Freelance Bookkeepers vs. Employees

Freelance bookkeeper services run on average about $50-$70+ an hour. Let's compare this with the cost of hiring an employee. An employee's actual cost is 2 to 2 1/2 times their salary. Let's factor in some of the inevitable expenses that come with hiring an employee.

• Health/Dental/Vision Benefits
• Equipment and Space
• Supplies
• Retirement Plans
• Insurance
• Unemployment
• TAXES (Freelancers are self-employed and pay their own taxes.)
• Overtime Payment

Someone to administer and oversee all of the above. If you calculate the cost of all of the above, plus the actual salary, you can see how expensive it is to hire an employee.

Plus you will only be paying for time actually worked - not a flat 8 hours per day regardless of how much time is spent on actual work.