Full-time Bookkeeping Costs: In-house vs. Outsourcing

How much does full-time bookkeeping cost?

The hourly rates for full-time bookkeeping are about $21.90 per hour. The state-by-state averages for hourly rates in bookkeeping vary wildly across the various states. A full-time bookkeeper is your employee and on your payroll. They come into your office every day to do the bookkeeping. So, you have to pay them for 40 hours per week even when there is not enough work for all that time. And, what about extended lunch breaks or coffee time? It’s not their fault that you cannot keep them busy. Office space, desk, computer and phone? Yes, yes, yes and yes! And then you have the payroll taxes. That’s another 7.45% towards their social security and Medicare. And, what about health insurance? Needless to say it is expensive to hire a full-time bookkeeper especially when you do not have enough work to keep them busy. Full-time bookkeeping costs are more than part-time bookkeeping costs but the difference is starker when you compare with outsourcing.

How much can you save with outsourcing?

We offer the lowest bookkeeping rates in the industry and outsourcing to us saves you 87% off your full-time bookkeeping costs. In other words, we only cost less than 1/6th an in-house bookkeeper. That’s assuming the average rate of $21.90 per hour for an full-time bookkeeper. You may pay more or less than $21.90 per hour! If you pay more, your savings could be a lot more. If you pay less, you can still save more than 80%. How’s that even possible?

Below is a table that compares the cost of full-time bookkeeping with that of outsourced bookkeeping.