To answer OP's question, we had close to 210 bookkeeping and payroll clients between 6 full-time bookkeepers and 1 part-time bookkeeper and several tax people who helped with books when tax was slow, which wasn't really ever. Just one client of 25 had enough work for an in-house accountant and they were increasing revenues and expenses each month. Boss wanted me to get up to 39-40 clients and I had to admit it was over my head.
Company only billed out an average of $50/hr which made covering the rent, utilities, desk and supplies in an expensive US market tough. I was only bookkeeping (minus payroll and sales tax) and had 25 entites for payroll, maybe 7 of which had full-charge bookkeeping service duties also. I consider that firm to be small to mid-size. I just left a company that does tax and bookkeeping services. But that's why I don't think you see as many large bookkeeping companies in the style of ADP and Robert Half. I don't see there being enough companies willing to pay upwards of even $2000/ month for bookkeeping to sustain a bookkeeping company with more than 2-3 accountants. Assuming a company that you can charge $3500 a month for takes around 20 hours a week of work, you can only manage 2 or maybe 3 of those as one person and you get a different problem with scaling.
#Freelance bookkeeping companies full
Well, like I said the most you can really charge a company for bookkeeping is like 3,000-$3500/month or so before it just becomes easier and cheaper for them to hire a full time admin assistant or bookkeeper that will work with in house. We want lower number of clients, but higher fees.
They'll put me out of business." Then I realized that they only prepare cash basis statements with their predetermined chart of accounts and realized I'd be fine. I used to think "how can they get away with charging $150/ month for statements. The big enterprise bookkeeping service companies like Bench offer really impersonal service. Now scale that even bigger, it doesn't seem stable to me. 2) Turnover of bookkeepers will be more frequent meaning quality of work will decrease for a time or stagnate while training occurs etc. 1) The manager will not be able to ensure quality for 30-40 companies regularly. When you hit that many people working under one person, a few things are gonna happen. In order to pay for a manager that can be in charge of an accounting department at my firm, I would need to have 3-4 bookkeepers billing out around 100 hours a month, which means 30-40 clients. It takes me 6 months to a full year to really get to the point where I know everything about a client and their needs also. However, I have to manage around 10 - 15 companies each month to cover the cost of having me (salary, extra desk, supplies) and to add value to the company. The majority of the companies I work for take 5-10 hours a month of work which is a good deal for them. Take this example: My company charges $75/ hr for bookkeeping services. Also, there is a limit to what you can charge as an outsourced bookkeeper before it becomes cheaper and better to just hire a full time accountant. The problem with a company the size of say, ADP, focusing on bookkeeping is that bookkeeping is very specific to every company and requires real investment from an employee.
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