How can you reduce your accounting fees?
Posted in: General Tags: Accountant, Accountants, Accounting Fees, Clock, Ebook Secrets, Free Ebook, Inefficiencies, Lead, Minute Intervals, Nutshell, Productivity, Relevant Staff Member, Solicitors, Time Basis, Whip
It’s easy when you know how. The same principles apply here as anywhere else – know the rules and work with it.
In a nutshell, 99.9% of accountants (and solicitors) charge on a time basis. Their working day is broken down into 6 minute intervals (Yes … you got that right … 6 minutes!) and time is allocated to clients whenever any work is done. So when you call your accountant, they “clock” you in and when they finish talking to you, you get “clocked out”. Then at the end of the week, a practice manager or partner will review that to check that the staff member has somehow miraculously managed to charge out the predetermined required number of hours to chargeable work ie to you, the client. The whip comes out at this point if the staff member has not managed to meet their required productivity.
Needless to say, this method of charging clients for work done can be abused (as with any other system) and can lead to you, the client, being charged for inefficiencies by the relevant staff member – which may or may not sometimes include the partner too!
This eBook Your Accountants Secrets Revealed will tell you how you can keep your accounting fees down and also give you suggestions as to what you should be looking for when you get your bill. To download your copy of the free eBook, just follow the link to TheCharteredAccountants.com
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