How to Start Bookkeeping as bookkeepers?
Start writing a post

How to Start Bookkeeping as bookkeepers?

Start Bookkeeping

How to Start Bookkeeping as bookkeepers?

Bookkeeping has to be one of the most difficult and confusing tasks of your career, yet it can also be one of the most rewarding and lucrative.

The vast majority of small businesses are unable to afford a dedicated accountant or bookkeepers, and yet if you offer a bookkeeping service, you can and will have an enormous amount of customers. If you're thinking about starting your own bookkeeping business, then you need to learn the ins and outs of bookkeeping. The tips in this article will help you on your way to creating an accountant-type business.

Where to Start Your Bookkeeping Business

Bookkeeping can be hard, especially if you are just starting. You have to remember everything you're required to do and keep records of it. You have to make sure you give receipts when you have to, and it can be costly and time-consuming.

The key to starting your own bookkeeping business is to find a niche. The best way to find your niche is by asking questions of other people. What are they getting from their bookkeeping service? What do they like about it?

Once you have an idea of your niche, you can figure out what to offer in terms of services.

This could be through webinars or an actual series of in-depth courses on web-based bookkeeping software.

There are a lot of free tools available for bookkeeping and bookkeeping software, such as:

  • Charts like pie charts, bar charts, etc.
  • Calculators like time sheets, spread sheets, etc.
  • Tracking solutions like budgeting, accounting, bill estimating, etc.
  • And more.

What not to Offer

The most important thing to not offer is your own accounting services. This means that you're in the business of providing software or books for others to use. It also means that you are not the person that will deal with customers, and you will never be able to address the customers' individual needs. It is important to start the bookkeeping business that way. Your first customers will be the ones that get you off the ground.

Give Yourself a Year

The first year should be spent trying to get your bookkeeping business off the ground. You need to be careful to not go too fast and get yourself into trouble. The only way to find your niche and be able to stick with it is to give yourself a year to establish your bookkeeping business. You need to have a solid foundation for your business, and you'll need this foundation to build your business from. The more clients you have the more money you make. You need to be careful not to spread yourself too thin. If you aren't careful, you'll find yourself with the minimum amount of clients, and you'll be making nothing at all.

Get Support from a Professional

You need a team that you can trust. No matter how good of a bookkeeper or accountant you may be, you need someone you can talk to about your business. If you don't get help, you'll most likely get burned.

You'll also find that you have better success and will be able to build a better business if you can get other bookkeepers and accountants to share what they know.

Start with Your Personal Network

Get your personal network involved. Ask your friends, family, and coworkers for help in setting up your business. Your personal network is the one that will support your bookkeeping business because they know you and are happy to see you succeed.

Once your business is set up, make it a goal to give every customer a bookkeeping quote when they buy something. Be prepared to give a lot of quotes, but this will get you more business and get you more quotes. And more quotes means more business.

Starting a business can be hard, but bookkeeping is one of the easiest and cheapest ways to make money.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less

Unlocking Lake People's Secrets: 15 Must-Knows!

There's no other place you'd rather be in the summer.

Group of joyful friends sitting in a boat
Haley Harvey

The people that spend their summers at the lake are a unique group of people.

Whether you grew up going to the lake, have only recently started going, or have only been once or twice, you know it takes a certain kind of person to be a lake person. To the long-time lake people, the lake holds a special place in your heart, no matter how dirty the water may look.

Keep Reading...Show less
Student Life

Top 10 Reasons My School Rocks!

Why I Chose a Small School Over a Big University.

man in black long sleeve shirt and black pants walking on white concrete pathway

I was asked so many times why I wanted to go to a small school when a big university is so much better. Don't get me wrong, I'm sure a big university is great but I absolutely love going to a small school. I know that I miss out on big sporting events and having people actually know where it is. I can't even count how many times I've been asked where it is and I know they won't know so I just say "somewhere in the middle of Wisconsin." But, I get to know most people at my school and I know my professors very well. Not to mention, being able to walk to the other side of campus in 5 minutes at a casual walking pace. I am so happy I made the decision to go to school where I did. I love my school and these are just a few reasons why.

Keep Reading...Show less
Lots of people sat on the cinema wearing 3D glasses

Ever wonder what your friend meant when they started babbling about you taking their stapler? Or how whenever you ask your friend for a favor they respond with "As You Wish?" Are you looking for new and creative ways to insult your friends?

Well, look no further. Here is a list of 70 of the most quotable movies of all time. Here you will find answers to your questions along with a multitude of other things such as; new insults for your friends, interesting characters, fantastic story lines, and of course quotes to log into your mind for future use.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments