plus how to automate getting paid.
by jody padar
radical pricing – by the radical cpa
a well-structured agreement can make or break an engagement. we see this happen every day.
were you a fan of the television show “two and a half men”? remember when charlie sheen was fired? he ended up suing for what he thought he was owed for the remainder of his contract. and, surprisingly, there was not a comprehensive agreement detailing the terms. no one likely thought sheen would end his run on the show in this manner and didn’t plan for it.
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a similar scenario could happen to you, albeit with fewer global headlines i suppose. that’s why, once your client is ready to start working with you on a value basis, you’ll need to create a contract to finalize the deal.
there are two main agreements used by accountants today – the engagement letter and the service-level agreement. both are legally binding but look a bit different.
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