What is Bookkeeping? – How to Start a Bookkeeping Business?


Are you numerically oriented? If your personality is numeric, digits, or figures oriented, you love playing and working with numerals and spreadsheets. You can capitalize on your talent and skills to earn money while being at home.

Become a bookkeeper! That is a straightforward and flexible option to earn money while creating your work schedule with full-time management autonomy.

Once you have decided to become a bookkeeper, consider your talent, interests, and personality compatible with numerals. Now, consider what you are required to be and have to have.

Requirements to become a bookkeeper.

  • You need to be an organized and detail-oriented person.
  • Laptop or desktop computer with the latest operating system
  • Bookkeeping software to get started
  • A reliable and fast internet connection

To get started, you may not be required to have a university degree in accounting. Still, you must understand bookkeeping and hunger for undertaking real-world accounting issues and an assurance of being precise and exhaustive.

Through this article, you will understand the following in sequence respectively;

  • What is a bookkeeper you are required to do?
  • What training do you need to have?
  • How do you work while being at home as a bookkeeper?
  • What range of money can you earn in a month?
  • Where can you find remote bookkeeping jobs?
  • Conclusion

 

What is a bookkeeper you are required to do?

Each business must track its income and outflow, balance stocks or inventory, and manage staff payroll. The exciting part of such tasks is that they translate to every industry or sector, whether service or manufacturing, local or international. Remember that bookkeepers should work with and for dissimilar customers and clients, such as small businesses, charities, Non-governmental organizations, Fortune 500 companies, and bloggers.

What is bookkeeping?

Bookkeeping is the process of business accounting based on recording financial transactions. Transactions include sales, purchases, payments, and receipts by a person or an organization/firm/corporation.

What does a bookkeeper do?
Bookkeepers record all transactions, post debits (costs), and credits (income). They also produce financial statements and other reports for supervisors and managers. Bookkeepers do the following tasks:

  • Balance of receipts and income
  • Managing organizational payroll
  • Upholding the general ledger
  • Managing inventory
  • Revenue recognition
  • Managing accounts payable and receivable
  • Bank reconciliation and Bill Payment

How to become a bookkeeper?

To become a bookkeeper, you can have a university degree in accounting, business administration, or a related field if you want to join any company you wish as a bookkeeper. However, you don’t need any specific qualifications to become a bookkeeper, and you don’t have to be a Certified Public Accountant (CPA).

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Allied knowledge and education with balancing company books and budgets may help you stay on or choose the right track.

Don’t worry!

  • Nevertheless, alternatively, a choice is to join a “bookkeepingDon’tning course” that will help you launch your own business.” Thorough research and su” find a comprehensive training course. A training course will teach you the required and relevant bookkeeping skills and how to establish a business, catch clients, and make them satisfied and happy.
  • Additionally, familiarize yourself with Quicken, QuickBooks, and Xero accounting software. Nearly all bookkeeping software is included in bookkeepingQuickBooks courses, which will benefit you in getting started.

In organizations, all bookkeepers fall under the umbrella of accounting, but they can have dissimilar accountabilities and responsibilities. They are needed to focus on everyday routine operations; likewise, income and expenses, bill payment, inventory, tracking, etc., will require accuracy, precision, and thoroughness while managing a business’s financials.

How much do bookkeepers make?
Bookkeepers in the US cbusiness’som $22K to $110K per year. They can earn from $12 to $26 per hour. Bookkeeping salaries vary depending on the individual’s education, employer, level of experience, and location.

Where individual’s remote bookkeeping jobs?

There are several options to find bookkeeping jobs If you’re prepared and equipped to do bookkeeping jobs while being at home as ayou’reeeper. You can reach out to the organizations you have worked with before because they might have new openings for remote bookkeepers and recruiting new bookkeepers.

You can open the websites from the following list we have made for new remote bookkeeping job seekers. Nonetheless, a few of them ask for prior experience. Remember that all of these organizations recruit bookkeepers as full-time employees, yet they do have work-from-home opportunities.  

AccountingDepartment.com

Do you see a work-from-home job with benefits on a full-time basis? Then do check out www.accountindepartment.com. This organization has all virtual employees and offers advisory services, controller, and bookkeeping jobs. This organization requires all employees should be based in the United States as some office work and travel may be required. This company prefers at least two years of experience in bookkeeping. This organization focuses on creating and maintaining a work-life balance for all of its workforce and aiding their personal and professional development. To know about current vacant positions, you can check out through the following link:

https://www.accountongdepartment.com/career

Belay Solutions

Baley Solution is an Atlanta-based organization that operates in almost 48 states in the United States. This organization hires employees for dissimilar positions, such as virtual bookkeepers, virtual assistants, and web specialists, to aid big businesses and facilitate their growth.

This organization requires at least 5 years of experience for virtual bookkeeping positions from new candidates interested in these types of jobs.

By clicking the following link, you may have access to the current opening at Belay Solutions: https://www.belaysolutions.com/jobs/.

Bookminders

“Bookminders” was established in early 1991 and cost-effectively provides” bookkeeping” services for non-governmental organizations and low-volume businesses. Bookminders hire individuals in bookkeeping as accountants who are interested in working remotely from home and want to enjoy an improved work-life balance.

This company hires accountants on a full-time and part-time (work-from-home) basis. Blueminders prefers individuals with at least five years of five accounting experience and a university degree in the same field.

This company also prefers individuals who reside in the vicinity or close to its physical office. They operate in different States, such as Baltimore, Philadelphia, and Pittsburgh. They also require individuals to have laptops, home office spaces, and transport for local travel if required.

If you would like more information about the current openings, job specifications, and description, or if you would like to apply for the vacant position, click the link below: https://www.bookminders.com/careers/our-process.

You want more!

ClickAccounts

This company offers its bookkeeping and accounting services to small —and mid-sized organizations. It works as a BPO (business process outsourcing) in various parts of Asia and California with its virtual team.

Bookkeepers and accountants work in collaboration with a company’s “click accounts” accountants, controllers, CPA, and CFO. This organization’s services include Accounts receivables, Accounts payable, bank reconciliation, and transaction of various entries. This organization also offers bill payment services, handling revenue recognition, depreciation, income, and balance of all income and receipts.

You can send your resume to career@cliackaccounts.com directly because this company is not used for advertising positions, but they look for talented and experienced individuals to get hired.

FlexJobs

This online job site focuses on flexible and remote jobs in numerous diverse domains, including bookkeeping. Managers at this organization scrutinize all the job listings and verify their legitimacy.

This platform will help you explore a flexible, remote position that suits your qualifications and experience.

Good News!

This site’s officials arrange one-on-one career coaching sessions with the candidates to review their resumes, proficient skills tests, and work search checklists. Full-time, part-time, flexible, or telecommuting and freelancing bookkeeping positions can be found. You can open the site to have information about current vacant positions by clicking the link below;

https://www.flexjobs.com/jobs/bookkeeping

SimplyHired

This is another job marketplace available online. You can find a variety of jobs that are similar to virtual bookkeeping. These jobs can be full-time, part-time, or freelance. It would be best to create a profile after signing up and then upload your detailed information to get started.

This site also provides information on domestic and national compensation (salaries) and information about the organizations that can help you apply a decision. Click the link below for available positions.

https://www.simplyhired.com/search?q=work+from+home+bookkeeper&job

SmartBooks

This company deals especially with small businesses and organizations and offers services to fit their requirements and cost—thiss compacincludeare accounting, bookkeeping, payroll, tax, ces, and company resources.

This organization offers its employees flexibility, liberty, and the skills to work from home. You can also be eligible to access medical facilities and benefits after retirement, paid time off, and a monthly home-office stipend. Click the link below for more information related to available positions: https://smartbookscorp.applicantpro.com/jobs/.

Be your boss (Start your own business)

Don’t underestimate yourself!

You can launch your private bookkeeping business. Don’t you wish to be your boss? Unlike conventional bookkeeping jobs, you decide how to set up a structure and the processes to work from home.

You must learn how to start and run your business and find the clients. Eventually, having your own bookkeeping business means a much-advanced earning perspective. 

Nevertheless, you might not have the safety net routine paychecks and possible outcomes (benefits) like health insurance, leaves, and retirement. You will be required to pay your taxes on your own.

The requirements of starting your business will remain the same to manage the finances of your clients, such as;

  • Work-space with a computer
  • Reliable fast-speed internet connection
  • Accounting and bookkeeping software
    • QuickBooks and Xero (these are two popular options)

A training bookkeeping course will help you learn how to start a bookkeeping business. If you have your own bookkeeping business, you may have your challenges, and the proper can help you understand the ins and outs.

You can build your business website to market your services and display them to your prospects to help them. You can include certifications, experience, and a list of current and past clients and their testimonials on your website.

How to Work From Home as a Bookkeeper

As a bookkeeper, you will organize the organization’s payroll, bank reconciliations, accounts payable, and accounts. As an assignee, you may also provide financial reporting for churches, businesses, and non-profits.

Work-from-home bookkeeping is considered the best option for individuals with some previous experience. Many organizations hire bookkeepers to work from home full-time or part-time because they want previous experience.

If you haven’t had experience in bookkeeping before, consider doing a job in an office to learn the basics. You can also take a bookkeeping training course to comprehend the basic principles and rules, as there is no substitute for actual experience.

 

What range of money can you earn in a month?

More than a few aspects are involved in the question of “What range of money you can earn in a month” as a bookkeeper through remote work. According to ZipRecruiter, the “average earning is $28/hour, while the earning can range from $7 to $62 per hour. But if you have your bookkeeping experience in a business/firm and are rich, expire your rates rather than working for a company and getting paid the salary or per-hour rates.

Certified bookkeepers (CPA) can earn a higher salary, and the average salary of CPA bookkeepers ranges between $65,014 and $122,500 per year.

The Bottom Line

If you are interested in working from home and have a passion for numerals, becoming a bookkeeper is a perfect option. There are several possibilities and opportunities to earn money while appreciating the liberty and freedom of a flexible work plan.

Almost all the fields or industries must have bookkeepers and accountants, which means this position is in demand and has an excellent long-term employment outlook. If you already have experience as a bookkeeper, this can make it easier to secure a remote job with a reputed organization.

However, it might be you do not have work experience or wish to launch your own business. If this is the situation, you can have a bookkeeping training course to teach you bookkeeping principles and how to find possible clients to go out on your own.

 

Daniel Smith

Daniel Smith

Daniel Smith is an experienced economist and financial analyst from Utah. He has been in finance for nearly two decades, having worked as a senior analyst for Wells Fargo Bank for 19 years. After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management. At Nimblefreelancer.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification. Read more on Daniel Smith's biography page. Contact Daniel: daniel@nimblefreelancer.com

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