What would be an approximate monthly cost to hire a bookkeeping service to keep the books of a small business--Financial statements, journel entries, check acct. reconcilation,weekly payroll for 6 employess, etc?

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Posted by kfizzle85

Member since Dec 2005

22022 posts

Posted on 1/18/10 at 6:11 pm to doublecutter

The guy I worked for last summer charged 200-250/month for monthly books.

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Posted by tigeryat

God's Country

Member since Oct 2005

2951 posts

Posted on 1/18/10 at 9:38 pm to doublecutter

Depends on the type of business, number of transaction, cash or accrual basis, and if you have inventory.

I work in a CPA firm and we don't do many accounts for less than $500 - $700 per month, some more. There are some independent accounting firms (non CPA) that may be able to provide the service for less.

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Posted by El Josey Wales

Greater Geismar

Member since Nov 2007

22710 posts

Posted on 1/19/10 at 9:14 am to tigeryat

I have a small construction company and I get mine done monthly for $250. This includes inputting monthly job costs into Quickbooks, financial statements, cost coding, and some other mundane bookkeeping tasks that I have not desire to do. This is for an average of 15 employees.

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Posted by doublecutter

Member since Oct 2003

6872 posts

Posted on 1/19/10 at 9:21 am to El Josey Wales

quote:
This is for an average of 15 employees.

Does it include payroll for those 15 employees?

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Posted by El Josey Wales

Greater Geismar

Member since Nov 2007

22710 posts

Posted on 1/19/10 at 5:26 pm to doublecutter

I write the checks, based on time sheets, but she codes their hours worked to each particular job based on these time sheets. I give her each month's time sheets, bank statements, and major purchase receipts. She puts it all in quickbooks coded to each job.

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