Hey everyone, first year in business for us here on the east coast as an S-Corp and looking for some ballpark advice on what your accounting costs are. We don’t have a massive amount of transactions but are finding we need help with the tax reconciliation/closing each quarter. We’ve been quoted $700 per quarter for month end closing and quarterly bookkeeping.
Is this is a reasonable range?
It totally depends on the amount of transactions you have and the complexity of those transactions. I’ve had companies that have had less than maybe 50 a month and I was charged roughly what you were charged. I didn’t have them handle payroll. I’ve seen some bookkeepers try to charge a standard monthly fee and others abide me a strictly hourly one.