How Much Are Our Monthly Bookkeeping Fees?
Our monthly bookkeeping fees range from $250 – $500 on average. This price varies based on the number of bank and credit card accounts you have and the average number of transactions your business transacts monthly.
We don’t charge our clients hourly because we believe in value adding and work based pricing.
Our monthly bookkeeping fees include monthly consultations with our bookkeepers to address updates, questions or concerns. This is in the form of phone calls or emails. It is completely up to you.
Our monthly bookkeeping fees include a one time setup fee of $150. This fee compensates for the time it takes to connect your bank accounts and credit cards to our accounting software. It includes the time for setting up your chart of accounts, monthly reports, and integrating your financials to our system.
Our monthly bookkeeping fees are fixed. There will be no surprises on your bill.
No Long Term Contracts
Contracts with LYFE Accounting are month-to-month. Meaning we do not sell long term contracts. Our belief is that we do not need to lock you into our services for you to see the value we add. We want to build a trusting and lasting relationship with you and your business and we do not need long term contracts in order to accomplish that.
Value of Monthly Bookkeeping Services
There are countless benefits in having a bookkeeping function in your small business. It is a vital part of running your business and ensuring success.
Allowing us to tackle the headache and frustration that bookkeeping can bring will allow you the time and focus on growing your business to the next level.
Benefits Bookkeeping Brings
The purpose of bookkeeping is to review your financial statements and make profitable business decisions. In essence, it provides the financial insight necessary to grow your business. How else would you know if your company is profitable? How else would you know your sales every month? The answer is small business bookkeeping services. With up to date bookkeeping, you will be prepared to make well informed business decisions.
Chances are, you are not an accountant. You are a business owner who specializes in a non accounting product or service. We are knowledgeable bookkeepers, accountants and CPAs who use our skills to make your life easier every single day. You no longer need to worry about learning technical accounting concepts or how you need to record expenses. Leave the bookkeeping and journal entries to us. We are the experts.
Regular bookkeeping offers you a number of benefits including books that are accurate and organized. With bookkeeping, you are able to keep better track of all of your revenues and expenses and ensure that all of your customers are being billed correctly and all of your vendors are being paid on time.
Bookkeeping services gives you your time back. No matter if your business is just starting out or has been in business for over 30 years, bookkeeping is time consuming. With your books in our hands, your time is freed up to deliver higher quality service to your own customers, while also improving your productivity. You won’t ever get bogged down with bookkeeping errors or trying to understand technical accounting entries. We are experienced and well equipped in supporting you with your accounting needs.
Bookkeeping services save you money. With updated financials, you are able to take full advantage of all tax deductions available to you. You also don’t have to scramble around looking for receipts on previous transactions.
You also save money by hiring externally. An in-house bookkeeper will cost you anywhere between $40k-$50k annually. Outsourced bookkeeping is only a small fraction of that.
Speaking of taxes, bookkeeping makes for a smoother tax process. Financial reports are already reconciled and prepared, making filing your small business tax return a breeze.
What to Expect When LYFE Accounting Handles Your Books
Expect a smooth transition, ongoing support and quality service. Once we become partners, we will send you a short questionnaire to learn more about your business. Then, we will integrate your current books with our software or we can start completely fresh, whichever you prefer. We organize your accounts according to your preferences and business needs. We will customize your books in our system to “read” your transactions so monthly categorizing is efficient. Every month, you can expect a complete report of accurate financial statements which include: the balance sheet, and income statement. We can also generate custom reports tailored to your preferences.
Why Use LYFE Accounting For Your Bookkeeping Solutions?
LYFE Accounting is your partner in business. We are experts in accounting and are ready to serve all of your bookkeeping needs. We use the latest and greatest technology, making our bookkeeping process efficient and streamlined, which ultimately means a cheaper price to you. We never compromise on data security and you can be assured that your information is safe with us.
We deliver the best customer service and are responsive to all of your questions and concerns. Let us show you how simple and awesome it is to work with us!
Ready to relieve your bookkeeping headache? We are ready. Get in touch!