I am preparing a quote for bookkeeping services. Being new to the provision of these services, does it sound realistic to estimate a timeframe of 5 hours for the preparation of trial balance, bank reconciliation, P&L and balance sheets? It is a small to medium company and I have envisaged work on the basic bookkeeping transactions to take approx 20 hours per month. I understand it may be difficult to offer any advice not knowing the volume of work involved but as I am a new business start up I am happy to underquote and spend extra time preparing these documents as it benefits me in gaining experience in the long run.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
