How to start a small bookkeeping business? When you think of working from home, then starting and running a small bookkeeping business will be profitable. One of the advantages of this business is its low cost and the fact that there is no requirement for office space, so there is no rent to be paid. However, the person must be aware and understand different accounting procedures and have the special quality of paying attention to every detail. In addition, a qualification in accounting is not required since you are not similar to an accountant who offers financial opinions to your customers. Basically, the job of a bookkeeper is to guarantee that the income and expenses are traced and entered, statements for bags are dealt with, the payroll of an employee is worked on, and disbursements as well as invoices are suitably recorded. Startup prices and funding sources: The basic requirement for you to start a bookkeeping service is only a PC along with accounting software or merely a basic spreadsheet. For this, you need to spend only a thousand to two thousand dollars, depending on your financial plan. As for the financial part, you can either use your personal savings or even go in for loans which can be obtained from the Small Business Administration. It is not very difficult to get approval for small amounts equal to $50,000. However, to get a loan, you have to submit your business plan which consists of the future income and expenditures that you would be making out of your business and your growth possibility as well. Pricing parameters: The rate that you can charge for bookkeeping services will depend on the work volume. You can also charge based on time, and such rates can range from $20 to $50 per hour. On the other...
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Video instructions and help with filling out and completing What Form 8655 Bookkeepers
