Pricing & Compensation

Pricing & Compensation

How can you price bookkeeping services to be fair, competitive and profitable? An hourly rate is simple, but doesn’t incentivize billable staff to be fast and efficient. A fixed monthly fee is consistent, but doesn’t adjust to reflect changes in the scope of the work.

Through our Practiceminders program you will learn how to use a transaction-based pricing model, similar to payroll services. Clients are billed based upon the number of transactions they have each month. Volumetric pricing creates a “win-win-win” arrangement for Clients, employees and Licensees.

Employees earn a share of their client billings. So, their compensation is based on their volume of work, not their number of hours. As employees get more proficient they earn more money, which rewards and retains the highest performers.

Learn more about other parts of the Practiceminders program:

  • Marketing & Sales: Generate a steady stream of leads
  • Service Delivery: Deliver a high-quality service for larger, more complex clients
  • The Practiceminder®: Online, SAAS offering that supports financial accounting, bookkeeping, and similar businesses with firm management, administration and operations

To learn more about Practiceminders, visit How It Works.