Ok, since Tom mentioned Ignition and no receivables, I need help. This has never happened to me before. Yesterday new client called. Really, really simple 1040. I agreed to do it as a favor to the person who referred her to me. I sent the engagement letter/invoice in ignition. She paid it. Then this morning... "how could this have slipped my mind.. i bought a condo that i'm renting out"
How do i handle this? send a new proposal in ignition? this is aggravating.
In every practice mgmt system i've used I've create a service for every client called "Tax Advisory" and i enter the budgeted time (if they signed up for 3 hours they get 3 hours; if they signed up for 1 hour they get 1 hour..) and i record my time against that service.
Thank I needed to read your suggestions regarding pricing. I get so caught up trying to determine the right price based on no licensed tax preparers.
Ok, since Tom mentioned Ignition and no receivables, I need help. This has never happened to me before. Yesterday new client called. Really, really simple 1040. I agreed to do it as a favor to the person who referred her to me. I sent the engagement letter/invoice in ignition. She paid it. Then this morning... "how could this have slipped my mind.. i bought a condo that i'm renting out"
How do i handle this? send a new proposal in ignition? this is aggravating.
Nailed it again. I receive so much wisdom from these and I am so thankful they are not 4 pages long where I would never get around to reading them.
"I recommend that practitioners move toward higher fees and smaller client bases."
Love it! Thanks again Tom
Great article! One question, what's the best way to track the three hours of post-filing services for each client?
Every client has a Google Doc with their client history, I loosely track it there
In every practice mgmt system i've used I've create a service for every client called "Tax Advisory" and i enter the budgeted time (if they signed up for 3 hours they get 3 hours; if they signed up for 1 hour they get 1 hour..) and i record my time against that service.