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.
Bookkeeping salary in California. The average Bookkeeping salary in California is $40,961 per year or $21 per hour. This is around 1.4 times more than the Median wage of the country. Entry level positions start at $29,000 while most experienced workers make up to $57,000. These results are based on 72 salaries extracted from job descriptions.