I am just wondering, how much are you paying, or willing to pay for good bookkeeping and tax filing services? Do you expect bookkeeping services to include inventory tracking and generate other reports for management also?
My company nature is accounting and bookkeeping, so it became that way. And I can't seem to ever get the pricing right! I used to work in one of the big 4 accounting firm as a senior consultant mainly in business intelligent and data managment type of thing. Not a CA, not particularly like doing bookkeeping netiher.
Anyhow, I made a big leap of faith, quit my job and open my own consultant firm in 2005 bring along one large client contract, I was an independent contractor. I wrote a couple of blogs articles in 2007, and I guess a few catches the crowd so the start coming to me for bookkeeping and accounting stuff. I needed money, so I take on anything and everything and get myself certified in Quickbooks.
I originally charged a fix cost of 199 per month bookkeeping for small business, I hired a few bookkeeper but none of them turns out. Spend a lot of time training them, but still some of the more complicated stuff and trying to teach them to understand the client's business is a nightmare. I guess I myself expected more from them, it requires much more time and effort to make sure everything is correct and accurate than just data entry income and expenses. But with the price, I cannot find someone who can really up to the standard. I decided to raise the price, to 45 per hour or 250 a month fix costs. Well, I am not getting new customers, existing customers already voiced their concern about price increase.
Economy as everybody know take a nose dive, and my large company contract also go with the economy. I have to layoff my staffs, mind you I only have 3. Now I am doing everything myself.
So, I am very interested to see what your take in terms of how much are you willing to pay for bookkeeping and accounting services?