Flat Rate vs Hourly: What's Better For Employment & Billing?
Flat Rate vs Hourly: What's Better For Employment & Billing?
Nov 8, 2022
toggl.com
Have you had a client who wanted to pay you hourly when you prefer a flat rate? Here's a tip: Keep it professional yet friendly. Clearly communicate your process and emphasize the value they will receive for the flat rate. For example, you can say, “I understand your ask, but I have found that a flat rate is mutually beneficial. It allows me to fully focus on your project without being constrained by time, ensuring that you receive the best possible results.” Structuring the billing as a flat ra
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Lenders calculate loan interest in two ways: flat interest rate and reducing interest rate. Both methods of calculation result in a different interest amount payable by you, the borrower, Flat Interest Rate: As the title suggests, a flat interest rate is one that is computed on the whole amount of the loan during its duration, without taking into account the fact that monthly EMIS slowly reduce the principal amount. As a result, the Effective Interest Rate is significantly greater than the initi
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