How Much Does Bookkeeping Cost in Prior Lake?
The cost of a bookkeeper for your Prior Lake based business can vary widely.
You can start by clicking here and filling in this form to get custom quotes for Prior Lake 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 Prior Lake. You can find a list of Prior Lake bookkeepers above or click here to fill in this form to get custom quotes.
Finally, we cover the costs of hiring a full-time Prior Lake bookkeeper in more detail below.
What Software Can I Use For Bookkeeping in Prior Lake?
There are many popular bookkeeping software options available for Prior Lake based businesses.
The 5 most popular options for Prior Lake businesses are:
1. Freshbooks
- Monthly cost ranges from $6.80 to $22 per month for Prior Lake businesses
- Free trial available
- Use for fast and easy invoicing and payments
- Ability to track Prior Lake taxes owed
- Partnership with Bench for a real human bookkeeper available as a paid add-on
2. Quickbooks
- Plans for Prior Lake businesses range from $15 to $200 per month.
- Offer a paid QuickBooks-certified bookkeeper option
- Offer an Accurate Books Guarantee for your Prior Lake bookkeeper
- Track Sales and Prior Lake sales tax
- Track Income, expenses, invoice and payments
3. Zoho Books
- Free for Prior Lake businesses doing less than $50k a year in revenue.
- Price range of $15 to $240 per month for larger Prior Lake 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 Prior Lake businesses
- Has partnership program for Prior Lake accountants & bookkeepers
- Offer an all-in-one accounting software solution
- Ability to use bank connections to track trasnations
- Automatically calculate Prior Lake sales taxes on transactions, and use reports to prepare Prior Lake sales tax returns.
5. Patriot Software
- Offers two plans for Prior Lake 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 Prior Lake?
A full-time Prior Lake 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 Prior Lake 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 Prior Lake bookkeeper?
If the salary above seems too high, you may want to consider hiring a part-time Prior Lake 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 Prior Lake bookkeepers certified?
Unlike CPAs, there is generally no legal requirement to be certified or have a license to be a Prior Lake 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 Prior Lake 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 Prior Lake bookkeeper if they are have either one before hiring.
What’s the easiest way to find a Prior Lake bookkeeper?
Easy, just click here and fill out the form and relevant bookkeepers serving Prior Lake will be in touch.