Bookkeepers, how do you set your rates?
I'm just starting out and I wonder how I should set my rates. Should I use a flat fee or an hourly fee? Can you please share what works best for you and how you set your rates?
In the beginning I used hourly rates, but I decided to change to a monthly flat fee so I can monitor my monthly income easily.
I must say that it’s very difficult to know which method is the right one for you, I guess we have to jump in the water, so to speak, and sort this as we go…
Me too, I started with an hourly fee and shifted to a flat fee in most cases.
It’s more stable and easier to manage a business like that. Managing hourly rates creates a lot of overhead work. Besides, the workflow hasn’t been affected by it.