cost of bookkeeping services

Researching other bookkeeping businesses in detail to determine ways their business succeeds and what they could do to improve their business is another way to encourage your own business’s success. You can choose to run a remote bookkeeping business, meaning you will be able to work from home (or even a tropical beach if you choose). Many businesses prefer to hire a remote bookkeeper bookkeeping for startups and may only request video calls to discuss their expectations and your findings. Being able to run a remote business gives you much more freedom with your time and lifestyle and you can save money on your daily commute. You will have few equipment requirements and your start-up costs and running costs will be fairly low, making it easier for you to maximise your profits.

When you’re deciding how much to charge for your services, it can be tough to strike the right balance between profitability for your practice and affordability for your clients. If you’re having trouble pricing your bookkeeping services, here are some tips to help you get started. Sutherland Black offers great bookkeeping services to many of our clients. We use Xero to carry out the bookkeeping for our clients which as it is Cloud Accounting Software means the client can have a real time view of their financial information at all times. We can provide a comprehensive bookkeeping service where we deal with all the financial information for your business or just support you with doing your bookkeeping.

Do I Need A Bookkeeper or an Accountant Or Both?

You only need this service if you want us to complete the bookkeeping on your behalf. I have used The Accountancy Partnership for just over 2 years and they have been brilliant. They also provide fantastic additional advice that can help me run my own business more efficiently. Your documents are diligently entered into our free bookkeeping software Pandle, or other suitable software. If you’re struggling or don’t have the time to complete and submit, we can do this for you. All prices quoted are plus VAT and our terms are 7 days payable by direct debit.

  • Check out our recent webinar on how to boost your self-worth and shake up your pricing to help you re-energise your bookkeeping practice.
  • We provide you a dedicated bookkeeper to work from your office or ours who will manage your records on a monthly basis and notify you for any issues which may arise.
  • Essentially, a bookkeeper helps a company or business keep its finances in order.
  • Companies with an annual turnover of £0 – £100,000 must pay £100 to an accountant for VAT returns.
  • “Being a start up company and not having a clue about Tax returns, I turned to The Financial Management Centre.
    Kass could not have made it easier f…”

If you don’t do this, it could create financial issues for the company, or even result in legal implications. As you gain experience and your business grows, you can begin to charge premium prices. The larger the revenue of the businesses you work with, the higher your price points will be. Businesses are willing to pay top prices for the best bookkeepers who can help improve their finances and this is something you can take advantage of. You may initially operate your business independently and then hire more bookkeepers and other staff as your business grows.

Fixed price/Flat fee

You must register your business with HMRC before you begin operating. You will need to register your business name and any other relevant information. If your business has five or more employees, risk assessments are legally required. Your risk assessments should identify any potential hazards and risks and how these can be reduced or eliminated. All your personal and business passwords should be set up with two-factor authentication.

This makes collaboration between clients and their accountants infinitely easier and means small businesses can benefit from great financial information like their bigger counterparts. Let us take care of your London bookkeeping services, allowing you to free up your time to focus on running and growing your business. Plus when it is time to complete your year-end accounts, this task becomes much simpler. We can ensure that all your VAT and Tax records are up-to-date and ensure that you complete your HMRC tax returns accurately and on time, thus avoiding any penalties. Here at The Financial Management Centre we value your time and understand that certain aspects of your business make a remote accountancy and bookkeeping service a preferred option for you. With our remote accountancy service, we have everything needed to enable us to carry out accountancy any time and anywhere.


Put simply, it’s the art of keeping financial records and updating these records over time. Need to hire a Bookkeeper for your business but confused about costs? Read on to find out how much you’ll pay for a Bookkeeper in the UK based on the nature of the service and the size of your business. It’s only natural to feel worried about charging too much or charging too little, but your pricing doesn’t have to be perfect at first. Once you start to understand your annual revenue and get a clearer idea of how long it takes to complete tasks, you’ll be able to estimate your pricing with greater confidence. Accounting software like FreeAgent can help you explain bank transactions in bulk, run reports across your whole client base and set up alerts to notify you that a client’s VAT return is due.

cost of bookkeeping services