Bookkeeping Rates in Portland
Finding a professional and affordable accountant with reasonable bookkeeping rates can be tough, but it’s imperative to keep your financials organized. As a small business, you may dream of procuring professional bookkeeping and accounting services to ensure your financial records are kept accurate and organized, which can be quite a task doing yourself, especially without prior knowledge or experience in professional bookkeeping.
However, when it comes to enlisting the aid of a traditional accounting company or CPA to manage your financial records, the cost can be staggering, especially if you are a business that is just starting out, which in turn may cause you to shy away from the much-needed professional assistance you need to be able to handle your financials
Our outsourced bookkeeping services are designed especially for small businesses, which is reflected in our affordable bookkeeping prices to match. And you won’t be compromising quality, as our experienced bookkeepers are also highly trained and offer many of the same benefits and IRS compliancy as traditional accounting company and CPA services.
Traditional Bookkeeping Rates
Traditional CPA and accounting companies provide useful bookkeeping and accounting services that help business owners achieve well-regulated books that can be used for making valuable business decisions and meeting important goals from budgeting to determining their working capital needs to setting prices for their products or services, which are all necessary to help their business grow.
During tax time, they also assist with tax preparation. However, because they typically work with larger businesses whose needs are more complex and whose financial reporting requirements are more rigorous, which can be more demanding and time-consuming, it is reflected in their rates. In fact, many accounting companies and CPA’s often charge by the hour, which can be costly and intimidating to the average business.
Therefore, if you are a small business with smaller projects, fewer transactions, and fewer reporting requirements, paying big bucks for professional accounting and bookkeeping can be unjustified. In fact, working with a traditional accounting firm or CPA, you can generally expect the following breakdown of costs:
Reports show that the average accountant charges around $150 an hour for their bookkeeping services. However, for more complex record-keeping, you can expect to pay bookkeeping prices as high as $400 per hour or more for services.
- Basic Tax Issues
Come tax time every business has its share of tax concerns or issues, which can cause the owner or owners to reach out for professional help. However, reaching out to an accountant company or CPA can cost you up to $600 for a basic tax consultation.
- Review Your Books
The accountant will usually also supply you with monthly and annual financial statements, which can take up to an hour and a half for him or her to prepare and review your books, which can cost up to $600 in the end.
Once your monthly statements are completed, the accountant or CPA can also assist you with interpreting them and also provide advice on making future business actions; however, it will cost you on average up to $400 or more for just a two-hour consultation.
Our Bookkeeping Rates
When you partner with us for your financial record keeping needs, our bookkeeping service prices are specifically designed for small businesses, which provides significant savings over traditional accounting companies and CPA charges.
For our one flat-rate fee starting at 100 USD monthly, you will receive:
- Compliant Bookkeeping
Like accounting companies and CPAs, our bookkeepers are also highly trained and experienced, so you can rest assure your books are kept according to IRS regulations to avoid inaccurate reporting, which can lead to costly fines and penalties.
- Personalized Books
Since accounting companies and CPA’s mainly work with larger businesses, whose record-keeping can be more complex, it can also mean that when you as a small business works with an accounting company or CPA to manage your books, your records will also be kept in a more complex form, which can make it harder to understand your records for yourself. It can also be costly to pay a CPA’s bookkeeping rates for help interpreting your books because they typically charge for a consultation. We can easily do most of the work for you, saving you not only a lot of time but money too.
However, with our outsource bookkeeping, your books are kept according to your specific business for a greater understanding of your records and financial performance, which provides you with greater confidence when viewing your books and making decisions. Furthermore, once you enroll in our service, should you have any questions or concerns about your records, you can reach out to your personal bookkeeper, who will assist you with interpreting records at no added cost.
We also provide outsourced payroll services, which offers an easy, budget-friendly, way of paying your employees and more, as well as outsource accounts payable services, which helps ensure your bills are always paid, your invoices are always sent out, and you get paid.
- Tax Advice
We understand that tax time can be overwhelming for small business owners, with all the forms to understand and deductions you may qualify for, and that is why as part of our online bookkeeping service, we also provide friendly tax advice.
If any time during the tax season, you need last-minute tax advice, simply contact our service, and we will be more than happy to assist you. We can also help you take advantage of any overlooked tax deductions, which can help save you money.
- Monthly and Yearly Review of Your Books
Our monthly review of your financial records helps ensure your books are always kept current and accurate, so they are ready to go when you need them. We also conduct annual reviews of your books, so they are organized and complete during tax time for improved assurance when filing.
Once your books are completed, they are also reviewed by other professionals on our staff to ensure accuracy and compliance, which helps prevent false reporting that can lead to costly fines and penalties.
- Ongoing Professional Support
With traditional bookkeeping services, any questions concerning your books often means scheduling a consultation with your accountant to address your issues, in which case you may be charged by the hour for assistance, which can cause you to put off important questions regarding your financials due to the cost.
However, once you sign up for our special bookkeeping rates and services, your bookkeeper is available to answer any questions you may have about your records at no additional cost. You can also check the progress of your books in real-time anytime you want by logging into your account where you will then be able to see which months are completed and which ones are still in progress.
If you are serious about your financials but worried about traditional bookkeeping service prices, it pays to look into outsourced accounting and bookkeeping, which is designed to be more affordable for small businesses. In doing so, it provides small businesses the same opportunity at accurate, compliant, professionally kept books as big businesses for greater confidence in your financials.
On the other hand, being charged by the hour for your service, especially if you are a growing business with a limited budget, can cause you to give up on your dream of obtaining well-maintained books that can help make your business more professional and instead risk doing it yourself, which can lead to various penalties and fines if not done correctly.
It is also easy to get started with our outsource services by contacting us to set up your account, during which time we will discuss your business needs and then provide you with a flat-rate bookkeeping cost. Once you have successfully set up your account, you will then enjoy all-out access to your financial records, as well as continued professional support and more.
Accounting Rates in Portland
For the best bookkeeping rates in Portland for professional Online Accounting Services at a fraction of the cost of any CPA contact us for all your accounting solutions. Overall, outsourcing your accounting tasks to a bookkeeping company should free up your time so you can concentrate on growing your business. Yes, this type of service does involve costs, but those are probably less than employing a full-time bookkeeper, and you get the benefit of having part-time services with full-time presence.
With accurate accounting in place, you can have peace of mind that any decisions you make will be informed, considered and right for your business. Fill out our quick questionnaire for a free custom consultation or send us a message on Facebook if you have something more specific to ask.
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