An individual can start freelance bookkeeping business right from home with small startup capital investment. Every company small or big need business accounting. For successful operation of business proper accounting is a must. However, most small business enterprises find it very difficult to have a permanent accountant for affordability reasons.
Generally, micro and small companies do not need to have a full-time accountant as the scope of work is not much. Here lies the opportunity of freelance bookkeeping business. If you have a knack for numbers, you must consider this profession. As a freelance accountant, you will work on contract or assignment basis. First, you need to select the services you will be providing to your clients. Second the rates of your services.
What Services You Can Provide As A Freelance Bookkeeping Consultant:
Bank reconciliation, e-filing, service tax, payroll and financial report preparation audit preparation, loan financial reports, business plans, accounting software training, etc
Get the relevant certification and training required to establish yourself as an expert on the subject.
Resources For Freelance Bookkeeping:
Choose a software you can customize to your clients’ needs, that’s easy to use and inexpensive. Obtain training in the required accounting software programs. In India software like Tally is accepted much.
Pricing For Freelance Bookkeeping:
In most cases, your expertise and experience decide the rate. The more the experience, more the rate.You can charge either by hourly or flat monthly fee. However, it is advisable to know from the existing freelancers how much they charge as charges vary depending on location and availability.
Network Network Network:
The key to success in this business is networking. Join local chamber of commerce or business organizations and introduce yourself. Send your bio-data to as many employers as possible mentioning your range of services.
Make them understand the benefits of having freelance bookkeeping compared to having a full time one. Sign contracts as many you can deliver.