An Overview: Bookkeeping Rates, Role, And Services

Posted by angelagoldberg on July 28th, 2022

Most entrepreneurs feel confused about whether to hire bookkeepers or not. And sometimes, due to high bookkeeping rates, they avoid outsourcing them.

But in real bookkeepers are not added expense, but they help in propelling a business. How? Well, here we are going to share the bookkeeping services pricing and their role. Have a look over our guide!

Types And Bookkeeping Services Pricing

You can go for full-time and in-house bookkeeping services.

Another option is e a part-time or self-employed bookkeeper.

Also, you can hire an external bookkeeping service.

There are different bookkeeping packages available for you. Well, if you are hiring an external bookkeeper, then it may cost you between 0 to 00 for a month. A part-time employee may cost from to for one hour. On the other hand, a self-employed bookkeeper will charge you 00 per month or maybe more.
So, according to your budget, you can hire the best option available.

• The Role Of A Bookkeeper

As you have to pay bookkeeping services pricing to them, you must know about the roles and responsibilities of a bookkeeper. They are responsible for the everyday financial activities of your company.

Now, let’s have a look over the common tasks a bookkeeper handles.

• Helps to generate customer invoice
• They record financial transactions such as billing and payments.
  Bookkeepers prepare and file sales tax returns, including PST and GST.
  They also perform reconciliations on credit cards and bank account

The bookkeeping service providers are also responsible for generating financial reports such as income statements, cash flow statements, and balance sheets.

They also work with an accountant to understand accounts payable and accounts receivable queries.

Sometimes people use bookkeeping and accounting interchangeably, but their responsibilities or prices differ. Well, accounting services consist of high-level advisory tasks such as forecasting, tax planning, and budgeting. If you ask an accountant to manage bookkeeping, they will charge you more.

Per Day Or Monthly Bookkeeping Packages

1. In-House Bookkeeper

Well, the cost of in-house bookkeeping packages depends on time commitment, location, and expertise. Their annual salary would be approx ,000 up to ,000.

2. Part-Time Bookkeeper

Part-time bookkeepers are less expensive than full-time bookkeepers. They charge up to for one hour.

3. External Bookkeeping Services

Well, outsourcing bookkeeping services is the right option. It will charge you approx 0 to 00 per month.

Final Words

You can choose an external bookkeeping service, and they will provide you with the best bookkeeping packages. Business owners can select the best package as per their needs and the demands of your company.

Furthermore, bookkeeping services are the best option for your established as well as startup business. We hope you have liked this guide. If you have any questions or any doubts, we are open to you. It will be a great honor to help you out.

Drop down your insights below in the comment box. Thank you for reading!