October 3, 2022
bookkeeping

How to get a bookkeeping job from home

Do you know what a company must have? someone to handle the books! That someone could be you if you’re a person who values structure and has reasonable math abilities. Bookkeepers are always in demand, and bookkeeping itself is frequently something that business owners lack the time or confidence to accomplish. I’m not kidding when I say that bookkeeping can be a lucrative business.

Virtual bookkeeping positions are prevalent yet frequently disregarded. Many people don’t believe they possess the qualifications needed to obtain employment. Despite being closely related to accounting, bookkeeping jobs are frequently regarded as entry level. Most of the time, a degree is not necessary.

HAVE EXPERIENCE IN BOOKKEEPING OR LEARN IT.

Even though you can start a bookkeeping firm with no prior expertise, having experience in a position that deals with money is unquestionably advantageous. Having experience in either small-scale accounting or serving as a company’s controller would be very helpful in obtaining customers for your own business.

Have no prior experience? That’s alright too! Despite the comparatively low initial expenditures, you can still embark on this career path. For bookkeeping continuing education classes, check out the local community college or look into online options. An excellent way to begin working as a virtual accountant is through Bookkeeper Launch: Ben Robinson offers to teach you the skills you need to start bookkeeping from home and build a profitable business as you go through three classes that are completely free!

REGISTER AS A BUSINESS.

When handling someone else’s money, it’s extremely crucial to conduct your business right from the start. Either as a DBA (“Doing Business As”) or another sort of business entity, such as a Limited Liability Company, you must register your company with your state. While operating your bookkeeping business as a sole proprietorship is certainly an option, protecting yourself by forming an LLC can prevent you from being held personally accountable in the event that your company is sued.

The costs associated with registering a company differ from state to state. The majority of states allow filing for $150 or less. You can file that papers with the aid of IncFile.

PROTECT YOURSELF.

You should put safeguards in place before starting your firm. For any paper correspondence, keep it in a P.O. box so you can manage who sees your home address. However, you aren’t permitted to list a P.O. box when selecting a Registered Agent for your company with the state; in that case, it may be useful to retain expert Registered Agent services from businesses like Northwest Registered Agents to preserve your privacy.

As a bookkeeper, you deal with the private and sensitive information of others, so you should seek insurance to safeguard both you and your business in the event of errors or disasters. Consider purchasing professional liability (errors and omissions) coverage, precious papers and records coverage, business liability coverage, data breach coverage, etc.

DECIDE WHO TO SERVE.

The following advice came from Bookkeeper Launch’s Ben Robison:

Concentrate on one or two specialized industries. Serve companies that you are drawn to and enjoy. You can have prior professional expertise that might help you attract new clients and provide them with excellent service.

“Avoid committing yourself to a specific region. Serve customers anywhere in the world. You must set up your company in a very specific way in order to accomplish this. Also, avoid doing ANY job at a client’s workplace. This merely confines you geographically and destroys your ability to make money.

“Be judicious in who you serve, is my last piece of advice. Most people who launch their own bookkeeping company are overly enthusiastic and take on any client. Avoid making this error. Never be scared to decline a client if their personality doesn’t mesh with yours. Later on, you’ll be glad you did it.

REASSURE YOUR CLIENTS.

You must provide your clients the assurance that their private and personal information is being handled with the highest security and secrecy, even if you are a purely virtual bookkeeper. You must reassure your clients that you are actively and meticulously protecting their data when you operate from home. The ideal method to do this is to have a dedicated home office with a locking door (restricted access). If you don’t have the room for this, try to get a desk with secure drawers where you can save tangible documents. Additionally, be sure that only you can access your computer and that it is password-protected.

Use top-notch bookkeeping tools as well. The most important tool and the center of everything you will accomplish for your client, according to Ben’s instruction to his students, is a bookkeeping program called Freshbooks.

There are various different tools you may use that will set you apart as an excellent bookkeeper depending on the sort of customer you serve. One of the cool things about running your own bookkeeping firm is that there aren’t many expensive or necessary tools.

ESTABLISH A WEBSITE.

Make sure your website is appealing and professional before you begin courting clients. To accomplish this, you also don’t need to be very tech-savvy or spend a lot of money. Use a platform like Wix or Squarespace to easily create attractive websites, or install WordPress on her personal website domain. WordPress is a fairly simple platform to understand and comes with a ton of simple, cost-free layouts that you can modify to suit your business needs.

Your website should, at the at least, advertise your services, provide some history on your expertise and qualifications, and provide contact information.

DECIDE ON A FEE STRUCTURE.

I am aware that beginning your business might be one of the most difficult phases. What are your fees? Do you run the danger of overcharging and losing clients? Or do you run the danger of undercharging and overworking yourself as a result of your fear of placing a value on your time?

There is just no set amount that you must charge. The best advice I can give is to research the market and make an informed choice. According to Salary.com, the typical hourly pay for bookkeepers working as regular employees is about $19.63. Ben shows his students how to become home-based bookkeepers and make up to $80 per hour.

SPEND SOME TIME ON MARKETING AND ADVERTISING.

You should print some business cards as soon as feasible for in-person marketing. Having pre-made business cards might be helpful when you attend industry mixers or conventions, even if you aren’t going door to door soliciting clients. (Those activities aren’t required, but they can help you network and gain new knowledge.) Printing pamphlets to leave with nearby companies might also be quite beneficial.

You can use targeted ads very effectively if you’re solely providing your bookkeeping services online. Utilize your advertising spend wisely by targeting particular demographics using Facebook’s very precise ad offerings. Visit free online communities where your target audience hangs out. You can also conduct guest articles on their favorite blogs or connect with them on Twitter or Instagram. (You might be able to buy ad space on such blogs as well.) Your main source of income will come from small firms, so don’t forget to personally contact them.

CONTINUE LEARNING AND EXPAND YOUR OFFERINGS.

Continue your education and think about adding other services as your clientele grows and you become more at ease running your bookkeeping firm. The number of ways you may add value to your business goes on and on. In addition to basic accounting, you could provide packages that include handling your clients’ payroll, managing their business tax filing, assisting new enterprises with financial planning, and lending packages. Additionally, any time you add a service, reviewing your pricing strategy and pitch those new packages to your clientele is a wonderful moment. Increasing the breadth of your product offers is another effective strategy for luring new customers.

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