Millrace Finance Partners

Less than one hire costs. More than one hire can do.

One staff accountant costs you $105,462 a year once salary is loaded for what an employer actually pays. Our accounting service is $60,000, and it covers that person’s work plus part of a clerk’s — with a senior manager over it, accountable for your numbers being accurate and on time. Not because our people are cheaper: because the system, the automation and the training are already built.


The arithmetic

What the entry fee actually replaces, and what that would cost you.

57%

less than employing the staff accountant and the half-clerk our $5,000 a month replaces. Here is exactly where that comes from.

What it costs in housePer year
Staff accountant$73,750
Accounts payable clerk, half a seat$24,625
Employer benefit load×1.43
One and a half people, fully loaded$140,676/yr
The same work, from us$60,000/yr

Sources. Salary midpoints: Robert Half 2026 Salary Guide, national midpoints — staff accountant $73,750, accounts payable clerk $49,250, of which half a seat is $24,625. Benefit load: 1.43×, covering employer payroll taxes, insurance and paid leave, derived from the Bureau of Labor Statistics Employer Costs for Employee Compensation series. inDinero’s 2026 analysis puts the defensible fully-loaded multiplier at 1.45 – 1.5×, so 1.43× is the conservative end. $73,750 + $24,625 = $98,375. $98,375 × 1.43 = $140,676.25, shown above rounded down to $140,676. Ours is $5,000 × 12 = $60,000.

What you would otherwise employ$140,676/yr
The same work, from us$60,000/yr

The difference is $80,676 a year — you pay 43% of what the people would cost. We are deliberately comparing our lowest published fee against the smallest team it replaces, which is the comparison that flatters us least.

Cumulative cost over five years, in house against our fee$703,380What you would employ$300,000The same work, from usTodayYear 1Year 2Year 3Year 4Year 5
Cumulative cost over five years at today’s rates, with no salary inflation applied to either side. $140,676 × 5 = $703,380 in house; $60,000 × 5 = $300,000 from us; a difference of $403,380.

Why it costs less

Cheaper usually means worse. Here is why this is not.

We are not cheaper because our people are cheaper. That trade exists in this market and it is the wrong one to make — you would feel it in the third month. The cost comes out somewhere else.

  1. The system already existsYou are not paying us to invent a close process. You are renting one that already runs, documented, from day one. An in-house hire builds that from scratch while also closing the books, which is why it takes them two years.
  2. Automation removes the clerical hours, not the judgementExtraction, coding, matching and reconciliation are automated, under three contractual rules: zero data retention, a named human reviews anything before it reaches your ledger, and no tool that cannot write as a named user with a timestamp. The hours we cut are the ones nobody should have been paying for.
  3. The same problems keep recurringA multi-entity elimination that took a week to work out somewhere else is already solved when it appears on your books. One person in house meets every problem for the first time, and pays full price for the lesson.
  4. Everyone is trained on one written methodSame close calendar, same working papers, same review step, whoever is doing it. The quality of your month does not depend on who is on shift or who just resigned.
  5. You stop paying for idle capacityA clerk is paid for twelve months to do work that genuinely peaks for about eight days. You are buying availability. Here you buy the output.

There is also the part a salary comparison never shows: one person cannot review their own work, cannot cover their own holiday, and can resign. You are buying a function rather than a head.



How we treat your account

You are not a ticket in a queue

Valuing a client is a set of commitments somebody can hold you to, not a sentence on a website. Five of ours, and the rest are here.

  • One named person owns your account, and you know who they are.
  • No ticket queue and no support address. A person, a channel and a number.
  • Your documents stay in your own systems, access-controlled and backed up.
  • Bad news reaches you early and in writing, before you find it yourself.
  • Miss a published close date because of us, and half that month’s fee comes back.
  • Thirty days’ notice, your data, and a documented handover if you go.

Not for you if

A firm that cannot tell you its limits has not found them yet

  • You are pre-revenue with one bank account. You need a bookkeeper, and they cost less than we do.
  • You want someone hourly, on call, for occasional cleanup. We do not sell hours.
  • You need a signed opinion on your financial statements. We cannot give you one.

Start with the free call.

Thirty minutes. We ask what closes late and why, and tell you plainly whether we fit.

The call is free and there is no fee for it, ever. If we are not the right shape for you we will say so on the call.