How the Financial Statement Is Done by a Wedding Planner

Video Transcript

"Hi, I'm Becky Sosa with Stress Free Events, and I'd like to talk to you about how the financial statement is done by the wedding planner. There are a few different rules to this, every wedding planner does things a little differently, but they're usually going to follow under one of three ways. A lot of wedding planners will charge you a percentage of your total wedding budget, and this is what they're going to charge you for their services. They're going to ask for anywhere from twenty five to fifty percent of that amount up front, and then the rest of it is going to be due before your wedding. Another option is that they're going to charge you per guest. They feel that their time is divided up amongst your guests, so a smaller wedding will have a smaller fee, and a larger wedding will have a larger fee. They'll calculate the number of guests expected versus the number of guests that actually show up, and you'll end up paying your wedding planner a deposit, and then you won't pay the final payment until the wedding is over and you have a final guest count. The last way that a lot of wedding planners are doing things these days are by packages. They'll create a package for different services that they offer, and you'll find the package that's going to fit your wedding the best. There's one rate for that package, you will put down a deposit for the wedding, holding your date, and then you'll pay the remainder of it at the time of your wedding. Again, it'll be determined by what your wedding planner feels is appropriate for them. Sometimes it's a week before your wedding, sometimes it's due the day of your wedding. These are the ways that wedding planners have their financial statements set up."