Freelance Bookkeeping Rates

While choosing a freelance bookkeeper there are several things to consider. How much is it going to cost you? Will they do a good job for your business? Do they have the required skill set and qualifications to be able to complete the task? How long have they been bookkeeping for? If the answers to all of these questions are satisfactory, then you need to discuss timeframes and agree the workload for a specific budget.

Let’s face it, competition is hot, and there are many qualified people who are willing to work for half of the going rate just to get the work. However, this is your company at stake, and one slip from a bookkeeper could end up being a costly mistake which damages your bank balance and your credibility. The easiest way to find someone who is reliable and trustworthy is via word of mouth, reviews online, speaking to other business owners – and if possible meet the person who is going to be looking after your books. Your instinct will tell you whether they are right for your business or not. If meeting isn’t an option and your preferred bookkeeper works remotely – a facetime call or skype video call will help to alleviate any doubts you may have before you assign them the work.

How much will I pay for a freelance bookkeeper?

Work out if hiring a freelance bookkeeper is cost effective for your business, or if it is better to bring an employee in and train them to use your existing system. Professional bookkeeping services like Bookkeeper Melbourne at can give you an indication as to how much a freelance bookkeeper costs. They offer competitive rates for bookkeeping on your premises or remotely using MYOB, QuickBooks, Excel and XERO software.

If you seek out a freelance bookkeeper online you will find that hourly rates vary dramatically, but how do you know if they are qualified? Again the only answer is research, ask for testimonials and call those people – if they are happy for you to do so and supply details straight away, then they may be a good choice. Be very clear on the type of service you want your freelance bookkeeper to provide and how often and be prepared to manoeuvre your budget for the right freelancer. Paying a few dollars more per hour or per fixed rate job may work out more cost effective in the long term if your paperwork is returned accurately. Hiring the wrong freelance bookkeeper because they are cheaper won’t always benefit your business.

How much you would pay a full time employee to complete a bookkeeping role will not be the same as hiring a professional fully qualified bookkeeper with years of experience. Try to keep an open mind when rates are submitted and just make sure you lock in the best service for your business needs. If a fixed fee for a month’s work is more appealing to you, advertise this and ask for fixed fee quotes. If everyone knows where they stand from the beginning, there will be no confusion later on or when it’s too late.