Find a Bookkeeper near you
The average rating for Bark Bookkeepers is 4.9, based on 12,696 reviews
5/5
based on 12,696 reviews
Although bookkeeping is important to businesses, it can be painfully boring and tedious. Find out just how much it’ll cost to outsource your bookkeeping to professional accountants, so you don’t have to worry about it!
In a nutshell, Bookkeeping is the art of keeping financial records. It’s an essential practice of every successful business.
Bookkeeping serves many purposes for businesses. For one, it helps the business’ administration to keep track of their progress. By keeping a close eye on their money, they can evaluate their actions and find out what is working in their business.
Bookkeeping needs to be carried out regularly. Under ideal conditions, bookkeeping must be done every day for maximum results.
Proper and accurate bookkeeping helps you understand the finances of your business. With accurate bookkeeping, you can see how much your business makes, discover what’s eating up your money, and make guided decisions in future events.
Proper bookkeeping enforces discipline in your business. It reduces or even eliminates the tendency of theft and fraud among employees, and makes sure that all the stakeholders remain transparent in their everyday business transactions.
So how much does it cost to hire professionals who can offer bookkeeping services in Canada?
The cost of hiring professional bookkeeping services in Canada varies, and this is dependent on a few reasons. Let’s take a look at how much you’ll pay for Bookkeeping on average:
| Average price | Nature of service | Duration |
| $40 - $80 | Part-time bookkeeping services (individual freelancers) | 1 hour |
| $2,000 - $4,500 | Full-time bookkeeping services | 1 working month |
| $150 - $450 | Part-time bookkeeping services (agencies) | 1 hour |
The table above summarizes the determinants of the amount of money you will spend on bookkeeping in Canada. Those factors include:
Nature of the service
Experience level of the professional
Size of your business
Full-time bookkeeping services are more expensive. If you run a small business and you do not have a lot to spare, you may want to consider beginning with part-time bookkeeping services.
Just as is the case with every other field, more experienced professionals have higher charges on their services. This is usually as a result of their expertise.
Larger businesses will always spend more money when hiring a professional accountant to offer bookkeeping services. You wouldn’t expect to pay the same as a one-man business if you run a twenty-man business with a seven-figure annual revenue.
Need a Bookkeeper but worried about costs? Read our top tips for keeping costs down:
Hire a professional part-time - Depending on the amount of money you have, hiring a professional on a part-time basis may be cheaper for you. This way, you only pay the professional when he offers his services to your business.
Opt for a mid-range professional - Hire a mid-range professional if you are on a budget. Their services are usually more affordable.
Choose an individual over an agency - Hiring individual professionals is cheaper than hiring a bookkeeping/accounting agency to do the job for you.
Bookkeeping is a major part of every business’ daily operations. Doing it right could be the difference between your business sinking and swimming. Hire a Bookkeeper for your business on Bark!
The average rating for Bark Bookkeepers is 4.9, based on 12,696 reviews
5/5
based on 12,696 reviews
