Online accountant prices vary, based on the services you need and how often you need them. For example, if you need help with complex tax deductions, a CPA will likely charge more than an accountant who does not specialize in this area. Accountants usually charge by the hour or on a per service basis. According to the Bureau of Labor Statistics, the average accountant hourly rate is $40.
You may also pay a monthly fee to work with an online accounting firm. This can be beneficial to small businesses that do not want to commit to a full-time accountant. NerdWallet recommends checking out reviews to see what other users have experienced with each online accounting firm you’re considering.
In addition to the hourly rates, accountants can also charge on a proposal-based or fixed-fee structure. With a proposal-based structure, an accountant gives you an estimate of how long it will take to complete a project, then charges you accordingly.
Another way to reduce your cost is by using accounting software, such as invoicing, bank connections and receipt storage. This will cut down on the amount of time an accountant has to spend balancing your books.
Some online accounting firms offer add-on services, such as payroll management, strategic business planning and new company formation. Other companies provide a starter package with day-to-day bookkeeping and accounting reconciliation for $150 to $500 a month. Those looking for more in-depth financial advice can upgrade to a mid-tier or premium package that offers cash flow management, accounts payable and receivable and expense tracking. Онлайн счетоводител цени