Each pricing structure has its advantages and disadvantages, and it’s important to consider which billing method works better for you and the client.įrequently Asked Questions What Is Flat Rate Pay?Ī flat rate pay system is when you charge the client a set price for the scope of work that is completed regardless of the number of tasks required to complete the project. Whether you’re self-employed or run your small business, there’s a price structure to consider. In contrast, hourly rate pay is based on the amount of time you work, which means you’re paid a set amount for each hour of work. For a flat rate pay system, you’re paid a set price for the job. The difference between a flat rate pay and an hourly rate pay is how you bill the client. Send invoices, track time, manage payments, and more…from anywhere. Pay your employees and keep accurate books with Payroll software integrationsįreshBooks integrates with over 100 partners to help you simplify your workflows Set clear expectations with clients and organize your plans for each projectĬlient management made easy, with client info all in one place Organized and professional, helping you stand out and win new clients Track project status and collaborate with clients and team members Time-saving all-in-one bookkeeping that your business can count on Tax time and business health reports keep you informed and tax-time readyĪutomatically track your mileage and never miss a mileage deduction again Reports and tools to track money in and out, so you know where you standĮasily log expenses and receipts to ensure your books are always tax-time ready Quick and easy online, recurring, and invoice-free payment optionsĪutomated, to accurately track time and easily log billable hours Wow clients with professional invoices that take seconds to create
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