Can You Hire Bookkeepers in Latin America? What U.S. Service Business Owners Need to Know in 2025
Your U.S.-based bookkeeper costs $55,000 annually plus benefits, totaling closer to $66,000 annually. A skilled professional in Latin America with identical qualifications costs $24,000 to $36,000 and works in your time zone. That’s up to a 65% reduction in payroll spend without sacrificing quality. Small service businesses across construction, real estate, professional services, and field operations are discovering what larger companies have known for years: Latin America produces exceptional financial talent at a fraction of domestic costs. But hiring internationally comes with questions. Can LATAM bookkeepers really handle U.S. accounting standards? What about English proficiency? And how do you navigate employment compliance across borders? This guide answers every question you have about hiring bookkeepers from Latin America, including real costs, compliance considerations, what to expect from candidates, and how an Employer of Record makes the entire process risk-free. The Real Cost Comparison: U.S. vs. Latin American Bookkeepers Let’s start with the numbers that matter most to your bottom line. According to the U.S. Bureau of Labor Statistics, hiring a bookkeeper domestically costs approximately $55,000 per year in base salary. But that figure only tells part of the story. When you factor in the true employer costs—payroll taxes, health insurance, retirement contributions, paid time off, and overhead—the total annual investment climbs to $66,000 to $70,000 per employee. For small service businesses operating on tight margins, that’s a significant expense. Construction companies, real estate firms, and professional service providers often need dedicated bookkeeping support but struggle to justify the full cost of a domestic hire. Latin American bookkeepers deliver identical expertise at 70% lower cost. Here’s what you’ll actually pay for qualified LATAM bookkeeping talent: Numbers You Should Know Compare that to the $66,000–$70,000 all-in cost for a U.S. bookkeeper, and the value proposition becomes crystal clear. You’re looking at annual savings of $22,000 to $46,000 per hire—capital you can reinvest into growth, equipment, marketing, or expanding your team. And here’s the kicker: you’re not compromising on quality. 64% of multinational companies operating in Latin America plan to increase their remote financial staff by 2025, precisely because they’ve discovered the talent depth in this region matches or exceeds what’s available domestically. Why Latin American Bookkeepers Are Ideal for U.S. Service Businesses Cost savings grab attention, but they’re not the only reason U.S. companies are turning to Latin America for bookkeeping support. Several strategic advantages make LATAM professionals particularly well-suited for American service businesses. Time Zone Alignment Means Real-Time Collaboration Unlike offshore bookkeepers in Asia or Eastern Europe, Latin American professionals work in time zones that overlap almost perfectly with U.S. business hours. Mexico City operates in Central Time. Colombia, Peru, and Ecuador align with Eastern Time. Argentina and Chile are just one hour ahead of New York. This synchronization transforms how you work together. Need to discuss a discrepancy in accounts payable? Hop on a quick call at 2 PM. Month-end close approaching and you need status updates? Your bookkeeper is online and responsive. Being in similar time zones as North America facilitates real-time collaboration and communication, ensuring swift responses. For construction companies managing job costs across multiple active projects, or real estate firms tracking property-level financials, this real-time accessibility is invaluable. You’re not waiting 12 hours for responses or coordinating awkward 6 AM meetings. Bilingual Professionals Who Understand U.S. Business Practices English proficiency isn’t a gamble when hiring from Latin America—it’s the standard for professional roles. Bookkeepers targeting U.S. companies have invested years developing fluent English communication skills, both written and verbal. But it goes deeper than language. Bilingual bookkeepers bridge communication gaps by interpreting financial terminology in both English and Spanish, ensuring accurate reporting for US stakeholders while understanding Latin American and US business practices. This cultural and operational fluency means your LATAM bookkeeper understands American business norms, fiscal year conventions, tax deadlines, and the software tools you’re already using. They’re not learning your playbook from scratch—they’ve likely supported U.S. companies before. U.S. GAAP Expertise and QuickBooks Proficiency Here’s a concern we hear often: “Can a bookkeeper in Colombia really handle U.S. accounting standards?” The answer is an unequivocal yes. Bookkeeper candidates are experts in US GAAP standards with extensive experience with US GAAP and standard US accounting practices. Many Latin American accounting programs teach U.S. Generally Accepted Accounting Principles alongside local standards precisely because U.S. companies represent major employment opportunities. When it comes to software, QuickBooks dominance transcends borders. LATAM bookkeepers are proficient in QuickBooks Online, QuickBooks Desktop, Xero, and other platforms common in American small businesses. They also bring expertise in complementary tools like Gusto for payroll, Bill.com for AP automation, and Microsoft Excel for financial modeling. For construction companies, this often extends to job costing modules and construction-specific accounting workflows. Your LATAM bookkeeper won’t just record transactions—they’ll help you track project profitability, manage progress billing, and generate WIP (Work in Progress) reports that drive better business decisions. What Construction and Service Businesses Should Expect from LATAM Bookkeepers Let’s get specific about what hiring a bookkeeper from Latin America looks like for your particular industry. For Construction Companies Construction accounting is notoriously complex. You’re managing job costing, progress billing, subcontractor payments, retainage tracking, and equipment depreciation across multiple active projects simultaneously. The construction industry needs to attract around 439,000 new workers in 2025—but that number refers to on-site trades, not back-office support roles. Here’s where Latin American bookkeepers shine for construction firms: Core construction bookkeeping capabilities: A mid-level LATAM bookkeeper costing $24,000 annually can handle these responsibilities for a construction company running $5M to $15M in annual revenue. Compare that to the $60,000+ you’d pay for equivalent domestic talent, and the ROI becomes obvious. For Real Estate Companies Property management and real estate investment firms have unique accounting needs: tracking income and expenses by property, managing security deposits, handling tenant billing, and generating property-level P&Ls for ownership review. LATAM bookkeepers supporting real estate clients typically manage: Your bookkeeper becomes an extension of your property management team, handling the financial operations that keep properties profitable while you focus









