The Damage That Traditional Fee Methods Do

A road sign depicting falling dollarsThe Rule of Three and cost-plus overlook some key considerations.

By August J. Aquila
Price It Right: How to Value Accounting Services

The time has come for the accounting professional to rethink the paradigm on which pricing has been based. Let’s discuss the traditional methods of price setting and how they can have a negative impact on a firm.

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Somewhere along the line accountants began to believe that an hour of their work had a set value to their clients. As we shall see, this false assumption has led to the current state of affairs and has caused accountants to: