Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports weddings
CostHelper > Small Business  > Accountant

Accountant Cost


How Much Does an Accountant Cost?

 
 average costRange: $150-$400 an hour 
post Post    
  Typical costs:
  • Accountants charge $150-$400 or more an hour, depending on the type of work, the size of the firm and its location. You'll pay lower rates for routine work done by a less-experienced associate or lesser-trained employee, such as $30-$50 for bookkeeping services.
  • An accountant's total fee depends on the project. For example, if you're considering buying a San Francisco Bay Area business that's for sale for less than $1 million, an accountant's fees for a "due diligence" evaluation of all financial aspects of the company and the transaction could run $5,000-$25,000, according to SFGate.com[1] .
  • For a simple start-up, expect a minimum of 0.5-1.5 hours of consultation ($75-$600) to go over your business structure and basic tax issues. Generally monthly, quarterly and annual financial statements are prepared by a bookkeeper or someone using accounting software, but it can take 0.5-1.5 hours ($75-$600) for an accountant to review these reports looking for trends or discrepancies, and to interpret them, giving advice on future actions.
  • The owner of an established Northern California retail store with 12 employees generates her own monthly financial statements using QuickBooks software but budgets about $300-$400 annually for two hours of consultation with her accountant. Your needs will vary depending on the complexity of your business and your industry, and how much you already understand about business finances.
Related articles: Business Tax Preparation, Accounting Software, Bookkeeper, Payroll Service

What should be included:
  • Good accountants do much more than just record numbers or produce financial reports; they provide guidance and advice, converting your financial data into business information that can be acted upon, according to Gaebler.com[2] . Depending on your needs, an accountant can help you choose the most appropriate business structure (sole proprietorship, partnership, corporation); determine your working capital needs; set up your overall accounting system; prepare tax returns and give ongoing advice on peak tax efficiency; guide you in understanding and interpreting your standard financial statements; and assist with budgeting, cash flow management, internal controls, lease-or-buy decisions, inventory strategies, pricing and other consulting to help your business grow.
  • Certified public accountants (CPAs) have passed a rigorous exam and are licensed by the state in which they work. The National Society of Accountants[3] lists a number of official designations, such as accredited business accountant (ABA).
Shopping for an accountant:
  • SmallBusinessNotes.com[4] gives tips for selecting the right accountant. It's best to choose someone you feel comfortable with, who has experience in your particular industry.
  • Referrals are available from your state CPA society[5] , The National Society of Accountants[6] and The American Institute of Certified Public Accountants.
  • Intuit[7] lets you search for local accounting and bookkeeping professionals who are certified to work with its QuickBooks software.
  • Ask other local business owners for referrals and check your state board of accountancy for a CPA's license status.
post Post    
CostHelper News


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With an Accountant
 
Subject:  *
Amount Spent:  * per hour
Accountant: Type of Service: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.sfgate.com/business/article/MIND-YOUR-BUSINESS-How-much-you-ll-pay-advisers-2466315...
  2.  www.gaebler.com/Choosing-Accountants.htm
  3.  www.nsacct.org/uploadedFiles/professional/newcredentials%20WEB.pdf
  4.  www.smallbusinessnotes.com/business-finances/selecting-an-accountant.html
  5.  www.taxsites.com/cpa-societies.html
  6.  web.memberclicks.com/mc/directory/viewadvancedsearch.do?orgId=nsacct
  7.  proadvisor.intuit.com/acm/alpha/search-criteria-v2.html?latitude=034.063&longitude=-118...
More Small Business Topics
Check Out All Costs for Small Business How Much Does a Business Sale Attorney Cost? How Much Does a Motivational or Keynote Speaker Cost? How Much Does Payroll Service Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Portneuf medical hospital ER
Paid: 210.00
they told us that the bill for the ER visit was only $210. later on we receive a bill for $1000. i got around 4-6 blood tests. all im mad about is that they lied to us... [more]
-Gino Smile
Blood Tests Cost
Renovation ducting...never had central AC
Paid: 1250.00
Renovating a guest house that never had central AC, therefore had no ducting...owner removed the ceiling as it had to be replaced anyway... [more]
-CPace
Ductwork Cost
Flu symptoms
Paid: 5932.68
Couldn’t stand headache pain when I caught the flu in March 2019. Threw up pain relievers, couldn’t eat or drink. After 5 hours of pain decided to hit ER... [more]
-GayLynn
Emergency Room Visit Cost
Financing
Paid: 20000.00
How do people afford wells? No one finances?... [more]
-Kourtney
Well Drilling Cost
1 yr 23lb Male Neuter
Paid: 424.08
The price would have been $282.08, but I opted for the blood work and to have it done via laser versus scalpel. I was still surprised by the cost, but I didn't really have anything to compare it to... [more]
-Joelle
Dog Spay or Neuter Cost
Is this cost of tax preparation correct
Paid: 1845.00
Each year our tax preparation cost goes up faster than inflation. we started at $800.00 in 2012 and now our bill for preparing taxes this year is $1,845.00... [more]
-smallbizchris
Business Tax Preparation Cost