The first step lies in establishing the difference between two key conceptsâReplacement Cost Value (RCV) and Actual Cash Value (ACV). Generally speaking, the replacement cost refers to the amount an entity would pay to replace an asset at the present value. The actual cash value, on the other hand, is the cost to replace an item, less depreciation.
Instead, they may contract for their services through an accounting firm. These bookkeepers average $38,500 to $57,250 a year without certification. A certified bookkeeper, on the other hand, can expect to earn $40,425 to $62,975 a year in 2013.
The average annual salary for bookkeepers varies depending on their location, size of the firm, and other factors. The bookkeeping position doesnât require much in the way of education or formal training, the salary reflects that. The average annual salary for a bookkeeper is between $20,000 and $45,000.It is less than the national average for American workers, which is between $49,000 and $51,000.ducation can play a big part in how much your average annual salary as a bookkeeper is. For instance if you do not receive any formal training for bookkeeping and only have a high school diploma or equivalent, you could and will most likely average between $22,000 and $30,000 per year.