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Experiment 05 · feeds Books

The True Cost of DIY Books.

What is doing it yourself really costing you?

How the books get done today

Who does them?
hrs
$
$40$500
Are the books behind right now?
$/mo

Doing your own books is really costing

$31,104/yr

A pro at $450/month costs $5,400/yr - so DIY is leaving about $25,704 on the table every year, plus 30 working days of your own time.

Hours a year

240

Working days lost

30

vs a pro

$5,400/yr

Over 5 years

$155,520

Where the DIY cost hides

Your time240 hrs at $120/hr$28,800
Errors, rework & missed deductionsthe quiet one$2,304
True annual cost of DIY$31,104
How this is calculated

Time cost = weekly hours × 48 working weeks × the value of the hour (for staff we add 25% for super, leave and overheads). We add a conservative allowance for errors - late lodgement penalties, missed deductions and rework - of 5–8% of the time cost, and typical catch-up fees if the books are behind.

  • Surveys consistently put small-business owners at 5–10 hours a week on financial admin.
  • The real cost usually isn't the bookkeeping - it's the selling, quoting and growing that doesn't happen in those hours.

LINK Books does it for a fixed monthly fee, backed by Chartered Accountants - usually for less than DIY costs you.

Talk to Books

Based on your own numbers plus conservative allowances. The point isn't the cash cost of bookkeeping - it's the value of the time and accuracy you get back.