On average, hiring a bookkeeper will cost you around $40/hr. However, bookkeeper rates may still vary depending on the type of work involved. Basic bookkeeping starts at approximately $33/hr, but depending on the complexity of the job, prices can go as high as $50/hr.
Cost of common bookkeeping jobs
|Bookkeeping Task||Typical Quoted Prices|
|Setting up MYOB||$120|
|BAS and GST||$300|
Hiring bookkeepers on a per project basis
Instead of charging you an hourly rate, bookkeepers can also quote on a per-project basis. On average, a standard bookkeeping job will cost you around $72.01. This rate only covers simple jobs that can be done in about two hours or less.
Fixed components that impact total cost
The cost of bookkeeping largely depends on two components: data entry and accounting application. A straightforward bookkeeping job that only involves data entry will generally cost lower compared to a job that involves other accounting tasks such as balancing the books.
Aside from the scope of the work, a bookkeeper’s level of expertise is also a main factor that affects the price. If a bookkeeper is working under a certified accountant, they will probably charge a higher rate for their services.
When looking for a bookkeeper, one of the things that you might be interested in is knowing how much it would cost. The most common quotes that you will receive are hourly rates, but that is not always the case. They may also provide a flat fee for each type of service that they offer.
For new businesses, you can look for an accounting or bookkeeping firm that offers start-up pricing. They will provide you with the support that you need to get your business off the ground.
How bookkeeping services differ from one state to another
The Australian Capital Territory, Northern Territory, and Tasmania have the lowest average bookkeeping rates at around $33/hr. New South Wales follows closely with an average price of about $35/hr for the same kind of service. Meanwhile, the average cost of bookkeeping jobs in Victoria is around $37/hr.
South Australia and Western Australia residents are paying the highest average bookkeeping rate at around $45/hr. Queensland isn’t too far behind at an average price of about $44/hr, which is the second highest bookkeeping cost in Australia.
Bookkeeping can be tedious work, but it is something that needs to be done. You can make sure your books are up-to-date and that everything is accounted for by hiring one of ServiceSeeking.com.au’s reliable and experienced bookkeepers.
Pricing information correct as at August 2016.
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