Monthly Management Accounts

[Dillan1601]

Hi guys
Just wondering if you could advise me on what you would charge for a set of mgt acc's per month. I am considering a new client (an ex employer)and I am required to carry out all the corrections, adjustments, bank, debtors & creditor, credit card reconciliations etc.Providing a KPI report, wages report, bank loans & HP report, P&L, Budgetary Anaylsis on a monthly basis. It is for a seasonal company therefore from Dec to June the volume of transactions will be increased. It has an annual turnover of approx 1.3m.
A rough idea of what you charge for something similar or think is reasonable would be ideal as i do not want to over or under charge.
Many thanks in advance

 

[Williams lester]

We would be charging £175 per day (or part thereof).

 

[profitxchange]

You are basically keeping the score for the business and carrying some exposure if you get it wrong. doing corrections also means you are duplicating others work - all time consuming. If they employed someone to do this it would have thought it would cost at least £15k so charging £5-6k pa seems fair - I would invoice at a flat monthly rate.