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Bookkeeping services1/9/2024 On the other hand, with accrual-based bookkeeping, income and expenses are documented when they are earned and paid. With cash-based bookkeeping, the client’s revenue is tracked as it is received, and expenses are documented as they are paid. The systems used can vary widely and an additional fee applies. This service trains the clients on bookkeeping and basic accounting system so they are able to do the bookkeeping themselves. However, this only applies when the client is doing the bookkeeping themselves. This type of service makes sure that the books are accurate and on time on a regular basis. bank account transactions, accounts payable, bill pay, managing bank accounts, receipt management), reconciling all transactions, and getting all the data in the system. This includes bookkeeping tasks, such as keeping track of all the financial records of a business entity ( e.g. Here’s a sample list of the kind of services you can include in your packages: What Bookkeeping Services Can Be Packaged? It is easier to upsell your customers to more expensive levels when you have different tiers of services available. It helps you and your client be transparent with the services your firm offers which will help boost your team-client relationship. You can focus on more important tasks and avoid queries about what is and what is not included. Your packaged service offers help your clients understand the process of how you perform and finish tasks. Here’s another example of bookkeeping, accounting, CFO, and tax preparation services all bundled together for small businesses: Why Does Packaging Your Bookkeeping Services Matter?Ī bookkeeping business or firm should package services because:Ī fully detailed service package is a time saver, avoids repetitive queries, and is more efficient in boosting your revenue and target market.Ī packaged service is repeatable so you’re very likely to have effective methods in place to complete the work. Here’s an example of how this firm packaged up a variety of its services, including basic accounting services, bookkeeping, and advisory services: Here’s an example of bookkeeping-only plans by Pilot: The pictures below are examples of what bookkeeping and accounting services packages can look like: When done right, packages provide substantial value to clients, help firms realize substantial profit margins on your services, and improve the client experience. It includes the type of bookkeeping services involved, optimization of bookkeeping processes, the technology required to handle the books, and anything else that delivers value to your target audience.įor many firms, developing a package is the first step on how to start a bookkeeping business. What Does Packaging Your Bookkeeping Services Mean?Ī package is a collection of services and features that you bundle up into a single offering that oftentimes comes with a flat fee or value-based pricing structure. How to Package Your Bookkeeping Services.What Bookkeeping Services Can Be Packaged?.Why Does Packaging Your Bookkeeping Services Matter?.What Does Packaging Your Bookkeeping Services Mean?.In this guide, I’ll describe how to package bookkeeping services in a way that’s highly profitable but also very appealing for your clients.
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