What Do Monthly Bookkeeping Services Cost for Farms?
22 Dec 2020 Accounting Services
Having professional bookkeeping services for your farm can make a major difference in how you view your finances and allows them to be more of an asset to you and less of a frustration. If you are looking at getting help with the books for your farm, it is important to know what monthly bookkeeping services cost for farms and who to talk to in order to get the best possible services for your particular needs. At Leskun & Son Accounting, we have been offering bookkeeping services to farms throughout BC’s Fraser Valley for years and we are always happy to help farm owners to monitor and plan out their finances.
What Determines the Cost of Bookkeeping for Farms?
There are a couple of factors that determine the cost of bookkeeping services for any business, including farms. Some items to consider when looking into bookkeeping for your farm to determine costs include:
What Will be Done In-House
If any of your bookkeeping or accounting will be done in-house, it is important to figure this out ahead of time. Knowing the division of labour between you and your bookkeeper will help you to get accurate pricing on your monthly costs.
Size of the Farm
Like any business, the size and scope of the work being done will play a key role in determining the price of the monthly bookkeeping package. More assets and transactions mean more work for a bookkeeper, and this will typically affect how much it costs to employ them.
The number of employees and labourers that work on a farm typically correlates with the size of the farm, and this number will also affect how much your bookkeeping services will cost.
The Bookkeepers Billing Method
There are many different ways that bookkeepers can bill for work. The amount you pay will depend on whether you hire out your bookkeeping to an organization that operates at an hourly rate or for fixed prices. Make sure you talk to your bookkeeper about the option that is best for you.
The type of bookkeeper you hire will also make a difference in how much you end up paying. A bookkeeper who specializes in work for farmers will be able to finish your work more efficiently and quickly, meaning that you often pay less in the long run even if their rates are slightly higher than other bookkeepers.
If you would like to find out more information about what monthly bookkeeping services cost for farms, or to learn about our wide range of bookkeeping and accounting services, please feel free to reach out to the team at Leskun & Son Accounting and we will help you find the information that you are looking for.