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Compliance Work Price Calculator

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Posted By: admin Views: 345
Date Added: 04-10-2008

If you are offering compliance services then you need to standardise your fee for compliance services based on a set of agreed protocols instead of using time billing methodology for the following reasons -

Customers and clients live in a world where standardised goods & services have fixed prices. i.e. a service from Mazda is $199 ex GST & includes XYZ

Time billing for standardised compliance services introduces too many variables i.e. consider the following example & try to come up with a fair price using time billing -

Preparation of financial statements for a small company trading entity, preparation of the company tax return

A graduate does the work and takes 2 hours at a charge out rate of $100/hr equalling a fee of $200 or a senior accountant does the work and takes 1 hour & 30min at a charge out rate of $200/hr equalling a fee of $300.

Only a Compliance work calculator can possibly solve the problem and deliver a fair price.

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