When it comes to managing finances for a business, bookkeeping is a crucial task that can make or break a company. However, not all businesses have the resources or expertise to handle bookkeeping in-house. This is where contract bookkeepers come in.
Contract bookkeepers are freelance professionals who specialize in bookkeeping for businesses. They offer their services on a contractual basis, meaning they work for a specific period of time or until a certain task is completed. The question is, how much do contract bookkeepers charge?
The fee for contract bookkeeping services can vary depending on several factors, including the size of the business, the complexity of the financial records, and the level of experience of the bookkeeper. Generally, the fee can range from $25 to $75 per hour, with the average rate being around $40 to $50 per hour.
For small businesses, a bookkeeper may charge a flat monthly rate rather than an hourly rate. This is because small businesses generally have a lower volume of financial transactions and may not require a bookkeeper to work as many hours. The flat rate can range from $200 to $500 per month, again depending on the complexity of the financial records.
It`s important to note that while some bookkeepers may charge a lower rate, it`s essential to ensure that they have the necessary qualifications and experience to handle your business`s finances. A bookkeeper with more experience may charge a higher rate, but they`ll likely be able to work more efficiently and accurately, ultimately saving your business money in the long run.
In summary, the cost of hiring a contract bookkeeper will vary depending on several factors. However, the average rate is around $40 to $50 per hour or a flat monthly rate of $200 to $500 for small businesses. When choosing a bookkeeper, it`s important to consider their qualifications, experience, and track record to ensure that your financial records are in good hands.