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Bookkeeping Rates

The tasks that bookkeepers perform are as follows:

  • Record all financial transactions
  • Verify the procedures used to record the transaction

During these processes that establish a balance between all accounts via manual input to software designed as a tool for bookkeeping. This entails posting journal entries, reconciling accounts, preparing trial balances in addition to ensuring the integrity of the general ledger and preparing the financial statements for a given cycle.

Other activities cover the calculation of the payroll and the execution and preparation of the payroll cheques, expense payments, such as anything that falls into the operational category like utilities, building rent, mortgage, maintenance and so on. Furthermore, they  prepare tax statements, pension contributions, worker’s compensation and other similar documents that are part of the financial landscape of a business.

The following  rates have been determined by the Institute of Professional Bookkeepers of Canada.

Junior Bookkeepers (1-2 years experience): $20 – $40/hour
Intermediate Bookkeepers (3 – 10 years experience): $40 – $60/hour
Senior Bookkeepers (over 10 years experience): $60 – $80 hour

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If you require bookkeeping services for your business, make sure to call the professional Brampton accountants at Envolta. Building relationships with our clients is our number one priority -You are not just a number. If you are not 100% satisfied with your service, we will give your money back.

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