How Much Do Bookkeeping Services Cost in the Philippines?
TL;DR (Too Long; Didn’t Read) Bookkeeping services in the Philippines typically cost between PHP 3,000 to PHP 20,000+ per month, depending on the complexity, volume of transactions, business size, and whether you hire a freelance bookkeeper or a firm. Freelancers may charge as low as PHP 150 to PHP 500 per hour, while firms often offer packages with inclusive services. Always check for transparency in pricing to avoid hidden fees.
Summary Answer
The cost of bookkeeping in the Philippines varies significantly based on your business size, needs, and the provider you choose. On average:
- Freelancers charge PHP 150 to PHP 500 per hour.
- Firms or outsourced bookkeeping services in the Philippines offer monthly packages ranging from PHP 3,000 for startups to PHP 20,000+ for more complex businesses.
Choosing the right service involves understanding what you’re paying for—from compliance support to financial reporting—and ensuring there are no hidden fees.
Why Businesses Ask This Question
Small business owners and startups are often unsure about the cost of bookkeeping and may hesitate to outsource due to perceived high prices or fear of hidden charges. But bookkeeping services in the Philippines can actually be very affordable and scalable.
What Influences the Cost of Bookkeeping?
Here are the key factors that influence bookkeeping rates in the Philippines:
1. Business Size and Transaction Volume
- Startups with few transactions pay less.
- High-volume businesses require more time and attention.
2. Scope of Services
- Basic data entry vs. full-service accounting.
- Add-ons like payroll, tax compliance, and reporting cost more.
3. Provider Type
- Freelancers are generally cheaper.
- Firms offer structure, multiple personnel, and systemized processes.
4. Software and Tools Used
- If the bookkeeper uses premium software (e.g., QuickBooks, Xero), this may affect the pricing.
5. Frequency of Services
- One-time clean-up or regular monthly services.
Price Comparison: Freelance vs. Firm
Freelance Bookkeeper Rates (Philippines):
- PHP 150 to PHP 500/hour
- Ideal for startups, solo entrepreneurs, and low-transaction businesses
Small Business Bookkeeping Prices via Firms:
- PHP 3,000 to PHP 10,000/month for basic services
- PHP 10,000 to PHP 20,000+/month for comprehensive packages
- Often includes:
- Tax filing
- Payroll assistance
- Monthly reporting
- Compliance with BIR requirements
Tip: Ask for a detailed service breakdown to avoid surprises.
Why Outsourced Bookkeeping is Cost-Effective
Outsourcing is often more affordable than hiring an in-house bookkeeper:
- No need for full-time salary and benefits
- Access to expert teams, not just one individual
- Scalable services as your business grows
- Time-saving, letting you focus on core operations
This makes outsourced bookkeeping services in the Philippines a smart move for growing businesses.
What You Get in a Bookkeeping Package
A typical package may include:
- Monthly encoding of income and expenses
- Reconciliation of bank accounts
- VAT and tax filing (e.g., 2550M, 1701Q)
- Payroll computation and SSS/PhilHealth/Pag-IBIG remittance
- Monthly or quarterly financial reports
Always clarify what’s included and what comes at an extra cost.
Dealing with Price Sensitivity and Hidden Fees
Many businesses worry about cost, but there are ways to stay within budget:
- Choose fixed-rate packages to avoid fluctuating bills.
- Ask about extra charges (e.g., late filings, rush requests).
- Opt for monthly subscriptions rather than per-hour billing if you need consistent service.
- Don’t forget to check if the provider handles BIR compliance, which saves future penalties.
Real-World Bookkeeping Cost Examples (2024 Data)
| Type | Price Range | Best For |
| Freelance (hourly) | PHP 150 – PHP 500 | Solo entrepreneurs |
| Freelance (monthly) | PHP 2,500 – PHP 7,000 | Micro businesses |
| Firm (basic plan) | PHP 3,000 – PHP 8,000 | Startups |
| Firm (premium plan) | PHP 10,000 – PHP 20,000+ | SMEs and growth-stage companies |
Want to compare options? Search for accounting and bookkeeping services Philippines to get quotes.
Long-Term Value of a Good Bookkeeper
Besides keeping your books tidy, bookkeepers help with:
- Reducing tax liabilities
- Providing insights into cash flow
- Assisting with loan or investor requirements
- Ensuring BIR compliance to avoid costly penalties
In short: They don’t just save money—they make money decisions smarter.
FAQs: Bookkeeping Cost in the Philippines
1. How much do bookkeeping services cost in the Philippines?
It ranges from PHP 3,000 to PHP 20,000+ per month, depending on your business needs.
2. What factors affect the cost of bookkeeping services?
Business size, transaction volume, provider type, service scope, and software used.
3. Are freelance bookkeepers cheaper than bookkeeping firms?
Yes. Freelancers charge less but may have limited bandwidth.
4. How much should I budget for monthly bookkeeping services?
Start with PHP 3,000 to PHP 5,000 for basic needs, more if you need payroll and compliance support.
5. Is outsourced bookkeeping more cost-effective than in-house?
Yes. You save on salaries, benefits, and training.
6. Do bookkeepers charge per hour or per month in the Philippines?
Both exist. Freelancers usually charge hourly, while firms offer monthly packages.
7. What’s the difference in rates between small businesses and corporations?
Corporations need more comprehensive services, which means higher fees.
8. Are there hidden fees in bookkeeping services?
There can be. Always ask for a transparent pricing breakdown.
9. What’s included in a typical bookkeeping package?
Encoding, reconciliation, tax filing, payroll, and financial reports.
10. Do I need a bookkeeper if I already use accounting software?
Yes. Software assists; a bookkeeper interprets and ensures compliance.
11. What’s the average cost of bookkeeping for startups in the Philippines?
PHP 3,000 to PHP 8,000/month depending on needs.
12. Are there flat-rate bookkeeping services available?
Yes. Many firms offer monthly fixed rates.
13. How do I choose the right bookkeeper for my budget?
Compare services, check reviews, ask for trial periods or sample reports.
14. Can I negotiate bookkeeping fees with providers?
Absolutely. Some may offer custom pricing based on scope.
15. Is bookkeeping a one-time cost or an ongoing service?
It is usually ongoing, especially for businesses with regular transactions.
Final Thoughts
The cost of bookkeeping in the Philippines shouldn’t scare you off. With transparent providers and scalable options, even small businesses can afford professional help. Whether you’re eyeing a freelance bookkeeper or a firm offering outsourced bookkeeping services in the Philippines, the key is understanding your needs and getting clear on pricing.
Ready to get organized? Choose smart, scalable, and affordable bookkeeping tailored to your business. Fill out the form below today and let us help you with your bookkeeping needs.