Member Since: 17th Oct 2015
29th Oct 2015
Charging fixed fees or hourly rate - I do both!
What an amazing collection of advice everyone has given, such a wealth of information.
I offer both a fixed fee or an hourly rate. To new clients we start with an hourly rate, then once things are running smoothly and I can see how they provide the information (quality and quantity). I then move them over to a fixed monthly fee.
I charge between £10 and £17 an hour (£15 average) for basic bookkeeping. Management Reports and Tax returns are done at £20 - £25 per hour depending on the client. The key is flexibility, for example a client I've had for 5 years was struggling financially during the recession, so I dropped my fees and showed him how to do the basics.
I work from clients offices or from home so I don't have office costs or software to purchase.