Help with maths..(working out bill)

DVardysShadow

The way to charge for this is to charge to the nearest 6 minutes. This is 0.1 of an hour exactly. So the math will be easy.

£12/hr works out to exactly 20p/minute - but don't be tempted to work things out that way, because if your prices change, you'll end up having odd calculations.

gabyjane

Hi thanks..each child is diff hours and days though so have to do them all seperately!

JimmyTheWig

I'd be tempted to say get things exact. You've been given calculations on here which should help you do it this time and in the future.

If your recorded hours don't match your real hours then ofsted may have something to say about it.
If your income doesn't match your recorded hours then HMRC may have something to say about it.

For the sake of a couple of quid, why not get it right?
By all means offer a couple of quid discount if you want, but I would record it like that in your books.

Zazen999

gabyjane wrote: »

Hi thanks..each child is diff hours and days though so have to do them all seperately!

Get a clipboard and record the exact times - hang it up by the door and record things properly. Then use this to calculate your invoices when you do them.

gabyjane

JimmyTheWig wrote: »

I'd be tempted to say get things exact. You've been given calculations on here which should help you do it this time and in the future.

If your recorded hours don't match your real hours then ofsted may have something to say about it.
If your income doesn't match your recorded hours then HMRC may have something to say about it.

For the sake of a couple of quid, why not get it right?
By all means offer a couple of quid discount if you want, but I would record it like that in your books.

Hi..not sure why Ofsted would say anythign about me undercharging?! have i missed something there? all they are bothered about is that i log the kids times in and out correctly..which i do.
Again HMRC?? i am not overcharging but underchargind so why would i get into trouble over this?
It's less than £1-50 we are talking about per week...i am earning a very good wage for the time i am having them so not bothered about that small bit not accounted for.
Thanks for the reply x

gabyjane

Zazen999 wrote: »

Get a clipboard and record the exact times - hang it up by the door and record things properly. Then use this to calculate your invoices when you do them.

I have to do this by law anyway and always log the kids times in and out mainly for fire and safety procedures.

gabyjane

Mean to add most of the kids are either £40 for the day or times like 9-5 so £32 for their day..easier than 8.20-?..maths never was my strong point..not my fault i am thick lol!!

ab7167

my childminder charges me to the nearest 15 minutes, so at £4 per hour is is always an exact number of pounds. So if I dropped off at 7.20, he charges me from 7.15, but if I drop off at 7.25, he charges from 7.30. As my hours are not exactly irregular, but subject to change by 10-15 minutes here and there, sometimes I win and sometimes I lose. He has a clipboard with times in/out and just works it out on a Friday from this and I sign for it. We have to pay a month in advance (estimated), so the total I sign for gets deducted from my credit balance. When it gets close to £0 credit, I give him some more money!

Not very sophisticated, but it seems to work for us...

Any

Gaby I have to say I find your thinking a bit strange...

The calculation is £131.67 so I will bill £129... The amount is completely odd and you are giving 1/2 hour for free there...

If you said I will bill £131 or £131.50, you can say you are rounding, but £129 has no connection with your hourly charge at all..

Zazen999

gabyjane wrote: »

I have to do this by law anyway and always log the kids times in and out mainly for fire and safety procedures.

So, just add the times up and calculate it properly then.