| Starting a bookkeeping company is a viable option for | | | | If you have the budget, you may even want to |
| those who would like to enjoy flexible working hours | | | | consider purchasing comfortable chair, scanner and |
| and in the meantime able to generate a sustainable | | | | copier in order to make your work easier. |
| income. However, there are many factors that you | | | | Step 4 - Business registration and license |
| have to take account before quitting your day job! | | | | Once you have decided your business name, it is time |
| Below are five important steps for your reference: | | | | that to check with your local council about the business |
| Step 1 - Choose your target market | | | | license or permits required in order to start a |
| First off, you have to decide what type of business | | | | bookkeeping company. Make sure that you get this |
| entities that you prefer providing your bookkeeping | | | | business registration right at the beginning and ensure |
| services in order to become an "expert" in your | | | | that you check with the local authority about the |
| bookkeeping niche. You may want to consider | | | | requirements if you were to start a bookkeeping |
| concentrating on providing bookkeeping services to | | | | company at home. |
| sole proprietors who are running retailing businesses. | | | | Step 5 Marketing your bookkeeping company and |
| Depending on your bookkeeping experience, you may | | | | services |
| want to specialize in providing services to corporations. | | | | This part is always seemed to be the most difficult |
| Step 2 - Scope of services | | | | part of any business. In fact, a lot of people find that |
| Determining the scope of services is as important as | | | | starting a bookkeeping company is easier but getting |
| choosing your target market if you intend to set up a | | | | the clients for your bookkeeping services is more |
| bookkeeping company. Some of the services are | | | | difficult. |
| mandatory and some will be optional. Optional services | | | | There are various ways that you can find your first |
| include but not limited to processing of payroll and | | | | bookkeeping client. One way is to join your local |
| payroll remittances, cash flow analysis, accounting | | | | chamber of business and trade organizations. |
| software training and installation and income tax return. | | | | Participating in the activities of these organizations |
| Step 3 - set up your office | | | | would enable you to network with local merchants and |
| Whether you are planning to set up your office at | | | | hence the opportunity to introduce your services to |
| home or at some other places, having a proper office | | | | them. |
| means having your own computers, bookkeeping | | | | Starting a bookkeeping company is an attractive option |
| software, fax line, internet connection, desk and so on. | | | | for experienced bookkeepers because the reward is |
| These things play an important role if you are serious | | | | lucrative. |
| of starting a bookkeeping company. | | | | |