Idea of the Week: Home Based Bookkeeping Business

Filed in archive financing on October 1, 2007

Bookkeeping Home Based business branding, Capital, and Industry Expectations

Providing bookkeeping services is one of the usual tasks that the virtual assistant industry is specializing in nowadays. It's either it's offered as the main service or as a part of a business support package. So how do you promote your bookkeeping business' brand?

Have your own business card, letterhead sheets and envelopes. It's often best to have your own business name printed on your official communications to promote your professional bookkeeping services.

Startup capital for your home-based bookkeeping service business
A computer can cost you upwards from about $1,000, depending on the brand and components. You can also watch out for great sales from brands such as Toshiba and Dell, from whom you can get computers for as low as $500.

You'll also have to shell out at least $150 to $300 for a good printer. A fax machine can set you back by about $100 to $200 more. If you prefer to cut cost, consider renting equipment instead. Supplies and other materials can cost you $150 to $250.

Industry expectation
According to authors Paul and Sarah Edwards, who wrote 'The Best Home Businesses of the 21st Century', bookkeeping is the 'best of the best' in terms of growth potential, stability and opportunity. Bookkeepers working a few days a week can earn a good average of $36,000 annually, even more if they work with other employees offering other services.