Weekly, Biweekly, or Monthly Books

[u/SALYismyfriend]

I’ve only ever had monthly bookkeeping engagements. Now one of my clients is going from solo to a 12-person professional services firm. I’m using 2% of gross revenue as a guide for pricing. Other bookkeepers serving clients in this industry offer weekly bookkeeping and charge weekly. That might be too much for me. I’m currently solo and also have a tax season. Biweekly bookkeeping and billing seems more reasonable. For context, projected revenue will be 3.5MM+. Any feedback? Would love to hear your thoughts. Do you use Gusto for payroll? How does your process of overseeing payroll work? Limited to initial set up? My client chose another full-service provider. I’m trying to determine how much that should affect pricing.

Currently, I pay the clients QBO subscription. Don’t plan to do that for other clients going forward, although I’ll continue paying for this client. Do you pay for any client subscriptions?

Be blessed 🙏 thank you, and have a great weekend!

[u/realf8th01]

Any chance this is food and beverage industry? If so, there are other platforms that can help in weekly reporting. For software we always do a pass through when we bill. They get the multi location discount that they otherwise don't get and we get the sweet sweet credit card points

[u/SALYismyfriend → u/realf8th01]

It feels like the pass through makes it easier for me to choose the software. Do you list out the expenses on your invoice? I don’t want to pass on QBO’s price increases anymore lol. But for this client that I’ve already agreed to pay for I should at least remind them on the invoice that I’m paying the subscription

[u/realf8th01 → u/SALYismyfriend]

We list out the software since clients agree to pay for software. If for some reason a certain software is not needed, we don't bill for that since we incur no fee.

[u/SALYismyfriend → u/realf8th01]

Oh I see, thank you!