Bookkeeping services - does this seem reasonable? entrepreneur how earn by blogging blog

I've been doing bookkeeping for a number of years, but mostly in a highly specific (and complicated) niche. I am going to branch out and start offering remote bookkeeping services to small businesses, and thought I'd check to see what you folks think of what I'm planning to offer (note: this is Canadian based).

Mainly, I want to get a sense of whether what I'm thinking of charging seem reasonable. Here's what I was planning to offer:

Base Services Provided -- $125/month flat fee

• Expense tracking -- you provide the receipts, I'll make sure they are posted to the accounting software properly
• Accounts receivable tracking -- you send the invoice, and I'll take care of ensuring that it gets paid, sending out reminders on 30, 60, and 90 days overdue
• Bank reconciliations
• A monthly summary of your business's financial position with all relevant data (bank balances, AR situation, profit/loss summary compared to budget, compared to last month)
• Accounting software subscription

Optional Services:

Payroll for up to 5 employees -- $50/month:

• Run payroll, calculate taxes
• Direct deposit into employee bank accounts
• File & pay taxes
• ROEs upon request

Contractor Payments for up to 5 contractors -- $50/month:

• Payout to contractors
• Create and file T4as
• Calculate and remit Workers Compensation

For example, if you had a cleaning company with 2 contracted cleaners, you would pay $175 a month.

Or, if you had a power washing service, but you did all the work, then you'd pay $125/month.

Any thoughts on this? Does this seem like a reasonable amount to charge for bookkeeping services? Am I overcharging? If so, why? Am I undercharging? By how much?

Thanks for the feedback

submitted by /u/garfonzo
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