We estimate our monthly fee based on the no. of transactions that need to be recorded in the accounting ledger. So, for example, a supplier’s invoice to you which you need to pay would be reflected as 2 transactions: 1 for the entering of the bill, and 1 for producing a corresponding cheque/payment.To be more accurate on the no. of transactions, you can print a General Ledger report in your accounting software, and export it into a Microsoft Excel spreadsheet. Then look at the no. of transitions for the last 12 months, and divide that by 12. That's how you will find the average monthly transactions.
