Quick Overview
About Us
Let’s Do the Books provides bookkeeping services with friendly sliding-scale fees to life coaches, solo consultants, and freelancers.
Who You’d Be Working With
I’m Mark Butler, founder of Let’s Do the Books. For over a decade, I’ve served as “chief money guy” for online businesses, including several that earn millions per year. I launched Let’s Do the Books in 2020 to provide accessible bookkeeping services to coaches and other solo operators who want professional care without the expense of a fractional CFO.
More About the Referral Program
A two-tiered commission structure ensures you win when we win.
When a client pays $500 or more in their first six bookkeeping bills, you earn $1,000. You earn $500 for clients whose first six bills total less than $500.
A simple example:
Client | Total fees after 6 payments | Commission |
---|---|---|
Client 1 | $389 | $500 |
Client 2 | $750 | $1,000 |
Client 3 | $206 | $500 |
Client 4 | $1,200 | $1,000 |
Our client-friendly sliding-scale fee structure (details on our services page) means our clients’ fees vary month-to-month, but our partners know they’ll earn $500 or $1,000 regardless of the client’s fluctuating fees.
How commissions are paid.
Commission begins accruing as soon as the referred client makes their first monthly service payment.
Commissions “vest” after a client’s third payment. If the client doesn’t make at least three payments, commissions on that referral are canceled. Why? Because onboarding clients is expensive. When a client leaves after one or two months, everyone loses.
To be clear: commission is paid retroactively on all payments the client makes, we just don’t start making payments until the client has reached the three-payment milestone.
Qualified commissions are paid out at a rate of $83 per month until reaching $500 or $1,000, depending on which tier a referred client reaches.
Here are example commission payments for a $1,000 referral.
- Note how qualified commissions are paid in the second month after they’re earned (e.g. commission earned in February is paid in April).
(If this were a $500 commission, there would only be six payments totaling $500.)
Date | Event | Commission Paid |
---|---|---|
Jan 25 | Referral signs up and pays $1 registration fee | $0 |
Feb 10 | Referral makes first service payment | |
Feb 28 | Commissions paid end of month | $0 |
March 10 | Referral makes second service payment | |
March 31 | Commissions paid end of month | $0 |
Apr 10 | Referral makes third service payment (commissions are now “vested”) | |
Apr 30 | Commissions paid end of month | $83 (1 of 12) |
May 10 | Referral makes fourth service payment | |
May 31 | Commissions paid end of month | $83 (2 of 12) |
June 10 | Referral makes fifth service payment | |
June 30 | Commissions paid end of month | $83 (3 of 12) |
July 10 | Referral makes sixth service payment | |
July 31 | Commissions paid end of month | $83 (4 of 12) |
Aug 10 | Referral makes seventh service payment | |
Aug 31 | Commissions paid end of month | $83 (5 of 12) |
Sept 10 | Referral makes eighth service payment | |
Sept 30 | Commissions paid end of month | $83 (6 of 12) |
Oct 10 | Referral makes ninth service payment | |
Oct 31 | Commissions paid end of month | $83 (7 of 12) |
Nov 10 | Referral makes tenth service payment | |
Nov 30 | Commissions paid end of month | $83 (8 of 12) |
Dec 10 | Referral makes eleventh service payment | |
Dec 31 | Commissions paid end of month | $83 (9 of 12) |
Jan 10 | Referral makes twelfth service payment | |
Jan 31 | Commissions paid end of month | $83 (10 of 12) |
Feb 10 | Referral makes thirteenth service payment | |
Feb 28 | Commissions paid end of month | $83 (11 of 12) |
Mar 10 | Referral makes fourteenth service payment | |
Mar 31 | Commissions paid end of month | $87 (12 of 12) |
How referrals are tracked and paid out.
All commissions will be paid through PayPal Mass Pay on the last business day of the month. This means a) you’ll need a PayPal account to receive commissions, and b) you’ll need to be comfortable paying a 3% merchant fee (just as you would with any other client payment).
Partners will receive an end-of-month statement tracking their active referrals’ commission timelines.
Earning Potential
Historically, about 60% of clients have reached the fee threshold for the $1,000 commission. If that percentage holds, you’d earn just under $10,000 in a year by referring one client per month.
*60% is the average after five years of data and several hundred clients. I can’t predict whether that percentage will persist across all future signups.
Attribution
The Let’s Do the Books signup page has a “who referred you” field. When a new client enters your name, that’s your client. We want to reward our partners, so if a client signs up and leaves the referral field blank, we’ll follow up during the onboarding process to ensure the referrer gets credit.
Presumption of “Good Business”
Let’s Do the Books gives great service to coaches, consultants, freelancers with small teams, dedicated business bank accounts, and a collaborative attitude. We are happy to help new clients clean up the past and get organized (we have great systems to support this), and then we need them to give us about five minutes of attention each month.
Our best partners will encourage the people they refer to bring a professional mindset to the service. This sets the bookkeeping relationship up for success (See the FAQ at bottom of our services page for clarity on how we work and who we serve well.)
We’d love to support your promotion of the service.
I’m Mark, the owner of Let’s Do the Books. I’m happy to come on your podcast, co-create promotional materials with you, and brainstorm other ways to support your promotion of the service. Just send an email to team@markbutler.com and we’ll get together!
How to Join the Partner Program
Click the button below or send an email to team@markbutler.com to let us know you’re excited to partner with Let’s Do the Books. We’ll acknowledge your email and ask how we can help you get started. After your first successful referral, we’ll request your PayPal email address and send a link to your commission tracking statement.