Book-keeping/Accounts prep
Neillaw
Registered Posts: 308 Dedicated contributor 🦉
Hi All
I just want to collect peoples opinions.
If you charge a seperate book-keeping rate and accounts prep rate where does book-keeping finish and accounts prep start.
I was thinking that book-keeping finishes at control account level which makes accruals/prepayments accounts prep but someone else in the office thinks that it finishes at TB level.
Opinions please.
Neil
I just want to collect peoples opinions.
If you charge a seperate book-keeping rate and accounts prep rate where does book-keeping finish and accounts prep start.
I was thinking that book-keeping finishes at control account level which makes accruals/prepayments accounts prep but someone else in the office thinks that it finishes at TB level.
Opinions please.
Neil
0
Comments
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If you're doing the bookkeeping then you should be presenting a perfect TB to the accountant, which may or may not include accruals, depreciation etc but let's be honest, a good bookkeeper can do all these, and should if they have the information to hand.
I always say that bookkeeping ends at the best TB you can present.5 -
I want to qualify that by saying if you're doing all of that, and you're charging for both parts and pretty much doing the job continuously, it's a tricky one in terms of what you should be earning and how much you end up charging.
Personally, I always charge a fixed fee for accounts, and if I have to do bookkeeping I charge it on top at an hourly rate, but I hate bookkeeping, haha (which is why I'm on here as that's what I have to do this afternoon!!)
You may find my ancient blog posts on this subject of interest (the 2nd one is actually more relevant):
https://justanothermip.wordpress.com/2011/03/26/are-you-charging-what-you’re-worth/
https://justanothermip.wordpress.com/2011/03/26/accountant-what-to-charge/1 -
Thanks Monsoon
This is a bored managment accountants afternoon waiting for stock reports.
Tried to work out a charge by doing the maths and then working out my capacity.
Then after calculating a capacity rate of 13% I've decided to put the kettle on!
Waiting for this years results from Burgs survey before setting some fixed prices.
1
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