Advice on Fee Structure

michelle sandham

I'm setting up in business soon and need advice onthe fee structure that I should be proposing.

whiterose

Well - maybe you could give us a bit more information! What services will you be offering, will you be working from home, etc.
As a rough guide, there are two basic options: fixed fees or hourly charging. How you charge will depend on how you work - if, for example, you are going to clients' premises to do bookkeeping then I would suggest time-based charging, as the client can see how long you are there. If, on the other hand, you are working from your own premises providing accountancy services, then I would recommend fixed fees. That's what I chose to do as it means that I can work when I want and at the speed I want.
There's always debate about this -it's what suits you and your clients best.

Psyche

There are some good threads on fees in this forum -- why not try a search?

lorraine

Psyche wrote: »

There are some good threads on fees in this forum -- why not try a search?

agreed there are a lot of them!

lorraine

heres one http://forums.aat.org.uk/showthread.php?t=23714&highlight=charge

lorraine

michelle sandham wrote: »

I'm setting up in business soon and need advice onthe fee structure that I should be proposing.

I wish you good luck with your new venture!

deanshepherd

Read any of Ron Baker's books or articles on value pricing in professional service firms..

There is another article floating around (ACCA website perhaps..) called Trashing the Timesheet - also a good read.