And while there are currently no laws or regulations in the United States that stipulate you must be licensed, you still must adhere to this truth:
BOOKKEEPING BASICS PROFESSIONAL
To help him finish the job to the best of his ability, in the least amount of time possible, to deliver a high-quality finished product.īefore you dive into your discovery of the EXACT tools, technology and professional certification you need to start a bookkeeping business, there is a critical mindset you must adopt.īookkeeping is an honorable, time-tested PROFESSION. It’s been used by more than 14,000 other women and men to start a bookkeeping business.Įvery craftsman (or craftswoman :)) needs his handy-dandy toolkit. It’s a business plan in step-by-step, week-by-week format. My suggestion is to take a look at Bookkeeper Launch. However, most people create a business plan and put it on a shelf, never to look at it again. If you can actually use your business plan as a roadmap to get started, then create one. There are both pros and cons to business plans. What about a business plan? Should you have a business plan? That’s entirely up to you. Most businesses cost tens if not hundreds of thousands of dollars to launch.īut not your bookkeeping business! Get going for less than $1,500 smackers…in the world’s #1 most profitable business. And, some of the items I list above you can hold off on purchasing right away. If you’re a thrifty person, I know you can reduce that amount. Okay, if I did my math right (please, say I did else I might need to find a new line of work) – that means your estimated startup costs are about $1,404. To understand what might work for you check out this helpful post about best business structure from. But, like errors and omissions insurance I stress the importance of you having it.īTW…when you setup a business entity, there are several flavors. You could begin your business without setting up as a corporation or limited liability company (LLC). But, I am going to to benchmark it to be $300. This can vary SIGNIFICANTLY from state-to-state and county-to-county.
BOOKKEEPING BASICS LICENSE
BOOKKEEPING BASICS SOFTWARE
fancy pants computer safety software (like disk encryption, password management)…this runs about $185.Don’t start a bookkeeping business without it! But, just in case, you MUST have this insurance. Just like any other insurance, you hope you never have to use it. What exactly is errors and omissions insurance? Well, in case something goes awry, you commit an error or you omit ~ forget to do ~ something, this is your saving grace. Errors and omissions insurance downpayment around $200.QuickBooks Online® (your go-to bookkeeping software) certification to show your clients you are a bookkeeper-bad-ass.You can also use WordPress if you need more flexibility. This cost estimate is for stock photography and the actual platform like Wix or Square Space. do-it-yourself website, around $100…it’s mainly your time and effort.website domain name and hosting to get started, $50.office supplies (ask Dwight Schrute for a deal, but they might run $100).business name (it doesn’t have to be a great business name, e.g.business cards (even though you hand them out on rare occasion), $20.cloud-based bookkeeping software and accounting software necessary to start your bookkeeping business (and run it.)īeyond these three key items, here are the other startup costs you can expect when you start a bookkeeping business:.This is a virtual bookkeeping business, so you will definitely need: Starting your bookkeeping business costs a lot less than you might expect.Īnd remember bookkeeping is the #1 most profitable business.