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.
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!
If you further want the breakdown here are the steps.
- Become a Certified Bookkeeper.
- Create a Business Plan.
- Incorporate Your Bookkeeping Business.
- Set Up Business Operations for Your Bookkeeping Business.
- Get the Right Accounting Software.
- Fund Your Bookkeeping Business.
- Set Up a Home Office for Your Bookkeeping Business
- 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 Bookkeepers||Bookworthy||Pride Books|
|AccountAble||Direct Tax||Prime Books|
|Accounted For||Easy books||Pristine bookkeepers|
|Accounted for Accounting||Elegant bookkeeping||Paper Books solutions|
|Accounting Creations||Elite Books||Protectors of Books|
|Accounting King||Empire Star Books||Quality Books|
|Accounting Solutions||Erudite bookkeepers||Rapid Recording|
|Accountkings||Every Penny Accounts||Ready Recorders|
|AccounTrust||Excellent Books||Ready Records|
|Accounts to Count||Expert Books||Real Bookkeepers|
|AccuBooks||Favored Financial||Receipt Record|
|Accurate Accounts Inc.||Figure It Out||Receipts Received|
|Accurate Bookkeepers||First Choice Book||Receivables|
|Accurate Paper Solutions||First Financial||Received Receipts|
|Ace Bookkeepers||Fiscal Year||Record Accord|
|Achievable Receivables||Foremost Finances||Records Kept|
|Active Accounting||Go Figure||Redline Bookkeepers|
|Assurance Papers||Guarantee book keeping||Reliable Bookkeepers|
|Assurity Bookkeepers||H&H Associates||Retained Returns|
|Balanced Books||Happiness Papers||Royal Bookstore|
|Balanced Books||Hassle-free Books||Safe Haven bookkeepers|
|BARQ||Honest Book keeping||Safe keepers book keeping|
|Basic Paper Store||HonestBooks||SafeBooks|
|Bean Counters||iFinance||Safety In Numbers|
|Best Bookkeepers||Immaculate Paper solutions||Sales Recorders|
|Best Kept Books||Impeccable bookkeeping||Sales Solutions|
|Better Bookkeepers||In the Black Bookkeepers||Satisfaction Solutions|
|Better Stationery Services||It All Adds Up||SecureBooks|
|Beyond Stationery Store||Kareful Keepers||Secured Stationery|
|Book Balancers||Keep Count||Shelf Shack|
|Book Collectors Unite||Keep Pros||Shelf Sisters|
|Book Keepers||Keepers Keeping||Shelf Station|
|Book Masters||Keeping Kingdom||Shelving Shack|
|Book Secure||Keeping Kings||Shelving Sisters|
|Bookers' Bargains||Keeping Kontact||Shelving Station|
|Booker's Price||Keeping Pages||Standard Stationery|
|Bookkeepers||Keeping Promises||Success Stationery|
|Bookkeepers and More||Keeping Queens||Super solutions|
|Bookkeepers Solutions||Keeping up with the Books||Super Savers|
|Stationery 4 You||Kooky Keepers||Super Shelvers|
|Stationery with Us||Ledger Counts||Superb bookkeeping|
|Stationery Buddy||Ledger Love||Supreme Books|
|Books for Engineers||Ledger Match||Tally Ho Co|
|Stationery for Business||Library Lane||Tally in Time|
|Stationery Kingdom||Library Leaders||Tally On|
|Stationery Kings||Library Lovers||Tax Evolution|
|Bookkeeping Plus||Literature Leaders||Tax Specialists|
|Stationery for Pros||Literature Lovers||Tax Tracker|
|Stationery Queens||Literature Savers||Terrific Totals|
|Books Solutions||Made and Paid||The Account Masters|
|Bookkeeping uncensored||Masters of the Books||The Account Pros|
|Books unlimited||Med Max||The Accounting Assets|
|BookKings||Medacc||The Adding Machine|
|Bookminders||Meticulous books||The Blank Page|
|Booksafe||Mind Your Assets||The Book People|
|BookSavers||My Brothers Bookkeeper||The Paper Business|
|BookUp||National BookStore||The Stationery Desk|
|Bookword||Not Your Average Accounting||The Stationery Experts|
|BookWorks||Novel Noobs||The Bookkeeping Pros|
|BookWorthy||Novel Protectors||The Stationery Trust|
|Bottom Line Accounting||Novel Savers||The Experts|
|Bottom Line Bookkeepers||Number Crunchers||The Finance Guys|
|Bustling Books||OnTrack||The Honest Ledger|
|Busy Bee Books||Optima Books & More||The Number Plumber|
|Busy Bookkeepers||Page Pals||The Payroll Doctor|
|Calculations and Papers||Page People||The Sharp Edge|
|Choice Stationery||Page Protectors||The VAT Lady|
|Classic bookkeeping||Page Savers||The White Page|
|Clean Books||Paper Pushing Bookkeeper||Topnotch books|
|Common Cents Stationery||Payable Promised||Total Bookkeepers|
|Conscience bookkeeping||Payment Plans||Totally Booked|
|Correct bookkeepers||Perfect Balance||Tracked Transactions|
|Count Account||Perfect Stationery Solutions||TransCount|
|Count Keepers||Planned Pay||TransKeep|
|Count On Me||Positive Paper solutions||Transparent bookkeeping|
|Count On Us||Precise books||Trust the Total Bookkeeping|
|Count the Beans||Premium bookkeeping||Trusted bookkeeping|
|Counting Corp.||Prescriptive Payroll||Trustworthy Bookkeepers|
|Turned Page||Unlimited Stationery||Turn the Page|
|Turning Page||Upgraded bookkeeping||Upright books Store|
|United Books||UpKeepBooks||Verity 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 18.104.22.168 Competition 22.214.171.124 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!