That's one of the reasons I never offered an hourly rate to clients. I charge a flat rate (I have them fill out a form prior to our zoom meeting and after our meeting, I send them their flat rate because it's different for every client, based on their size). I also charge the fee upfront, at first I would charge 1/2 before even starting on doing their work and remaining once everything is finished (this is for annual clients). For monthly, it's full amount to be paid up front before starting the work. Your customer needs to value you as a professional and your time.
I require all clients to pay by ACH withdrawal from their bank account on the 1st of every month before doing any work. Any client worth having will have no problem with it.
Agree with all the comments, I would charge a flat rate and not do any work without getting paid first on a pre-determined date. Also, are you apart of any Facebook bookkeeping communities? I have some recommendations if not. Reason being, solo-entrepreneur life can be lonely and I’ve found it extremely helpful to be apart of these groups to ask questions and see how others do things! Just throwing that out there.
Yes! I love those groups! I'll list some here: Bookkeeping Facebook Groups - Bookkeeping Side Hustle Group, Vickie Watkins Virtual Bookkeeping Community, 5 Minute Bookkeeping with QuickBooks Online
In order to become successful, there must be failure. That is how we grow and become successful in any business pursuits and everyone has a different failure story to tell. Thank you so much for sharing. You are an exceptional bookkeeper. Keep up the good work.
Hey Rachel, I'm from Texas. I started my own bookkeeping business about a year and a half ago. In Texas, bookkeepers are allowed to do taxes but of course that's not a bookkeeping task generally. I just make sure I follow the federal guidelines in this regard. But I totally agree with you that there are complex issues that CPAs address that bookkeepers are not qualified to. I feel like we are unwittingly pulled into the role of educator to help business owners understand that nuance.
This is a great question! Truly I learned most of my bookkeeping from on-the-job experience and through the QuickBooks Online ProAdvisor certification training! I'll link my video on that topic here: ruclips.net/video/r7eshNt0nZY/видео.html
That's one of the reasons I never offered an hourly rate to clients. I charge a flat rate (I have them fill out a form prior to our zoom meeting and after our meeting, I send them their flat rate because it's different for every client, based on their size). I also charge the fee upfront, at first I would charge 1/2 before even starting on doing their work and remaining once everything is finished (this is for annual clients). For monthly, it's full amount to be paid up front before starting the work. Your customer needs to value you as a professional and your time.
I require all clients to pay by ACH withdrawal from their bank account on the 1st of every month before doing any work. Any client worth having will have no problem with it.
I am so happy you're sharing this, as I know it will help others as they set their charging rates and how they charge! Thank you!
Agree with all the comments, I would charge a flat rate and not do any work without getting paid first on a pre-determined date.
Also, are you apart of any Facebook bookkeeping communities? I have some recommendations if not. Reason being, solo-entrepreneur life can be lonely and I’ve found it extremely helpful to be apart of these groups to ask questions and see how others do things! Just throwing that out there.
Hi could you recomend some please
Yes! I love those groups! I'll list some here: Bookkeeping Facebook Groups - Bookkeeping Side Hustle Group, Vickie Watkins Virtual Bookkeeping Community, 5 Minute Bookkeeping with QuickBooks Online
I learn a lot from your videos. Aspiring bookkeeper here.....from the Philippines.
Thank you so much! I wish you the best of luck!
In order to become successful, there must be failure. That is how we grow and become successful in any business pursuits and everyone has a different failure story to tell. Thank you so much for sharing. You are an exceptional bookkeeper. Keep up the good work.
Thank you so much for your kind words :)
Hey Rachel, I'm from Texas. I started my own bookkeeping business about a year and a half ago. In Texas, bookkeepers are allowed to do taxes but of course that's not a bookkeeping task generally. I just make sure I follow the federal guidelines in this regard. But I totally agree with you that there are complex issues that CPAs address that bookkeepers are not qualified to. I feel like we are unwittingly pulled into the role of educator to help business owners understand that nuance.
Thanks for sharing your thoughts!
Great information, thank you.
Glad it was helpful!
Hi how did you learn bookkeeping?
This is a great question! Truly I learned most of my bookkeeping from on-the-job experience and through the QuickBooks Online ProAdvisor certification training! I'll link my video on that topic here: ruclips.net/video/r7eshNt0nZY/видео.html