Fixed pricing is where you have, as you might have guessed, a fixed price for a service. That said, you can still layer up complexity with calculations.
So for example, you may have a fixed price for a P11d, but then you may want to multiple this fee by the number of P11d's your clients business will require.
Fixed Fees and How They Work
When configuring your fees for a service (line item), a fixed price will be one of the options to choose from within your pricing types.
The value for the fixed fee will be whatever is entered into the Price field. This will be charged monthly or one-off dependent on the option you select.
Building On Fixed Fees with Calculations
In the example above, we want to charge a fixed fee of £6.50 for a P11d, however we need to factor in how many P11d's we need to produce for the client.
Adding a calculation will allow you to build on your base fees to make sure you can fully charge for the full scope of the work.
In this example, we would want to multiply our cost for the P11d by the number of P11d's required, so we would use the 'multiply' by 'quantity field' option where our quantity field is the number of P11d's required.
When creating a proposal and choosing this service, we would then be prompted to enter the number of P11d's we need to do.
This would take our fixed price of £6.50 per P11d and multiply it by the number we enter into this field when getting our calculation.
Other Uses of Fixed Price Calculations
You may use calculations on fixed prices in a range of scenarios dependent on the nature of the work you are delivering.
For example in the case of Bank Reconciliation, you may want to charge £25 per month for up to 25 items per month, £50 for up to 50 items per month and so forth..
To achieve this you would set a fixed price of £1 and add a calculation to multiply this £1 by a variation where the variation multiplies the £1 by a value relating to the item band.
In the example below, 0-25 transactions would cost £25 (£1 x 25) per month and 26-50 transactions would cost £50 (£1 x 50) per month.
Learn more about our other pricing types and how they work here.
If you have any questions, please reach out to us! 😃