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Comparing Quotations for Bookkeeping and Accounting Services for 2023

The 2022/23 tax year is just around the corner and people are realizing their Books are not up to date and now start comparing quotations of Bookkeepers and Accountants.

In my field I see many business owners that are comparing quotations for bookkeeping and accounting services, but they don’t compare quotations correctly so it not comparing apples with apples. To start, know exactly what product or service you need. There are very good salespeople out there and you may be sold something you don’t need or something that does not take long, but they pad their bill by stating it takes much longer than it actually does. Keep the playing field level for all who quote you. Get a rate per hour and an estimate of hours needed and agree on a maximum time you both agree on. This way there are no hidden suprises.

The next thing is the old adage of if it looks too good to be true, then it probably is. In my line of work, people are told they are getting an AI system for free or something similar. No one gives a system away for free, so the cost is going to be built in somewhere. If someone said they will do your paving for you and only charge for materials and labour is free – would you believe them? 

Then we have those quoting you on an hourly rate vs those charging a fixed fee for the job. I would suggest getting a maximum on the hours as you can’t compare the two. If there is no limit on hours then you could be in for some nasty surprises. I just had a case in point where someone was telling me their hourly rate has not gone up for 3 years, but they are charging more for the same work each year. 

Hope the above pointers help you in getting reliable and comparable quotations for bookkeeping and accounting services.