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How much to charge for book keeping

1 reply

Slowprogress · 10/09/2015 12:31

At the moment I do invoicing for some builders and charge a price per invoice, another builder has asked me to do book keeping.

I am assuming it is just keeping a record of the jobs they have done and money earned and a record of expenses.

How much is fair to charge for this?

The builder said an hourly rate, I currently get paid about ??15.50 per hour in my employed job so what would be a fair price.

If the builder has say 2-5 jobs per week how much time is that likely to take me to do the book keeping? I am think 1-2 hours max per week.

OP posts:
taxguru · 10/09/2015 19:12

You need to do a detailed spec of what needs doing. Book-keeping is more than a record of jobs and expenses. It usually means maintaining the sales and purchase ledgers and also the bank reconciliation. Probably also the quarterly VAT returns, and running the payroll (and probably CIS returns too).

Hourly rate depends on your location - anywhere between £15-£30 for a self employed book-keeper is reasonable. The higher end if you're doing the book-keeping fully, maybe the lower end if you're just creating invoices and making a simple list of expenses as someone else will then have to do the higher bits, maybe their accountant?

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