The term ‘fixed fee’ is often used in business – but what does it mean?
Fixed fees are one-time charges for specific services. The rate does not fluctuate depending on the project’s length.
At PIE, we always use fixed fees for our accounting rates. That means:
- you always know how much you need to pay
- call us when you want, for as long as you need
- the relationship will be built on work rather than time
Already know you want a fixed fee?
If you’re tired of your accounting being done by the clock, you need to switch to us. Get in touch with us, here.
Not charged by the hour
By using fixed fees, you’ll know how much you’ll be billed from the outset. There will be no surprises, no extra charges for phone calls, and no surcharges.
The old-fashioned way of accounting was predicated on charging clients by the hour. Our time was seen as a commodity rather than an expected part of the service.
But accounting is changing – and regular communication that isn’t based on how long something takes ensures you always get the best result.
With a fixed fee, you’ll get the same level of service, but you won’t have to pay for it by the minute. It ultimately provides certainty. You’ll know exactly how much you’ll be charged, and we know how much we’re getting.
Develop a relationship
By removing the ‘by the hour’ mentality, you free up time to nurture and grow the relationship naturally. There’ll be no anxious clock-checking when the phone conversation lasts longer than an hour.
You won’t have to worry about asking the wrong questions – we can discuss whatever’s needed freely. Our advice will be the cornerstone of the relationship rather than traditional accounting outputs.
The support you’ll get will be free from the time-constrained relationships of yesteryear and full of the freedom and automation of the current business generation.
Manage your money
If you’re not overpaying for services you don’t need and instead working off a fixed fee, you won’t affect your accounts negatively with a stream of unpredictable bills.
Knowing how much you can spend on an accountant each month gives you a clear picture of what you can or can’t afford.
This makes it much easier to forecast and predict cash flow and helps to avoid any potential misunderstandings.
Pay for what you need
With a fixed fee, you’re paying for what you need; never more, never less.
This means if you need to add or remove services – say our business planning support – you can do so and then pay extra to have this included in your package.
This drives transparency and enables you to focus on what matters most without worrying about paying more further down the line.
Final thoughts
A fixed fee is the only way we’ll ever do business at Partners in Enterprise.
We believe in giving businesses a fair chance to succeed and removing the pressures that have historically slowed business growth and stopped proper relationships from forming.
By paying upfront for what you need, it will give you the best chance possible to grow a proper relationship with your accountant.
If you’re interested in streamlining your accounting and getting the best results without being constrained by the clock, give us a call today.
