Outsourced Accounting Services for Small Business

Costs vary based on services required. Bookkeeping typically ranges from $40 to $90 per hour, with full packages starting around $1,250 monthly. Outsourcing is often more affordable than hiring full-time staff.

Bookkeeping rates range from $40 to $90 per hour, controllership from $100 to $175, and CFO advisory from $175 to $400. Fixed monthly fees are common and depend on transaction volume and service complexity.

Outsourcing avoids salaries, benefits, and training expenses. You pay only for needed services, which can lead to substantial savings and greater flexibility compared to in-house hires.

For general accounting, QuickBooks Online is our top choice due to its user-friendly interface, strong features, and seamless integration with outsourced accounting services. We also recommend a suite of other tools like Fathom for forecasting, and Dext for expense reporting. The goal of your accounting tool suite should be meaningful reporting that provides you with an accurate snapshot of your business and is flexible enough to change with you, without having to rebuild your reporting every month.

Evaluate providers for experience, service offerings, communication style, and transparent pricing. Look for firms that align with your business size, industry, and growth goals. A great accounting partner should ultimately help you make data-driven decisions and give you a monthly snapshot of your financial health.

At Milestone, we have helped hundreds of small business feel more confident in their accounting function at a lower cost than hiring an inhouse person or team.

Expect a thorough review of your financial systems, clear data sharing protocols, and an assigned point of contact to guide setup and integration. We will understand any specific goals you have and then take time to put the correct architecture and processes in place so that we communicate effectively and the financial reporting is accurate.

We meet with our clients on a monthly basis and use cloud-based forecasting tools for real-time financial visibility to ensure the business owner or executives have a clear picture of the overall business health and their most important financial KPIs. If you have an in house team working with us, we are flexible on communication in between the monthly close meetings, with the goal of proper alignment as we work within your accounting systems.