7/43 Balmoral Road Karratha, WA, Australia • [email protected] • 08 9185 9400

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Why Do Professional Bookkeepers and Accountants Charge Upfront?

Nov 08, 2024

If you’ve ever wondered why many professional bookkeepers and accountants prefer upfront billing, it’s all about creating stability, transparency, and efficiency—for both the business and the client. Here’s how upfront charges benefit you:

1. Stability: Predictable Costs Without Surprises

With upfront billing, you know exactly what your costs will be each month. This allows you to plan your budget without worrying about unexpected spikes in fees.

Traditionally, hourly billing could result in unpredictable invoices—some months might be lower during quieter periods, but busier months could bring hefty, unexpected bills. By charging a set rate, we estimate our time over the course of the year and deliver consistent service tailored to your needs and budget.

2. Smoothing Out Peaks and Troughs

The cost of time-intensive periods, such as End of Financial Year (EOFY) or BAS lodgements, is spread evenly throughout the year.

Our team works on your file continuously, with different team members handling various aspects of your bookkeeping or accounting needs. By distributing these costs, we can provide year-round support without the fear of extra charges for asking questions or needing assistance outside peak periods.

3. Priority Service

When you have a package with us, your work becomes a priority.

We schedule your tasks into our calendar to ensure nothing is missed, and your needs are always front of mind. This level of commitment helps us deliver a superior service where you are confident that your work is being handled promptly and professionally.

4. No Hold-Ups: Work Without Payment Delays

Upfront or automatic billing allows us to focus on your work without interruptions caused by unpaid invoices.

In the traditional model, work might be delayed while waiting for previous invoices to be paid. With upfront billing, your lodgements and other critical tasks are completed on time, provided you approve them promptly. This ensures smoother operations for everyone involved.

5. Peace of Mind: No Awkward Conversations

No one likes surprise bills or awkward conversations about money.

By knowing your charges in advance, you can avoid unexpected costs and the stress that comes with ad hoc invoices. With payment schedules in place, you won’t need to field calls chasing overdue payments—or worse, avoid them altogether!

Why Northwest Accountancy?

If stability, peace of mind, and timely, dedicated service are important to you, we’re here to help. At Northwest Accountancy, we tailor our packages to suit your needs, ensuring you always know where you stand financially.

Contact us today to arrange a chat! Call 08 9185 9400 or email us at [email protected].

Explore our blog for more tips on managing your business finances, and learn how we can help your business grow with clarity and confidence.

 By Jodi Porteous, CPA & Profit First Professional Mastery Member

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