How to Start a Bookkeeping Business at Home With No Money or Experience in 22 Steps – NAAAP Toronto

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How to Start a Bookkeeping Business at Home With No Money or Experience in 22 Steps

how to start a bookkeeping business

Today, I believe most new clients like a subscription model where they pay one fixed monthly price in return for a total solution. Conversely, without uncovering that pain point, potential clients would likely be more price sensitive. With this interaction, you have uncovered a pain point, which then increases the value of what you’re offering making it easier to bookkeeping for small business get clients. Here we are just understanding the small business itself which is a critical step to get clients. 2) To get clients, write a well-optimized blog that increases your chances of appearing on the first page of Google. For example, if you’re on the first page of Google for the above keyword, you’ll get 1000’s of hits to this single blog post each year.

PayScale, a site that tracks salaries and rates, puts the average hourly rate for a bookkeeper around $17 per hour ($10 on the low end and $24 on the high end). You might also want to look into freelance and for-hire contractor sites, such as UpWork or Fiverr, where people list their rates. Find bookkeepers that are similar in your skill set and experience to help gauge what you should be charging. Business checking accountand, as your business grows, you may also opt for a business savings account to let your excess funds earn interest.

The Best LLC Services for Starting a Bookkeeping Business

It takes time to become a great marketer on even a single social media platform, so be patient, and allow yourself to experiment with different types of content. You may not want to hire employees right away, but prepare yourself now, so the process is easier in the future.

  • Your marketing plan will include creating a brand , setting your prices, deciding where you’re going to work and then advertising and promoting your services.
  • If you love numbers, organization, and some financial grunt work, bookkeeping is the perfect business for you.
  • There are already many bookkeeping businesses, making it a competitive industry.
  • A bookkeeper also needs a good understanding of computerized accounting software.
  • Whether you are doing this part-time or full-time, you don’t want to skip this step.
  • If your clients will be sending you things such as receipts or statements, you might want to consider the tool that you’ll use to share files.

If possible, plan to meet your clients at their office or virtually. I do not recommend that you invite clients to your home office unless you know them very well and you have a private room where you can work.

Choose your bookkeeping software

Look for a company that offers office space for rent as needed instead of a traditional lease. Ask friends who are business owners if they have extra space for rent, and if that fails, look at traditional office space. Single office rentals aren’t as outlandish as you might think. Because of the nature of the business, consider insurance.

Alternatively, you might also want to check out Melio Payments or Veem if you need a less advanced system for your clients. Yes, I know MacBooks cost a lot more than a regular Windows-based computer. But let me tell you that I am saving money on less frustration with IT issues and lost time. And, I feel like a MacBook lasts longer than any other Windows-based laptop out there. I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith.

How Much Money Can You Make Starting a Bookkeeping Business?

Common business insurance policies for bookkeepers include things such as professional liability and general liability. While many bookkeepers work for other companies, there’s potential to freelance with this career option. Does the idea of owning your own business sound exciting to you? With the right training, skills, and a plan you can take the steps for starting a bookkeeping business. You need a number of other business essentials to start offering virtual bookkeeping services to clients and make money. Most small business owners don’t want to do the bookkeeping themselves.

How many clients can one bookkeeper have?

Typically, a bookkeeper can handle 20 to 30 clients on their own. But when you're approaching or exceeding 50 clients, it's time to hire some help. Hiring help will allow you to maintain more clients, generate more revenue, and keep your customers happy.

If people start sending you LinkedIn connection invites coming from these groups and from local businesses, you know you’re on the right track. 2) To get clients, showcase a simple “how it works” process so that visitors know the steps they’ll need to follow to reach the benefits and outcomes that you have listed above. Meaning, technology cannot be ignored if you want to get bookkeeping clients, or even land your first client. When you get clients, over and above the accounting work that you’ll be delivering to them, they’ll also need help throughout the year for ad hoc questions. Dealing with these ad hoc questions would form part of the support that you’ll be expected to provide.

Step 2 – Choose Your Web Pages

Ben is a great teacher and he knows how to break down the content so that anyone can learn it. I actually got my first client before the class even ended. People who knew I had been laid off were asking me about my “job seeking” prospects and I would tell them that I was starting my own bookkeeping business. Probably about half the people I told said that they needed or they knew someone who needed a bookkeeper, so I was already handing out my business cards. That first client was all I needed to gain the confidence to get my next client, which came a few weeks later. I project I will reach my income goal within three months.

how to start a bookkeeping business

If you’re reading this, it means you see the opportunity, and you’ve already asked yourself the important questions every entrepreneur needs to answer. You want to help businesses by starting your own bookkeeping business. And we want to help you figure out how to get out there and land your first client. To learn more about the ins and outs of setting up your own business, check out our small business guide on how to start a business and our guide on starting a bookkeeping business. These tools enable you to manage workflows and get your business in order.

How a Bookkeeper Is Different Than an Accountant

People need to read it quickly and understand what you do. If it’s too long, it won’t fully fit in your social media handle, email account, or Google’s results. If you have experience working as a bookkeeper — plus a passion to learn or a love of finance — then you have everything you need. To run a business takes commitment and drive, not a prestigious degree.

  • Many people don’t think they have the skills necessary to land a position.
  • If you’re not certified, look into earning a bookkeeping certification to enhance your credibility and credentials.
  • In general, you need experience with bookkeeping and/or accounting on a professional level, plus experience with various accounting software, such as QuickBooks.
  • In pandemic time this is the best way to start a Bookkeeping Business in 2020.
  • There are many online tools that can help you provide all the services needed.
  • You don’t need a huge amount of infrastructure to get started.
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