Understanding Pricing and Clients in Bookkeeping

📚Bookkeeping clients can vary in size and needs, ranging from small to large businesses.

💰Pricing for bookkeeping services should be based on factors such as the amount of work involved and the client's budget.

💼Medium and large clients may require additional tasks such as bill pay, categorizing income, and assisting with payroll.

🧾Receipt management and check writing are common tasks for bookkeepers.

👥The number of employees a client has can impact the volume and complexity of bookkeeping tasks.

How do I determine the pricing for my bookkeeping services?

—Consider factors such as the size and needs of the client, the amount of work involved, and your own desired hourly rate or fixed fee.

What additional tasks might be required for medium and large bookkeeping clients?

—Tasks such as bill pay, categorizing income, and assisting with payroll may be needed for medium and large clients.

What are some common tasks performed by bookkeepers?

—Common tasks include receipt management, bank reconciliation, expense categorization, and financial reporting.

How do I handle confidential information from clients?

—As a bookkeeper, it is important to maintain client confidentiality and follow privacy and data protection regulations.

Should I charge per transaction or use hourly/fixed pricing?

—The choice between per transaction and hourly/fixed pricing depends on your business model and the needs of your clients. Consider factors such as the volume and complexity of transactions.

00:00Learn about different types of bookkeeping clients and how to price your services based on their size and needs.

03:40Example of a small bookkeeping client, such as a preschool, including pricing and additional tasks.

07:16Example of a medium-sized bookkeeping client, such as a law office, including pricing and additional tasks.

09:29Key insights into bookkeeping pricing and client management, including considerations for determining pricing and common tasks performed by bookkeepers.