Your Current Costs

Cost of Employing a Bookkeeper

ITEM	AMOUNT	TYPICAL COST
Bookkeeper's hourly rate($)		$25 per hour
On average. the # of hours your bookkeeper works		40 per week
Health insurance costs for bookkeeper($)		$350 per month
Number of weeks paid vacation per year		2 weeks per year
Payroll taxes & worker's comp (as a % of salary)		15%
Overhead (as a % of office space, computer, supplies)		20%
Retirement/401k Benefits (as a % of salary)		2%
Cost of Your Time to Manage the Bookkeeper
ITEM	AMOUNT	TYPICAL COST
Hours per week you spend with the bookkeeper		3 per week
Value of your time (not cost)		$100 per hour
Hours per year spent hiring and/or training a bookkeeper		10 hours per year
CPA fees to review and remedy mistakes		$175 per month
Detailed Calculation of Bookkeeping Costs
Monthly Salary($)
Health Insurance($)
Retirement/401k benefits($)
Vacation($)
Payroll Taxes & Worker's Comp Insurance($)
Overhead($)
Total Monthly Bookkeeper Costs($)
Your Time to Manage Bookkeeper($)
Hiring and Ongoing Training($)
CPA fees to review and remedy bookkeeping mistakes($)
Total Monthly Costs of Owner($)
Your Current Monthly Bookkeeping Costs: