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How much to charge for raising invoices?

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Hi everyone,

I’ve recently got a new client for bookkeeping who’s a sole trader, they’ve asked me if I can take over raising their invoices for them. It looks straightforward they only have approx 10 invoices a month to raise and they’ve said they’ve never had any problems with getting payment. It’s a job I can do but I have no idea how much to charge?? Should I quote for the service to raise invoices and if payments need chasing quote for that service separately? I was going to build the reconciliation to check payments have been received into my bookkeeping work, is that the right way to do it? Any help or advice would be most appreciated!!

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RLI
By lionofludesch
15th Sep 2019 08:55

Fixed rate fees might be the way forward these days but, ultimately, those fixed rates are based on your assessment of the time it takes to perform the task and your required hourly rate.

Do a dummy run if you're unsure and don't forget to allow for the time it takes to gather the information you need and resolve queries.

Thanks (1)
RLI
By lionofludesch
15th Sep 2019 08:49

Whoa - it's gone mad !

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RLI
By lionofludesch
15th Sep 2019 08:49

Another one

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RLI
By lionofludesch
15th Sep 2019 08:50

....and another ....

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RLI
By lionofludesch
15th Sep 2019 08:50

... and another ....

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RLI
By lionofludesch
15th Sep 2019 08:51

.... and another ....

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RLI
By lionofludesch
15th Sep 2019 08:51

....and another ...

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RLI
By lionofludesch
15th Sep 2019 08:52

.....phew, still going ....

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RLI
By lionofludesch
15th Sep 2019 08:52

...when will it end ?

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RLI
By lionofludesch
15th Sep 2019 08:52

Last one ?

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RLI
By lionofludesch
15th Sep 2019 08:53

No such luck

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RLI
By lionofludesch
15th Sep 2019 08:53

This must be a record.....

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RLI
By lionofludesch
15th Sep 2019 08:54

Still going strong ....

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RLI
By lionofludesch
15th Sep 2019 08:54

Nearly there....

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RLI
By lionofludesch
15th Sep 2019 08:54

Is fifteen a record ?

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Replying to lionofludesch:
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By Tax Dragon
15th Sep 2019 10:11

Beats me.

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Replying to lionofludesch:
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By JoF
15th Sep 2019 12:07

made me chuckle!

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Replying to lionofludesch:
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By Msweet
15th Sep 2019 14:01

Technology gone wrong! Thank you for your reply... all of them :-)

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By JoF
15th Sep 2019 12:12

Does the client want you to do credit control if it is required?

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Replying to JoF:
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By Msweet
15th Sep 2019 14:05

No, just raise their invoices for them. I will make it clear in my quote the service is just for raising invoices and any payment chasing will be an additional fee

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Replying to Msweet:
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By Matrix
15th Sep 2019 14:21

Provided you are reconciling the bank then you can set up payment reminders through your software which isn’t time consuming.

Thanks (1)
By Moonbeam
15th Sep 2019 13:58

Where bookkeeping is concerned and you've not done that for the client before, I'd always go for an hourly rate. Tell them how much you think you'd charge based on that and what you've seen so far. Then just carry on with that. I find that clients like this get the same charge each month, after the first few months when I'm setting up things. None of those clients have ever asked for a fixed fee because they know how much it's going to be each month based on the previous one, and if one or two months are exceptional I can tell from my time sheets exactly why.
And that's the other thing. I'm totally transparent in that every month I bill them for the previous month, attaching typed up details of how my time was spent. So if they're good quality clients, they know where they stand and will pay on time.

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By atleastisoundknowledgable...
15th Sep 2019 15:24

We raise invoices for 1 client & charge £2/invoice.

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Logo
By marks
16th Sep 2019 23:37

We charge £3 + VAT per invoice when we raise invoices for clients.

For credit control service we charge £5 + VAT per month for average number of debtors to be chased each month. So if say there is 10 debtors on average to be chased in a month would charge £50 + VAT per month.

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