Billing for Services
Charging by Reporting Form
I do bookkeeping for a client that uses an accountant for year-end as their books which includes investments can get quite complicated. This year the accountant requested I do the annual GST return and filing.
The GST/ITC's require a manual calculation as it is a medical practice and is treated differently. Unfortunately it requires a manual calculation as Simply Accounting's Report feature does not give me the flexibility to pull the records I need in a way I need them to do the gst analysis.
This service is to be billed separately from the routine bookkeeping I currently do for my client.
I am struggling with how to charge for this service. It takes approximately 1 1/2 to 2 hours to complete.
Is it standard practice to charge an hourly rate or a flat fee for forms which you may fill out and file on behalf of the client?
I know my client would prefer a flat fee but I am not sure what would be fair to charge.
The good news is ... it is quite common for a bookkeeper to charge by the hour for a la carte services ... or by flat fee
Personally, I prefer flat fee billing when I am dealing with a client that I have an existing relationship with. You can determine if your flat fee will include a mark-up for profit or done at cost. It's your business. It's your decision.
If you really are at a loss at what to charge, do some Bing/Googling to see what other bookkeepers are charging for forms.
Just as an aside, I sure hope Sage / Simply Accounting let you export the GST/HST data to an Excel worksheet for analysis. QuickBooks does and it sure helps in cases like this.P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.