Bookkeeping Catch-Up Cost
Doing it yourself isn't free. A rough read on what the time is actually worth.
Falling behind on monthly close costs time, not just peace of mind — roughly 4 hours of catch-up work for every month left uncategorized, on top of whatever the current month already takes.
Three months behind at a $75-an-hour rate works out to about 12 hours and $900 in catch-up work alone, before a single new transaction gets touched. The backlog doesn't shrink on its own between now and tax season.
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