When estimating the cost of working with an accountant, it’s important to consider the value of their time and the amount of money you’ll save by having them help with administrative tasks. An average accountant’s hourly rate is about $40, but that could be higher or lower depending on their experience and the services you need.
An online accounting firm’s fee structure will also influence how much they charge. Some firms use an hourly basis, while others have a proposal-based or fixed-fee structure. Proposal-based pricing is when the accountant gives you an estimate for the project, while fixed-fee structure is when the accountant charges a monthly fee for ongoing projects.
Some of the best online accounting companies offer low-cost packages for small businesses. 1-800Accountant, for example, offers a basic service that will help you organize your business and prepare and file your tax returns. The cost is $225 per month for sole proprietorships and DBAs or $375 a month for pass-through entities (S corporations). Additional services, including bookkeeping, priority support, and financial reports are available for an extra cost.
Xendoo has three price tiers for its cloud-based bookkeeping service, with the most expensive option offering dedicated accounting support and year-round tax advice. It also has add-on payroll and catch-up bookkeeping. Another online accounting company, Bench, has a more affordable plan that offers bookkeeping for cash-basis and accrual-based accounts. The company also provides add-on accounting services, such as job costing and profit margin tracking, for an additional fee. Онлайн счетоводител цени