Prices of accounting services for small businesses vary by the type of financial expert and your business’s needs. But there are some average fees and costs to consider when choosing an accountant or accounting service.
Hiring an accountant can cost between $750 and $1,250 a month, depending on what your business needs are and whether you opt for cash-basis or accrual-basis accounting. The more complex your accounting needs, the higher the price will be.
Using an accounting software program can also save you money. Accounting software automates many of the simpler tasks you’d normally have an accountant do for you, such as recording transactions, invoicing customers, and balancing your books. You can also keep your costs down by hiring a bookkeeper instead of an accountant. Bookkeepers have a lower hourly rate and can handle more basic tasks, like data entry, payroll processing, and filing taxes.
Outsourced accounting services can also help you avoid costly tax mistakes by providing accurate and timely reports. These reports can help you make informed financial decisions to optimize your tax deductions and savings. They can also assist with the management of cash flow, helping you identify when you will run out of money and how to avoid that situation.
Accounting experts can help you manage cash-flow and budgeting through analyzing your company’s numbers, advising on financial strategy, and providing business plans that can lead to growth. They can even connect you with professional lenders and investors. Цени на счетоводни услуги за малки фирми