Bookkeeping Hourly Rates: The Uttimate Guide
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- Bookkeeping Hourly Rates: The Ultimate Guide
The national median pay rate for a full-time bookkeeper is $47,440 per year or $22.81 per hour. However, the average bookkeeper hourly rates across the US ranges from $11.92 in Puerto Rico to $28.91 in Washington DC. The bookeeping pay rates vary by state, as well as by cost of living, experience, size of the company, and type of work they are doing.
Bookkeeping is a vital component of every business. It ensures financial transactions are recorded correctly, taxes are paid, and the business has a clear financial roadmap. But understanding the costs, especially hourly rates of bookkeepers, can be a complex task. In this guide, we'll dissect the intricacies of these rates and what they mean for small business owners.
Understanding the costs associated with bookkeeping is essential for any business owner. At face value, hourly rates might seem straightforward, but there's more beneath the surface. Here, we dissect what makes up these rates to give you a clearer picture.
1. Breakdown of Hourly Rates in Bookkeeping
- Definition: What does hourly rate mean in the context of bookkeeping?
- Components: Labor costs, overhead, software/tools, expertise level, and geographical location.
- Pricing Transparency: Why it's important to understand the breakdown.
2. The Pitfalls of Choosing a Bookkeeper Based on Rates Alone
- Hidden Costs: Errors, inefficiencies, and potential non-compliance penalties.
- The Importance of Value: Evaluating the balance between cost, expertise, and reliability.
3. Regional Differences in Bookkeeping Hourly Rates
- Global Perspective: How rates vary from country to country.
- Local Nuances: City-by-city or state-by-state breakdown within a larger country (e.g., rates in New York vs. Iowa).
- Factors Influencing Regional Rates: Economic factors, demand and supply, educational infrastructure, etc.
4. The Technological Influence on Bookkeeping Hourly Rates
- Automation & AI: How software is changing the landscape of bookkeeping.
- Cost vs. Efficiency: Does technology make services cheaper or more efficient, and how does that translate to hourly rates?
- Human Touch vs. Technology: Understanding where automation ends and human expertise begins.
5. Historical Perspective: A Look at the Last Decade
- Trends Over Time: How have hourly rates evolved over the past 10 years?
- Influencing Factors: Global economic changes, technological advancements, industry shifts.
6. Billing Models: Fixed-Rate vs. Hourly Rate Bookkeeping Services
- Pros of Fixed-Rate: Predictability, simplicity, potential for bundled services.
- Pros of Hourly Rate: Paying for actual work done, potential for detailed breakdowns, flexibility.
- Case Studies: Real-world scenarios highlighting the benefits of each model.
7. Negotiating Your Hourly Rates
- Research and Prep: Understanding market rates and where your potential bookkeeper stands.
- Value Proposition: Aligning on deliverables, expectations, and outcomes.
- Building Long-Term Relationships: The benefits of loyalty and consistent partnership.
1. Breakdown of Hourly Rates in Bookkeeping
Definition: At its core, the hourly rate is a reflection of the value and resources a bookkeeper brings to the table for every hour of their service. It's not just about time; it's about the quality of that time and the various elements supporting it.
Components of Hourly Rates:
This is the most direct component and relates to the wages or salary of the bookkeeper. It’s determined by their level of education, years of experience, certifications, and specializations. For instance, a Certified Public Accountant (CPA) will generally have a higher hourly rate than a general bookkeeper without formal certification.
The complexity of tasks can also factor in. A bookkeeper handling multi-currency transactions for an international business might charge more than one managing a local store's finances.
Overhead:
- Every professional service comes with overhead costs. This includes expenses like rent for office space, utilities, insurance, and even continued education or training.
- For freelance or remote bookkeepers, this might also include costs of maintaining a home office, high-speed internet, or specialized equipment.
- Overhead is distributed across clients, so a bookkeeper with high overhead might have slightly elevated rates, ensuring they cover their operational expenses.
Software/Tools:
- The modern bookkeeper relies heavily on software. Platforms like QuickBooks, Xero, or FreshBooks have subscription costs.
- Additionally, tools for data security, backup solutions, and communication (especially for remote bookkeepers) factor into their rates.
- While these tools add to costs, they also enhance efficiency and accuracy, often making them a net positive for clients.
Expertise Level:
- Beyond just formal education or certifications, expertise is built over years of handling diverse financial scenarios.
- Bookkeepers who've worked across industries, dealt with complex financial challenges, or have specialized knowledge in areas like tax planning will often command higher rates.
- This reflects the added value they bring through insights, advice, and the ability to navigate intricate financial landscapes.
Geographical Location:
- The cost of living and market demand in a location significantly influence hourly rates for bookkeeping.
- For instance, a bookkeeper in downtown San Francisco, with its high living costs, will likely have higher rates than one in a small Midwest town.
- This doesn’t always reflect on the quality of service but is more about the economic realities of operating in that location.
Pricing Transparency: Transparency is paramount. A clear breakdown of rates ensures there are no surprises. It helps businesses understand what they're paying for and why. While not every bookkeeper will give a detailed invoice breaking down these components, it's always wise to ask for clarity. Understanding the breakdown can aid in budgeting, set clear service expectations, and even help during negotiations.
By examining the underlying components of hourly rates in bookkeeping, businesses can make informed decisions. It's a blend of tangible and intangible factors, all culminating in the final rate presented. As with many services, it’s vital to remember that cost is just one factor. The true value lies in the expertise, efficiency, and peace of mind a professional bookkeeper provides.
2. The Pitfalls of Choosing a Bookkeeper Based on Rates Alone
In our quest for cost savings, it's a natural inclination to be attracted to the most affordable option. While budgeting is essential, especially for small businesses and startups, selecting a bookkeeper based solely on hourly rates can sometimes be penny wise but pound foolish. Let’s delve into why this approach can be problematic and how to strike a balance between cost and value.
Hidden Costs of Going Cheap:
Errors and Inefficiencies:
- A lower hourly rate might initially seem cost-effective, but if the bookkeeper is not thorough or well-versed with your specific business needs, errors can creep in. Incorrectly recorded transactions or overlooked expenses can lead to inaccurate financial statements. In the long run, these mistakes can be costly, necessitating adjustments, re-audits, or even leading to poor business decisions based on faulty data.
Missed Opportunities:
- A seasoned bookkeeper does more than just log numbers. They can provide insights, tax-saving strategies, and advice on financial best practices. A less-experienced bookkeeper, even if cheaper, might not be attuned to these nuances. This could mean missing out on tax breaks, not leveraging financial incentives, or failing to identify cash flow improvements.
Regulatory Non-compliance:
- The business world is bound by numerous regulations, especially when it comes to finances and taxes. A bookkeeper unfamiliar with the latest rules or updates can inadvertently cause non-compliance. The resultant penalties, audits, and potential legal challenges can dwarf any savings from a cheaper hourly rate.
The Importance of Value Over Pure Cost:
The Cost-Benefit Analysis:
- Instead of just looking at the hourly rate, assess the overall value the bookkeeper brings. This includes their efficiency (how fast they work), the accuracy of their work, the insights they provide, and the peace of mind they offer.
Experience and Expertise:
- A higher rate often corresponds to a bookkeeper’s depth of experience and breadth of knowledge. They might have encountered and solved many of the challenges your business faces. Their higher rate, therefore, often translates into quicker problem resolution, better financial advice, and a more strategic approach to bookkeeping.
Holistic Financial Management:
- A good bookkeeper doesn't just 'keep books'. They become an integral part of your financial team, offering guidance on budgeting, forecasting, and financial planning. While their hourly rate might be higher, the long-term value they bring in terms of business growth and financial stability can far outweigh the initial costs.
It's crucial to look beyond just the dollar figure when hiring a bookkeeper. While the hourly rate is an essential consideration, the overall value, expertise, and the potential long-term benefits they bring to your business should be paramount in the decision-making process. After all, the financial health of your business is at stake, and as the old adage goes, "You get what you pay for."
3. Regional Differences in Bookkeeping Hourly Rates
Bookkeeping, while universally crucial for businesses, is also influenced by regional factors. The hourly rates, services offered, and even the way bookkeeping is approached can differ vastly from one region to another. It's imperative for businesses to understand these nuances to make informed decisions and optimize their bookkeeping investments.
Global Perspective:
Outsourcing Dynamics: With globalization and the rise of digital platforms, many businesses now opt to outsource bookkeeping. Countries with lower living standards, like India or the Philippines, often offer competitive rates. However, while this can be cost-effective, there are challenges to consider, such as:
Communication Barriers: Time zones, language differences, and cultural nuances can sometimes hinder smooth interactions.
Different Accounting Standards: Not all countries follow the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Ensuring compliance with your local standards might require additional oversight or adjustments.
Local Nuances Within Countries: Even within a country, there can be notable differences. For instance, in the U.S., the hourly rate of a bookkeeper in bustling New York City might be significantly higher than in a smaller town in Idaho.
Factors Driving This Disparity:
- Cost of Living: Urban centers often have higher living expenses, which translates to higher service rates.
- Local Market Demand: High-demand areas with many businesses vying for services can drive rates up.
- Access to Advanced Resources: Metropolitan areas might have more access to training, conferences, and advanced software, reflecting in slightly elevated rates due to the enhanced quality of service.
Factors Influencing Regional Rates:
- Economic Conditions: A region's economic health can influence bookkeeping rates. For instance, during economic downturns, rates might become more competitive, but during booms, demand can push rates higher.
- Availability of Qualified Professionals: Areas with a scarcity of trained bookkeepers or those with a high concentration of specialized industries might see higher rates due to demand-supply dynamics.
- Local Regulations and Requirements: Some regions may have stringent requirements for bookkeepers, like mandatory certifications or regular training. This can influence rates, ensuring that businesses get top-tier services compliant with local standards.
- Cultural Approach to Business: In some cultures, business is more relationship-oriented, leading to long-term engagements with professionals, potentially at negotiated rates. In others, transactions are more direct and short-term, potentially affecting pricing dynamics.
Making An Informed Choice:
- Balancing Cost and Convenience: While it might be tempting to hire a bookkeeper from a region with notably lower rates, it's essential to balance this against the convenience of having someone local, who you can meet face-to-face and who understands your local business context.
- Cultural and Regulatory Compatibility: Ensure that the bookkeeper, whether local or from a different region, is familiar with your business culture and local regulations. This ensures smooth interactions and compliance.
- Embracing Technology: Modern tools can bridge many regional gaps. Using cloud-based accounting software, video conferencing, and real-time collaboration tools can make working with bookkeepers from different regions more seamless.
Geography plays a pivotal role in the world of bookkeeping, not just in terms of costs but also in the nuances of service delivery. By understanding regional differences, businesses can find the best fit for their needs, ensuring optimal financial management while navigating the global landscape of bookkeeping services.
4. The Technological Influence on Bookkeeping Hourly Rates
As we traverse deeper into the digital era, technology continues to reshape numerous industries, including bookkeeping. Advanced software, automation, and cloud solutions are influencing how bookkeepers operate, and by extension, how they structure their rates. Let's unravel the intricate dance between technology and bookkeeping rates.
Emergence of Advanced Bookkeeping Tools:
Automation:
Modern bookkeeping software now boasts features that automate repetitive tasks like data entry, invoice generation, and even reconciliations.
- Impact on Rates: The reduction in manual hours required can lead to fewer billable hours, potentially reducing the cost for clients. However, the expertise to set up and manage these tools effectively might command a premium.
Cloud Solutions:
Cloud-based platforms like QuickBooks Online, Xero, Wave, and FreshBooks allow real-time access from any location.
- Impact on Rates: These tools can reduce the need for on-site bookkeeping, leading to more flexible working arrangements and potentially more competitive rates. However, the cost associated with maintaining licenses for premium software might be factored into hourly charges.
Integrated Ecosystems:
Many software platforms now integrate with banking systems, payment gateways, and even e-commerce platforms, streamlining the bookkeeping process.
- Impact on Rates: Integrated systems might reduce the hours a bookkeeper spends toggling between platforms and manually updating records. This efficiency could translate to either fewer billed hours or a shift towards value-based billing.
The Shift from Purely Transactional to Advisory Roles:
From Data Entry to Data Analysis:
With automation handling basic data entry, bookkeepers are increasingly focusing on data analysis, offering insights, and strategic financial advice.
- Impact on Rates: While the hours spent might be reduced, the expertise required for analysis and strategic advisory might warrant a higher hourly rate.
Real-Time Collaboration:
Technology allows bookkeepers and businesses to collaborate in real-time, discussing financial data, projections, and strategies seamlessly.
- Impact on Rates: The value-added through real-time collaboration and advisory might shift bookkeepers towards value-based pricing, where the focus is on the overall value provided rather than just hours clocked.
Training and Upskilling – Staying Relevant in a Digital World:
Continuous Learning:
As new tools and platforms emerge, bookkeepers need to invest time and resources in training.
- Impact on Rates: The cost of continuous upskilling and certifications might be integrated into hourly rates to ensure the bookkeeper remains competitive and updated.
Specialization in Tools:
Some bookkeepers might specialize in specific software or platforms, becoming experts in leveraging them for business benefits.
- Impact on Rates: Specialization often commands a premium. Businesses seeking expertise in specific tools might find themselves paying a slightly higher rate for such specialized knowledge.
The technological revolution in bookkeeping is a double-edged sword. While it promises efficiency, accuracy, and real-time insights, it also necessitates a shift in how bookkeepers perceive value and how they structure their rates. For businesses, it's crucial to understand these dynamics, ensuring they are paying for expertise, efficiency, and value-added services, rather than just manual hours of work.
5. Historical Perspective: A Look at the Last Decade
Understanding where we are often requires a glimpse of where we've been. Bookkeeping, as a pivotal cog in the business machinery, has experienced significant evolution in the past decade. From the way services are rendered to the rates charged, the winds of change have reshaped the landscape. Here's a historical overview of the trends, shifts, and notable milestones.
Economic Influences
Post-Recession Adjustments (early 2010s):
The aftershocks of the 2008 global financial crisis lingered into the early 2010s, leading to businesses tightening their belts and seeking cost-effective bookkeeping solutions.
- Impact on Rates: Initially, there was a dip in hourly rates, with businesses favoring in-house solutions or even online software over professional services. However, as the economy rebounded, there was a gradual uptick in rates by mid-decade, reflecting the restored faith in professional bookkeepers.
Boom of Small Businesses & Start-ups (mid 2010s):
The decade witnessed a surge in entrepreneurial ventures and startups, thanks to technological advances and shifting economic paradigms.
- Impact on Rates: The burgeoning demand led to a rise in hourly rates. Additionally, specialized bookkeeping services catering to the unique needs of startups emerged, sometimes commanding a premium.
Technological Shifts
Rise of DIY Bookkeeping Software (early 2010s):
Platforms like QuickBooks, Xero, and FreshBooks gained significant traction, empowering businesses to handle bookkeeping in-house.
- Impact on Rates: The proliferation of these tools placed downward pressure on rates, as bookkeepers had to justify their services against DIY solutions.
Cloud Computing & Real-Time Access (mid to late 2010s):
As cloud solutions became mainstream, the ability to access financial data in real-time from anywhere revolutionized bookkeeping.
- Impact on Rates: This ushered in a new era of remote bookkeeping services, often at competitive rates, as overheads like office spaces were reduced.
Globalization and Outsourcing
Outsourcing Boom (early to mid 2010s):
Many businesses turned to outsourcing hubs like India, the Philippines, and Eastern Europe for cost-effective bookkeeping services.
- Impact on Rates: Domestic bookkeeping rates faced competition, leading to a leveling or even reduction in some regions. However, by the late 2010s, the focus shifted back to quality and localization, balancing the rate dynamics.
Localization vs. Globalization (late 2010s to early 2020s):
As businesses recognized the importance of local regulatory compliance and the nuances of regional business ecosystems, there was a renewed emphasis on local bookkeepers.
- Impact on Rates: This trend reaffirmed the value of local expertise, leading to a stabilization or slight increase in rates in many regions.
The last decade in bookkeeping has been a whirlwind of change, influenced by economic conditions, technological advancements, and global market dynamics. For businesses and bookkeepers alike, understanding this historical context offers invaluable insights. It not only sheds light on current rate structures but also potentially forecasts future trends in the ever-evolving world of bookkeeping.
6. Billing Models: Fixed-Rate vs. Hourly Rate Bookkeeping Services
The bookkeeping industry, like many service sectors, offers varied billing models to cater to diverse business needs. Two of the most prevalent models are fixed-rate (or flat-rate) and hourly rate structures. Understanding the nuances, benefits, and potential drawbacks of each can aid businesses in making informed decisions.
Understanding Fixed-Rate Bookkeeping
What is it?:
- Fixed-rate bookkeeping involves charging a set fee, often monthly, for a defined scope of work. Regardless of the hours put in by the bookkeeper, the fee remains constant.
Pros:
- Budgeting Ease: Businesses can anticipate their bookkeeping expenses, making budgeting more streamlined.
- Clear Expectations: The scope of work is predefined, ensuring both parties have clarity on deliverables.
- No Hourly Surveillance: Businesses don’t need to monitor hours logged by the bookkeeper.
Cons:
- Rigidity: Any work outside the agreed scope might attract additional charges.
- Potentially Higher Costs: If the bookkeeper efficiently completes tasks in fewer hours, the business still pays the agreed fee.
Understanding Hourly Rate Bookkeeping
What is it?:
- As the name suggests, businesses are billed based on the actual number of hours the bookkeeper works.
Pros:
- Flexibility: Ideal for businesses with fluctuating bookkeeping needs.
- Pay for Actual Work: Businesses only pay for the hours the bookkeeper dedicates.
- Scalability: As the business grows, it can adjust the number of hours without renegotiating a contract.
Cons:
- Budgeting Challenges: Monthly expenses can vary, making it harder to predict costs.
- Monitoring Overhead: Ensuring accurate hourly billing might necessitate oversight mechanisms, like time-tracking software.
Factors to Consider When Choosing a Billing Model
Nature of the Business:
- Stable businesses with consistent bookkeeping needs might favor fixed rates. In contrast, those with variable monthly requirements might opt for hourly rates.
Duration of Engagement:
- For short-term or project-specific tasks, hourly billing can be more appropriate. Long-term engagements might benefit from the stability of fixed-rate models.
Trust and Familiarity:
- If you're working with a new bookkeeper or are unsure about the scope of work, hourly rates can be a safer start. As trust and familiarity build, transitioning to a fixed-rate model might be beneficial.
Volume of Transactions:
- A high volume of transactions might be better suited to a fixed-rate model to ensure consistent processing. Lower or fluctuating volumes might be best handled on an hourly basis.
Choosing between fixed-rate and hourly billing in bookkeeping is a significant decision, impacting both financial planning and the nature of the working relationship with the bookkeeper. By weighing the pros and cons and aligning them with business-specific needs, companies can forge a billing structure that maximizes efficiency, value, and financial clarity.
7. Negotiating Your Hourly Rates
Negotiating rates can be a daunting endeavor for both bookkeepers and clients. Striking a balance between fair compensation and value for money requires tact, research, and a clear understanding of one's needs and value propositions. This guide aims to simplify the negotiation process, ensuring both parties feel satisfied with the outcome.
Understanding the Market
Research Average Rates:
Begin by understanding the average hourly rates in your region and industry. Platforms like Glassdoor, Payscale, and industry-specific forums can offer insights.
- Benefit: Knowing the average allows you to gauge whether a proposed rate is above or below the market standard.
Consider Experience and Expertise:
Rates can vary based on the bookkeeper's experience, certifications, and areas of specialization.
- Benefit: This helps in distinguishing between entry-level and expert-level rates, allowing for a more informed negotiation.
Clarify Scope and Expectations
Define the Role:
Clearly outline the tasks, responsibilities, and expectations. Will the bookkeeper only handle data entry, or are they also providing financial analysis and forecasting?
- Benefit: A clear scope prevents misunderstandings and ensures you're comparing rates for equivalent services.
Determine the Engagement Duration:
Is this a short-term project or a long-term collaboration? Rates might vary based on the expected duration.
- Benefit: Longer-term engagements might provide room for better rates due to the stability they offer.
Be Transparent About Budget Constraints
Honesty is Key:
If you have a specific budget in mind, be upfront about it. This can set the stage for a transparent discussion about what's feasible within that budget.
- Benefit: It can save both parties time and prevent drawn-out negotiations that might not reach a conclusion.
Value Proposition and Differentiators
Highlight Unique Skills or Services:
If you're a bookkeeper, emphasize any unique skills, tools, or services you bring to the table. If you're a business, highlight aspects like potential for long-term collaboration or opportunities for growth.
- Benefit: Unique value propositions can justify higher rates or offer leverage in negotiation.
Openness to Alternative Arrangements
Blended Rates or Package Deals:
Consider blending hourly rates with fixed fees for certain tasks, or offering/package deals that encompass a range of services.
- Benefit: Such arrangements can provide flexibility, meeting budget constraints while ensuring fair compensation.
Maintain Professionalism and Respect
Cordial Discussions:
Approach negotiations as a collaborative effort, not a confrontation. Respect the other party's perspective and constraints.
- Benefit: A positive negotiation atmosphere increases the chances of reaching an amicable agreement, fostering a healthy working relationship.
Negotiating hourly rates isn't just about numbers; it's about understanding value, establishing trust, and forging a partnership that benefits both parties. With research, transparency, and mutual respect, both bookkeepers and businesses can navigate these discussions smoothly, arriving at a rate that reflects the value and expertise on offer.
National hourly rates and annual salaries for bookkeepers
The national average salary for a full-time bookkeeper is more than $45,000 per year. In fact, according to the latest 2023 statistics from BLS, “the median annual wage for bookkeeping, accounting, and auditing clerks was $45,560.” That works to an average hourly rate of about $21.90 per hour! That rate does not even include overheads such as down time, payroll taxes, health benefits, office space, vacations and sick time. And, you still have to pay them even they are off or not working. You don’t have any of these costs while outsourcing Bookkeeping tasks to us.
The hourly rates varies by state, as well as by cost of living, experience, size of the company, and type of work they are doing. The average hourly rates for a Bookkeeper in the US ranges from $11.92 in Puerto Rico to $28.91 in Washington DC.
2023 State-by-State hourly rates & annual salaries for bookkeepers in USA
State | Median Hourly Rate | Average Hourly Rate | Average Annual Salary |
---|---|---|---|
Alabama | $17.98 | $18.33 | $38,120 |
Alaska | $22.93 | $24.39 | $50,730 |
Arizona | $21.30 | $21.20 | $44,100 |
Arkansas | $17.82 | $18.32 | $38,110 |
California | $23.05 | $24.56 | $51,080 |
Colorado | $22.61 | $22.43 | $46,660 |
Connecticut | $23.23 | $24.54 | $51,050 |
Delaware | $22.55 | $21.94 | $45,640 |
District of Columbia (DC) | $28.86 | $28.91 | $60,130 |
Florida | $18.54 | $20.41 | $42,440 |
Georgia | $19.14 | $20.48 | $42,600 |
Hawaii | $22.55 | $22.35 | $46,480 |
Idaho | $18.14 | $19.20 | $39,930 |
Illinois | $22.06 | $22.15 | $46,060 |
Indiana | $18.37 | $19.74 | $41,050 |
Iowa | $19.15 | $20.85 | $43,370 |
Kansas | $18.21 | $18.86 | $39,220 |
Kentucky | $18.30 | $19.63 | $40,830 |
Louisiana | $18.27 | $19.57 | $40,710 |
Maine | $19.07 | $20.83 | $43,330 |
Maryland | $22.67 | $22.93 | $47,690 |
Massachusetts | $23.49 | $25.64 | $53,340 |
Michigan | $21.00 | $20.83 | $43,330 |
Minnesota | $22.82 | $22.65 | $47,100 |
Mississippi | $17.90 | $19.25 | $40,030 |
Missouri | $19.83 | $21.07 | $43,820 |
Montana | $17.87 | $18.29 | $38,030 |
Nebraska | $18.37 | $19.73 | $41,040 |
Nevada | $18.79 | $20.74 | $43,140 |
New Hampshire | $22.00 | $21.25 | $44,190 |
New Jersey | $22.89 | $23.70 | $49,290 |
New Mexico | $18.21 | $19.52 | $40,600 |
New York | $22.94 | $24.38 | $50,720 |
North Carolina | $18.37 | $19.78 | $41,130 |
North Dakota | $18.45 | $20.60 | $42,840 |
Ohio | $18.76 | $20.33 | $42,280 |
Oklahoma | $18.06 | $19.13 | $39,790 |
Oregon | $22.55 | $22.29 | $46,360 |
Pennsylvania | $21.62 | $21.38 | $44,470 |
Puerto Rico | $11.04 | $11.92 | $24,790 |
Rhode Island | $22.88 | $23.08 | $48,010 |
South Carolina | $18.27 | $19.41 | $40,360 |
South Dakota | $17.98 | $18.09 | $37,640 |
Tennessee | $18.29 | $19.67 | $40,910 |
Texas | $20.77 | $20.94 | $43,550 |
Utah | $19.13 | $21.30 | $44,310 |
Vermont | $22.70 | $22.42 | $46,640 |
Virginia | $21.75 | $21.62 | $44,970 |
Virgin Islands | $22.37 | $21.27 | $44,250 |
Washington | $23.23 | $24.74 | $51,640 |
West Virginia | $17.73 | $18.21 | $37,880 |
Wisconsin | $21.29 | $20.74 | $43,150 |
Wyoming | $18.06 | $19.19 | $39,920 |
Median hourly rates, average hourly rates and average annual salaries for bookkeepers across the 50 US states and US territories
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While the information above provides a general overview of bookkeeping hourly rates, you can find detailed bookkeeping pricing information about our services on our Pricing Page.
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