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