In case you are not able to start the actual work, you might get stuck with the client for a long time while you are backtracking in your work, which can cause further delays in the project. The reality is that every situation is an evolving situation and if you allow your client to hang around and ask questions while you are still in the process of collecting the data you might be all said and done if you lose your train of thought somewhere down the line. This is the hour for you to use your best bookkeeping ethics in addressing the situation but if anything slip in this, make sure to alert the client about the situation and ask for their input on how to proceed with the work. Your Level of EducationĮxperience, and your Situation Depending on how busy you are and your level of education, you could be able to build an hourly bookkeeping rate or you might have to charge a flat rate. The fairest way around this is to either (1) hire the bookkeeper as a worker and therefore pay them a wage themselves, or (2) pay the bookkeeper on a per job basis. This means that if the entity employing a bookkeeper was to pay them a flat rate, they would be violating the act. This is because the Bookings and Payroll Services Act 1970 allows employers to guarantee their employees a minimum amount of pay by way of (1) a weekly, (2) monthly or (3) annual wage. Once you’re the most experienced freelance bookkeeper, you can begin charging on an hourly basis.Įmployment law in the UK makes it difficult for businesses that pay their existing employees on an hourly basis to pay freelance bookkeepers on a flat rate basis. That’s why you should work on a flat rate, which you charge and bill to your clients every week instead of providing a fixed hourly rate. Typically, you will be juggling time between handling other tasks and the bookkeeping services you provide. Average Freelance Bookkeeper Hourly Ratesįreelance bookkeeping services are available to working business owners or private businesses of every size. Unless we see a huge increase in the quality of work of a freelancer in an area where they are located, we cannot assume a high quality of work and low opportunity to get scammed will come with the freelancer being educated. We cannot discount anything of importance that has to do with level of education but this is something that doesn’t correlate to geographical location. The more educated the freelancer, the higher the quality of work, and the less likely you will be dealing with an unprofessional freelancer. However, if there is an obvious correlation between geographical location and experience, there’s also an obvious correlation between geographical location and level of education. It’s also obvious that the experience and level of education of a freelancer is equally important since your freelancer should know how to use the software you hire them to use. It’s obvious that the cost of a freelancer is related to the geographical location, especially if you are hiring to work at home. How Can I Get More Bookkeeping Clients?įactors Influencing Freelance Bookkeeper Rates Geographical Location.How Do You Ensure That The Flat-rate Pricing for a Client Stays Up to Date?.How Do You Handle a Client Who Insists on Hourly Rate Billing?.How Do You Communicate to Clients That You Are Making the Switch from Freelance Bookkeeper Hourly Rate to Flat-rate Billing?.Flat-rate Frequently Asked Questions (FAQs) How to Get Started as a Freelance Bookkeeper.What have you learned by switching clients from hourly billing to flat-rate billing?.What is the “magic formula” for calculating a flat-rate price for a client?.What benefits have you experienced as a result of making the switch to value-based pricing?.Why did you decide to transition from hourly rate billing to value-based?.How to Make the Switch from Hourly Billing to Value-Based Pricing.Cons of a Flat-Rate Bookkeeping Fee Structure.Pros of a Flat-Rate Bookkeeping Fee Structure.Pros & Cons of a Flat-Rate Bookkeeping Fee Structure.You Provide Services Where the Hours Can Fluctuate.You Provide Recurring Services to the Same Customer Base.When to Charge Flat Freelance Bookkeeping Rates.Cons of Freelance Bookkeeper Hourly Rates Billing.Pros of Freelance Bookkeeper Hourly Rates Billing.Pros and Cons of Freelance Bookkeeper Hourly Rate Billing. When to Charge Freelance Bookkeeper Hourly Rates.
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