However, some freelancers may take advantage of this model. You also don’t have to pay for office space and equipment. Since a contractor isn’t an employee, you don’t have extra costs for employee benefits and training. Hourly bookkeeper rates are generally cheaper than bookkeeper salaries because contractors tend to use them. The rates vary based on the types of tasks and the expertis e you need. If you engage a sole trader, consultant or freelancer as your bookkeeper, they usually charge hourly rates. Hourly rates – sole traders, freelancers, and consultants If your situation doesn’t require an in-house resource, outsourcing bookkeeping usually makes more sense. Generally, the decision to hire an in-house bookkeeper isn’t for cost-cutting purposes, but it can come with its benefits. Either way, the cost is quite substantial, considering you still need to pay for accounting and tax services. The median bookkeeper salary is $67,500.Įven if you hire a bookkeeper part-time and spend half the cost of the industry average, it would be about $35,000. The annual salary of a bookkeeper ranges from $60,000 for entry-level to $80,000 for experienced.
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