Before you can gauge how much do small business accounting services cost, you have to ask yourself a few questions first. I say this because the cost can vary widely, depending on what you want and what you need.

When pricing the various small business accounting providers, answer the following questions first:

1. Do you just need data input or do you need someone who will help you understand your financial statements?
2. Are you expecting the firm preparing your bookkeeping to also give business advice or not?
3. Are you looking for someone to handle everything, from paying bills to sending invoices, or will you be handling some of it as well?
4. Are you looking for someone to follow-up with customers for payment or to field vendor calls?

Answering these questions will help you understand the work involved and the potential cost. The more services and more expertise required will obviously cost more than someone just doing data input.

As an example, someone just doing data input may cost around $200-$300 per month. However, if you want an extension of your business, who handles accounts payable and accounts receivable, generates accurate financial statements, and helps you understand those financial statements, then the cost could be upwards of $1,000 per month or more – more expensive but still less than a full-time employee.

Discover what The Hultquist Firm can do for your business by contacting us today.