Cost of Bookkeeper / Assistant

ITEM AMOUNT TYPICAL COST
Bookkeeper's hourly rate /hour 12/hour
Hours per week, on average, that your bookkeeper/assistant works /week 40/week
Health insurance costs for bookkeeper/assistant /month 100/month
Weeks of paid vacation per year weeks/year 2 weeks/year
Overhead (as a % of office space, computer, supplies) 25%

Cost of Your Time to Manage the Bookkeeper/Assistant

ITEM AMOUNT TYPICAL COST
Hours per week you spend with the bookkeeper/assistant /Week 10/hour
Value of your time (not cost) /Hour 40/week
Hiring and ongoing training of bookkeeper/assistant Hour/year Hours/year
 

Detail Calculation Bookkeeper:

Monthly Salary
Health Insurance
Vacation
Overhead
Total Monthly Bookkeeper Costs
 
Your Time to Manage Bookkeeper
Hiring and Ongoing Training
Total Monthly Costs of Owner
Your Current Monthly Costs:
With www.mindspaceoutsourcing.com Services you can have a bookkeeper/assistant at 50 % lower cost than the current cost. Contact us today to find out how we can raise your level of bookkeeping and accounting and lower your cost.

How much does it cost to outsource bookkeeping?

The cost of outsourcing bookkeeping services can vary depending on several factors, such as the complexity of the accounting work, the level of service required, and the location of the service provider. Here are some of the factors that can affect the cost of outsourcing bookkeeping services:

Level of Service

The cost of outsourcing bookkeeping services may vary depending on the level of service required. For example, basic bookkeeping services such as data entry, reconciliations, and basic financial reporting may be less expensive than more complex services such as financial analysis, budgeting, and forecasting.

Complexity of Accounting Work

The complexity of the accounting work can also affect the cost of outsourcing bookkeeping services. More complex accounting tasks such as managing inventory, multiple currencies, or complex transactions may require more specialized expertise, which may increase the cost of outsourcing.

Location of Service Provider

The location of the service provider can also affect the cost of outsourcing bookkeeping services. For example, outsourcing to a service provider in a high-cost city or country may be more expensive than outsourcing to a service provider in a low-cost region.

Frequency of Service

The frequency of bookkeeping services required may also affect the cost of outsourcing. Regular bookkeeping services may be less expensive than sporadic or infrequent bookkeeping services.

In general, the cost of outsourcing bookkeeping services can range from a few hundred dollars to several thousand dollars per month, depending on the factors mentioned above. It is essential to discuss the pricing structure and services offered with potential service providers to determine the cost of outsourcing bookkeeping services.

What is a bookkeeping pricing calculator?

A bookkeeping pricing calculator is a tool that helps business owners or accounting professionals estimate the cost of bookkeeping services based on specific criteria. These calculators typically take into account factors such as the number of transactions, the level of service required, the complexity of the accounting work, and the location of the service provider.

To use a bookkeeping pricing calculator, the user enters the relevant details about their business, such as the number of bank accounts, credit cards, and transactions per month. The calculator then uses this information to generate an estimated monthly or yearly cost for bookkeeping services.

Bookkeeping pricing calculators can be helpful for businesses or accounting professionals who are considering outsourcing their bookkeeping services but are unsure about the costs involved. They can provide a general idea of what to expect and help with budgeting and financial planning.

However, it is important to note that bookkeeping pricing calculators are typically only an estimate, and the actual cost of bookkeeping services may vary based on individual circumstances. It is always recommended to discuss pricing and services with Mindspace Outsourcing to get a more accurate quote.