How Much Does it Cost to Hire a Bookkeeper?

Typically you will need this accountant for freelancers of financial management not only for yourself but for your key stake holders including banks, investors and advisors. A full-time bookkeeper handles the day-to-day accounting functions for your office. Keeping your books in order and up-to-date is the foundation of the financial strength of your business. Hiring a full-time bookkeeper in this situation could be the right answer for you. The average salary of Freelance Bookkeeping jobs will vary according to location, department, and job description. The table shows below the name of the job title below you may be interested in including salary range and total compensation.

Here are some other companies that are located close to Freelance Bookkeeping. Click the company name to explore its salary ranges and a comparison with pay at Freelance Bookkeeping. The AIPB certification program is ideal for someone who doesn’t have any formal education in bookkeeping. Certification exam and materials are $610 for nonmembers and $515 for AIPB members. Upon completion of all certification requirements, you’ll earn the designation of Certified Bookkeeper , which you can include on your business cards and marketing materials.

Latest Flexible Jobs

Hiring an in-house bookkeeper means bringing in a full-time employee to handle your books. The most obvious cost for this option is salary, which can vary a lot by location. In recent months, professional services firms are facing more pressure than ever to deliver value to clients. We offer an unprecedented level of quality for a fixed monthly fee, allowing companies to focus on growing their revenue while we handle all the daily, monthly, and annual financial work. One of the biggest advantages of outsourcing your bookkeeping is the cost. On average, a bookkeeping firm will charge anywhere between$300 to $2,000 per monthdepending on the amount and complexity of work required.

Do your due diligence to make sure you’re billing your clients fairly. But, don’t minimize your worth and expertise in the pricing process. Otherwise, you may wind up missing out on profits or scaring off clients with high rates. Consider how frequently you provide services to a client when making up your mind about what to charge. Some clients will be a one-time deal, while others may need you on a regular basis (e.g., quarterly). Chances are, clients are going to be more willing to pay an accounting firm more money over another if they have more experience.

How the costs break down

Additionally, there are quite a few outside expenses that come with hiring an employee. At minimum, they need to provide you with an office space, a desk, and a computer. As a contractor, you’re using all your own equipment, so you’re saving them all of that money. As a contractor, the main thing that you are saving an employer–or your client in this case–is TAXES! They have to pay so much more in social security, Medicare, worker’s compensation, and unemployment taxes for an employee. When you work for a company, and they give you a W-2, they are paying a bunch of money to have you working for them.

• The average base salary of an in-house bookkeeper is ​​$42,000 – $46,000.
• The value that you get as a contractor usually goes beyond the money as well.
• They’ll contact you right away to get information like as content, photographs, location, and price, and then build a customized website that will attract high-quality visitors and turn that traffic into leads.
• Additionally, more so now than ever, business is not restricted to local regions.

The spreadsheet is set up for both fixed pricing as well as for bookkeepers who charge an hourly rate. One key is deciding how much to charge each client and then figuring out the mix of small, medium, and large clients you’ll need. Obviously, you’d probably need just a few large clients to bring in the same income as 10 small clients. According to a poll conducted by Zip Recruiter, the national average wage for a freelance bookkeeper is $23 per hour, however costs vary by state. If they do agree to provide retroactive records, you could end up with a pretty hefty bill.