How Much Does Accounting Cost? The Core Package

By: Jose Diaz Caro

At Caro & Associates, we know that managing the financial side of your business can often feel like a full-time job. Between tracking expenses, paying employees, and preparing taxes, it’s easy to become bogged down in the details. That’s where our Accounting Core service comes in. We take the burden of financial management off your shoulders, offering a streamlined, all-in-one solution that allows you to focus on what truly matters—growing and running your business.

Simple and Transparent Pricing

At Caro & Associates, we believe in keeping things straightforward. Our pricing structure is designed to be simple, transparent, and tailored to your business’s specific needs. You’ll always know exactly what you’re paying for, with no surprises or hidden fees.

Average Monthly Costs

On average, our typical client pays between $850 and $1050 per month for accounting and tax services. For businesses that include payroll in their package, the cost averages around $1,150 per month.

Our fees start at $750 per month, making high-quality accounting services accessible to small businesses. For clients with more complex needs, pricing ranges from $2,500 to $3,500 per month.

Factors That Affect Your Monthly Price

We pride ourselves on offering transparent and fair pricing for our services. The cost of the Accounting Core service is tailored to fit the unique needs of your business. Key factors influencing pricing include:

Volume of Transactions: The number of financial transactions processed each month, included in all your bank statements, credit card accounts, loans, and other activities, impacts the overall cost.
Complexity of Financial Operations: Businesses with more intricate structures, such as multi-location operations, inventory management, interstate activities, managing multiple city B&O (Business and Occupation) tax reports, frequency of sales tax reports, or the number of bank accounts, credit cards, loans, and lines of credit to manage, will affect the monthly price.
Technology and Systems Integration: Whether you use specific accounting software or require custom integrations, the platforms you rely on can influence the scope of work involved. Factors such as managing classes, consolidations, multi-entity management, and other advanced system configurations can also affect pricing and service requirements.

What to Expect During Onboarding

We understand that switching accounting services can feel like a daunting task. That’s why we’ve designed a comprehensive and proven onboarding process to ensure a smooth transition. Our onboarding process typically spans 60-90 days and includes the following steps:

Discovery and Engagement: This begins with a free 30-minute discovery call where we discuss your needs, explore options, and provide clarity on how our services can benefit your business. Once you’re ready to move forward, we confirm your package, approve the proposal, and review and sign the engagement letter.
Kickoff Call: During this session, we introduce you to our team, walk you through the technology platforms we’ll be using, and establish the onboarding standards to ensure a seamless setup process.
Client Training Call: We conduct a “Tax & Accounting Bootcamp” to train you on key processes and update your system configurations. This step ensures you’re fully prepared to work with our systems effectively.
Financial Review Call: Our team reviews your financial statements, discusses tax projections, and identifies any areas of concern or opportunity for your business. This meeting ensures you have a clear understanding of your financial position moving forward.
Payroll Call (if applicable): For clients including payroll services, we handle payroll setup standards and reporting, ensuring everything is aligned with your specific business needs.

Initial Setup and Onboarding Fees

The onboarding process includes several key steps to ensure a seamless and effective transition to our services. This includes an in-depth initial review of your most recent tax filings and financial records, identifying opportunities for improvement, and ensuring everything is accurate and ready for ongoing management. Additionally, Chart of Accounts Realignment is included, where we adjust your chart of accounts to align with your business needs and goals.

The one-time investment is typically twice your monthly accounting fee. This fee is carefully calculated based on the scope of work and complexity of your business, ensuring a tailored and effective start to our partnership.

The onboarding process is a one-time investment, with fees based on the scope of work and complexity of your business setup. This ensures a seamless transition to our Accounting Core service.

How to Keep Your Fees Lower

While we do not offer discounts, we guarantee that the quality of our work consistently meets and exceeds expectations.

Your fees are determined by the volume of transactions and the complexity of your financial operations. By adopting simpler processes and reducing the commingling of personal and business expenses, you can help keep your fees lower and streamline our ability to support your business effectively.

Why Choose Caro & Associates?

At Caro & Associates, we are more than just accountants—we are your business partners. Our experienced team provides a personalized touch, combining technical expertise with a deep understanding of the unique challenges small businesses face. When you work with us, you gain access to:

Proactive Financial Support: We don’t just respond to issues; we anticipate them. Our goal is to offer solutions before problems arise.
Cutting-Edge Technology: By leveraging the latest accounting software and tools, we deliver efficient, accurate, and scalable services.
Tailored Insights: Every business is different. That’s why we take the time to understand your company’s unique goals and provide custom strategies to help you reach them.

We take pride in building lasting relationships with our clients, and our Accounting Core service is just one way we help small businesses thrive.

Let’s Get Started

Running a business is challenging enough without the added stress of managing finances. Let Caro & Associates take care of the accounting so you can focus on what you do best.

Contact us today to learn more about how our Accounting Core service can be customized to meet your specific needs. Visit our Contact Page to schedule a consultation and discover how we can help your business grow.