How much does a bookkeeper cost Ireland depends upon many factors but we at Taxlink Accountants Dublin had put together a straight and simple pricing.
Bookkeeping is essential for successful business management, involving the systematic recording and organisation of financial transactions.
Bookkeeping tracks income, expenses, assets, liabilities, and equity, ensuring accurate financial records for informed decisions and tax obligations. Key bookkeeping elements include ledgers, accounts, assets, liabilities, equity, revenue, expenses, and various financial statements.
While bookkeeping focuses on recording transactions, accounting interprets, analyses, and reports on them, providing insights into a company’s financial health and advising on business strategies.
By entrusting our bookkeeping team with your data entry, you’re assured of impeccable record-keeping. This precision becomes invaluable when it’s time for VAT returns or period-end account preparations, ensuring every detail is spot-on.
Also Read our post: What is Bookkeeping – A Comprehensive Guide for Businesses for Understanding Bookkeeping
What do accountants charge for bookkeeping?
The cost of Bookkeeping in Ireland with Taxlink (mainly off-site) is €50/hour. We have a list of standard pricing for all our services listed here: ( You can go through, How much does an accountant cost for small Businesses in Ireland )
- Company Set up From – €300
- Annual Return for CRO (Form B1) – €120
- Income tax return (Form F11) suitable for landlords – From €300
- Payroll – up to 6 payslips – €50/month
- Irish Readymade Companies – POA
- International Company and International Readymade (Shelf) Companies – POA
- Change of Company Name – €250
- Business Name Registration – €99
- RBO Registration/Changes – €100
- Tax Clearance letters for Bank/financial institution – €35
- Set of company accounts from – €800
- Annual Return for CRO (Form B1) – €120
- One-off consultation – €200
- Payroll – up to 10 payslips and filing obligations – €100/month
- Additional payslips (over included in the package above) – €5/each
- 3-year finance plan and projections (over 2 meetings) – €1,500
- Additional accounting services – €120/hour
- Bookkeeping (mainly off-site) – €50/hour
***All prices are excluding VAT
Services Includes in Bookkeeping
- Bank Reconciliations – a process that explains the difference between the bank balance shown in your business bank statement, as supplied by the bank, and the corresponding amount shown in the organisation’s own accounting records at a particular point in time.
- General Ledger Upkeep – this is a collection of the group of accounts that supports the value items shown in the major financial statements.
- Accounts Payable – we can keep record of amounts owed by the business and not paid as of a period end.
- Accounts Receivable – we can keep record of amounts owed to the business and not received as of a period end
- Payroll Processing – see PAYE and Payroll Service
- Financial Statement Preparation
- Tax Return Preparation – see our tax return services – we cover VAT, CT, PAYE, RCT among others.
Also Read: Setting Up as a Sole Trader in Ireland – Complete Checklist
Reasons to Outsource Bookkeeping Service in Ireland
Outsourcing bookkeeping services in Ireland has become an increasingly popular strategy for businesses aiming to optimise their operations.
One of the primary reasons for this trend is the potential for significant cost savings. When businesses handle bookkeeping in-house, they often incur expenses related to hiring, training, and maintaining a full-time or part-time staff member. Outsourcing eliminates these overhead costs, allowing businesses to pay only for the services they need.
Moreover, professional bookkeeping services bring a level of expertise that can be hard to match with an in-house team. This expertise translates to a reduced risk of human error—a common issue that can lead to financial discrepancies and even legal complications. By ensuring that all financial transactions are recorded accurately and consistently, businesses can avoid costly mistakes.
Additionally, the complexities of tax regulations in Ireland mean that missing a tax deadline can result in hefty penalties. Outsourced bookkeeping services are well-versed in these regulations and deadlines, ensuring that businesses remain compliant and avoid unnecessary fines.
In essence, outsourcing bookkeeping is not just a matter of convenience; it’s a strategic move that can lead to substantial savings, both in terms of money and time, while ensuring compliance and accuracy in financial matters.
