A good setup will ensure that you appear professional to future clients. Plus, it will allow you to focus on the work you love – bookkeeping – rather than repairing issues in the foundations of your business. Share profits from processing fees construction bookkeeping and earn money while providing top-notch payment services to your customers. Let’s walk through the process of marketing your bookkeeping firm. From the get-go, it’s important to keep your business money and your personal money separate.

• Bookkeepers who are qualified, who know the software inside and out, but never had the time or opportunity to really understand marketing, HR or business administration.
• While many bookkeepers work for other companies, there’s potential to freelance with this career option.
• PayScale, a site that tracks salaries and rates, puts the average hourly rate for a bookkeeper around $17 per hour ($10 on the low end and $24 on the high end).
• And please, upload a professional-looking headshot on LinkedIn.

Join our Sage City community to speak with business people like you. It’s important to do your research before starting out so you’re clear about the path you want to follow and the goals you’d like to achieve. That means you can work with your clients in real time to go over their bookkeeping and highlight any queries with ease.

Business

Bookkeepers create financial statements and other reports each month that business owners use to see where the company is generating profits. Your workload will turnover each month, so think hard about how many clients you want to work with to suit your lifestyle. A business bank account keeps your personal finances separate from your business finances. For LLCs and corporations, keeping separate finances is essential for maintaining liability protection. To open an account, LLCs and corporations typically need to bring to the bank a copy of their articles, their operating agreement or bylaws, and their EIN. However, the limitations and risks of these business structures quickly become more apparent as your business grows.

Even if you haven’t started making money yet, it’s important to set up that bank account so it’s separate from your personal finances and ready to go once you do start bringing in the cash. A nice one-two punch to help automate accounting and bookkeeping https://www.bollyinside.com/featured/the-primary-basics-of-successful-cash-flow-management-in-construction/ services is to use cloud software coupled with an expense management app. If you plan to run your bookkeeping business or accounting firm off of Xero, then Xero Practice Manager could be worth looking into as it integrates very well into it.

LLCs & Corporations

Starting a bookkeeping business from home will involve some standard start-up costs. The primary costs involved in the business are registration costs, legal filing, and some marketing. You can easily start a bookkeeping business from home with your little savings. Like any other business, an attractive name for a bookkeeping business goes a long way to not only fetch new customers but also help to create a reputed brand in the long term. You can check our detailed guide on how to name a business to learn more. Once your bookkeeping business is underway, you will have to trust that your system will draw clients to you.