登录查看更多内容

What is the most efficient invoicing method for hourly billing?

由人工智能和领英社区提供技术支持

If you are a corporate accountant who charges by the hour, you know how important it is to have an efficient invoicing method. You want to get paid on time, avoid errors, and track your hours accurately. But what is the best way to do that? In this article, we will explore some of the most common invoicing methods and tools for hourly billing, and how to choose the one that suits your needs.

此文章中的业界达人

由社区从 2 条内容中精选。了解更多

Tomi Akinwale ACCA, ACA, ACTI, B.TECH, FMVA, AAT.

Tax | Deloitte | Financial Reporting | Unlocking Your Career Potential

1 Time-based invoicing

Time-based invoicing is the simplest and most traditional method of billing for hourly work. You simply record the hours you spend on each task or project, and multiply them by your hourly rate. You can use a spreadsheet, a timer app, or a paper log to keep track of your time. The advantage of this method is that it is easy to calculate and transparent to your clients. The disadvantage is that it may not reflect the value or complexity of your work, and it may encourage you to work longer rather than smarter.

添加您的观点

Paulo Henrique do Nascimento

Consultor Tributário | Recupera??o de Créditos Tributários | Planejamento Tributário | Gest?o das Obriga??es Acessórias | Auditoria Tributária | Diretos e Indiretos I Empresário Contábil | Contabilidade Consultiva
举报内容
O método de faturamento por hora é mais eficiente quando os clientes pagam com base no tempo real gasto em seus projetos ou servi?os.

已翻译

赞

2 Value-based invoicing

Value-based invoicing is a more modern and flexible method of billing for hourly work. Instead of charging by the hour, you charge by the value or outcome of your work. You estimate the benefits or results that your work will bring to your clients, and set your fee accordingly. You can use a proposal, a contract, or a scope of work document to define the scope and value of your work. The advantage of this method is that it allows you to charge more for your expertise and quality, and it motivates you to work more efficiently and effectively. The disadvantage is that it may be harder to justify and negotiate with your clients, and it may require more upfront planning and communication.

添加您的观点

Tomi Akinwale ACCA, ACA, ACTI, B.TECH, FMVA, AAT.

Tax | Deloitte | Financial Reporting | Unlocking Your Career Potential
举报内容
Value-based invoicing looks at value created and allots invoicing techniques in matching revenue to value created over a period of time.

已翻译

赞

3 Hybrid invoicing

Hybrid invoicing is a combination of time-based and value-based invoicing. You charge a fixed fee for the value or outcome of your work, but you also track your hours and report them to your clients. You can use a combination of tools and documents to implement this method, such as a proposal, a contract, a scope of work, a spreadsheet, and a timer app. The advantage of this method is that it balances the benefits and drawbacks of both time-based and value-based invoicing, and it gives you and your clients more flexibility and transparency. The disadvantage is that it may be more complex and time-consuming to manage, and it may create confusion or conflict if your hours differ significantly from your fee.

添加您的观点

4 Invoicing tools

Invoicing tools are software applications or platforms that help you create, send, and manage invoices for your hourly work. They can automate some of the tasks involved in invoicing, such as calculating your hours, generating invoices, sending reminders, tracking payments, and integrating with other systems. Some of the most popular invoicing tools for corporate accountants are FreshBooks, QuickBooks, Xero, Wave, and Zoho Invoice. The advantage of using invoicing tools is that they can save you time, money, and hassle, and they can improve your professionalism and accuracy. The disadvantage is that they may have fees, limitations, or compatibility issues, and they may require some learning and customization.

添加您的观点

5 How to choose the best invoicing method and tool

Finding the best invoicing method and tool for hourly work is not a one-size-fits-all solution. The right answer depends on your business model, clients, goals, preferences, and budget. When choosing an invoicing method and tool, ask yourself questions such as: how do you measure and communicate value? How do you track and record hours? How do you calculate and justify your fee? How do you create and send invoices? How do you follow up on payments? And how do you integrate invoicing with accounting and other systems? Answering these questions can help you evaluate the pros and cons of each option to find the one that works best for you and your clients.

添加您的观点

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Corporate Accounting

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

What is the most efficient invoicing method for hourly billing?

1

2

3

4

5

6

1 Time-based invoicing

2 Value-based invoicing

3 Hybrid invoicing

4 Invoicing tools

5 How to choose the best invoicing method and tool

6 Here’s what else to consider

Corporate Accounting

给文章评分

感谢您的反馈

更多Corporate Accounting相关文章

更多相关阅读内容