Pros of Hiring a Part-Time Self-Employed Bookkeeper If you were to hire an accounting firm, the hourly rate would be much higher. Part-time bookkeepers typically charge $20 to $50 per hour. Charge an hourly fee based on job scope.Work on a contract basis (eliminating payroll costs).Hiring a self-employed bookkeeper on a part-time basis is usually less expensive than hiring an employee.īecause they often work with multiple small business owners, most part-time bookkeepers: Option #2: How much does it cost to hire a part-time bookkeeper? Abrupt departure could necessitate hiring and training a replacement.Additional headcount may not represent best value for a growing business.Physically present to manage paper documents and provide in-office communicationĬons of Hiring a Full-Time In-House Bookkeeper.Pros of Hiring a Full-Time In-House Bookkeeper In addition to salary, you can expect overhead costs like benefits, IT equipment, and payroll deductions, including:Ī good rule of thumb for calculating these costs is to add 10% on top of salary. On Glassdoor, annual salaries range from $34,000 to $77,000, with the average base salary for a full-time bookkeeper in Vancouver pegged at $47,000. The cost of hiring an in-house bookkeeper varies with location, expertise, and time commitment. Option #1: How much does it cost to hire an in-house bookkeeper? DIY bookkeeping can lead to inaccurate funder reports and misleading financial statements. The result? Penalties, fines, and messy, out-of-date books. If bookkeeping isn’t your strength (or a job you enjoy), you risk making mistakes or having accounting tasks fall to the bottom of your to-do list. Time spent on data entry and bookkeeping duties is usually better invested in high-value strategic work, billable hours, or revenue-generating sales and marketing tasks. What they usually discover, however, is that doing your own books has some serious cons, including: A word about "DIY Bookkeeping"īecause it can be relatively easy to keep records when transaction volumes or revenue are low, many businesses (like our client, NiceJob, for example) look to save money by opting for DIY bookkeeping. So while an accountant can do your bookkeeping, it costs less to hire an experienced bookkeeper.
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