That doesn’t mean that small and medium-sized businesses can’t have a bookkeeper, however. Other factors, such as education level, experience, and certifications, can also push a bookkeeper’s hourly rate much higher.įor many businesses, the cost of bringing on a full-time bookkeeper or even hiring an independent bookkeeper is out of reach. This number can increase significantly based on geographic location, with bookkeepers charging over $43 per hour in Massachusetts. A Zip Recruiter survey notes that the average hourly wage of a bookkeeper is $37. The Cost of a Part-Time BookkeeperĮven if you don’t hire a full-time bookkeeper, the average hourly rate for a part-time or freelance bookkeeper can still be prohibitive. Of course, this salary doesn’t take into account the various other expenses associated with having a full-time employee – like benefits, paid time off, workers’ compensation insurance, and payroll taxes. According to the Bureau of Labor Statistics, the average salary for a bookkeeper is $42,410 per year. Unfortunately, hiring a full-time bookkeeper is out of reach for many entrepreneurs. Without a doubt, a good bookkeeper is essential to any business. Input costs (debits) and income (credits) into the appropriate software program.Reconcile financial records, such as bank and credit card statements.Produce reports, such as income statements or balance sheets.Pay and manage invoices (accounts payable, or A/P).Receive and record cash, checks, and vouchers (accounts receivable, or A/R).Post financial transactions into the appropriate computer software. Among other tasks, a bookkeeper records financial transitions, updates statements, and checks financial records for accuracy. The Cost of a Full-Time BookkeeperĪ good bookkeeper is essential to the financial well-being of any organization. Reach out today to learn more about how we can help you grow and manage your business. Our services – including bookkeeping and accounting – are both reliable and affordable. With a virtual bookkeeper that costs as little as $4.99 per hour, you can keep your financial house in order without breaking your budget.Īt Tasks Assistant, we offer a range of services for businesses across the world. But with the average salary of a bookkeeper coming in at more than $40,000 per year (plus benefits), many businesses simply can’t afford to keep a full-time bookkeeper on staff. Smart business owners know that sometimes it makes more sense to outsource certain jobs – such as bookkeeping. From branding and marketing to inventory and tracking financial records, these tasks can quickly become overwhelming. Not only do you have to provide the goods or services that your company offers, you also have to deal with every aspect of managing the business. It can also be a lot of work, particularly when you run your own business. A virtual bookkeeper may cost as little as $4.99 per hour.īeing your own boss can be great. Business owners can save money and increase efficiency with virtual bookkeepers. The average hourly wage of a part-time bookkeeper is $37 per hour. The average salary for a full-time bookkeeper is $42,410 per year.
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