Small Business Accounting Package - District of Columbia 2025

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On average, small businesses might spend between $300 and $1,000 per month on bookkeeping services. However, this can increase for larger businesses or those with more complex financial needs.
Sage 50 is best for small to medium-sized businesses (SMBs) and users keeping books for multiple companies, while QuickBooks is best for e-commerce retailers and property management companies.
The cost of an accountant for a small business typically ranges from $1,000 to $5,000 per year, with hourly rates averaging $50 to $400. Monthly accounting services can cost between $500 and $2,000.
A closer look at our top accounting software picks Xero. Xero. NerdWallet Rating. QuickBooks. QuickBooks Online. NerdWallet Rating. Zoho Books. Zoho Books. NerdWallet Rating. FreshBooks. FreshBooks. NerdWallet Rating. Sage. Sage 50 Accounting. NerdWallet Rating. Wave. Wave Accounting. NerdWallet Rating. QuickBooks. QuickBooks Enterprise.
Our Top Tested Picks Best Overall. Intuit QuickBooks Online. Best for Service-Based Businesses. FreshBooks. Best for Inventory Tracking. Sage 50 Accounting. Best for Invoicing. Wave. Best for Larger Small Businesses. Zoho Books. Best for Multiple Users. Xero. Most Affordable. Patriot Software Accounting. Best for Solo Entrepreneurs.

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For small businesses, fees typically range between $150 to $450 per hour for standard accounting tasks, such as preparing financial statements, bookkeeping, or tax return filing. More complex services like audits or business consulting can drive costs up to $1,000 or more per hour.
QuickBooks Online pricing ranges from $35 to $235 per month. Solopreneur is less expensive, and Enterprise is typically pricier.
Now its time to select a bookkeeping method. The two key accounting systems are cash accounting and accrual accounting. If your business is still small, you may opt for cash-basis accounting. If you carry inventory or have accounts payable and accounts receivable, youll likely use accrual accounting.

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