Professional Fees Earned Budget

Day & Spieth, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending March 31, 20Y6:

		Billable Hours
Audit Department:
	Staff	36,000
	Partners	5,400
Tax Department:
	Staff	27,000
	Partners	3,400
Small Business Accounting Department:
	Staff	5,000
	Partners	700

The average billing rate for staff is $145 per hour, and the average billing rate for partners is $265 per hour.

Prepare a professional fees earned budget for Day & Spieth, CPAs, for the year ending March 31, 20Y6.

DAY & SPIETH, CPAs
Professional Fees Earned Budget
For the Year Ending March 31, 20Y6
	Billable Hours	Hourly Rate	Total Revenue
Audit Department:
Staff		$	$
Partners
Total			$
Tax Department:
Staff		$	$
Partners
Total			$
Small Business Accounting Department:
Staff		$	$
Partners
Total			$
Total professional fees earned			$