How to Package Your Bookkeeping Services 6 Simple Steps

Break down what’s in each service, including the types of tasks or deliverables you intend to provide. At OOTB, we believe in providing you with a single, consistent team for as long as possible. Other services switch out your bookkeeper regularly, which can cause issues in bookkeeping consistency. Your dedicated team consists of two professionally trained bookkeepers, including one senior bookkeeper who reviews all of your monthly statements. This stability and consistency provides greater value and better outcomes.

But before you do, let’s look at some questions you should ask yourself before making the decision. Cleanup typically takes 30 days once you upload your required docs. Answer a few questions about what’s important to your business and we’ll recommend the right fit. Ian discussers the phases of transitioning to value pricing (setup, implementation, and execution) and walks you through the process in ten proven steps. There is a fine line between overcharging and undercharging, but the sweet spot does exist and you’ll know when you find it, because your clients will be happy, and so will you. Most people don’t want the most expensive option, but they also feel dissatisfied with selecting the base option because it lacks certain features.

R&D Tax Credit

Regardless of the size or experience of your in-house team, OOTB can help your business get to the next level with bespoke accounting support. From taking mundane tasks off team members’ plates to helping with advanced training or QuickBooks data challenges, our support is tailored to your business. Once you’ve determined a total price for all the add-on services, you may opt to include a discount for bundling multiple services or multiple companies. While you may offer your services at a lower rate when you’re just starting out, your rates should increase as your calendar fills up. Clients have different expectations regarding phone support, response time, and how often their books are updated.

• Your bookkeeper reconciles your accounts, categorizes your transactions, and produces your financial statements.
• The best way to know if a pricing structure will work for you is by testing it.
• Discover the direct correlation between standardized processes and boosted profits for your accounting firm.
• Discuss potential pricing with these clients to help you decide the final cost.
• There was a massive amount of back reconciling that needed to be done because our previous accountant had abandoned us, but they persevered, accounted for all of the data, and now keep us up to date regularly.
• With the right technology, you can automate bookkeeping processes and tasks that once took hours of your time.

Bookkeepers have a wide variety of skills, so one of the factors you need to consider is what you need them for. If it’s basic client billing and documentation, a good solution may be accounting software that can assist you if you still want to play a more hands-on role. Whether you opt for basic bookkeeping or full-service bookkeeping and accounting, either option can help you be better prepared come tax season.

Financial Reporting

They generally perform basic accounting tasks and need to be supervised and managed and the bookkeeping transactions will take care. Our outsourced bookkeeping pricing models are very simple & flexible; we work on a fixed price per month basis – where you get a dedicated bookkeeper meeting your requirements. Do not hesitate to contact us if you cannot find suitable bookkeeping price packages; we can find a suitable one together.

With tech taking up so much airspace in modern accounting, those who are fluent users are quickly outpacing those who aren’t. In a survey by PracticeWeb, 66% of clients surveyed said they would pay more for a ‘tech-savvy’ accountant. Once you securely connect your financial accounts to the Bench platform, we’ll pair you with a dedicated bookkeeper.

NJ Chemical Manufacturer Trusts Velan’s Accounting Services

If getting your books caught up is your priority, our Catch Up and Retro bookkeeping teams will work with you to get your books in order, fast. Compare this with the industry standard of handing off your financial information to a third party and waiting weeks to see the report. With Zeni, you can log in to your dashboard and get a clear picture of your finances on a day to day basis because your financial information is updated constantly.

• When implementing fixed-fee or value-based billing, it’s easy to under or overestimate the time it will take you to complete a task.
• It means you set a fee for each service you offer and provide clients with a ‘menu’ of sorts, with corresponding prices.
• Location plays an important factor in pricing, although less-so since the pandemic and the rise of remote work and cloud accounting.
• We can fully wipe your data, too—at the end of the day, it’s your info and your call.
• But if it’s more complex, like building out your financial outlook, you might be better off with hiring an accountant.
• There’s no extra fee or hourly charges for support—we’re always happy to nerd out about bookkeeping and your financial statements.

You can expect a full-cost accountant to carry out tasks related to paying bills, billing customers, managing timesheets and pay slips and processing end-of-month financial statements. As a business owner, you still need to look at the deliverables to ensure accuracy and the bookkeeping packages pricing are also not too high or off your budget. Because we only work with early-stage, funded companies, bookkeeping pricing packages we’ve developed deep expertise and detailed, battle-tested processes specific to the needs of our clients. Secondly, our team is highly experienced – our account managers have an average of 11 year of experience, which means they don’t have to reinvent the wheel every time a client has a need. Someone in Kruze has probably seen it and done it, which saves us time and lowers our costs.