Charges To Do Someone's Account

[amalee]

Hi I have been asked to do accounts for someone I know. I don't have a problem with this but I haven't got a clue what to charge. It's not a big bucks type of job. But just wondering if anyone out there can advise?

thanks

[McMouse]

What type of service? Book keeping?

[barmy]

Is it book keeping or statutory accounts. For book keeping I suggest about £30 per hour as a friend and for statutory accounts a fixed fee of at least £500.

[amalee]

Its for book keeping. Thanks for your answers

[buildersmate]

Agree with Barmy's ideas.
Book-keeping should be fine, in that it is a transactional task to codify various inputs and outputs into a ledger.
If you are considering doing something more intricate of a financial nature (statutory accounts) as a self-employed individual, it might be best to clarify with the person that you are providing a service to draft the accounts, but that it is their role to check that are satisfied with your draft outputs (in other words, you are providing a service in which they must approve the outputs). If you don't, there could be a danger that you are perceived as providing financial advice. It is the not the FSA that this may concern - merely that if it is used for tax returns, for example, and you happen to make a mistake, there could be a come-back on you. Accountants have professional indemnity to cover situations like this.