How much does a freelance Bookkeeper cost?
- East Neuk Bookkeeping
- Mar 25, 2024
- 2 min read
Updated: Mar 13
If you're just starting out in business hiring a freelance bookkeeper can make a lot of sense
Being a small business owner can leave you feeling overwhelmed, having to manage your sales, marketing, finance & operations often by yourself.
Outsourcing some of the time consuming finance can often make a lot of sense, with online cloud accounting software & modern technology meaning your bookkeeper can manage your record keeping remotely from anywhere in the world.
Should I hire a permanent bookkeeper?
Hiring an in house bookkeeper might make sense once your business grows, but most owner operator businesses will be more efficient to outsource their bookkeeping.
Outsourcing to independent contractors means you don't have the same level of payroll tax liabilities, and you aren't responsible for any employee perks like paid holiday or providing computers and equipment.
How much will a freelance bookkeeper cost me?
Depend on your needs, hiring a freelance bookkeeper can cost as little as £20+VAT per month.
If you've not had any bookkeeping records for a while, we might need to carry out a clean up service which would typically take 10-20 hours of labour.
After this, there would be less ongoing work to keep it up to date, meaning the monthly recurring cost is low and might only take between 1-5 hours per month.
Can I do it myself?
If you've got the time and are willing to invest a little bit of time in learning how to use Quickbooks, you can definitely do a lot of the tasks yourself, like snapping pictures of your receipts.
This can reduce your monthly billable hours, as your bookkeeper can spend less time on data entry.
If you're business is getting busy and you need to spend more time on revenue generating tasks, then outsourcing these tasks will mean you have more time to focus on running your business.
How do I book a freelance bookkeeper?
You can contact us by email, phone or by filling in our website contact form.
We'll get back to you with a new client onboarding form, which we'll use to assess if we'll be a good fit to manage your all of your required services.
Can I cancel or add more services?
One of the advantages of working with a freelance bookkeeper is that it's totally flexible, meaning you can stop your subscription anytime by notifying us in writing.
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