Free tool · one minute
What does in-house bookkeeping cost?
Not the software: the people. Count the transactions, be realistic about the minutes each one takes, and see what keeping the books in-house costs over a year.
Count every invoice you raise, every bill and receipt, and every line on your bank and card statements.
Salary, benefits and overheads per working hour. For a director or finance manager, use what that hour is worth elsewhere.
Under the hood
What the estimate counts
- 1
Posting
Every sales invoice, supplier bill, expense receipt and bank line has to be found, entered, coded and filed. A few minutes each adds up fast.
- 2
Month-end
Reconciling each bank and card account, preparing the VAT figures and the monthly reports is time on top of the posting.
- 3
Hourly cost
Use the full hourly cost of whoever does the work, including salary, benefits and overheads. Where a director or finance manager does it, use what their time is worth elsewhere.