Just wondering what everyone is paying for Accounting and Book keeping. We're in Alberta and trying to compare/ see what is reasonable. Also curious what all your book keepers offer - we meet monthly right now with ours and bi-annually with our CPA.
I would also compare who is actually providing the financial strategy. A bookkeeper may handle the day-to-day records and reconciliations, while a CPA can help more with taxes and planning. If you want someone looking forward at cash flow, profitability, pricing, growth, and financial decisions, that may be more of a fractional CFO or advisory role. I’d definitely ask what level of strategy is included in the price.
This will really be a hard question to answer because reasonable is relative. It really depends on what you are seeking from a bookkeeper and accountant. Also how big are your operations is critical, like the number of transactions reviewed monthly, the number of balance sheet accounts that need to be reconcile, does your service include tax planning and tax preparation, accrual base accounting, WIP reporting, the list can go on.
I appreciate your curiosity but I also wanted you to consider a lot of factors that determines pricing. Hope this helps.
