How to Price Bookkeeping Services for Small, Medium, and Large Clients

For example, the appointment may have cost $300, the insurance covered $200 of the charge, which leaves $100 as the patient’s responsibility. The thing that takes the most time with this client is the invoicing. They have a system outside of QuickBooks that is HIPPA compliant, which are the rules in the United States that you need to follow if you keep any medical information about your patients. One of the extra tasks I do for this law firm is their bill pay. You can use different programs to get electronic copies of their bills, or they can be emailed to you if there isn’t anything confidential on the bill.

Then you also need to quantify the volume included within the services. This could mean determining how many bank accounts, credit card accounts, or number of transactions in a month. The price that you’ll set will be based on your service offer which has to explicitly address the needs and pain-points of the small business owners identified in the meeting with your client. It’s called the Simple Pricing System, and it’s available in the 5MB Academy. Once you have decided on a price for you bookkeeping services, it’s important to communicate it effectively. You should always be prepared to give your prospective client your minimum price and also tell them what your average client pays.

Part Time Bookkeeping Cost

There’s also the option of becoming a member of The Institute of Certified Bookkeepers, giving you access to a network of local groups that meet regularly throughout the year. Occasionally a fraudulent bookkeeping pricing packages client or scammer will post a project, causing trouble for freelancers. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.

Employees across industries and workplaces should have access to both flexibility and essential worker rights. The Wage and Hour Division is committed to protecting employees’ rights across America. To do so effectively, we must help businesses and workers understand how to differentiate employees from independent contractors who are in business for themselves.