Professional Fees Earned Budget Day & Spieth, CPAs, offer three types of services to clients:...
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Accounting
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
32,500
Partners
4,900
Tax Department:
Staff
23,700
Partners
3,000
Small Business Accounting Department:
Staff
4,500
Partners
600
The average billing rate for staff is $150 per hour, and the average billing rate for partners is $270 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
$
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