Price Of Accounting Services

Accountancy services is a growing field which is becoming an essential element for the proper functioning of any organization. The need to develop an accounting service that would satisfy the needs of its various clients has led to the evolution of numerous accounting packages. Every package has its own specific area of specialization that requires specialization. This specialization is manifested in the pricing structure of these services. Click here for more details about BÁO GIÁ DỊCH VỤ KẾ TOÁN

Pricing of Accounting Services: An accountancy service provider or an accountant has been charged with the responsibility of developing a specific costing structure. These services have been charged with several functions like preparation of the income statement, preparation of balance sheet, preparing the statement of cash flows and many others. All these activities are charged on the basis of the complexity of the work that is involved in them. In order to reduce the costs, each activity must be priced separately.

Many accounting firms offer 'rate for use' services. The customers can purchase a certain amount of work at a fixed price. After using the service the customer pays an additional amount, which is added to the cost of the normal product. In such case the customer is charged for what he actually uses, irrespective of the volume of work that he buys. Thus, the average price of Accounting Services is determined by the extent of use and not by the average price of services offered by other firms.

Charges for various activities: There are several activities which are charged separately for which there is no standard charge. The price for an audit depends on the extent of work done, the number of people employed to conduct the audit and the material and information obtained from the audit report. Charges for providing expert financial advice to management and preparing financial reports also vary according to the type of advice provided and the time taken for preparing the reports. The prices of Accounting Services depends on the type of work done for each activity.

Typical charges: There are various types of fees payable for Accounting Services. Some of these include the actual payment received, actual costs incurred, a percentage of the realized amount, flat fee or per month rate, and other charges as decided by the accounting firms. The actual amount realized by the company under a particular contract may be determined before the execution of the deal. It depends on how complex a task is to be performed by the staff member.

Billable Rate: Some accounting firms fix the rate per month. Such a rate is termed as the "billed price" in the paralegal field. The actual price that is realized for providing accounting service will be higher than the billing rate. Most of the companies fix a flat rate which they provide to their staff members. A common practice adopted by many accounting firms is to charge more to new clients than to established clients. In some cases a minimum guaranteed return can be specified by the client before the service provided.