If you charge by the hour, provide an invoice to clients. Break down all charges. Here’s an example.
Fees for professional services rendered: | ||
---|---|---|
Meeting on April 4, 2013 to discuss retirement planning matters | $X | |
Review of investment portfolio statements, telephone and email communications on May 17, 2013 | $X | |
Total Fees | $X | |
Disbursements: | ||
Postage and/or courier, photocopying and other direct costs | – | |
Total Fees and Disbursements | $X | |
Goods & Services Tax – 14% | $X | |
Balance Owing | $X |
Source: Blair Corkum, fee-only advisor at Corkum & Arsenault