Value/Menu Pricing

Dieselberry

Can anyone offer any advise on how to make a start on value/menu pricing. I am currently just charging by the hour but feel that I need an alternative for different clients. TIA

MarieNoelle

Mickdundee said:

Fixed fee. It’s the future.

depends which type of client you are targeting. I always give an initial quote after the 1st meeting but reserve the right to charge more if I realise the work is more involved. Clients sometimes have a very different view of what a tidy bookkeeping system looks like.

@Dieselberry if you have an idea of the time involved for a job and the charge out rate you want to earn per hour you should be able to work out the fee. Again depending on your target market and competition you wouldn't expect to charge more than £XXX for a tax return so you may need to adjust your fee.

Dieselberry

So do you have any advise on how to work out fixed fees please?

Dieselberry

Well that sounds a lot easier than I thought!! I was expecting some complicated formula. Would you base the anticipated hours on turnover or transactions or both? Thanks

Dieselberry

Hi thanks both for your replies. I know the expected hours and also what I would normally charge per hour, but I just think it would sound expensive. They are looking for 25 hours/week they have an accountant and they have recommended me just for the bookkeeping. So far that's the only info I have, but they are a long established company so I would imagine they have software of some sort.