How to Start a Bookkeeping Service Business

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How to start a bookkeeping business

We will show you how to start a bookkeeping service business.  See the three steps to your start below.

If you’re the type of person who’s always loved the ins and outs of financial records, can learn computer software easily or know quickbooks, you should find out how to start a bookkeeping service business.

There are 28,000,000 small businesses in the United States – All do Bookkeeping!

How to start a bookkeeping business

How to start a bookkeeping business

To be successful starting a bookkeeping business you will need to have the following 5 skills:

  1. Computer literacy
  2. Financial credibility
  3. Ability to manage others (if you want to scale)
  4. Organization and focus on efficient processes
  5. Trustworthiness – clients need to be able to trust you

If you have these skills, and a passion for your clients, it isn’t too difficult to learn how to start a bookkeeping service business.  Below are the 4 steps to start:

How to Start a Bookkeeping Service Business Step 1: Handle the Official Matters

First, you need to get a business license and file your DBA (Doing Business As), which is going to be your company’s name. While you’re at it, it’s a good idea to join your local Chamber of Commerce. Doing so will help legitimize your company and could bring in customers down the line too.

How to Start a Bookkeeping Service Business Step 2: Get the Tools

The bookkeeping tool of choice is Intuit’s QuickBooks.  Most accountants and small businesses use QuickBooks and it is the gold standard.  If you want to start a bookkeeping service learning how to use and purchasing quickbooks is a must.

The good thing is that QuickBooks is not expensive and it is very easy to learn.

Start a bookkeeping business with Quickbooks

Start a bookkeeping business with Quickbooks

Next setup your systems so that you can offer your service remotely.  This will enable you to scale your business much faster than if you have to go in to clients to get records, bank statements, etc…  Setting up your systems and teaching your clients how to send you information via email, a website portal, Intuit’s portal, or other method will create the margins and efficiencies necessary for you to succeed.

How to Start a Bookkeeping Service Business Step 3: Get That First Customer

Marketing for Accountants & Bookkeepers Video

Getting your first customer could be difficult unless you’ve had previous bookkeeping experience for a company. If that’s the case, this part of learning how to start a bookkeeping service business will be much easier.

The nice thing about becoming a bookkeeper is you don’t need a specific degree or license. Many people have found out they love this business through roundabout means even though they lacked the typical kind of experience.

However, if you don’t have bookkeeping jobs on your resume, it’s natural to expect that a lot of would-be clients will be skeptical until you have a customer under your belt.

If you or your spouse has their own business, offer to handle bookkeeping for them. You could do the same for any close, personal contacts. To assuage any of their concerns, offer to handle them for a month for free, while they continue handling them the way they’re accustomed to. They have nothing to lose and, after a month, you’ll have proof you’re worth hiring.

How to Start a Bookkeeping Service Business Step 4: Market Yourself

With your first customer secured, you can now begin marketing yourself. Ask them for a simple testimonial, a few lines will work just fine.

Marketing Ideas

  • Start a Website Marketing your Bookkeeping Business
  • Create a Business Card
  • Create a Brochure – Hire a copywriter to create a brochure that lists all relevant information about your talents and prominently displays the testimonial about how talented you are.
  • Join the Chamber of Commerce – network with small business who are too busy to keep up with their accounting and bookkeeping.
  • Provide Discounted Services as an Independent Contractor for an Accountant

Now that you know how to start a bookkeeping service business, get started! Once you have that first customer, it should be smooth sailing. The best part is that even when the economy takes a turn, people will be willing to pay for your services to ensure they’re operating well within the law.

Sources & Resources for: How to Start a Bookkeeping Service Business

http://www.aipb.org/newsletter/bookkeeping_tips/starting_your_own_bookkeeping_business.html

http://www.entrepreneur.com/article/65680

 

Let us know if there’s anything we can help you with to start your business.