What Is The Average Charge For A Bookkeeper?

The cost of a bookkeeper varies depending on the services required, the complexity of the business, transaction volume and whether support is provided hourly or through a fixed monthly arrangement. There is no single average price that applies to every Australian or Melbourne business. 

A business requiring basic monthly reconciliation may pay considerably less than a business needing weekly bookkeeping, payroll, accounts payable, accounts receivable and extensive catch-up work. Hourly rates are one way bookkeeping services are priced, but many businesses prefer a fixed monthly fee because it provides greater predictability. When comparing bookkeeping prices, it is important to look beyond the hourly rate. 

A bookkeeper who completes work efficiently may provide better value than a cheaper provider who requires more hours. You should also establish exactly what is included in the quoted price. Services can vary significantly between providers. 

Some may include bank reconciliation and basic bookkeeping, while others may include payroll, invoicing, bill payments, reporting or BAS-related support. Businesses should also consider whether the bookkeeper has experience with their accounting software, such as Xero. 

Young Guns Bookkeeping works with Melbourne small businesses and can provide bookkeeping support based on the work required. The most accurate way to determine the likely cost is to assess the number of transactions, bank accounts, employees, invoices, bills and bookkeeping tasks involved. A professional bookkeeper should be able to explain what is included in their pricing so the business owner can compare services on a like-for-like basis.