Hello all, I am currently looking into setting up my own bookkeeping business and I am just curious as to how much I should charge.
To give some insight into my experience, I have worked in industry running the accounts department for a construction SME for the last 2.5 years, I was trained in house and then tookover after 6 months. I have also been working through my AAT. Currently level 2 qualified and looking to complete my level 3 very soon. I don't have a great deal of experience dealing with accounts from an external point of view, which Is why I am not going to be taking on clients that I don't feel I could confidently provide a good service for i.e., Ltd clients or large sole-traders.
I am currently looking to find a job in practice, but with the current situation, new jobs are slim pickings unfortunately. Once I have gained experience doing more complex accounting and bookkeeping, I will then be able to provide more services to more clients. I already have one client who is a family member who is going self-employed next month and will be working in the construction industry, and I feel like my current experience is good enough to be able to provide a good service for his business.
To go back to my actual question, I was just wondering what people charge their clients, do you charge hourly for general bookkeeping and then set rates for things like VAT returns? I'm looking at doing everything up to the trial balance basically, as well as VAT returns, software training and possibly payroll. As this is all stuff that I currently do, whether that be in my day job or through my studies.
Any help on this matter would be greatly appreciated, thank you in advance.