Generally an accountant gives an overview, providing financial advice and recommendations, while a bookkeeper handles the crucial but more daily nitty-gritty of maintaining business records. These tasks can be done in-house by an employee or business owner using computer software by an outside bookkeeper or by an accountant-but having an accountant doing daily bookkeeping tasks is the most expensive option. A business needs accurate and up-to-date bookkeeping for two reasons-to pay taxes and to understand how your business is doing.Related articles: Business Tax Preparation, Accounting Software, Payroll Service, Accountant The average annual pay for a bookkeeping account executive is $68,294, or $57,600 for a payroll manager, according to. A typical salary for an in-house bookkeeper in the United States runs $30,400-$39,898 according to. Online services such as SBSuite (starting at $69/month for a basic package) and (which has an online cost calculator to input your company's specifics) handle your company's bookkeeping needs entirely through e-mail, phone calls, faxes and the Internet.Accountants sometimes have on-staff bookkeepers to provide these services, usually at $30-$50 an hour.An established Northern California retail store with 12 employees generates about 4-6 hours a week of bookkeeping work, or $480-$960 a month, plus $80 in monthly fees for a payroll service to issue paychecks and file payroll tax forms. The amount of bookkeeping time required will vary significantly depending on the complexities of the business and the industry. Usually you can hire a trained, experienced bookkeeper on a contract basis for $30-$40 an hour, but there can be a minimum monthly charge of $100-$150 for small businesses that don't require a lot of work hours.
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