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.
You mentioned income potential. The average full-time bookkeeper earns about $40,000 per year, the U.S. Bureau of Labor Statistics reports. However, that is as an employee in a typical work setting. As a freelancer or contractor, you can actually earn a higher hourly rate while working fewer hours.ou mentioned income potential. The average full-time bookkeeper earns about $40,000 per year, the U.S. Bureau of Labor Statistics reports. However, that is as an employee in a typical work setting. As a freelancer or contractor, you can actually earn a higher hourly rate while working fewer hours.