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Accountants Labour Cost (Daily) Calculator

Estimate the daily employment cost of your accounting team, including wages and employer on-costs.

Your Details

Overview

Use this Accountants Labour Cost (Daily) Calculator to estimate the cost of staffing your accounting function for one day. Enter the number of accountants, their paid hours, gross hourly pay rate, employer on-cost percentage and any daily extras to see an all-in daily estimate.

How it works

The calculator first multiplies the number of accountants by their paid hours and hourly rate to estimate gross daily wages. It then adds employer on-costs, calculated as a percentage of those wages, plus any daily allowances or other extras you enter. Dividing the total by the number of accountants gives the average daily cost per person.

How to use this calculator

  1. 1Enter the number of accountants working that day.
  2. 2Add the paid hours expected for each accountant.
  3. 3Enter the gross hourly pay rate before employer costs.
  4. 4Add an estimated percentage for employer on-costs.
  5. 5Include any team-wide daily allowances or extra costs, then review the total.

Example Calculation

Number of accountants

2

Hours per accountant

8

Hourly pay rate

$35

Employer on-costs

20%

Daily allowances and extras

$40

Total daily labour cost

$712.00

Two accountants working 8 hours at 35 per hour create base wages of 560. With 20% employer on-costs and 40 in extras, the estimated daily labour cost is 712, or 356 per accountant.

Frequently asked questions

What is included in daily labour cost?

This estimate includes gross wages, employer on-costs entered as a percentage, and any daily allowances or extra costs you add.

What should I include as employer on-costs?

Depending on your location and employment setup, on-costs may include employer payroll taxes, pension contributions, insurance, paid benefits and similar employment expenses.

Should I use salary or hourly pay?

Enter an hourly rate. For salaried staff, convert the relevant gross salary into an hourly equivalent using your usual paid-hours basis.

Does the calculator include overhead costs?

No. Office rent, accounting software, equipment, training, recruitment and management overhead are excluded unless you add them as daily extras.

Can I use this for contractors?

Yes, if you enter the contractor's charge rate as the hourly pay rate and set employer on-costs to zero or to any additional costs you expect to pay.

Why might actual daily cost differ from the estimate?

Actual costs can change because of overtime, leave, bonuses, different benefit arrangements, payroll rules and unplanned staffing expenses.

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Assumptions and warnings

Assumptions

  • All accountants are paid the same hourly rate and work the same number of paid hours.
  • Employer on-costs are estimated as one percentage of gross wages.
  • Daily allowances and extras are entered as a total for the full team.
  • The result is an estimate and excludes costs not entered, such as office space, software, recruitment and management overhead.

Warnings

  • This calculator provides a budgeting estimate only and is not financial, payroll, tax or employment advice.
  • Actual employment costs can vary with contracts, overtime rules, local payroll requirements and benefit arrangements.
Accountants Labour Cost (Daily) Calculator