Home Business Bookkeeping Software
March 20th, 2010 | 
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Question: How can you start a bookkeeping business from home ?
I am currently attending a community college taking bookkeeping and computerized accounting . I would like to start my own business and contract with small business owners in my area. What exactly will I be doing as a freelance bookkeeper ? (please be specific) Is there a need for this type of service ? How much should I charge ? What software do I need ? Do you need a college degree in accounting to start a bookkeeping business ?
Answer: I am currently starting a bookkeeping business. Here is what I recommend to get started.
First of all you need to know what you are doing. You stated that you are taking some courses - that is good. I recommend at least one basic accounting course to learn about posting and debits and credits. If you plan to do payroll and payroll taxes Payroll Accounting is a must. Also, Excel and QuickBooks for computer programs.
I recommend becoming a QuickBooks Pro Advisor. Included in the cost you get educated about QuickBooks, software and support. Also, you get listed on their website so people can find you.
Yes there is a need for this service. You can do:
Accounts Receivable (billing and receiving payments)
Accounts Payable (paying the bills)
Payroll
Payroll Taxes
Sales Taxes
Bank Recs
Data Entry
New Business Start-Up (applying for tax numbers, etc.)
QuickBooks Training and Set-Up (if ProAdvisor)
I would charge 2 1/2 times what you could get a job doing bookkeeping for. So if bookkeepers are making $10.00 then charge $25.00. Why? Because you will have expenses such as office supplies, office equipment, advertising and don't forget self-employment taxes.
I highly recommend Excel and QuickBooks.
I have a two year degree in computer information systems. I had some accounting also. I have seven years of bookkeeping and office management experience. My husband has owned his own business since 2000 so I also do his bookkeeping. I have worked as a staff accountant for a CPA firm for the past year. You don't need a degree - you just need to know what you are doing. A few classes can get you started. Or you may want to consider working to get some more experience.
I would suggest checking out Amazon.com and purchasing a book on starting your own bookkeeping business to get some more ideas.
Good luck!
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Tags: business, finance, home business bookkeeping software, money, software, tools