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Professional Fees Earned Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business
Professional Fees Earned Budget for a Service Company Rollins and Cohen, 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 month ending January 31, 20Y7: Audit Department: Staff Partners Tax Department: Billable Hours 29,000 4,400 Staff 22,000 Partners 2,800 Small Business Accounting Department: Staff 3,500 Partners 500 The average billing rate for staff is $115 per hour, and the average billing rate for partners is $235 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAs, for the month ending January 31, 2017.
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