What are some standard bookkeeping service fees?

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.

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.