Q:

What are some standard bookkeeping service fees?

A:

Quick Answer

Bookkeeping fees vary greatly, but most bookkeeping services typically charge hourly rates, flat rates, packaged fees or use value-based pricing. While most bookkeeping companies charge hourly rates, the fee structure sometimes depends on the kind of work that the service performs for the client.

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Full Answer

Packaged fees refer to the charges that a bookkeeping company takes when providing a certain set of services as a package that clients choose from in the style of a menu. Services use a flat rate fee to charge clients for performing a set amount of work, while value-based pricing refers to a relatively newer concept that charges a client a fee based solely on the value that results for the client’s business.

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