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How to Start a Bookkeeping Business at Home

How to Start a Bookkeeping Business at Home PhotoBookkeeping is now one of the emerging professions nowadays. According to the US Bureau of Labor Statistics (BLS), data shows that over two million people worked as bookkeeping, accounting, and auditing clerks in the year 2008. And this is expected to increase by 10.3% from 2008 – 2018.

Bookkeepers, also known as accounting clerks or accounting technicians, deal on keeping sufficient records of funds, income and output of companies, as well as financial status of the company they work in. In order to become successful in this field, you must be highly organized and excel in dealing with figures.

You can work as a bookkeeper in the office or in your home. If interested to start on your own bookkeeping business at home, the following may give you some idea on how to start.

Undergo training

It is important to be knowledgeable about the business you want to start. If you have no experience, get a bookkeeping course, this will help you learn more about your desired business. You don’t have to be a professional accountant. What is important is that you have the ability and the skill to be a bookkeeper.

Set-up your business

Completing things you need before you start a business is a very basic and essential thing to do. You can never work without needed office equipment like computer and printer which are the main tools used in this kind of business. Also acquire accounting software like the QuickBooks Pro from Intuit or you can choose other kind of software.

Register your business

There are different rules or laws on different states. It is best to go to your local licensing department like the Department of Commerce and the Department of Licensing to fill out forms and process them for approval.

Locate clients

After applying and processing your necessary papers, you can now find potential clients. You can use a marketing strategy in order to find interested clients. Most of the time, referrals are the most effective way to find clients. Let your family and friends know the business you are starting and ask them to share it to their friends. You can also approach different businessmen in your local area if they need bookkeeping services.

Prepare backup

Always back your files up especially important records. You cannot rely on one computer or equipment to keep all necessary data. Make sure you have an external hard drive where you store your important data safely.

A home-based bookkeeping business is a good way of gaining profits. You do not have to wake up early in order to go to work. You can be your own boss. Nonetheless, never forget that in a bookkeeping business, confidentiality is important.