Bookkeeping includes the documentation, storing and recovering financial activities for a business, nonprofit organization, self-employed individuals, etc. Now, the question is how to start a bookkeeping business these days. It is one of the questions that is asked pretty much everywhere. We all know that bookkeeping clerks or the bookkeepers, usually are accountable for all of an organization’s accounts matters that are known as the general ledger. So, examples of bookkeeping tasks would include the billing for goods sold or services provided to clients, recording receipts from customers, and checking and recording receipts collected from suppliers.

Is Bookkeeping business profitable?

Yes, it is profitable. Part-time bookkeepers earn up to 20$ per hour depending upon the location. Whereas the current normal full-charge bookkeeper’s salary varies between $35,000 to $55,000 yearly and also the benefits and overhead, depending on your current location.

These days bookkeeping is done with the use of computer software. There are plenty of free and paid software available for record-keeping. What are the requirements to start this business? Accountancy and bookkeeping mainly require knowledge of debits and credits and a basic understanding of financial matters. These include the balance sheet and income statement and the tax returns etc.




Accounting Software

Importance of bookkeeping cannot be ignored. If you are a small business proprietor, you either have to set up your own accounting system or you have to appoint someone to set it up for you. One key advantage of bookkeeping is that it guarantees that you’re adhering to your legal responsibilities in keeping accurate and up-to-date financial reports for your business.

How to Start a Bookkeeping Business?

Well, we shall be discussing this in details but here are the 4 steps to start this venture!




Bookkeeping business Plan

If you further want the breakdown here are the steps.

  1. Become a Certified Bookkeeper.
  2. Create a Business Plan.
  3. Incorporate Your Bookkeeping Business.
  4. Set Up Business Operations for Your Bookkeeping Business.
  5. Get the Right Accounting Software.
  6. Fund Your Bookkeeping Business.
  7. Set Up a Home Office for Your Bookkeeping Business
  8. Market Your Bookkeeping Business

Once you are done with the above steps, you are good to go. We are here helping you with a few things. First is choosing a great business name for your startup. And the second is a good business plan!

Let’s start with the first one.

Bookkeeping Business Names Ideas

Able BookkeepersBookworthyPride Books
AccountAbleDirect TaxPrime Books
Accounted ForEasy booksPristine bookkeepers
Accounted for AccountingElegant bookkeepingPaper Books solutions
Accounting CreationsElite BooksProtectors of Books
Accounting KingEmpire Star BooksQuality Books
Accounting SolutionsErudite bookkeepersRapid Recording
AccountkingsEvery Penny AccountsReady Recorders
AccounTrustExcellent BooksReady Records
Accounts to CountExpert BooksReal Bookkeepers
AccuBooksFavored FinancialReceipt Record
Accurate Accounts Inc.Figure It OutReceipts Received
Accurate BookkeepersFirst Choice BookReceivables
Accurate Paper SolutionsFirst FinancialReceived Receipts
Ace BookkeepersFiscal YearRecord Accord
Achievable ReceivablesForemost FinancesRecords Kept
Active AccountingGo FigureRedline Bookkeepers
Assurance PapersGuarantee book keepingReliable Bookkeepers
Assurity BookkeepersH&H AssociatesRetained Returns
Balanced BooksHappiness PapersRoyal Bookstore
Balanced BooksHassle-free BooksSafe Haven bookkeepers
BARQHonest Book keepingSafe keepers book keeping
Basic Paper StoreHonestBooksSafeBooks
Bean CountersiFinanceSafety In Numbers
Best BookkeepersImmaculate Paper solutionsSales Recorders
Best Kept BooksImpeccable bookkeepingSales Solutions
Better BookkeepersIn the Black BookkeepersSatisfaction Solutions
Better Stationery ServicesIt All Adds UpSecureBooks
Beyond Stationery StoreKareful KeepersSecured Stationery
Book BalancersKeep CountShelf Shack
Book Collectors UniteKeep ProsShelf Sisters
Book KeepersKeepers KeepingShelf Station
Book MastersKeeping KingdomShelving Shack
Book SecureKeeping KingsShelving Sisters
Bookers' BargainsKeeping KontactShelving Station
Booker's PriceKeeping PagesStandard Stationery
BookkeepersKeeping PromisesSuccess Stationery
Bookkeepers and MoreKeeping QueensSuper solutions
Bookkeepers SolutionsKeeping up with the BooksSuper Savers
Stationery 4 YouKooky KeepersSuper Shelvers
Stationery with UsLedger CountsSuperb bookkeeping
Stationery BuddyLedger LoveSupreme Books
Books for EngineersLedger MatchTally Ho Co
Stationery for BusinessLibrary LaneTally in Time
Stationery KingdomLibrary LeadersTally On
Stationery KingsLibrary LoversTax Evolution
Bookkeeping PlusLiterature LeadersTax Specialists
Stationery for ProsLiterature LoversTax Tracker
Stationery QueensLiterature SaversTerrific Totals
Books SolutionsMade and PaidThe Account Masters
Bookkeeping uncensoredMasters of the BooksThe Account Pros
Books unlimitedMed MaxThe Accounting Assets
BookKingsMedaccThe Adding Machine
BookmindersMeticulous booksThe Blank Page
BooksafeMind Your AssetsThe Book People
BooksAgainMoreBooksThe Bookies
BookSaversMy Brother’s BookkeeperThe Paper Business
BookUpNational BookStoreThe Stationery Desk
BookwordNot Your Average AccountingThe Stationery Experts
BookWorksNovel NoobsThe Bookkeeping Pros
BookWorthyNovel ProtectorsThe Stationery Trust
Bottom Line AccountingNovel SaversThe Experts
Bottom Line BookkeepersNumber CrunchersThe Finance Guys
Bustling BooksOnTrackThe Honest Ledger
Busy Bee BooksOptima Books & MoreThe Number Plumber
Busy BookkeepersPage PalsThe Payroll Doctor
Calculations and PapersPage PeopleThe Sharp Edge
Choice StationeryPage ProtectorsThe VAT Lady
Classic bookkeepingPage SaversThe White Page
Clean BooksPaper Pushing BookkeeperTopnotch books
Common Cents StationeryPayable PromisedTotal Bookkeepers
Conscience bookkeepingPayment PlansTotally Booked
Correct bookkeepersPerfect BalanceTracked Transactions
Count AccountPerfect Stationery SolutionsTransCount
Count KeepersPlanned PayTransKeep
Count On MePositive Paper solutionsTransparent bookkeeping
Count On UsPrecise booksTrust the Total Bookkeeping
Count the BeansPremium bookkeepingTrusted bookkeeping
Counting Corp.Prescriptive PayrollTrustworthy Bookkeepers
Turned PageUnlimited StationeryTurn the Page
Turning PageUpgraded bookkeepingUpright books Store
United BooksUpKeepBooksVerity books

Business Plan for Bookkeeping!

If you are looking for a perfect plan, then have this one. Focus on one step at a time. Strong plan means greater success in execution.

1. Executive Summary
             1.1 Objectives
             1.2 Key to Success
             1.3 Mission
2. Company Summary
             2.1 Company Ownership
             2.2 Start-up Summary
             2.3 Company Locations and Facilities
3. Products
             3.1 Product Description
             3.2 Sales Literature
4. Market Analysis Summary
             4.1 Market Segmentation
             4.2 Target Market Segment Strategy
                       4.2.1 Market needs
             4.3 Industry analysis
                       4.3.1 Competition and Buying Patterns
                              4.3.1.1 Competition
                              4.3.1.2 Buying Pattern
5. Strategy and Implementation Summary
             5.1 Competitive Edge
             5.2 Sales Strategy
                      5.2.1 Sales Forecast
6. Management Summary
            6.1 Management Team
            6.2 Management Team Gaps
            6.3 Personnel Plan
7. Financial Plan
            7.1 Important Assumptions
            7.2 Projected Cash Flow
            7.3 Key Financial Indicators
            7.4 Break-even Analysis
            7.5 Projected Profit and Loss
            7.6 Projected Balance Sheet
            7.7 Business Ratios

Again, let us remind you of one thing. Take one step at a time. Rome wasn’t built in a day!




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