Monday, May 19, 2008

Life without timesheets

Hugh Williams FCA is the author of a book 'Life without timesheets' - which sets out how his practice embraced the idea and stopped charging by the hour many years ago.

I've just seen a copy of one of his other books (101 ways to grow your business) in which he shares a little ditty:
When accountants and solicitors charge by the hour
Clients moan about fees and relationships sour
So throw away timesheets
Fix the price of all you do
Bill 'em upfront and clients'll love you!
Whilst I'm not as passionate about this as is Hugh I do know of an increasing number of firms who are 'trashing the timesheet' - at least in so far as they no longer use timesheets to determine the fees they charge.

I  have included several related items on my other blog for ambitious accountants.
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