How to Start a Virtual Bookkeeping Business in 5 Simple Steps

You can always attend professional events, too, such as conferences and networking events. Don’t forget that investing in your business means investing in yourself. Angie Nelson began working from home in 2007 when she figured out how to take her future into her own hands and escape the corporate cubicle farm.

• The program includes self-teaching workbooks that prepare you to pass the CB exam.
• There are countless options out there for bookkeeping software that blends a good price with solid features and functionality.
• With these five apps alone I can manage every aspect of my clients’ needs.
• Depending on the service, we charge roughly $60-$80 per hour, but of course, we don’t word it that way to the client.
• As you compare online bookkeeping courses, consider the range of topics covered, the course format, and the cost.
• Businesses might not want to keep all cash in the bank, as having an excessive amount of cash in the bank could mean missed opportunities in investment income.
• 2) An “about” section that communicates who you are as a person and showcases your personality.

Public accounting firms cannot provide a modern bookkeeping service without it. 4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. With a productized service offering, you can smooth out your workload throughout the year to eliminate this from happening. It’s possible to start a bookkeeping business from scratch, even if you don’t have a professional or educational background in accounting or bookkeeping. Having a degree or certification in either area could be an advantage, but it’s possible to acquire the skills you need to become a bookkeeper online. Likewise, you don’t need to have experience running a business, but that could also prove helpful.

Is bookkeeping for everyone?

Fortunately, small business owners don’t need to be experts in mathematics to find success when doing their own bookkeeping. There are many ways to divide bookkeeping responsibilities and leverage powerful technology and small business accounting software for more accurate expense tracking. For example, the client is responsible for entering transactions. Intuit partners with clients to provide support and assistance and works with them to ensure transactions are categorized and reconciled correctly so they have accurate financial reports each month. Customers schedule an appointment to have a bookkeeper review their transactions, and  multiple schedules are available to choose from. You will have access to a client management portal, and can communicate with customers through video conferencing and messaging.

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 get clients. Here we are just understanding the small business itself which is a critical step to get clients. The bad thing about Google and Facebook ads is that they can be super expensive and the traffic you get may not be the traffic that you want. Which means you would end up with the wrong kind of bookkeeping clients. Landing your blog post on Google’s first page will get you a nice flow of web visits and also help you get bookkeeping clients.

Chart of Accounts

If you still want to check email first thing during your morning cup of coffee, then cap it to an hour. Bhargava has shared his insights with organizations such as Microsoft, the World Bank, and JPMorgan Chase & Co. Get excited about your first client, then get back out there and find more. Keep your long-term goals in mind, and keep working towards them.

It is a comprehensive document that explains not only your services but also your market and the competitive advantage you’ll have in your business. It’ll help you focus your business and run efficiently out of the gate. Regardless of the type of business remote bookkeeping services you run, all business owners should write a business plan. Before you start courting clients, make sure you have an attractive and professional website in place. You don’t need to be all that tech-savvy or spend a lot of money to achieve this either!

How To Start A Virtual Bookkeeping Business

While the steps outlined below need to be completed at some point as you establish your business, getting your first virtual bookkeeping client should be the first thing you do. This way, you’ll be growing your reputation alongside building your business. To help you stay up to date on all things virtual bookkeeping and accounting, we’ve compiled a shortlist of resources to help you stay up to date with what’s going on in the industry. You can find information about international and national associations, publications, blogs and more. If you’re going to market on social, make sure you’re profile is focused only on bookkeeping tips and information. It helps potential customers get all the details they need from you.

Approaching clients and issues with these values in mind can keep your firm providing quality assistance uniformly regardless of where people work. As businesses grow, it becomes easier to let small activities slip. Since good record keeping relies on accurate expense tracking, it’s important https://www.bookstime.com/ to monitor all transactions, keep receipts, and watch business credit card activity. Many bookkeeping software options automate the tracking process to eliminate errors. Most accounting software offers a range of features that are suited for almost any type of small business.