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Some clients will be one-time customers, and others will require your services on a recurring basis: monthly, quarterly, or annually. The frequency with which you’ll provide services to a client should also be considered when you’re trying to decide what to charge for your bookkeeping services.
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If you decide to become certified as a QuickBooks ProAdvisor, you’ll have the added benefit of a free subscription to QuickBooks Online Accountant. We recommend QuickBooks Online, which we ranked as the overall best small business accounting software.
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In general, good cloud-based software makes accounting easier and reduces the hours, allowing you to charge more per hour. Another important factor is your expertise in various accounting software. It’s important to note that the software you use may affect your rate, as some solutions are more expensive than others. Remember, more specialized services can demand a higher rate of pay.

The assessment will consist of gathering information that’ll help you determine the amount of time and level of complexity required to meet the client’s needs before you provide your quoted price. Is there more you can do than providing financial statements? As an industry expert, you might help them recognize needs and opportunities. Because this type of service requires a lot of industry-specific knowledge, you’ll be able to charge a higher rate than on typical bookkeeping engagements.īefore bringing on a new customer, you should meet and assess their situation.

If you have the expertise, you could increase your billable rate by offering payroll in addition to bookkeeping services.ĭepending on the industry, you might be able to extend your services to include cost accounting for projects and jobs. In general, bookkeeping services include managing all aspects of accounts payable (A/P) and accounts receivable (A/R), reconciling bank and credit card accounts, and generating monthly financial reports. For instance, you may charge an hourly rate of $40 to a large client that earns up to $2 million in revenue and around $30 for a very small client with an annual revenue of $300,000. Small clients often have simple bookkeeping needs and small revenue, so you may want to charge them less. For example, trucking, nonprofits, churches, and restaurants are only a few of the industries where industry-specific knowledge will make you more valuable. You can make your bookkeeping experience even more valuable by specializing in a particular industry, especially if that industry has unique requirements. It’s also arguably the most valuable bookkeeper certification, as the vast majority of small businesses in the US use QuickBooks.Ĭonsider becoming an industry expert.
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Read our guide on how to become a QuickBooks ProAdvisor.
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The QuickBooks ProAdvisor certification program is ideal for freelance bookkeepers because it allows you to get certified for free with no strings attached. In addition to getting certified through the AIPB or NACPB, we recommend that you get certified in QuickBooks.
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Once all certification requirements have been met, you’ll earn the designation Certified Professional Bookkeeper (CPB), which you can include on your business cards and marketing materials. The certification exam is $449 for non-members and $369 for NACPB members. The National Association of Certified Public Bookkeepers (NACPB) certification program is ideal for those with an associate degree or bachelor’s degree in accounting. National Association of Certified Public Bookkeepers Upon completion of all certification requirements, you’ll earn the designation of Certified Bookkeeper (CB), which you can include on your business cards and marketing materials. Certification exam and materials are $610 for nonmembers and $515 for AIPB members. The American Institute of Professional Bookkeepers (AIPB) certification program is ideal for someone who doesn’t have any formal education in bookkeeping. American Institute of Professional Bookkeepers There are three types of certifications for bookkeepers that we recommend. Ideally, you should consider an associate degree from a local community college, but many schools also offer bookkeeping certificates that can be earned in less time. A bachelor’s degree isn’t necessary to be a bookkeeper. Having a degree under your belt will give your customers confidence and the willingness to pay more. Your level of education is important to consider when determining the best way to attract potential clients. *Data taken from a ZipRecruiter survey based on millions of open in-house bookkeeper jobs across the US.
