Is my bill reasonable for services provided?
I'm a rather newly Certified QuickBooks ProAdvisor. I started my bookkeeping firm in Jan. of this year.A few weeks ago, a new client was referred to me by way of the VP of my local bank. The new clients had such a mess! Two companies. Comingled funds. Continuous shareholder distributions with no "reasonable salary," and the list goes on... yet their new store was set to open last Fri., which it did.Long story short- they knew my hourly rate of $50 up front. I've met with them four times in about three weeks. I've setup their over 2k list worth of non-inventory items. Since they didn't have a local CPA and the hubby needed a rather firm talking to from a CPA re: how to take money from the business, I brought in a CPA, per the clients' okay. The CPA reviewed my work and said all looked great.Well, I've added up all my time and it's about 1k at this point. This includes reconciling bank statements from April through the present. All meetings. Setting up all inventory items, accounts, classes, and ensuring transactions were expensed properly, etc. I also setup their personal banking with Quicken and setup their online banking for QB. I know the numbers don't lie! To all you gurus out there- based on the limited info I provided, do you think my about 1k invoice is in alignment with the services I've outlined? I'm asking, as this is the most amount, to-date, I've ever billed at once! Basically, they called me in urgently to clean up their mess and setup the books for this new biz operating as a DBA. Now that I've done so, they're going to try and maintain the books on their own. Another case of small biz owners knowing not enough about accounting, but thinking QB will make all seamless.





