How to Start a Bookkeeping Business: Step-by-Step Guide

TLDRLearn how to start a bookkeeping business and charge up to $80 per hour. Find out how to set up your business, choose software, find clients, and more!

Key insights

💼Bookkeeping is a low-cost business with high earning potential, charging $40 - $80 per hour.

📚Educate yourself about bookkeeping by taking training modules and becoming certified.

📊Choose the right software for bookkeeping, such as QuickBooks Online or Xero.

📈Market your bookkeeping services by creating a professional website, networking, and word of mouth.

💼Secure your clients by offering specialized services, creating contracts, and maintaining professionalism.

Q&A

How much can I charge for bookkeeping services?

You can start charging $40 to $80 per hour and even more as you gain experience.

What software should I use for bookkeeping?

Popular options include QuickBooks Online and Xero. Choose the one that suits your needs and industry.

How can I find bookkeeping clients?

Network with local businesses, offer your services to friends and family, and market yourself online through websites and social media.

Do I need to be certified to be a bookkeeper?

While certification is not required, it can help establish your credibility and increase your earning potential.

What is the importance of contracts in bookkeeping?

Contracts protect both you and your clients by outlining the scope of work, payment terms, and other important details.

Timestamped Summary

00:00Learn step-by-step how to start a bookkeeping business and charge up to $80 per hour.

00:23Introduction to the speaker, a bookkeeper at Five Points, who loves helping people get organized.

01:01Overview of the first step: deciding on a business name and registering it as an LLC.

02:53Explanation of the licenses and permits required for bookkeeping, including filing the Articles of Organization.

04:38Introduction to bookkeeping software options, such as QuickBooks Online and Xero.

06:41Tips for marketing your bookkeeping services, including creating a professional website and networking.

08:37Strategies for finding bookkeeping clients, such as word of mouth and online advertising.

09:53Importance of ongoing education in bookkeeping and considering specialized certifications.

10:39Advice on setting business goals, saving for taxes, and maintaining client contracts.