Many accountancy firms invoice their clients based on the time that is being spent on the 'job' by various members of the team, multiplied by a schedule of charge-out rates depending on the status of the team member who has worked on the project. The total of these individual times, multiplied by charge-out rates becomes the total amount, which invariably is then invoiced to the client.
This paper argues the case for the utilisation of Fixed Price Agreements by Accountancy Businesses.
Is this system the most appropriate for the charging of fees for accountancy businesses?
Some of the topics covered in the paper are:
- Are Time-Based Fees Appropriate?
- Timesheets - What Is Their Purpose?
- Why Use Fixed Price Agreements
- Value Proposition
- What's In A Fixed Price Agreement
- Checklist Of Items To Be Included In A Fixed Price Agreement
- Sample Of Fixed Price Agreement
