![]() Why Would You Charge for an Initial Consult? As a contractor, you’ll be doing the work quicker because you won’t be dealing with all the office management, so it’s actually better for them to hire you part time than it is to hire a full-time employee. This would be for the basic bookkeeping, reconciling, and bank accounts.įor clients with more than $1 million in revenue, it would be good to look at how much they would pay a full-time bookkeeper, sitting in their office, working 40 hours a week. You can categorize your clients into small, medium, and large based on the amount of time you spend on their bookkeeping each month.įor example, a client with about $500k in revenue, she would charge $650 a month as a bookkeeper. What is the Difference Between Small, Medium, and Large Clients? This will be the monthly rate you can present to your client.ĭon’t forget to let your client know that moving from hourly to a fixed rate is for their benefit too because they will now know exactly what they are spending on bookkeeping each month and can budget accordingly. How do you calculate the rate? Take your hourly rate times the amount of time you believe it is taking you each month and add a little more on top of that for added expenses. ![]() Are you covering their QuickBooks subscription? Will you need equipment updates on occasion? One thing to note as you’re deciding on a fixed rate is to think about the expenses to keep their books. By then you will have figured out just how long it will take on a monthly basis to keep their books current. It will be more work upfront, so you can bill more upfront.Ī few months down the road, once you’ve immersed yourself into their business, have their books organized, and have a steady flow, you can switch your client to a fixed monthly rate. You may be helping them play catch-up to get organized not only in the current year, but also in previous years. Starting with an hourly rate with a new client is beneficial because usually it will take more time to get their books set up, as they could have been quite a mess before you took them on. Many times you’ll be discovering things about the business as you get to know your client, and you may even find some issues your client didn’t know were there. It’s really hard to figure out what to charge someone without actually doing the work and finding out how much time your client’s account will take you each month. What I recommend when you’re starting out is to begin with your hourly rate and transition your client into a fixed monthly rate. In an ideal world, I’d have a handful of clients, I’d work two days a week, and I would have them pay me a set amount up front with automatic payments so we both know what to expect each month. Office Skills - Let's talk about office skills that we can use as a viable means of making an income from home.Right now my goal is to have all my clients on a fixed-rate pricing scale. Or if you're looking for a bookkeeper you can post a job. ![]() QuickBooks Community - Connect with QuickBooks Experts and Users and with Small Business owners, advisors and experts at Įlance - A great freelance job board where you can find bookkeeping work. Starting a bookkeeping business - An article from on starting a bookkeeping business. More information on Bookkeeping as a Home Business Idea: There are also many jobs that come through freelance job boards like elance that you can bid on. ![]() You can find clients locally through small advertisements and word of mouth. Or they may use the bookkeeper for general duties and hire a cpa to handle their taxes. Many small business owners can't afford an accountant or cpa and so opt for a bookkeeper. Typical duties for a freelance bookkeeper include tracking business income and expenses, reconciling bank statements, making deposits, payroll, billing and reports. Some bookkeepers will charge a flat monthly fee ranging from $200 - $800 a month depending on the responsiblities. It's an easily outsourced position and it pays well.įreelance Bookkeepers can make upward of $30/hour easily. If you have bookkeeping skills, why not consider bookkeeping from home? There are many businesses, but brick-and-mortar as well as online that require a bookkeeper. Home Business Ideas - Freelance Bookkeeper
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