Running a small business in Brisbane often means balancing tight budgets with the need for accurate financial management. Bookkeeping and accounting services in Brisbane play a key role in ensuring tax compliance and maintaining a clear picture of your cash flow, expenses, and profits. But how much do these services actually cost?
The answer depends on many factors from the size of your business to the type of services you need. On average, small businesses in Brisbane spend between $1,500 and $5,000 per year on standard accounting tasks such as financial statements, tax returns, and BAS lodgements. Meanwhile, bookkeeping services in Brisbane can range from $25 to $250 per hour, depending on complexity.
In this blog, we’ll break down the difference between bookkeeping and accounting, the key factors that influence cost, and what Brisbane businesses typically pay for each.
Understanding Bookkeeping and Accounting Services in Brisbane
Before comparing costs, it helps to understand what bookkeeping and accounting services Brisbane businesses usually include. Bookkeeping focuses on recording everyday financial transactions like sales, purchases, and payments, and preparing reports such as the BAS (Business Activity Statement). Accounting, on the other hand, goes beyond data entry. It includes financial analysis, preparing year-end financial statements, and filing tax returns.
In most Brisbane businesses, bookkeepers handle daily records while accountants manage tax and compliance. Bookkeeping keeps your accounts organised throughout the year, while accounting provides the insights needed to make better financial decisions.
For small businesses, it often makes sense to hire a bookkeeper to manage day-to-day records and an accountant annually for tax and compliance work. Both are essential: poor bookkeeping can lead to tax penalties, and a skilled accountant can help optimize deductions and improve profitability.
Factors Affecting the Cost of Bookkeeping and Accounting in Brisbane
The cost of bookkeeping and accounting in Brisbane depends on several factors. The first is the size and complexity of your business. A sole trader with limited transactions will pay far less than a company managing multiple employees, accounts, or inventory.
The scope and frequency of services also affect price. Businesses that need weekly bookkeeping will naturally pay more than those opting for monthly or quarterly services. In Brisbane, bookkeeping rates generally range from $30 to $70 per hour for regular tasks, while more complex jobs like payroll or financial clean-ups cost more.
Experience and qualifications make a difference, too. A CPA-qualified accountant will typically charge more than a standard bookkeeper. Even location can influence price (firms in central Brisbane may charge more than suburban or online providers). However, with the rise of cloud-based bookkeeping services in Brisbane using tools like Xero and QuickBooks, many businesses now enjoy faster, more affordable solutions.
Overall, you can expect bookkeeping costs to range between $30–$70 per hour and accounting services between $100–$300 per hour. The exact price depends on your specific business needs and whether you choose hourly billing or a fixed package.
Bookkeeping Services in Brisbane: Common Prices and Packages
Bookkeeping services in Brisbane are usually offered as hourly or monthly packages. Hourly rates typically range from $30 to $80 per hour, depending on the bookkeeper’s experience and the complexity of work. For example, WOW! Advisors reports that Brisbane businesses often pay between $30 and $70 per hour for standard bookkeeping.
Fixed packages are also popular. Many bookkeepers in Brisbane offer monthly plans priced between $200 and $800, which include set services like transaction recording, bank reconciliations, payroll, and BAS preparation. Some even offer small business packages from as low as $38 per hour when bundled together.
Choosing between hourly and monthly billing depends on your business size and transaction volume. Monthly bookkeeping rates offer a balance: it keeps records stable without any surprise costs. Weekly bookkeeping is best for businesses with heavy transaction flow, while quarterly bookkeeping suits seasonal operators but carries a higher risk of missed deadlines.
When comparing providers, always check what’s included—especially whether they cover BAS lodgements, payroll, or software setup. The right package can save you time and ensure compliance throughout the year.
Accounting Services in Brisbane: Fees and Typical Costs
Accounting services in Brisbane usually cost more than bookkeeping due to the higher expertise involved. Accountants handle tasks such as tax filing, end-of-year financial statements, and strategic business advice. Hourly rates for accountants often range from $100 to $300 per hour, depending on qualifications and complexity.
Small Brisbane businesses generally spend $1,500 to $5,000 annually on standard accounting packages, which include year-end accounts, tax returns, and BAS lodgements. Larger firms with multiple employees or more complex finances may spend upwards of $10,000 per year for ongoing support.
Accountants also offer individual services such as business tax returns, which might cost between $300 and $1,000, while personal tax returns can start from around $150. Some firms offer monthly retainers, typically between $250 and $1,000, covering ongoing bookkeeping, BAS, and advisory support.
In general, small businesses in Brisbane spend between $2,500 and $12,000 per year on combined bookkeeping and accounting depending on business size, industry, and level of service required.
How to Find Affordable Bookkeeping and Accounting Services in Brisbane?
When searching for affordable bookkeeping and accounting services Brisbane, comparing quotes is key. Always ask for a detailed breakdown of fees and inclusions. Fixed packages offer predictability, while hourly billing gives flexibility.
Check the provider’s qualifications and experience. While low-cost bookkeepers may be tempting, accuracy and reliability matter far more. A registered tax agent or CPA ensures compliance and professional standards.
Many modern Brisbane firms use cloud accounting software such as Xero, MYOB, or QuickBooks Online. These tools automate much of the manual data entry, reducing billable hours and improving accuracy. Setting up your systems in the cloud and sharing access with your accountant can significantly cut costs.
Also consider whether you prefer a local Brisbane accountant or an online bookkeeping service. Local experts may better understand Queensland’s tax rules, while online firms often provide more competitive pricing due to lower overheads.
Ultimately, you can follow value rather than cost. Reliable bookkeeping and accounting ensure accuracy, compliance, and smarter decision-making. Spending a few hundred dollars per month can save thousands in the long run through better financial control and tax efficiency.
Conclusion
In summary, bookkeeping and accounting services in Brisbane can range widely in cost, depending on your business size, needs, and complexity. Expect bookkeeping to cost between $30–$70 per hour, and accounting between $100–$300 per hour, with most small businesses spending a few thousand dollars per year on combined services.
While cheaper options exist, investing in qualified professionals like WOW! Advisors ensures your finances stay compliant and accurate. With smart budgeting and the right provider, you can find affordable bookkeeping and accounting Brisbane solutions that keep your business organized, stress-free, and ready for growth.
