Bookkeeping for Small Businesses and Individuals in NY, NJ, CT and Virtual Offices Executive Bookkeeping Services, LLC

virtual bookkeeping startup

Yes, you’re virtual now, but building out your profile in Google My Business, Facebook business page, and local directories is still one of the top marketing tactics I recommend. Plus, these profiles can serve as powerful word-of-mouth marketing. It can take several months to gain traction and get more views on your social media content. The key is to post valuable information, post on a regular schedule, and make sure your personality shines through in your online interactions.

Write a business plan

Look, we don’t want to toot our own horn — but if you need more help on getting started in bookkeeping, you’re in the right place. One of the easiest ways to reach your exact audience is through Facebook advertising. You can promote videos, images, or offers to people by age, interest, behavior, and location — needless to say, it’s the most targeted type of advertising.

  • Replacing employer-sponsored coverage can be one of the most expensive costs of going into business for yourself.
  • Then we categorize every transaction and produce shiny financial statements for you.
  • If you sign up for Equivity, your virtual bookkeeper will use QuickBooks, or another off-the-shelf accounting app, to manage your bookkeeping for you.
  • Identifying your unique selling points is critical to creating a memorable brand that will resonate with your target audience.
  • The more people who see your company, the more like you are to sell.

Establishing a good remote culture

Moreover, an optimized mobile site helps you get found on Google, plus, triggers 73% of mobile devices trigger additional action, according to research. As a contractor, you’ll be responsible for invoicing for your time and receiving payment according to your policy. Plus, G Suite gives you 30GB Cloud Storage, shared calendars, and access to G Docs, Sheets, Slides, and other office tools. For example, you can get a customized website for your business with SavvySites.

Step #4: Decide on the Bookkeeping Services You’ll Offer

If you’re still on the fence about hiring a virtual bookkeeper, crunch some numbers to help reach a decision. For pricing, $210 a month gets you 5 hours of an administrative assistant to handle your books. For bigger businesses, the price increases as more hours of work are required. Check online reviews, and if you can’t find any, ask the bookkeeper if they can provide testimonies or connect you with some current clients. Virtual services are more sophisticated than individual freelancers.

How many hours a week do virtual bookkeepers work?

virtual bookkeeping startup

All you need is the drive to want to make extra income from home. As your business grows, it’s important to explore new opportunities that can help you expand your client base and increase revenue. Listening to feedback from clients is essential to improving your bookkeeping services. Solicit feedback at the end of each project or engagement and use it to identify areas where you can improve. Additionally, consider conducting surveys or focus groups periodically to gauge customer satisfaction. Make sure to act on any feedback you receive promptly and professionally.

  • A lot of people also worry about what to ask their potential clients.
  • If you don’t have an accountant, you can opt to add tax filing to your subscription, and let Bench take care of taxes for you.
  • Many banks offer additional services that can help you maintain and scale your business operations, such as business credit cards, small business loans, and more.
  • Our innovative platform makes it easy to manage your own finances, and our centralized platform lets you manage every aspect of your operations from anywhere in the world.
  • Many bookkeepers (and small service-based business owners, for that matter) transition into a LLC as they grow.
  • If you’re traveling the globe while offering bookkeeping services, for example, a laptop may be your better choice.

Five days after this date, the bookkeeper will have the books up-to-date, with any reports or statements being sent to the client. It is important to establish these guidelines early in the relationship as it will greatly influence how both parties will work together. Lastly, firms can remotely log in to a client’s computer to use their application, which would be similar to how a bookkeeper would work on-site. These options have the ability to be more expensive and time consuming to set-up, but are great alternatives to the newer online applications. Virtual bookkeeping means categorizing, reconciling, and recording financial transactions online using cloud-based software. Virtual bookkeeping is also referred to as online bookkeeping or remote bookkeeping.

virtual bookkeeping startup

The Value of Startup Bookkeeping Services

You must communicate effectively with your team and clients as a virtual bookkeeping business. Consider using video conferencing software, instant messaging apps, and project management tools to facilitate communication and collaboration. Create a clear communication protocol that outlines how you will communicate with your clients startup bookkeeping and team members. Starting a virtual bookkeeping business has many benefits, such as low overhead costs, access to a wider talent pool, location flexibility, and the ability to work remotely. With a virtual bookkeeping business, you can take on clients from anywhere worldwide, as long as they have an internet connection.

virtual bookkeeping startup

Never assume that all employees will have a functioning computer at home or all of the tools they need to succeed. Identify hardware needs and make them accessible to those who need them. When helping your team set up their ideal workspaces, consider the hardware they will need. Fully remote teams also won’t always be in their homes and may benefit from co-working spaces or areas where they can host meetings with clients. Accounting is challenging, yet — as Warren Buffett says — it’s the language of business. At, our research is meant to offer general product and service recommendations.

Are you more interested in working with financial reports and general financial data analytics? Along with offering the typical outsourced bookkeeping services, provides outsourced controller services. The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners.

Tax ID Application

That’s partly because bookkeeping businesses don’t have a lot of barriers to entry or even a lot of startup costs to worry about. All you really need is some bookkeeping experience, access to accounting software, and a way to market yourself to prospects. You need a number of other business essentials to start offering virtual bookkeeping services to clients and make money. Throughout the past decade, there has been a drastic shift in how bookkeepers and accountants not only perform their work, but add value to their clients. The ideal business entity type for your virtual bookkeeping services will depend on your long-term goals and revenue expectations. Each state also has different rules for business taxes, so you’ll need to consider how state taxes would apply to your business.

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