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How to Start a Virtual Bookkeeping Business

virtual bookkeeping business

In the United States, there are over 170,000 job openings for bookkeepers and accounting clerks. This means bookkeepers are in high demand, especially since more and more companies are fully remote.

From writing a business plan to creating an online presence, consider this your bookkeeping guide on starting your own business in a simple, hassle-free way.

Keep reading to learn how to start a virtual bookkeeping business and set it up for success from the very beginning.

Best Tips to Start a Virtual Bookkeeping Business

Make a Business Plan

Starting a virtual bookkeeping business begins with a business plan. Consider this your bookkeeping guide to business success that’ll help you set goals, budgets, and tasks. Your business plan should also contain your marketing activities and channels. Also, list the steps to finding new clients, and how you plan to get funding.

Register Your Business as a Legal Entity

Once you have a business plan, it’s time to register your business as a legal entity and get an EIN number. Depending on your state, the procedure for business registration will require different documents and application forms. Most bookkeepers are registered as LLCs to avoid personal liabilities.

Create a Website

Creating a website is one of the most important business bookkeeping tips you can follow. Since you’ll be working exclusively online, you need to have a website. This is also a great tool for booking new clients without having to actively search for them.

You don’t need something fancy and expensive. A simple, clean website with all the relevant information about you will suffice in the beginning.

Decide Which Services and Packages You’ll Offer

Before you officially start a virtual bookkeeping business, you need to define the types of services or packages you’ll offer. You should also set your prices and rates to make sure you stay profitable.

Will you be working with hourly rates or fixed prices for a monthly package? Do you offer 1:1 consultations or only offer general services like invoicing, bookkeeping, payroll, and account management? These questions will help you decide which services fit your business model best.

Start Reaching Out To Potential Clients

Now that you’re a registered company and have your own website and service packages, it’s time to start looking for clients. Aside from cold calling and emails, you can also sign up for a top talent freelance platform here: https://freeup.net/hire/bookkeeping/.

All you need to do is create a profile, and list your work experience, services, and rates. Then you can start sending applications for jobs through the system.

Learn How To Start a Virtual Bookkeeping Business With These Simple Tips

Whether you’re an experienced bookkeeper or starting your first business after college, these tips will teach you how to start a virtual bookkeeping business from scratch.

From registering a company to defining your best services, working as an online bookkeeper is a lucrative opportunity that’ll set you up for financial success.

Discover more business growth tips and articles over on our blog where we share the best advice on building your own business and getting it off the ground.

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