Traditionally, accountants charge based on the amount of time spent on an account. This means the charges are inconsistent and erratic as the amount of work varies from month to month.
In fixed-fee accounting, the accountant charges a set amount which is applied to complete the work within your fixed-fee package.
For restaurants with smaller budgets or those just getting started, a fixed-fee accounting option is a lot less risky because you’ll be able to have a set amount to allocate each month to your accounting needs without having to do the work!
How does fixed-fee accounting work?
Fixed fee accounting is usually offered in packages that are customized based on your business’s needs.
A basic monthly package includes:
- Accounts Payable Processing
- Bank Reconciliations
- POS report entry
Together, we create a package that is suitable for the needs of your business.