05.11.2023 - By Mark Wickersham
On average, accounting and bookkeeping firms that bill based on the hour are losing 8% of their profit by writing time off. When you look at the bill at the end of the work and see it’s really high because of all the extra unexpected work you had to do, it’s considered standard practice to just write some of the time off and give a lower ‘more reasonable’ price in order to avoid a conflict. A few years ago, I taught a seminar on scope creep to a room full of accountants and bookkeep...