How Much Do Bookkeeping Services for Small Businesses Cost?
How Much Do Bookkeeping Services for Small Businesses Cost?
June 30th, 2021
Full-time Bookkeeping
If you hire a full time, in-house bookkeeper, your expenses are definitely going to increase exponentially, not to mention the added cost of their office space. On an average, a full-time bookkeeper will cost you roughly around $35,000-$55,000 yearly. However, a fulltime bookkeeper will handle all your business’s day to day transactions.
Out-sourced Bookkeeping
A business’s core function is to make money and to save money, the best option for Small to medium businesses is to outsource their bookkeeping and accounting functions entirely, to online bookkeeping firms. This is the most cost-effective and resourceful way to get bookkeeping done.
The benefit of having an outsourced bookkeeping firm such as Monily managing your accounts and books is that you get the human capital of an entire business catering and safekeeping your financials.
What you need
Your business might be just starting or perhaps you’ve been at it for some time and are thinking about the best options to save money while managing it. The most sensible route for a small to medium business is outsourcing bookkeeping to a virtual platform, such as Monily. Which starts at only $20/ per month. Having it outsourced, will not only reduce your stress levels associated with bookkeeping, you will also be tax ready.
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