How Much Does Bookkeeping Cost in Old Lyme?
The cost of a bookkeeper for your Old Lyme based business can vary widely.
You can start by clicking here and filling in this form to get custom quotes for Old Lyme bookkeepers and bookkeeping services.
The cheapest option is just to use software such as Freshbooks, Quickbooks, or Zoho Books.
Some of these have free plans and generally don’t cost more than $200 per month for basic bookkeeping. But do, require you or someone at your company to keep the records up-to-date.
The next cheapest option is to hire a freelancer which can cost anywhere from $10 to $200 per hour on sites like Upwork.
However, your best option may be to hire someone locally in Old Lyme. You can find a list of Old Lyme bookkeepers above or click here to fill in this form to get custom quotes.
Finally, we cover the costs of hiring a full-time Old Lyme bookkeeper in more detail below.
What Software Can I Use For Bookkeeping in Old Lyme?
There are many popular bookkeeping software options available for Old Lyme based businesses.
The 5 most popular options for Old Lyme businesses are:
1. Freshbooks
- Monthly cost ranges from $6.80 to $22 per month for Old Lyme businesses
- Free trial available
- Use for fast and easy invoicing and payments
- Ability to track Old Lyme taxes owed
- Partnership with Bench for a real human bookkeeper available as a paid add-on
2. Quickbooks
- Plans for Old Lyme businesses range from $15 to $200 per month.
- Offer a paid QuickBooks-certified bookkeeper option
- Offer an Accurate Books Guarantee for your Old Lyme bookkeeper
- Track Sales and Old Lyme sales tax
- Track Income, expenses, invoice and payments
3. Zoho Books
- Free for Old Lyme businesses doing less than $50k a year in revenue.
- Price range of $15 to $240 per month for larger Old Lyme businesses.
- Offer an online bookkeeping program designed for small businesses
- Offers a multi-user interface
- Free customer support over email, phone, and chat.
4. Xero
- Plans normally priced between $13 and $70 per month for Old Lyme businesses
- Has partnership program for Old Lyme accountants & bookkeepers
- Offer an all-in-one accounting software solution
- Ability to use bank connections to track trasnations
- Automatically calculate Old Lyme sales taxes on transactions, and use reports to prepare Old Lyme sales tax returns.
5. Patriot Software
- Offers two plans for Old Lyme businesses $20/month or Premium for $30/month.
- Designed especially to be used by small businesses
- Unlimited number of users, including your accountant
- Use either (or both) cash-basis or accrual accounting
- Free USA-based support
What is a typical bookkeeper salary in Old Lyme?
A full-time Old Lyme bookkeeper makes sense if you have ongoing bookkeeping needs beyond what software or a freelancer can realistically handle.
Nationally the annual salary of a bookkeeper ranges from a low of $29,917 per year to high of $61,027 per year with an average of $42,729. So in most cases you should expect to pay a full-time Old Lyme bookkeeper somewhere in that range.
Just keep in mind that does not include benefits, such as health-insurance, 401k, etc.
What is the hourly rate of a Old Lyme bookkeeper?
If the salary above seems too high, you may want to consider hiring a part-time Old Lyme bookkeeper.
The national average hourly rate for a bookkeeper ranges from a low of $14.67 per hour to a high of $29.93 per hour with an average of rate of $20.95. Again this excludes the costs of benefits.
Are all Old Lyme bookkeepers certified?
Unlike CPAs, there is generally no legal requirement to be certified or have a license to be a Old Lyme bookkeeper. However, there are two national organizations that do provide certification for bookkeepers.
These are the the National Association of Certified Public Bookkeepers (NACPB) and the The American Institute of Professional Bookkeepers (AIPB).
The AIPB exam allows Old Lyme bookkeepers to use the Certified Bookkeeper (CB) designation. Those who earn their certification through the NACPB can use the Certified Public Bookkeeper (CPB) title.
Therefore, make sure to ask any potential Old Lyme bookkeeper if they are have either one before hiring.
What’s the easiest way to find a Old Lyme bookkeeper?
Easy, just click here and fill out the form and relevant bookkeepers serving Old Lyme will be in touch.