Transcription can come in as an expensive ordeal – especially for budding businesses. However, the essentialness and ubiquitousness of transcription mandate its use for business big and small. Owing to the necessity of transcription one can opt for various options to reduce the cost of transcription. This article aims at guiding you to adjust transcription services rates. The cheapest way possible to get transcription is through a machine. Google recently introduced transcription software that is available for free. Besides, there is numerous other good quality speech recognition software that offers transcription at cheap rates. However, even under ideal conditions, the accuracy of greater than 90% is untenable. Sometimes, this beats the purpose of transcribing – like in the case of legal or medical transcription. In circumstances where accuracy is a must, ASR does little to supplement the transcript.