Accountants Freelance Rate (Monthly) Calculator Examples
Worked examples showing how a freelance accountant can estimate monthly revenue, day rates and hourly rates for different workloads.
These examples use different income goals, cost levels, set-aside percentages and billable capacity. They show why a rate target changes when your availability or planned provision changes.
Example 1: Part-time freelance accountant
A freelancer plans to invoice 10 days per month at 6 billable hours per day.
Input Summary
Target monthly personal income
£2,500
Monthly business costs
£400
Tax and savings set-aside
25%
Billable days per month
10 days
Billable hours per day
6 hours
Calculation Breakdown
- 1Retained revenue rate1 - 25 / 10075%
- 2Funds needed£2,500 + £400£2,900
- 3Required monthly revenue£2,900 / 0.75£3,866.67
- 4Day rate£3,866.67 / 10£386.67 per day
- 5Hourly rate£3,866.67 / 60£64.44 per hour
Result Summary
Hourly rate
£64.44 per hour
Accountants Freelance Rate (Monthly) Calculator
The estimated target is £3,867 per month, £387 per billable day or £64.44 per billable hour.
Example 2: Established accountant with a standard workload
The freelancer expects 16 billable days with 7 billable hours on each day.
Input Summary
Target monthly personal income
£4,000
Monthly business costs
£600
Tax and savings set-aside
25%
Billable days per month
16 days
Billable hours per day
7 hours
Calculation Breakdown
- 1Retained revenue rate1 - 25 / 10075%
- 2Funds needed£4,000 + £600£4,600
- 3Required monthly revenue£4,600 / 0.75£6,133.33
- 4Day rate£6,133.33 / 16£383.33 per day
- 5Hourly rate£6,133.33 / 112£54.76 per hour
Result Summary
Hourly rate
£54.76 per hour
Accountants Freelance Rate (Monthly) Calculator
The estimated target is £6,133 per month, £383 per billable day or £54.76 per billable hour.
Example 3: Specialist accountant with higher costs and reserves
The freelancer expects 14 billable days per month and charges for 7 hours each day.
Input Summary
Target monthly personal income
£6,000
Monthly business costs
£1,200
Tax and savings set-aside
35%
Billable days per month
14 days
Billable hours per day
7 hours
Calculation Breakdown
- 1Retained revenue rate1 - 35 / 10065%
- 2Funds needed£6,000 + £1,200£7,200
- 3Required monthly revenue£7,200 / 0.65£11,076.92
- 4Day rate£11,076.92 / 14£791.21 per day
- 5Hourly rate£11,076.92 / 98£113.03 per hour
Result Summary
Hourly rate
£113.03 per hour
Accountants Freelance Rate (Monthly) Calculator
The estimated target is £11,077 per month, £791 per billable day or £113.03 per billable hour.
Example 4: Full-capacity accountant with lower overheads
The accountant plans 18 billable days per month at 7.5 billable hours per day.
Input Summary
Target monthly personal income
£3,500
Monthly business costs
£300
Tax and savings set-aside
20%
Billable days per month
18 days
Billable hours per day
7.5 hours
Calculation Breakdown
- 1Retained revenue rate1 - 20 / 10080%
- 2Funds needed£3,500 + £300£3,800
- 3Required monthly revenue£3,800 / 0.80£4,750
- 4Day rate£4,750 / 18£263.89 per day
- 5Hourly rate£4,750 / 135£35.19 per hour
Result Summary
Hourly rate
£35.19 per hour
Accountants Freelance Rate (Monthly) Calculator
The estimated target is £4,750 per month, £264 per billable day or £35.19 per billable hour.
How to Read Your Results
Required monthly revenue is the amount to invoice before the chosen tax and savings provision.
The day rate is based only on planned billable days, not every weekday in the month.
The hourly rate is the day-rate equivalent based on your stated billable hours per day.
Use the results as planning estimates and consider rounding to a practical pricing level.
If you have several services, use the result as a base target and assess each service's scope and value separately.
Assumptions & Important Notes
- Each example assumes invoices are paid during the same month they are issued.
- The stated set-aside percentage is a planning choice rather than a tax calculation.
- All billable capacity is assumed to be sold at the calculated average rate.
- Examples exclude VAT or sales taxes, one-off expenses and unpaid invoices.
Related Examples
Frequently Asked Questions
Why can a part-time freelance accountant need a similar day rate to a full-time freelancer?
A part-time freelancer has fewer days over which to spread income targets, costs and planned set-asides.
Should I use day rate or hourly rate from the examples?
Use the format that matches how you intend to price the work. Both figures are based on the same revenue target and capacity assumptions.
Can I use these examples for fixed-fee accounting work?
They can provide a revenue benchmark, but fixed-fee work also needs an estimate of the time, scope and delivery risk involved.
What if my billable days vary by month?
Run separate estimates using lower and higher capacity assumptions to understand the range of rates needed.
Do the examples include VAT?
No. They focus on the revenue needed for income, costs and a selected provision. Indirect taxes may need separate treatment depending on your circumstances.
Ready to calculate your own result?
Use the live calculator with your own inputs, timing, and preferences.