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.
Salary Range. The middle 50 percent of bookkeepers on the earnings scale make $33,315 to $43,388 per year as of March 2011, according to Salary.com. The bottom 10 percent have annual salaries of $29,040 and below, and the top 10 percent $48,286 and higher.