How to Become a Bookkeeper A Complete Guide

The Intuit Tax and Bookkeeping Talent Community is a great place to find remote bookkeeping jobs and access training material. In 2022, TurboTax helped more than 50 million taxpayers process $82 billion worth of returns. Demand only continues to rise, and the industry needs more qualified professionals who want to leverage their tax knowledge to earn income while working from home. Any business owner or entrepreneur wanting to simplify things and make them more convenient shouldn’t hesitate to go digital and paperless.

Choose Your Business Structure

This means you won’t have to spend as much time marketing yourself or building your client base from scratch. Instead, you can leverage Intuit’s brand name, resources, and support to fast-track your success and build a tax business quickly. While Equivity offers a fairly robust bookkeeping package, they don’t use their own software. If you sign up for Equivity, your virtual bookkeeper will use QuickBooks, or another off-the-shelf accounting app, to manage your bookkeeping for you. You’ll need to learn how to use this software in order to help categorize transactions or enter transactions manually. The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners.

Personal Trainer

• We use product data, strategic methodologies and expert insights to inform all of our content and guide you in making the best decisions for your business journey.
• With many add-ons, the Bookkeeper360 platform is highly customizable and can take on most of your back office duties.
• Also, you don’t need a degree, plenty of experience in the field, or a bunch of money to become a successful bookkeeper.
• Understanding your company’s financial position is integral to its success.
• If you’re passionate about helping families prepare for the worst-case scenario, then you may be highly fulfilled working as an independent life insurance agent.

Virtual bookkeeping involves providing a way to access data for important folks in your client’s organization. In a typical work week as a virtual bookkeeper, you can expect to work virtual bookkeeping services … as much or as little as you want. While you can do your own books with paid or free bookkeeping software, you won’t get very much out of it if you aren’t well-versed in finances.

• Every day, hardworking individuals choose to step away from their employers and start their own companies.
• Read the statement, address any discrepancies, and use it to understand your business’s financial health better.
• By keeping a real time accounting of all the cash flows of a small or medium sized business in White Plains bookkeepers are an invaluable and cost-effective addition in that respect alone.
• Katherine Haan is a small business owner with nearly two decades of experience helping other business owners increase their incomes.
• Set up separate accounts for your business, just like you’d want your clients to do.

Get a Head Start on Your Accounting Workflows with This Free Resource

• So, let’s dive into the essential steps you need to take to successfully sell your business and maximize its value.
• But as your business grows, you’ll need more team members to support your clients.
• Business owners are all too familiar with the hassles of trying to organize and correctly put together their records at tax time.
• Additionally, business credit cards often come with rewards and perks that can save you money on business expenses.
• Approaching clients and issues with these values in mind can keep your firm providing quality assistance uniformly regardless of where people work.
• We have partnered with the most trusted insurers to help small business owners like you get the right coverage for your business.

Make sure that your website offers all of the information that your potential clients may need. Many bookkeepers prefer to form limited liability companies (LLCs) to limit personal liabilities and enjoy the benefits of flexible management structures and taxation options. A guide to help you work through the big decisions around starting a bookkeeping business. Work through the big decisions around accreditation, services to offer, fees to charge, and how to find clients. In fact, all you really need are decent computer skills and a passion for helping business owners tackle real-world problems. Taking the effort to understand what virtual bookkeeping is and how it works will help you start an excellent business.

Networking with potential clients and partners

• Primarily, you should purchase items, such as dog treats and waste bags, so that you are prepared for any situation.
• This start-to-finish course is designed for beginners in mind, and will give you the confidence and skills required to launch your virtual bookkeeping business.
• To have a complete setup, a mobile pet grooming van may cost anywhere from $10,000 to $100,000.
• To help ease the process, I’ll show you how I run my virtual bookkeeping service and explain what to look for in these services, so you can make the best decision possible.
• You should consider the licensing fees when deciding where to locate your virtual bookkeeping business.
• Make sure you have time to complete the invoicing each month if you decide to bill hourly.

Some business owners dive in headfirst without looking and make things up as they go along. Then, there are business owners who stay stuck in analysis paralysis and never start. Perhaps you’re a mixture of the two—and that’s right where you need to be. The best way to accomplish any business or personal goal is to write out every possible step it takes to achieve the goal.

OUR VIRTUAL BOOKKEEPING TEAM

If you possess strong math skills and keen attention to detail, you could thrive as a tax preparer. High technology like cloud-based accounting software, payment mechanisms etc. You need to purchase a reliable bookkeeping business software solution to stay on top of your client’s bookkeeping and manage workflow. Also, a quality video conferencing platform is a perfect way to conduct meetings and interviews. However, coming up with a name idea isn’t enough, because you must ensure that no other businesses are using the same name. Otherwise, companies could file charges, which no business owner wants to deal with at the beginning of their journey.

Now that you understand how to become a bookkeeper, you are ready to get started on your new path. Whether you are already in the bookkeeping field or just starting out, this guide can help you determine your next steps. Your Intuit Certified Bookkeeping Professional badge can be used to show any employer or client that you have an understanding of bookkeeping and accounting. It also opens up the possibility of becoming a remote QuickBooks Live bookkeeper with Intuit.

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You don’t need to have years of experience as a practicing bookkeeper to start your small business. We have partnered with the most trusted insurers to help small business owners like you get the right coverage for your business. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided. Designing your bookkeeping business around a specific type of client or your strengths can be a successful way to go.

Let’s Get Started ????

Capturing a niche isn’t all about offering the right bookkeeping services. It might be about relating to where they are in their business journey and striking the right tone. Once you know who your audience is, you can start on the channel they spend the most time on. For example, if you offer family or individual accounting, Facebook may be your best channel. If you only work with small business owners, LinkedIn may be a better fit.