Bookkeeping Fees vs. In-House
How to Budget for Bookkeeping Services
Our Bookkeeping Approach
Testimonials
Our Bookkeeping Service Fees
Wisconsin's best value in small business accounting
Affordable Bookkeeping Services in Milwaukee & Madison
Small businesses across Wisconsin rely on our team for dependable, cost-effective bookkeeping services. The Giersch Group offers flexible bookkeeping services tailored to your monthly reporting needs, with transparent pricing and scalable service options.
The cost of bookkeeping services typically falls between 1% and 2% of annual revenue. A business earning $1M per year can expect a bookkeeping services fee from $10,000 to $20,000, or about $800 to $1,600 per month, depending on the level of service.
Bookkeeping service rates adjust based on your needs. While our monthly reporting package falls in the 1% range, services like payroll, bill pay or tax filings may affect your pricing. Use our bookkeeping cost estimator to get a quick breakdown of your potential monthly costs.
Professional Bookkeeping with Predictable Costs
At The Giersch Group, every bookkeeping service plan starts with a clear budget. We’ll align with your monthly and annual goals, then revisit the plan as needed to grow with your business. Small and family-owned businesses across Wisconsin trust The Giersch Group because the cost of bookkeeping services reflects both their needs and their bottom line. Reach out today to review your options.
Get your pricing
How Much Should a Small Business Pay for Bookkeeping Services?
Most small businesses pay between $800 and $1,600 per month for professional bookkeeping support. Freelancers often charge about $25 per hour but may lack the experience or tools needed to handle complex accounts. Larger firms charge $150 to $200 per hour, often pricing out smaller clients or offering limited service.
The Giersch Group offers bookkeeping service rates built around your business. Your monthly bookkeeping fee reflects the work involved, the complexity of your financials and the professionals assigned to your account. Instead of overpaying a large firm or taking risks with limited freelance support, small businesses choose The Giersch Group for expert service at a fair, consistent rate.
Contact our team for a personalized quote based on your business needs.
How Do Your Rates Compare to Hiring an In-House Bookkeeper?
Hiring an in-house bookkeeper often costs an average of $67,000 per year, plus benefits. This estimate varies depending on whether the person also handles admin or office management duties. The Giersch Group offers professional accounting support without the overhead. Our cost of bookkeeping services reflects only the work being done, not salary, benefits or office turnover. Many small business owners find outsourced bookkeeping delivers better financial reporting and more consistent results.
In-house bookkeepers may charge less per hour, but many lack the training to handle complex filings or audits. Our bookkeeping service rates offer long-term value and reliable support you can count on.
How to Budget for Bookkeeping Services:
Our Research
-Starting with the concept of a business model, you should have an idea of what percentage of revenue you can spend on key areas and still make a profit. Our article What should my business model be? explains how to create a business model and determine what percentage of revenue should be spent on bookkeeping.
Bookkeeping Costs for Corporations
+For corporate businesses, accounting costs are between 1-2%; many have an in-house accounting/bookkeeping team. Their total accounting costs can vary depending on the number of employees on the team, but each full-time salary can be about $55,000.
Fixing Bad Bookkeeping
+It's also important to consider how much you’ll need to spend to clean up your books. Often people come to us after years of neglect. For example, if a reasonable monthly payment for doing your books is $500, then cleaning up an entire year of neglect could be in the $5000 range.
Why Outsourced Bookkeeping is Worth the Cost
+It's crucial to consider the time you save by outsourcing your bookkeeping. According to one survey, the majority of small business owners said they spend more than 41 hours on tax preparation each year. Say that you spend 20 hours preparing your annual tax return. If you value your (or your employee’s) time at $50 an hour, the total cost of preparing the return would be: Cost of preparing tax return = $50 x 20 hours = $1,000 per year Preparing tax returns is only one piece of the puzzle, and valuable time must be spent on other accounting tasks such as payroll, invoicing, bill pay, and reconciling bank accounts. Additionally, it’s crucial to monitor your financial statements on a monthly basis, giving you a clear picture of where your business stands financially. Spending even 10 hours per month on these items would cost you $500 monthly using the same model above. Outsourced bookkeeping rates are a worthy investment because it gives your small business a greater chance of success and prosperity. At The Giersch Group, we offer a variety of services in addition to preparing our monthly bookkeeping packages, including business model comparisons and financial statements.
Keeping Costs Affordable with a Better Approach to Bookkeeping
Managing financial records involves multiple steps, often divided across departments in larger companies. At The Giersch Group, clients receive coordinated support from a dedicated team at a competitive bookkeeping services fee. Our approach gives small businesses access to professional guidance without the high cost of in-house staffing. By keeping bookkeeping service rates reasonable and transparent, we help business owners gain clarity and stay on budget.
Controller
Each client works with a controller who functions as a personal account manager. Your controller will focus on the financial areas most important to your business, delivering accurate, timely reporting while overseeing your full bookkeeping support team.
Bookkeepers
The Giersch Group bookkeeping services provide full accrual accounting, accurate reporting, and a clear picture of the financial health of your business so you can make better decisions. Schedule your free consultation to find out how our experienced professionals can benefit your business.
Giersch Group Bookkeeping Rates
Currently, our hourly fees for bookkeeping services are:
Giersch Group business review cost
Giersch Group business reviews can range from $2,500 to $8,000 depending upon the size, complexity and purpose of the review.
Giersch Group Business Management Consulting Board Services Fee
The typical fee for board services is $1,000 per month, plus mileage and expenses. This can vary based on the complexity of the business and the necessary work between meetings. Consulting sessions often supplement our standard bookkeeping service rates.
Family-Run Business Board Services Pricing
The cost of our next-generation board services is $1,000 per month, plus mileage and expenses. The monthly fee may vary based on the complexity of the business and the work done between meetings. This can be structured in combination with your ongoing cost of bookkeeping services.
Bookkeeping services for every business
No matter what industry you work in, the Giersch Group provides the best value in bookkeeping:
Real Testimonials from Giersch Group Customers
Wisconsin Bookkeeping and Consulting Firm with Affordable Rates
The Giersch Group serves small businesses and nonprofits from offices in Milwaukee, Brookfield and Madison. We work with clients across southeast Wisconsin, including Waukesha, New Berlin, Oak Creek, Muskego, Mequon, Menomonee Falls, Sun Prairie, Middleton and nearby communities.
Our bookkeeping services fee is based on the support your business needs. We provide flexible options, from basic bookkeeping to full consulting packages. The cost of bookkeeping services reflects the depth and complexity of work involved.
In addition to monthly bookkeeping, we offer payroll processing, tax compliance, accounting software training and virtual CFO services. Our bookkeeping service rates deliver consistent value and professional results.
Contact the Giersch Group online to get a free consultation and personalized quote for our services.
