Advisory Intro Package: Tradie Charge Out Rate Calculator
Business Advisory Services Update
There are thousands of ‘tradie’ businesses in Australia and virtually every accounting and bookkeeping firm would have one or more ‘tradie’ business clients.
The calculation of charge out rate for the individual tradesperson is dependent on their experience, working hours and expected productivity. Unfortunately, many tradies do not approach this important process in a business-like manner. Many of them rely on ‘knee-jerk reaction’ as to what they will charge for a service, without any guidance on whether they income to be earned from that service will generate sufficient revenue for their business to earn their targeted profit.
ESS BIZTOOLS has developed the ‘Tradies Charge Out Rate Calculator’, included in the Advisory Intro Package, to assist accountants/bookkeepers/advisors to guide their tradie clients through the process of visualising their team costs, mark-up on external purchases made for clients, and the targeted profit for the business. All of this fits into the determination of a schedule of charge out rates for each team member classification.
Furthermore, this material also serves as the budget for the business which facilitates monthly performance reviews, which may highlight fine tuning required to achieve the targeted profit.
Want to know how the Tradie Charge Out Rate Calculator works? Register to our complimentary webinar, where we will take you through this calculator and how you can implement this to assist your clients to not only survive, but to ‘scale up’.
The webinar will be held on Thursday 4 July at 11am AEST. CLICK HERE to register, free of charge.
