How One Bookkeeper Increased Her Prices by 346% Using Effective Pricing

Mark Wickersham • October 30, 2020

Pricing your services can feel like a guessing game, especially when you charge by the hour. Many bookkeepers and accountants unknowingly undervalue their expertise, leading to lower profits and unpredictable income. But what if you could triple your pricing without doing extra work?


That’s exactly what happened to Kimme Lafayette, founder of Beyond Bookkeeping Business Services, when she started using the Effective Pricing software. This is her story of how she ditched hourly billing, adopted value pricing, and transformed her business.


The Problem: Hourly Billing Was Limiting Her Income


Before using Effective Pricing, Kimme relied on hourly billing to quote her services. Like many bookkeepers, she estimated the time required for each client’s work and then applied a fixed hourly rate.


For example, one client had three bank accounts and a moderate bookkeeping workload.

She estimated:
✅ 5 hours per month
✅ $70 per hour
✅ $4,200 per year


At first glance, this seemed reasonable. However, the problem with hourly billing is that clients focus on the cost per hour, not the value they receive. Even though Kimme was providing expert bookkeeping and financial guidance, clients saw her as a cost rather than an investment.


She also found herself constantly adjusting invoices when work took longer than expected. This led to income uncertainty and difficulty scaling.


“I knew I was undercharging,” Kimme recalls. “But I didn’t have a structured way to price my services differently.”


The Shift: How Effective Pricing Changed Everything


When Kimme joined Mark Wickersham’s Value Pricing Academy, she realised that her pricing model was the real problem. She learned that clients aren’t paying for hours worked, they’re paying for the financial clarity and peace of mind that expert bookkeeping provides.


This is where the Effective Pricing software became a game-changer. Instead of guessing at prices, she used the software to structure her pricing based on value.


Here’s how it worked:
✅ She walked her client through a structured selection process.
✅ They were presented with three pricing tiers—Basic, Premium, and VIP.
✅ The client chose her Premium Plan at $18,720 per year.


That’s a 346% increase over her original quote of $4,200 per year!


“I couldn’t believe it,” Kimme says. “I was charging more, yet my client was happier because they got to choose the service level that worked best for them.”


Why This Works: The Psychology of Value Pricing


The key to Kimme’s success wasn’t just raising prices, it was presenting pricing differently.

  • Hourly billing makes clients feel uncertain because they don’t know what the final cost will be.
  • Fixed pricing often underestimates the true value of the service and leaves money on the table.
  • Value pricing shifts the focus from cost to outcomes, allowing clients to choose what they truly need.


When clients see a clear pricing structure, they feel more confident in their purchase. Effective Pricing makes this process simple and repeatable, ensuring that every client interaction is structured for maximum value.


Real Results: More Pricing Wins


Once Kimme saw how well Effective Pricing worked, she never looked back.


  • Her second quote using the software resulted in a 200% price increase.
  • Her third quote increased revenue by $22,000 per year.
  • One client paid $30,000 more than their previous bookkeeper because they finally understood the value of premium bookkeeping services.

Fixed Pricing vs. Value Pricing: What’s the Difference?

Many bookkeepers assume that fixed pricing is the same as value pricing—but they’re completely different.


📌 Fixed pricing assigns one price for everyone, regardless of their needs.
📌
Value pricing allows accountants and bookkeepers to customise pricing based on what clients truly value.


Think about it like booking a vacation:
🏝️ Two guests might stay at the same resort, but one is willing to pay extra for an oceanfront view, private dining, or early check-in.


🏝️ That’s
value pricing—charging based on perceived value, not just the service itself.

Effective Pricing makes this easy, allowing accountants and bookkeepers to present clear options that encourage clients to choose premium services.


Overcoming the Fear of Raising Prices


One of the biggest challenges accounting professionals face is confidence. Many worry:

🤔 “What if I charge too much?”
🤔
“What if my clients push back?”
🤔
“What if I lose business?”


Kimme had those same fears—until she saw the numbers.


  • Her confidence skyrocketed after her first 346% increase.
  • She stopped fearing pricing conversations and started embracing them.
  • She realised that clients will pay more when they see the value in what you offer.


When you use Effective Pricing, you don’t have to second-guess your pricing. The software guides clients through the process, making pricing discussions feel natural and empowering—not stressful.


The Reality: Value Pricing Takes Work—But It’s Worth It


Implementing value pricing isn’t an overnight fix. The first time Kimme used Effective Pricing, she spent eight hours refining her pricing model. But once she had it set up, she saw results immediately.


Today, her average pricing increase is 197% compared to her old method.

And she’s still improving, continuously tweaking her pricing structure to maximise value and revenue.


Are You Leaving Money on the Table?


If you’re still using hourly billing or fixed pricing, you’re almost certainly undercharging.

  • Clients will pay more if they see the value in what you offer.
  • Presenting pricing correctly is the key to unlocking higher revenue.
  • Effective Pricing makes it easy to structure your pricing for maximum impact.


💡 Want to stop undervaluing your services? Try Effective Pricing today and see how it can transform your business—just like it did for Kimme.


Kimme Lafayette, Beyond Bookkeeping Business Services

30 October 2020

By gabi June 13, 2025
“When you give one price, it’s always the wrong price.” — Teresa Slack It’s a common scenario. A prospective client asks for a quote. You review their details, estimate the work involved, and deliver a single price. Their reaction? They hesitate. They ask for a discount. Or worse—they ghost you completely. The issue isn’t that your price was too high or too low. The real problem? You gave them only one option. Why One Price Doesn’t Work A single price turns your service into a yes-or-no decision. You’re putting pressure on the client to either accept or reject your offer—without the context of value or flexibility. Even if you believe your price is fair, your client may not be ready to commit without understanding what they're really paying for. Plus, you’re locking yourself into a number that may not reflect the complexity, needs, or expectations of the client. The outcome? You either: Undercharge (and resent it later), or Overcharge (and lose the deal) Neither serves you or the client. What Clients Really Want: Control and Clarity In today’s world, clients expect transparency. They want to know: What they're getting Why it costs what it does What options are available They want to feel in control of the buying process. When Teresa Slack shifted to letting clients "build their own package" through Effective Pricing, everything changed. Clients began engaging with the process, asking better questions, and ultimately choosing higher-value packages themselves. The Power of Presenting Options Instead of giving a single number, offer clients a structured choice: Entry Level Full Service Premium Experience Or even better, let them dynamically adjust their selection based on scope. When clients see the value behind each service line, they make better-informed decisions. You move from price being a sticking point to it being a reflection of value. Teresa shared how one client increased their monthly fee by 204% after going through this process. Why? Because he realised everything that was on offer—and valued it. How to Present Pricing the Right Way Here’s how you shift from pricing resistance to pricing confidence: Scope Before You Quote Start with a discovery session or diagnostic review. Uncover: Volume and complexity of work Pain points and priorities Desired outcomes Use Interactive Pricing Tools Forget spreadsheets and static quotes. Use tools like Effective Pricing to: Show real-time price changes based on scope Let clients see what’s included Build transparency into every quote Let Clients Shape Their Package Allow toggling options on or off. If the full package is too expensive, don’t discount—adjust the scope. “We don’t discount. We remove services.” — Teresa Slack From Negotiation to Collaboration This approach changes the nature of the sales conversation: Old way: "Can you do it for less?" New way: "What if we removed reporting or payroll support to reduce the price?" You’re no longer justifying your fee. You’re collaborating with the client to find the right fit. That builds trust. That wins work. Conclusion: Stop Pricing in Absolutes If you’re still offering one quote per client, you’re missing a huge opportunity to: Position your value clearly Increase your average fee Build better client relationships The right price is the one the client chooses—because it reflects what they truly care about. Try Effective Pricing Want to see how flexible, transparent pricing can transform your firm? 🎯 Book a free demo of Effective Pricing and discover how to: Price confidently Scope accurately Convert more clients → Try it now and give your clients a choice they’ll actually value
By gabi June 6, 2025
Think you’ve moved away from hourly billing and embraced value pricing? You might not have. For many bookkeeping and accounting firms, pricing remains the Achilles' heel. Despite good intentions, most who "switch" to value pricing actually end up using fixed pricing—and they don't even realise it. On the surface, it feels like progress. But under the hood, it's often just the same problem dressed differently. In this article, we’ll explore the most common misstep firms make when transitioning their pricing models, why it matters, and how to make a true shift to value pricing that increases revenue, improves client relationships, and restores profitability.
By gabi May 30, 2025
"There were times we couldn’t make payroll. We pulled money from our personal investments just to pay staff." That’s how bad things had become for Teresa Slack, co-founder of Financly Bookkeeping Solutions. On the surface, her business looked like a success. It had a growing client base, a team of skilled staff, and years of momentum behind it. But underneath, the numbers told a different story: they were barely breaking even, despite all the hard work. The culprit? Outdated, ineffective pricing. Meet Teresa and Financly Based in Ontario, Canada, Financly is a virtual bookkeeping firm specialising in e-commerce businesses, particularly those selling on Shopify and Amazon. With a team of 10 working remotely across Canada and Europe, Teresa and her sister Connie built a thriving niche-focused firm. But as the business grew, so too did the pressure. In the early days, they charged hourly rates as low as $18, later increasing to $35. Eventually, they transitioned to fixed pricing, offering packages at $200, $300, and $400 per month. But even that wasn’t enough. The business couldn’t sustain the team they had built. "We were paying our staff more than what the clients paid us," Teresa recalled. Overworked, Underpaid, and Out of Options Despite having more than 100 tax clients and 50 consulting clients, Teresa and Connie weren’t paying themselves. They were burning out, fast. "It was incredibly stressful because we knew we needed to do things differently, but we didn’t have any money." Then came a pivotal moment: a conference in Toronto where they first heard Mark Wickersham speak about value pricing. The Lightbulb Moment They joined the Value Pricing Academy and soon learned they had been confusing fixed pricing with value pricing. The difference? With fixed pricing, every client pays the same. With value pricing, every client pays according to the unique scope of their needs. They began trying to build their own pricing models in Excel, but it was clunky and time-consuming. That’s when they discovered Effective Pricing . "You cannot do value pricing easily without this amazing tool," Teresa said. Putting It to the Test Teresa used Effective Pricing for the first time with a new client. She was nervous. "My heart was pounding. My mouth was dry. I didn’t know how it would go." But the result was astonishing. The client loved the process. They appreciated the transparency, the ability to select what services they wanted, and how the pricing adjusted dynamically based on scope. The outcome? A 204% increase in pricing. Reinventing the Sales Process Since then, Teresa has redesigned her entire sales approach. She now begins with a paid diagnostic review to uncover scope and pain points. Only after that does she present pricing using Effective Pricing. This two-step method means clients see the value before seeing the price. And Teresa can tailor each pricing conversation with precision. "When you give one price, it’s always the wrong price. Clients either ask for a discount or say no. Now, if a client thinks the package is too much, we remove services. We don’t discount." The Transformation: Financly 2.0 Financly is now thriving. The business is profitable. Staff are paid well and enjoy benefits. Teresa and Connie now take a salary. The firm is approaching $1 million in annual turnover. And clients? They now pay what they’re truly worth. "We have clients paying $4,000 a month for bookkeeping," Teresa said. "Ten years ago, I couldn’t have imagined that." Hidden Wins The benefits didn’t stop at pricing. Miscommunication has plummeted. Clients now see exactly what is and isn’t included. Upsells are natural. Clients return months later to add more services they saw during onboarding. Client fit has improved. Teresa now works only with clients who respect and value her work. Teresa’s Advice to Bookkeepers and Accountants "If you’re struggling, working long hours, and undercharging, make the leap to value pricing. The shift will let you attract better clients, do better work, and actually enjoy your business again." Ready to Make the Shift? Explore how Effective Pricing can transform your practice, just like it did for Teresa Slack. → Learn more and sign up for Effective Pricing today.