How to determine the price for a double-entry and single-entry bookkeeping?
The fees for double-entry and single-entry bookkeeping should be appropriate and the final price is the result of an agreement between two contractual parties.
The lowest price for double-entry bookkeeping was 250 EUR per month and highest 5000 EUR per month ex. VAT.
We have two methods of fixing the rate for double-entry bookkeeping:
- on the number of accounting entries in the ledger, special requests and other.
- flat monthly rate based on the estimated number of ledger entries, standalone operations, year-end services and others.
Price for payroll services is calculated by the number of employees and their legal relationship with the company. Price for single entry bookkeeping is determined individually. We offer single entry bookkeeping only in rare cases for clients with significant tax problems.
When setting the prices for double-entry bookkeeping and payroll, we use the following company's price list:
| Price List - Accounting | |||
| Double-entry bookkeeping | |||
| 1. | Setting-up of a new company |
100,00 €
|
start-up standalone fee
|
| 2. | Year-end work: financial statements, tax returns PO, inventory, closing accounts, print reports, other |
min. 1000 €
|
max. up to the cost of monthly accounting fee
|
| 3. | Price per item (an entry in the ledger) |
0,65 €
|
|
| Payroll | |||
| 1. | Setting-up of a new company |
20,00 €
|
start-up standalone fee
|
| 2. | The introduction of a single employee |
10,00 €
|
standalone fee
|
| 3. | core employee - processing payroll |
9,00 €
|
person/per month
|
| 4. | On agreement, contractual worker- processing payroll |
7,00 €
|
person/per month
|
| Other | |||
| 1. | Statements, reports, tax returns .... (excluding financial statement and corporate tax return) |
price is set individually
|
|
| 2. | Record keeping, billing, invoicing etc. |
price is set individually
|
|
View the example of calculating the price of double entry bookkeeping in a smaller company.
| Calculation of the price for double-entry bookkeeping and payroll | A fee for setting up of accounting and employee. | Number of (records, employees) | Number of accounting entries (estimate) |
Price per item | Price per month | Price for year-end works |
| Setting up of accounting | 100,00 € | 4 | x | x | x | x |
| Number of supplier invoices | x | 15 | 4 | 0,65 € | 39,00 € | x |
| Number of customer invoices | x | 25 | 4 | 0,65 € | 65,00 € | x |
| Number of receipts (treasury records) | x | 25 | 3 | 0,65 € | 48,75 € | x |
| Number of internal records - estimate | x | 6 | 6 | 0,65 € | 23,40 € | x |
| Year-end work | x | x | x | x | x | 1 000,00 € |
| Other - estimate | x | x | x | x | 60,00 € | x |
| Setting-up of payroll | 20,00 € | - € | x | |||
| Number of employees | 40,00 € | 4 | 1 | 9,00 € | 36,00 € | x |
| Number of employees on agreement | 30,00 € | 3 | 1 | 7,00 € | 21,00 € | x |
| TOTAL | 190,00 € | 293,15 € | 1 000,00 € |
In this case the price for the introduction of double-entry bookkeeping is around € 190, monthly cost of double-entry bookkeeping is around € 290, and if the company has an interest in year-end work (financial statements, tax returns PO, inventory, closing accounts, print reports, other .) the minimum price would be around € 1,000 but the max. price would not exceed a monthly rate.
In case you are a larger company and you want to outsource your accounting, please fill in all the information in the below questionnaire. Once we get your information will prepare a price quotation.
Frequently asked questions
Bookkeeping priceWhat is the lowest cost for bookkeeping?
In our company, the lowest bookkeeping fee is 250 EUR / month.
What is the highest cost for bookkeeping?
In our company, the highest price for bookkeeping was EUR 4,000 per month excluding VAT.
How is the price charged for accounting, double-entry bookkeeping, simple bookkeeping and wage processing?
The cost of maintaining double-entry bookkeeping should be proportionate and determined individually by agreement between the parties.
