Freelance Bookkeeper Hourly Pay

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 https://kelleysbookkeeping.com/ 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.

If you don’t have the budget to hire someone in-house but want bookkeeping experts with quality control, outsourced accounting firms can provide some—or all—of your needs. One of the main differences between firms and freelancers is that the outsourced firms have likely already checked into their employees, providing you with a level of quality assurance. Because they are responsible for employing the bookkeeper, they can also provide continuity of services should a bookkeeper leave. Outsourced firms might also offer other services—like accounting or HR—allowing you to take care of all your outsourcing needs with one company. There are often price, workflow, and scale advantages to use your accounting and outsourced CFO services partner at the same place you do bookkeeping. Outsourced bookkeeping rates with firms are often, on average, between $ an hour.

How much should a freelance bookkeeper charge?

Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Another key benefit to outsourcing bookkeeping to aprofessional CPA firmis the level of expertise received. Small businesses and even mid-size companies don’t always hire the best talent to handle their daily and monthly bookkeeping responsibilities. Without significant prior experience in bookkeeping, it is impossible for a business owner to gauge the expertise level and capabilities of an in-house bookkeeper. Using outside firms to handle your bookkeeping is similar to hiring an in-house bookkeeper to handle basic bookkeeping responsibilities without the added overhead cost of carrying employees on your payroll.

This will be the monthly rate you can present to your client. Right now my goal is to have all my clients on a fixed-rate pricing scale. In an ideal world, I’d have a handful of clients, I’d work two days a week, and I would have them pay me a set amount up front with automatic payments so we both know what to expect each month.

Freelance Bookkeeping Company Jobs and Hourly Pay

When you’re setting your hourly rates, you have to think about the frequency of service for each of your clients. Some clients require more frequent attention than others, and there are even certain times of the year that might be busier than others for your clients. Generally, you’ll charge a lower rate for clients you see more often. Like so many jobs, experience influences hourly rates for bookkeepers. New bookkeepers will enter at a lower rate than those with years of experience under their belt. According to Indeed.com, entry-level bookkeepers make an average of $18.34 per hour.

• Danielle is a writer for the Finance division of Fit Small Business.
• Here you may get a copy of this article as well as your free New Client Assessment.
• Any of the above types of bookkeepers can be a virtual bookkeeper—those bookkeepers who interact with their clients and do all their work virtually or remotely.
• From selecting the services you need to choosing the right provider, the options are nearly endless.
• Because you don’t know what you’re worth, you’ll set your charges too cheap if you don’t believe you can accomplish the job.
• Examine how suppliers are paid by looking at the accounts payable process.