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The average rating for Bark Bookkeepers is 4.9, based on 102,846 reviews
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Bookkeeping is at the heart of every successful company, so it makes sense to hire a professional to get the job done right! Read on to find out just how much you'll pay for Bookkeeping services in America.
Bookkeeping is one of the primary practices every successful business and conglomerate has at their core. It’s simply the art of keeping financial records and updating these records over time.
Bookkeeping serves a lot of purposes for businesses. For one, it helps the business’ administration to keep track of their progress and expenses. By keeping a close eye on their money, they can evaluate their actions and find out what is working in their business and what isn’t.
In addition, bookkeeping is a practice that must be carried out regularly. Under ideal conditions, bookkeeping must be done every day and has to become a part of every business’ daily operations.
The major reason why your business needs proper and accurate bookkeeping is that it helps you understand the finances of your business. With accurate bookkeeping, you can see how much your business makes and know where the revenue of your business goes, helping you to make guided decisions in future events.
Bookkeeping is also a sure-fire way of keeping tabs on your business goals, and whether you’re on track to meet them.
Proper bookkeeping enforces discipline in every business. For one, it reduces or even eliminates the tendency of theft and fraud among employees, and makes sure that all the stakeholders remain transparent in their everyday business transactions.
So, how much does it cost to hire professionals who can offer bookkeeping services in America?
The cost of hiring professional bookkeeping services in America varies, and this is dependent on a few reasons. To give you a general idea, let's take a look at the average costs:
| Average price | Nature of service | Duration |
| $400 - $800 | Part-time bookkeeping services | 1 working month |
| $3,000 - $4,500 | Full-time bookkeeping services | 1 working month |
| $500 - $2,500 | Outsourced services | 1 working month (or as is stipulated in the contract) |
The overall cost of bookkeeping in America is dependent on a number of factors, including:
Nature of service
Experience level of the professional
Size of your business
Full-time bookkeeping services cost more than part-time bookkeeping services or outsourced services. This is usually because of the involvement on the part of the bookkeeping specialist. If you run a small business and you do not have a lot to spare, you may want to consider beginning with part-time bookkeeping services.
More experienced professionals will always charge higher than newbies and mid-level professionals. This is usually as a result of the expertise they have been able to build over time in their career. If you can afford to, get the services of a well-experienced bookkeeper because it's totally worth it.
Typically speaking, the larger your business, the more the amount of bookkeeping work that must be done for it. You wouldn’t expect to pay the same as a one-man business if you run a twenty-man business with a seven-figure annual revenue!
The sheer size of your business will determine the amount of work that needs to be done, and this will affect how much you have to spend on bookkeeping.
Here are our top tips for hiring a Bookkeeper on a budget:
Go part-time - Depending on just how much you’ve budgeted for it, hiring a professional on a part-time basis may be cheaper for you. This way, you do not have to spend a ton of money even when the professional doesn’t have a lot of work to do for your business.
Opt for a mid-range professional - You may want to hire a mid-range professional, if you're on a budget. Their services are usually a mix of expertise and affordability.
Go for an individual professional - Hiring individual professionals is cheaper than hiring a bookkeeping/accounting agency to do the job for you.
Bookkeeping is a major part of every business’ daily operations. Doing it right may be the difference between the success and failure of your business.
To get started, hire a Bookkeeper for your business today.
The average rating for Bark Bookkeepers is 4.9, based on 102,846 reviews
5/5
based on 102,846 reviews
