How To Start Bookkeeping For Small Business

How To Start Bookkeeping For Small Business


Start Bookkeeping for Small Business how to start a small book keeping
business when you think of working from home then starting and running a small
book keeping business will be a profitable one other than its low cost there will be no requirement of any
office space so no rent to be paid as well on the other hand the person must be
aware and understand the different accounting procedures and have the
special quality of paying attention to each and every detail in addition a qualification and
accounting is not required since you are not similar to an
accountant who offers financial opinions your customer basically the job of a bookkeeper is to guarantee
that the income and expenses are traced and entered statements for banks are
dealt with the payroll of an employee has worked on and disbursements as well
as invoices are suitably recorded start up prices and funding sources the basic
requirement for you to start and provide bookkeeping services are only a pc along
with accounting software or merely a fundamental spreadsheet for this you
need to spend only a thousand to two thousand dollars reckoning on your
financial plan as for the financial part you can either
use your personal savings or even go in for loans which can be a pain from the
small business administration it is not very difficult to get an
approval for small amount equal to 50 thousand dollars nevertheless to get alone you have to
submit your business plan which consists of the future income and expenditures
that you would be making out of your business and your growth possibility as
well pricing parameters the rate that you can
charge for the bookkeeping services that you provide will depend on the work
volume you can also charge based on time and
such rates can be twenty to fifty dollars per hour on the other hand some
bookkeepers provide such a service for a fixed price between 200 and 800 every
month relying on the nature and degree of the
work needed promotion and marketing the majority of your clients will be
only small business owners who lack time and neither bookkeeping to be done
accurately hence they would like to outsource the
work to a bookkeeper like you who could trace the whole lot and supply them with
a statement every month and owners of retail stores or service providers like
doctors plumbers and lawyers will be looking for
your services the reason is is that these people would
like to concentrate more on their businesses and not on other
administrative duties hence you need to promote your business
and yellow pages in the beginning you can also scan through companies that
publicize and journals or newspapers and get in touch with them to promote your
services via telephone actually anyone owning a business will require your
services and you will be able to find a long list of prospective clients that
you can contact in reality you can as well contact big bookkeeping firms for
recommendations since they had times may not be able to
manage their clients there by would like to refer the smaller businesses to you furthermore you can network with trade
associations or business clusters in your region for self-promotion of your
bookkeeping business when you become more accomplished your fame will augment
mostly due to recommendations from existing customers the necessary tools APC accounting
software and a printer are the devices that you need to have optional training
knowledge or required expertise even though it is not a necessity for
you to possess an accounting qualification but still if you are
formally trained in this area it would be an addict qualification and your
clients will trust you with their work you can join a course that is offered by
community colleges or other accredited institutions and get to know the basics
of bookkeeping indeed you can find out from the
american institute of professional bookkeepers for a record of their
members who provide these services you must also have the skills to manage
and control your business you need to know the legalities how to hire plan and
market your business you must be well versed in drafting your business
proposal so that you can be at ease once your
business picks up revenue potential the money you can earn from this business
depends on the effort and time that you put in you will find that some
bookkeeping businesses have grown to the extent of generating revenue to the tune
of a hundred thousand dollars a year while others mayor and only forty thousand dollars in
state lack in effort your target market without any doubt the target market is
vast for bookkeeping business since bookkeeping forms portion of managing a
business all owners of a business are accountable for their bookkeeping this entails that any small business
owners who do not have the time and the interest for bookkeeping can be your
target market tips for success in case you are able to provide
outstanding services to your present customers that you can get excellent
reviews and recommendations for your business this is indispensable and spreading your
business through word of mouth is more beneficial for speed development of your
business also the job of a bookkeeper is thorough
and needs a person having capability to concentrate on details as well as son we
read with scrunching numbers a bookkeeper has to be truthful and
practice honesty with regard to the job this is particularly factual when a
bookkeeper is cursed by the customers to manipulate the figures in the records you can walk away under such a situation
instead of tarnishing your name in the business field

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About the Author: Oren Garnes

32 Comments

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  2. Good video. Do you offer bookkeeping services? I am looking for outsourced bookkeeping services. I'm not sure where to start. Any advice is appreciated.

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  4. A informative video about how to start a bookkeeping business. I could use the information and apply it my own small bookkeeping business when I'm finish my program in college

  5. quick books by Intuit replaced bookkeeping jobs – just simple organization, scheduling, and knowledge of simple math now allows anybody that's an entrepreneur to track thier business finances

  6. Many young people are now willing to start their own venture. For the success of their own venture they needs to ubderstand book keeping. Getting a good accountant from http://dua.co.uk saved me. Thanks for sharing these useful tips.

  7. I also clicked this video looking for advice on keeping books for my little business. I barely want to keep my own books, much less spend tedious hours doing it for another business. Still, I'd rather tend my own books than have them done for me.

  8. This was great, thanks, I have been researching "from home make money" for a while now, and I think this has helped. Have you ever come across – Rendalyn Financial Fixify – (Have a quick look on google cant remember the place now ) ? Ive heard some interesting things about it and my m8 got excellent success with it.

  9. I would check in your country if there is any licience/permit that you need to have to have a bookkeeping business. for example in australia – you need to be a BAS Agent

  10. Let's think about this. Here is a video telling new people how to start a bookkeeping company. Just let that sink in for a minute. Hello? Hire a CPA and avoid homegrown bookkeepers (who need to see a video about how to start a business).

  11. A very informative video regarding bookkeeping services for small business.At Virtual Accountant we are a team of dedicated professionals who are passionate about helping our clients grow their business. We provide all the usual bookkeeping, corporate tax, year end services and personal tax services.

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