Bookkeeping is an integral part of any business, big or small. However, sadly, this component in business is often ignored. Disorganised financial management or poor accounting leads to business failure. Bookkeeping comes with a fee. Most people are unaware of the bookkeeping rates. And hence, they do not consider hiring one for their business. You would not want to risk your business because of ignorance. Therefore, it is important to be aware of the service fee structure.
How Do Bookkeepers Charge?
Most bookkeepers generally freelance and may not be associated with any organisation. Hence, there is no standard fee for bookkeeping services across the country. However, the rates vary depending on the complexity of the job involved. The expertise of the bookkeeper, his skills, and accreditation are also other determining factors. They can either charge by the hour or may even set a flat rate.
A Guide On The Rates Based On The Data Entry Job
This does not require advanced skill or extensive bookkeeping knowledge. If you are looking to hire a bookkeeper for the sole purpose of data entry, you would not have to pay much. It can cost up to 30$ an hour.
Everyday Transaction Rates Asked BY Bookkeepers
Here the bookkeeper needs to know all about your business. He may have to make invoices, reports on financial transactions, and so on. This requires commitment from the bookkeeper’s end. The rates can be as low as 24$ and can go up to 39$ per hour. You can also make an agreement with your bookkeeper for a fixed fee.
End Of Period Practice Fees For The Bookkeepers
This service is crucial. Even if all your transactions have been recorded meticulously, they are not perfect yet for the final financial statement. This level of bookkeeping is complex, and the bookkeeper will have access to very important company data. He may also be involved in payroll and staff services. The rates are determined based on the intricacy of the job, and he can charge anywhere between 30$ to 50$ an hour.
How Much You Need To Pay For BAS Registered Service?
They are bookkeepers who are skilled to prepare the business activity statement (BAS). A registered BAS agent can make the business activity statement and lodge tax returns. He also has the potential to advise business owners on GST and Pay G. They are trained and have immense knowledge regarding tax law involving BAS. They can play a huge role in maximising your returns. Hence, it is only obvious that you would have to spend a little extra to hire a BAS agent. Their rates can vary anywhere between 40$ to 75$ and above for an hour.
Although the general trend is to charge by the hour, flat rate billing is also gaining popularity. Here the bookkeepers charge for the value inputs they provide in addition to working around with numbers. There is no dearth of bookkeepers in the country. Hence it is possible to find the one that will suit your requirement and budget.
My name is William Thompson, i am the proud owner of the company, Alexilum that provides the best bookkeeping services across Australia. I have team of professional experts that have more than 15 years of experience when it comes to satisfying customers with our creative work.