Levels of Bookkeeping Service

You might ask yourself, “What is the difference between a bookkeeper that charges $15-20 per hour and one that charges $50-75 per hours?”The answer, A LOT!Bookkeepers that charge $15-20 are generally self-taught on a specific accounting system, have little education or experience behind their work, may do bookkeeping as a part-time job, or require that you hire them full time.  These individuals also require substantial oversight.  Accordingly, what you save in money, you will spend in time....and we all know time is your most valuable resource.Bookkeepers that charge $50-$75 generally have a background in accounting as a profession, have experience in the field, and generally work full time at their job.  They require little oversight and can for the most part work autonomously.If you have an accounting department and system that is automated, you really only need data entry assistance, and have the ability to oversee the process, a bookkeeper on the lower level may be appropriate.  However, if you don’t have the time to fully oversee the accounting of your company and do not have controls in place to ensure the accounting is done correctly, then a more experienced and professional bookkeeper would be more useful.Most small businesses and growth companies fall in to the latter example.  In addition, time is an owner’s most valuable asset, and most good owners realize that their skills and presence are better served driving sales, fund raising, and forming the future of the Company rather than sitting behind a desk figuring out the accounting. BizCFO is an accounting and finance consulting firm with offices in Santa Monica, Orange County, and San Diego, providing quality professional services. For additional complimentary information regarding this topic or other questions you may have please call one of BizCFO’s offices located in Southern California or contact us here.