bookkeeping tasks: The more you need bookkeeping tasks to be performed, the higher the cost may be.

Bookkeeping Costs for Different Business Sizes:


Now, let’s explore the average monthly costs of bookkeeping services for various business sizes. Also Learn about the differences between bookkeeping and accounting.

How Much Does a Bookkeeper Cost for a Small Business

Bookkeeping costs are lower for small businesses as compared to medium-sized or large businesses. The average monthly cost for bookkeeping services for small businesses can range from $200 to $600. However, it is important to note that this cost can vary depending on various factors.

Factors that can influence the cost for small businesses include:

  • The number of employees.
  • The complexity of financial transactions.
  • The volume of transactions.
  • The need for extra services such as payroll or tax preparation.

Small business accountants must consider these factors when budgeting for bookkeeping services. 

Medium-Sized Business Bookkeeping Costs

Medium-sized businesses often have more complex financial records and transactions compared to small businesses. As a result, the average monthly cost for bookkeeping services for medium-sized companies can range from $600 to $2,000.

Factors that can influence the cost for medium-sized businesses include:

  • The number of employees.
  • The complexity of financial transactions.
  • The volume of transactions.
  • The need for specialized reporting.
  • The need for industry-specific knowledge.
  • These factors can impact the cost of bookkeeping services for medium-sized businesses.

Large Business Bookkeeping Costs

Large businesses have extensive financial records, complex transactions, and a higher volume of transactions. As a result, the average monthly cost for bookkeeping services for large businesses can range from $2,000 to $2,500 or more. Explore accounting supervision services to improve financial management.

Factors that can impact the cost for large businesses include:

  • The number of employees.
  • The complexity and volume of financial transactions.
  • The need for specialized reporting and analysis.
  • The need for many locations or entities.
  • The need for advanced software or systems integration.

These factors contribute to the higher cost of bookkeeping services for large businesses.

How Much Does it Cost to Hire a Bookkeeper?

When running a small business, proper bookkeeping is essential to guarantee that your financial records are accurate and current. Hiring a bookkeeper also depends on the business size, with an average monthly price of $200-$800. A wise financial decision may be made by hiring a bookkeeper, saving time and helping you make informed financial decisions. However, before hiring a bookkeeper, it’s essential to consider the factors affecting the cost. These factors to consider when hiring a bookkeeper

  1. Experience and Expertise: A bookkeeper’s level of experience and expertise can impact the cost. Bookkeepers with more experience and specialized knowledge may charge higher rates.
  1. The complexity of Bookkeeping Tasks: Your bookkeeping needs will play a role in determining the cost. The cost may be lower if you have a simple business structure and essential financial records. However, the cost may be higher if your business has many revenue streams, complex transactions, or requires specialized reporting.
  1. Size of your Business: The size of your business can also influence the cost of hiring a bookkeeper. Small businesses may have lower bookkeeping needs than larger enterprises, resulting in lower costs.

How Much Does a Bookkeeper Cost Per Month?

How Much Does a Bookkeeper Cost Per Month

The monthly cost of a bookkeeper can vary based on multiple factors which specify how much do bookkeepers cost. It includes experience level, location, and the complexity of the bookkeeping tasks. However, bookkeepers also offer monthly packages. How much do bookkeepers charge per month? The answer is between $200 and $800 and it is advisable to contact bookkeepers directly for accurate pricing tailored to your specific requirements.

How Much Should I Pay a Bookkeeper Per Hour?

Hourly rate for bookkeepers and the factors that may affect this rate can change depending on many circumstances; how much is bookkeeping services include experience, location, and scope of work. As mentioned earlier, the recommended hourly rate for bookkeepers ranges from $11 to $25.

Factors that may affect the hourly rate:

  • Experience and Expertise: Bookkeepers with more experience and specialized expertise may charge higher hourly rates. Their knowledge and skills in handling complex financial tasks can command a premium.
  • Location: As mentioned earlier, the place of your business can impact the hourly rate for bookkeepers. Metropolitan areas tend to have higher living costs, resulting in bookkeepers charging higher rates.
  • Scope of Work: The complexity and volume of your financial transactions can also influence the hourly rate. If your business requires specialized bookkeeping services or deals with a high volume of transactions, the bookkeeper may charge a higher hourly rate to accommodate the extra workload.

It’s important to discuss the specific needs of your business with potential. How much do bookkeepers charge to determine an appropriate rate that aligns with your budget and requirements? Discover the benefits of implementing an efficient accounting system.

Small Business Bookkeeper Cost Per Week?

How to calculate the cost of bookkeeping services for small business per week. Now discuss important considerations for small business owners.

Calculation of bookkeeping cost per week:

You need to consider the hourly rate of your bookkeeper and the number of hours required for their services. Let’s say your bookkeeper charges an hourly rate of $30, and you need their services for 10 hours per week. The calculation would be as follows:

* Hourly Rate ($30) x Number of Hours per Week (10) = $300 per week

Small Business Bookkeeper Cost Per Year?

Understanding the bookkeeping costs on an annual basis is crucial for small business owners to budget their expenses and ensure financial stability. The bookkeeping cost per year depends on various factors, including the size and complexity of your business.

Calculation of bookkeeping cost per year:

To calculate the bookkeeping costs per year, multiply the bookkeeping cost per week by the number of weeks in a year. Using the example from the previous section, where the bookkeeping cost per week is $300, the calculation would be as follows:

Bookkeeping Cost per Week ($300) x Number of Weeks in a Year (52) = $15,600 per year

Tips for Budgeting Bookkeeping Expenses

  • Plan Ahead: Allocate a specific budget for bookkeeping expenses in your financial plan. It will help ensure you have the funds to cover these costs throughout the year.
  • Regular Communication: Maintain open communication with your bookkeeper. Discuss any changes in business operations that may impact their workload. It will help you plan for potential fluctuations in bookkeeping costs.


Q.: What are bookkeeping services for small businesses?

A.: Bookkeeping services for small businesses involve the systematic recording, organizing, and tracking of financial transactions and records. These services play a crucial role in maintaining a company’s financial health by ensuring accuracy and compliance with tax regulations.

Q.: Why should small businesses consider professional bookkeeping services?

A.: Small businesses should consider professional bookkeeping services for several reasons. Firstly, it helps them maintain accurate financial records, which is essential for making informed business decisions. Additionally, it ensures compliance with tax laws, reducing the risk of penalties. Moreover, outsourcing bookkeeping can save time and resources that can be directed towards core business activities.

Q.: How do bookkeeping service providers typically charge for their services?

A.: Bookkeeping service providers may charge in various ways. The most common methods are hourly rates, monthly flat fees, or per-transaction charges. The pricing structure often depends on the complexity of a business’s financial transactions and the scope of services required.

Q.: Can you provide an estimate of the cost of bookkeeping services for small businesses?

A.: The cost of bookkeeping services for small businesses can vary widely based on factors such as the size of the business, the volume of transactions, and the complexity of financial records. On average, small businesses may expect to pay anywhere from $100 to $300 per month for basic bookkeeping services. However, this cost can increase for businesses with more extensive financial needs.

Q.: Are there any additional fees or hidden costs associated with bookkeeping services?

A.: While the pricing structure for bookkeeping services is typically straightforward, it’s important to clarify any potential additional fees or hidden costs with the service provider. Some bookkeepers may charge extra for services like tax preparation, financial analysis, or payroll processing. To avoid surprises, it’s advisable to discuss all potential charges upfront.

Q.: Can small businesses choose between in-house and outsourced bookkeeping services?

A.: Yes, small businesses have the flexibility to choose between in-house and outsourced accounting bookkeeping services. In-house bookkeeping involves hiring a dedicated staff member or team to manage financial records, which can be more costly but provides direct control. On the other hand, outsourced bookkeeping services involve partnering with a professional firm, which can be more cost-effective and provide access to specialized expertise.

Q.: What factors should small businesses consider when selecting a bookkeeping service provider?

A.: When selecting a bookkeeping service provider, small businesses should consider factors such as the provider’s experience, reputation, pricing structure, and the range of services offered. It’s also important to assess whether the provider has experience in the specific industry or business niche, as this can be beneficial for understanding unique financial needs.


Determining the costs of bookkeeping for your small business is essential for effective financial management. When hiring a bookkeeper, it is important to consider factors such as their skill level, experience, the size of your company, and the scope of services required. Additionally, understanding the recommended hourly rates, calculating costs per week and year, and creating a budget will significantly contribute to your business’s financial well-being. By making informed decisions about bookkeeping costs, you can ensure accurate financial records and devote your attention to growing your business. Additionally, if you are wondering about how much does an accountant cost for a small business, which is also necessary  for improving efficiency.  We can assist you with that as well. Explore accountant fees for small business with money minor.

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