Bookkeeping from Home: 9 Steps to Starting a Bookkeeping BusinessDid you know Entrepreneur named bookkeeping as one of the most profitable online small businesses? Even if you have absolutely zero professional bookkeeping experience, you can get started with this in-demand, high-paying, remote-friendly career path. Many people confuse a bookkeeper with an accountant. In reality, they are two very completely different careers. For starters, accountants often require a degree or even certification.
HOW TO BECOME A VIRTUAL ACCOUNTANT & BOOKKEEPER FOR BEGINNER PART 1
How to become a virtual CFO
But, first, let me tell you a bit more about me and how I came about to start a virtual bookkeeping practice. My mission was always to help small businesses through my accounting knowledge. I gained experience in forensic accounting, auditing, recruiting, and using technology to help streamline operations. I then joined a global construction company working directly with executives providing management reports and helping team members translate the numbers so they can better manage their projects. After a few years, I got pregnant and wanted the impossible 10 yrs ago. I wanted to work virtually from home. That was not an option with that company, so we agreed to part ways so that I could follow my dream.
Technology Needed to Start a Virtual Bookkeeping Business
The accounting profession is going through some major changes. There are now more firms competing with each other than ever before. Small businesses now have so much choice that ordinary services like compliance, tax preparation and basic bookkeeping are becoming commoditised. There's so little differentiation in this crowded market that the value of these services is being driven down. Cloud technology is also reducing the value of basic accounting services. Firms using cloud-based systems are more efficient and productive.
Do you know what every business needs? Someone to do the books! Virtual bookkeeping jobs are widely available yet often overlooked. Many people don't think they have the skills necessary to land a position. Despite its closely related accounting cousin, bookkeeping positions are often considered entry level. You don't need a degree in most cases.