![]() Here's how to start a bookkeeping business in just nine simple steps. Starting your own business may seem overwhelming, but the process is surprisingly manageable. How to start a bookkeeping business in 9 steps: Starting a bookkeeping business will allow you to offer a valuable, in-demand service that the small business community rely on. Without access to a certified bookkeeper, many small business owners could lose track of their cash flow. All you really need is some bookkeeping experience, access to accounting software, and a way to market yourself to prospects. That's partly because bookkeeping businesses don't have a lot of barriers to entry or even a lot of startup costs to worry about. Is a bookkeeping business profitable?īookkeeping can be a surprisingly profitable business. Certified public accountants can file taxes, perform audits, and even provide professional guidance on the best way to manage company finances. Keep in mind that bookkeeping responsibilities are a bit different from those of a certified public accountant (CPA). How a bookkeeper is different from an accountant In fact, only 62% of small businesses have in-house accountants, which means that more than a third of small business owners turn to external companies to assist with bookkeeping and other financial services. Small business owners don't usually have the resources to hire their own accounting or bookkeeping team. Most bookkeeping businesses provide ongoing financial support, though some companies will offer "catch-up" services for business owners that get a little behind in their books. What is a bookkeeping business?Ī bookkeeping company will offer basic bookkeeping services to another company or organization on a contractual basis. Business owners can use this data to optimize financial performance and keep a close eye on their cash flow.
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