So you’re wondering how much bookkeepers charge in Melbourne? As you search Google and jump from site-to-site you’ll be hard pressed to find bookkeepers with prices on their websites.
The reason most bookkeepers don’t put prices on their sites is that they don’t want to be judged as “expensive” without having a chance to connect with the person.
The industry average is $65 per hour in Australia, which is still very low compared to your accountant who will be charging you $150 per hour for their junior staff, $250 per hour for senior staff, and $400+ per hour for partners. I probably don’t need to convince you that you shouldn’t get your accountant to do your bookkeeping, unless you love wasting money!
So given that the industry average is $65 per hour, that means 50% of bookkeepers charge less than that, and 50% charge more.
So how much should you pay a bookkeeper in Melbourne?
It’s only natural that capital cities will attract higher prices. I work as a mentor to many bookkeepers in Australia, and a bookkeeper in a country town very often charges a lot less per hour than someone in the city. It makes sense! In the same way cafes in the city charge more for coffee and food.
Bookkeepers in cities have higher costs of living, higher wages, and higher rent (unless they are virtual bookkeepers like us).
Many of the bookkeepers I mentor charge upwards of $70 per hour, and some charge more than $80 per hour.
It can become very confusing for business owners to know how much they should be paying.
Do higher bookkeeper fees equal a better quality bookkeeper?
Don’t make the common mistakes that many business owners make.
Believing that higher cost equals better quality.
And that if you pay peanuts, you get monkeys!
Both of these statements CAN be true but they are not necessarily true in all cases.
I know this from personal experience because I’m a small business owner! I’ve had to hire my own bookkeeper and honestly I didn’t have a great experience.
Firstly it was really hard to find someone who I could connect with. I want to Google to find my bookkeeper because I know TOO MANY bookkeepers in the industry so I had to find someone I didn’t KNOW already.
Then when I did hire someone, I had a bad experience.
- My $80 per hour bookkeeper was far too busy for me because I was small. It wasn’t worth her time.
- My $70 per hour bookkeeper was far too detailed, wanting tax invoices for small items and recurring subscriptions (every single one!)
- My $45 per hour bookkeeper didn’t complete tasks, and often left things undone, so that I had to resolve them myself.
- My $25 per hour bookkeeper was an absolute legend!
So as you can see, higher fees doesn’t equal better bookkeeping, necessarily.
Fixed Price Bookkeeping Packages
We gave up our hourly rate quite some time ago because we believe that hourly rate billing puts all the risk onto YOU the business owner. When a bookkeeper charges you by the hour there is no incentive for them to work quickly, in fact, there’s an incentive to work slowly.
All our bookkeeping, accounting and consulting is on fixed fee monthly packages, so you can plan ahead and know what to expect.