11 Dec 2015
Tax Deductions

Top 10 Tax Deductions for Small Businesses

As a small business owner, you likely enjoy the great opportunity to be your own boss while working in a field you truly love. Unfortunately, self-employed people in this country also face a more significant tax burden. As a freelancer or small business owner, you are responsible for paying the self-employment tax in addition to
View More

Paid Invocie

3 Tips for Raising Prices as a Freelancer

Small business owners often find themselves charging less for their products and services when the companies are first getting started. As time goes on, you will likely want to raise your rates to be more competitive with the rest of the market. However, once you’ve set prices on goods, increasing them can be problematic, and previously loyal customers may end up abandoning you for the competition. Here are three tips for raising prices as a freelancer without alienating your devoted customer base:

1. Offer Reasonable Notice Clients are rarely excited to learn that a supplier’s prices are increasing. Still, freelancers and SMBs need to stay competitive with the rest of the marketplace if they hope to succeed. To avoid dealing with angry customers, be sure to offer plenty of notice of an impending price hike. Not only are customers less likely to worry about a rate increase that’s a month or two away, but they also have time to get their finances in order and budget for the increase. For best results, strive to over-deliver on your services in the weeks leading up to the rate increase so your clients know how truly indispensable you are.

2. Charge New Clients More Raising prices on customers who’ve stood by you from the beginning can be uncomfortable to say the least. One way to avoid this awkward situation is to charge new clients more than you do existing ones. This way, you can boost cash flow without damaging those hard-earned customer relationships.

3. Showcase Your Accurate Time Tracking As a freelancer, you’re probably well aware of the fact that clients don’t always pay their bills in a timely fashion. This issue only intensifies when you try to raise prices to meet market standards. If you want to increase the odds of your clients paying on schedule, aim to provide them with accurate, down-to-the-minute time tracking for each task you complete. By showing customers exactly what they’re getting for their money, you can minimize billing disputes and ultimately get paid for your work faster. As an added bonus, it takes just seconds to translate your pre-approved timesheet into a detailed, professional invoice that your customers won’t be able to ignore.

Get Accurants Free for 30 Days

Freelancers are often hesitant to raise prices on their goods and services for fear of alienating customers. However, the truth is that your years of experience increase the value you provide. By investing in Accurants’ cloud-based time tracking and invoicing tools, SMBs can ensure that every bill sent to clients is accurate and professional. In the long run, better billing means fewer late payments and more money in your checking account. For more information on our easy-to-use accounting solutions, call today or contact the Accurants team online.

27 Jul 2015
Accurants

4 Tips for a Successful Home Business

Do you run your small business out of your home? If so, then you’re not alone. According to a recent SBA report, 52 percent of small businesses operate out of the owner’s home, and with good reason. Not only can you save big money on rent and office overhead, but you can also take advantage
View More

7 Jul 2015
Accurants

25 Ways Businesses Can Use Accurants Now

As if running a small business didn’t come with enough challenges, many small businesses will soon be contending with a hike in the minimum wage. In order to remain profitable as salaries rise, companies need to find ways of cutting costs by streamlining processes and maximizing tax deductions. A leader in small business accounting, Accurants
View More

13 Jun 2015
Time Tracker

3 Reasons Why Every Company Must Have Time Tracking Software

A popular saying reveals that true change is impossible without an awareness of the problem. By the same token, it doesn’t matter how much you want to improve your time management skills unless you first identify where all your time is going. And while good time management is clearly crucial for achieving success in any
View More