Going rate for freelance bookkeeping- monthly?

amother

Sun, Apr 18 2021, 7:53 pm

Wonder what ppl are paying for a freelance to do their business bookkeeping monthly? Small business - 2 bank accounts and 3 credit cards.

amother

Jade

Mon, Apr 19 2021, 2:07 pm

How many transactions on those cards? Do you have qp set up already? Is it only for reconciliations?

amother

Teal

Mon, Apr 19 2021, 2:36 pm

amother [ OP ] wrote:

Wonder what ppl are paying for a freelance to do their business bookkeeping monthly? Small business - 2 bank accounts and 3 credit cards.

Paid $250 weekly

amother

Mint

Mon, Apr 19 2021, 3:01 pm

Really depends on each business specifics. Do you have any idea how many hours of work it will entail?

amother

Sun, Apr 25 2021, 12:25 pm

amother [ Jade ] wrote:

How many transactions on those cards? Do you have qp set up already? Is it only for reconciliations?

20-30 credit card transactions a month, total
They’ll be keeping my QuickBooks file and downloading, reconciling etc

amother

Sun, Apr 25 2021, 12:26 pm

amother [ Mint ] wrote:

Really depends on each business specifics. Do you have any idea how many hours of work it will entail?

I asked someone in the business - she said 2 or 3 hours a month

amother

Sun, Apr 25 2021, 12:27 pm

amother [ Teal ] wrote:

Paid $250 weekly

What did that include? Did they come down to your office or remote login? Did they pay bills or just put in transactions and reconcile?

amother

Jade

Sun, Apr 25 2021, 12:29 pm

amother [ OP ] wrote:

20-30 credit card transactions a month, total
They’ll be keeping my QuickBooks file and downloading, reconciling etc

If it’s that few, why wouldn’t you do it yourself?
I can’t imagine it needing more than an hour a month for 20-30 transactions.

I wouldn’t charge more than $100 a month for that.

Watch a few YouTube videos on basic quickbooks and learn to do it yourself.
Unless you’re not including all that you need. Do you need invoicing? Do you need payments entered?

amother

Coffee

Sun, Apr 25 2021, 12:29 pm

amother [ OP ] wrote:

I asked someone in the business - she said 2 or 3 hours a month

That doesn’t sound realistic. Who is doing the day to day transactions? Is the file set up? A/P? A/R? Chart of accounts done right? What do you need the bookkeeper for?

bisbettertheni

Sun, Apr 25 2021, 12:30 pm

amother [ OP ] wrote:

What did that include? Did they come down to your office or remote login? Did they pay bills or just put in transactions and reconcile?

For basic bookkeeping like downloading transactions it seems your size I would charge around $300 a month (that is my minimum and it seems your work is minimum) If you would have bill payments it could be another 100 but really depends how many.

amother

Chocolate

Sun, Apr 25 2021, 12:35 pm

bisbettertheni wrote:

I'm in the business and this number sounds about right.

amother

Sun, Apr 25 2021, 12:35 pm

bisbettertheni wrote:

Thanks! I appreciate it. Are you in the NY Area?

bisbettertheni

Sun, Apr 25 2021, 12:56 pm

amother [ OP ] wrote:

Thanks! I appreciate it. Are you in the NY Area?

No, sorry. I only work remotely Smile

amother

Sun, Apr 25 2021, 1:03 pm

bisbettertheni wrote:

No, sorry. I only work remotely Smile

How does that work?

bisbettertheni

Sun, Apr 25 2021, 1:07 pm

amother [ OP ] wrote:

How does that work?

Either with QB online/I host QB desktop/I log in remotely. I use the banks which helps for 90% of information and for any questions have phone meetings or email. Works for all of my clients (large range of industries )

amother

Sun, Apr 25 2021, 1:23 pm

bisbettertheni wrote:

That’s awesome!
I called a few local places and they quoted me $150-$200/month
Wonder what the difference is? Why would they be so much less?

bisbettertheni

Sun, Apr 25 2021, 1:31 pm

amother [ OP ] wrote:

That’s awesome!
I called a few local places and they quoted me $150-$200/month
Wonder what the difference is? Why would they be so much less?

Could be a number of reasons. Most people that use me get referred by very happy clients and want the more than a basic bookkeeper (I am a CPA and usually help with other things than just data entry and recs). Also I have dealt with a lot of QB that were messed up by bookkeepers.
Maybe get some references from them before you hire to make sure you are getting a good bookkeeper