How to Start a Bookkeeping Business • Part-Time Money®But, first, let me tell you a bit more about me and how I came about to start a virtual bookkeeping practice. My mission was always to help small businesses through my accounting knowledge. I gained experience in forensic accounting, auditing, recruiting, and using technology to help streamline operations. I then joined a global construction company working directly with executives providing management reports and helping team members translate the numbers so they can better manage their projects. After a few years, I got pregnant and wanted the impossible 10 yrs ago. I wanted to work virtually from home.
7 things you should know before starting a bookkeeping business
How to start a bookkeeping business
The benefits of starting a bookkeeping business are hard to deny. You can choose your own schedule, decide how much you get paid, and be selective about who you work with. Plus, with smart technology, it's getting easier to set up. So why not jump in? Here are seven tips to starting a bookkeeping business. Understanding why you want to be a bookkeeper and why you want to work with small business is essential. This will form the foundation of your business model.
Many small business owners look to outsource managing their books, either because it's not something they enjoy or it's something that they have no desire to learn. This is why starting a business as a bookkeeper for other small business owners can be an excellent business idea. Small business bookkeepers can provide a range of services from managing accounts receivable, accounts payable, reconciliation, payroll, reporting, income tax preparation , and more. It's also necessary to be extremely accurate, reliable and work with a high level of integrity when you're managing the books for another company. If you have those characteristics under your belt, here are some of the benefits of starting a bookkeeping business:.
Learning how to start a bookkeeping business will get you on the path to earning a good income from home. With training from Bookkeeper Business Launch , you will be on your way to offering your services to business owners and entrepreneurs. However, this reflects wages for bookkeepers employed by companies rather than those running their own business. According to PayScale. Experienced bookkeepers and those serving specific niches can command higher rates.
How Much Does a Bookkeeping Business Make?
I hear that the idea of starting your own business begins with a conversation around the dinner table, over a cup of coffee or lying on a beach — and it was no different for me. My thought was that I have a business background and experience in the corporate world for a number of years, so I should be good to go. Unlike many new businesses, the first couple of years were good. I had a few steady clients, could pay my bills, and was able to set my own hours to spend more time with my very young daughter. It was everything that that I thought it should be.