How Much Does It Cost to Outsource Accounting? (Full Breakdown for Small Businesses)
When you’re running a small business every dollar counts, and so does every hour. That’s why many owners eventually ask, how much does it cost to outsource accounting?
Outsourcing lets you work with professional accountants without the trouble of hiring, training, or managing a full-time team.
At Skyline Financial Management, we help business owners make their accounting function easier while keeping costs in check.
Why Small Businesses Outsource Their Accounting Function
As your business grows, your accounting tasks grow too. Things like payroll, reconciliations, and compliance reports take time and need to be done right. If you have ever felt overwhelmed, outsourcing can give you back your time and reduce your stress.
You can easily outsource your accounting function to a trusted team instead of setting up a full accounting department. This not only saves money but also makes sure that skilled CPAs take care of financial reporting, tax planning, and compliance.
Cost of Outsourced Accounting Services and What You Should Know
So, how much does it cost to outsource accounting for small businesses? The answer depends on a few factors:
1. Scope of Work
Some owners just need bookkeeping, while others want more advanced help like franchise tax services or cash flow forecasting.
2. Business Size and Complexity
If you are a sole proprietor, you will usually pay less than a multi-entity LLC with multiple income streams.
3. Frequency of Services
Some businesses only need monthly check-ins, while others need daily support.
Typical ranges include:
● Basic bookkeeping usually costs between $500 and $1,500 per month.
● Full-service accounting teams can range from $2,000 to $5,000 per month.
● Specialized services, such as taxes on stocks and bonds, are priced on a custom basis depending on your needs.
How Outsourcing Saves You More Than It Costs
Hiring an in-house accountant can cost between $60,000 and $80,000 a year, and that’s before you even add benefits and overhead. Outsourcing gives you the same level of professional expertise but at a much lower cost.
It also helps you avoid risks like IRS penalties or mistakes in financial reporting. When Skyline Financial Management handles your accounting tasks, you can focus more on your customers, cash flow, and growing your business.
Curious about outsourcing? Talk to an expert today and see how outsourcing can fit your business needs.
What’s Included When You Outsource Your Accounting
Outsourcing isn’t only about bookkeeping. If you want to know how much does it cost to outsource accounting, it’s really about creating a reliable accounting function for your business.
Depending on the package you choose, you might get:
● Bookkeeping & Reconciliations.
● Payroll Processing.
● Financial Reporting.
● Cash Flow Forecasting.
● Business Tax Services.
● S-Corp Tax Preparation Services.
● Taxes on Stocks and Bonds.
This freedom lets you pick what works best for your business right now, while still giving you space to scale as your business grows.
Benefits of Outsourcing Your Accounting
Here’s why outsourcing pays off for business owners:
1. Cost Savings
You can avoid the high cost of hiring full-time employees. And still, you can get the same level of professional support by outsourcing your accounting function to experienced experts.
2. Scalability
You can add or take out any services as your business changes. This gives you the flexibility to adjust your accounting function without the stress of hiring or cutting full-time employees.
3. Compliance & Accuracy
You can always keep up with your tax deadlines and financial reporting by outsourcing your accounting function. You can make sure everything is accurate, compliant, and ready on time.
4. Better Cash Flow Management
Outsourcing your accounting function helps you understand where your money goes and how to improve it. It gives you better insights into cash flow, spending habits, and overall financial health.
5. Business Growth Support
You can free yourself from accounting tasks to focus on expansion. This allows your time and energy to go into growing your business and reaching new customers.
Skyline’s CPA helps small businesses succeed by offering timely, accurate, and strategic accounting services.
FAQs About Outsourced Accounting Services
-
Most small businesses spend anywhere from $500 to $5,000 per month. The exact cost depends on how complex the work is and the scope of services they need.
-
Yes, outsourcing provides cost savings. It’s much more affordable than hiring and managing full-time employees for your accounting function.
-
You can outsource bookkeeping, payroll, and financial reporting. You can also get services like S-Corp tax preparation services, franchise tax services, and even handling taxes on stocks and bonds.
-
Outsourced accounting gives you the time you need, transparency in your cash flow, and error-free reports. It helps you make smarter and more confident business decisions.
-
Yes. Outsourced accounting is flexible, which allows you to start small and add more services as needed.
How Much Does It Cost to Outsource Accounting for Your Business?
So, how much does it cost to outsource accounting for your business? The cost of outsourcing will depend on your goals and how much support you need. For small businesses, it usually falls between $500 and $5,000 per month.
Even if it feels like a big step at first, outsourcing is worth it because it saves money, gives you mental peace, and keeps your business compliant.
At Skyline Financial Management, we create accounting services personalized to small businesses, so you only pay for what you actually need. We become your financial partner, guiding you through every stage of growth.
Ready to outsource your accounting function and save time, money, and stress? Get in touch with us today to get started.
