Fees
The basic fee we charge our clients is for our core back-office service - an alternative that is better and cheaper to what they can do internally or via traditional book-keepers. To understand this fee and what it covers please read below.
Core Management Fee Levied On Outsourced Back-office
The Core Management Fee is based on your annual revenue and an estimate of the transaction volume you require. This is agreed client-by-client, but a schedule of fees is provided (see below).
| |
|
Annual Revenue |
| |
|
$0
to
$100,000
(A) |
$100,001
to
$250,000
(B) |
$250,001
to
$375,000
(C) |
$375,001
to
$500,000
(D) |
$500,001
to
$750,000
(E) |
$750,001
to
$1,000,000
(F) |
In excess
of
$1,000,000
(G) |
| Transaction Volume |
Low |
$60 |
$91
|
$107 |
$122 |
$137 |
$153 |
To be negotiated. |
| Medium |
$91 |
$153 |
$191 |
$230 |
$266 |
$279 |
To be negotiated. |
| Medium/High |
$122 |
$230 |
$268 |
$307 |
$393 |
$460 |
To be negotiated. |
| Unlimited |
$153 |
$307 |
$393 |
$460 |
$615 |
$765 |
To be negotiated. |
Weekly Core Management Fees (excl. of GST)
- The weekly cost is multiplied by the number of Fridays in that month to arrive at the monthly charge.
- At the end of each month, the fees are debited directly from the client’s account.
- Fees will be reviewed each quarter to ensure the appropriate fee is being applied.
1. Core Management Fee Services – those covered by the basic contract:
- Payroll completed
- All invoicing completed
- Collection and receipt of funds
- Management of purchases
- Funds disbursed per your instructions
- BAS returns completed
- ASIC returns completed (where appropriate)
- Accounts to tax return / consolidation readiness
- Assistance managing cash flow to maximise cash at hand
- All communication with insurance, banks, suppliers, authorities, etc.
- Up-to-date financial reports as needed – regular and on-demand
Fixed Fee Services - Resource and Consultation
Consultancy fees are charged for work done outside the scope of the core back-office work. Fees are determined on a case-by-case basis and by mutual agreement. You will not end up with unplanned consultancy costs on your monthly back-office bill.
Example:
Cofficient provides team training and facilitation services for $1,200 / consultant / day
Time and Materials Services – Resource and Consultation
Time and materials services charges are for work done outside the scope of the core back-office work. Fees are determined on a case-by-case basis and by mutual agreement. You will not end up with unplanned consultancy costs on your monthly back-office bill.
Example:
Fees charged on a time and materials basis -
- Assistance with accreditation with government suppliers, industry bodies, professional bodies etc.
- Assistance with obtaining government grants/assistance
- Assistance with immigration processing
- Graphic design of corporate logo, web site creation,
- Contractual negotiations and mediation services between contractor/employee and employer to assist with conflict at work or negotiating increases in rates, or differential rates of new/amended responsibilities.
Such services as those explained (above) would be billed over and above the Core Management Fee.
Referral Fees Paid To Us For Introducing You
Cofficient sometimes receives commissions for introducing your business to relevantly qualified business partners. In the case where a commission is payable to Cofficient this will be disclosed by us to you.
Cofficient is engaged in long-term client relationships, so if you take up a service or supplier who subsequently pays us for the introduction, we disclose it. If a commission is payable, we only get paid by the other party if and when you agree to take up the offer. It goes without saying that we don't sign you up to things without your knowledge or permission - all your commercial decisions such as choosing suppliers remain yours. Instead, we align ourselves so that we stop getting paid if you stop using their services, so we have a vested interest helping you choose the right service provider for you based on your needs - not ours.
|
|
