Bookkeeping Packages

The right option will save you time, money, ensure compliance and provide expert insights you need to run your business well. Many accounting and bookkeeping firms will also offer optional add-ons to customize your monthly bookkeeping package. Are you running a startup accounting or fractional CFO services business and struggling with how to price effectively? Many firms in this dynamic space find that traditional hourly billing leaves significant revenue on the table and doesn’t truly reflect the strategic value they provide. Yes, accounting services can assist with preparing financial statements, forecasts, and detailed reports to meet investor and fundraising requirements.

Explore Genius to complement your accounting strategy and power your startup’s success. You will be able to keep track of your small business’ expenses and revenues with the help of LYFE Accounting’s dedicated bookkeepers. Knowing your profit & loss is essential to keep your business going. We can also help you in setting up merchant services and payment processes so you can collect payments.

How much does Clear Books cost?

With so many options available, choosing the right bookkeeping package can be daunting. Let’s look into the different bookkeeping packages available, important factors to consider and pricing. Monthly Financial Statements include startup bookkeeping price packages P&L, Balance Sheet, and Statement of Cash Flow.

• All businesses spend money, but how and where a business spends money is even more critical for startups to understand.
• We understand the unique challenges that come with growing a business and have the expertise you need to reach your goals.
• One of the first things is to consider the size of your business.
• I recommend using value pricing instead of implementing the typical hourly rate pricing.
• The accounting firm must have mastery over the statutory acts so that no due dates are missed, and penalties could be avoided.

Bookkeeping Services Proposal Templates

Its team has supported startups in raising $15 billion in funding with their trusted guidance and financial expertise. Paro simplifies bookkeeping for startups by offering fast, AI-driven talent matching. Their expert full-charge bookkeepers handle everything from accounts payable to tax compliance, giving you accurate month-end closes and cash flow monitoring. Unloop is the first and only accounting firm exclusively servicing ecommerce and inventory businesses in the US and Canada. With the power of people and technology, our team dives deep into COGS and inventory accounting. You are paired with a dedicated bookkeeping team that prepares accurate financial statements, financial forecasts, and can also pay bills or run payroll for you.

• A common way to do this is by building a tiered system for different levels of service.
• But cheaper software that may not accommodate future growth, potentially resulting in costly migrations down the line.
• From bookkeeping, they can extend the service to financial statement preparation and reporting.
• If you’re already doing a client’s books, approach them with an offer to build on your role.

The best accounting software: comparison table

Our bookkeepers also help you manage all your expenses and pay your bills so that it becomes a process that is both simple and less stressful for you. This is where innovative platforms like Brex are making a significant impact. Choosing the right accounting software is a critical decision for startups, with long-term implications for financial management, operational efficiency, and scalability. However, traditional accounting software falls short of addressing the unique challenges faced by high-grow brands like startups. Brex’s power is amplified by its ability to connect effortlessly with the most popular financial tools and software. Native integrations with top accounting platforms like QuickBooks Online and Xero ensure real-time data syncing, eliminating the need for manual data transfer and reducing errors.

What types of bookkeepers can you hire?

Management Reports include P&L Balance Sheet, Statement of Cash Flow, Accounts Receivable and Accounts Payable Aging Reports, and Performance Reports. All plans require a QuickBooks or Xero subscription connected to financial institutions including bank accounts, credit cards and payment processors. You may also offer clients discounts or other special considerations to make your packages more attractive to them. Choose in-house accounting if you need full-time, on-site support. Outsource if you want cost-effective expertise without hiring full-time staff, especially for startups with limited budgets. Things happen – sometimes after hours – and you don’t want to wait until business hours to get answers.

AccountsBalance offers you online bookkeeping expertise for online companies. You’ll get on-time bookkeeping updates by the 20th of each month. With your dedicated online bookkeeper, you can reach them via email, text, or Zoom video calls when you have questions. The team employs proven processes that learn your business and customize the monthly bookkeeping activities to match so that your digital business needs are met.

A lot of startups mess up by not really thinking through what kind of accounting or bookkeeping help they actually need. You might be tempted to go with the first firm you find, or just pick the cheapest option. You don’t want to be surprised by hidden fees or stuck with a package that doesn’t fit your growing business. You should know exactly what you are paying for, and you should be able to adjust as your business grows. Do they offer instant updates, or do you have to wait a few days?

They also offer different levels or what they call «tiers» that cater to different levels of accounting business needs. Bookkeeping and accounting firms adapt different pricing models for their services. This is to allow an option that will match the client’s needs with the solutions they provide.

Automate common bookkeeping tasks and grow your client base

This can save you time and headaches, and ensure you are not hit with any penalties. When something big happens in your business, you need to know right away. Waiting until the end of the month to check your financials can cause you to miss out on important insights.

AccountsBalance offers specialized services for agencies, SAAS companies, coaches, course owners, and other small businesses. Both plans cater to businesses with $15,000 in monthly expenses. If you have different needs, you can opt for the tailored Plus plan with custom pricing.

If you’re a slightly more established business with a long-term client base, and you’re processing consistent billing, Xero will likely be the software you’re searching for. Xero combines sophisticated finance tools with a secure client portal to make sure you’re covered long-term. While its monthly fees aren’t quite as low as QuickBooks’ or Zoho Books’, FreeAgent still represents very good value for money. With a starting price of just £10 per month and no hidden fees, we think this is a pretty good deal. Overall, FreeAgent strikes a good balance between simplicity and functionality. We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month.

Streamline Your Finances: Download Our Free Bookkeeping Brochure

Whatever your priorities, choose a service that scales with your growth. Your finances are the backbone of your startup – don’t settle for less than the best fit. Take a minute to think about where you are right now and where you want to be in the next year or so. Do you need help with taxes, payroll, financial reports, or maybe planning for growth? Knowing what you really need will help you find the right accountant or startup bookkeeper who can support your business the right way. The right startup accounting services can keep your finances on track and your stress levels low, but the wrong choice?