Online Article Archive

The expenses of starting a business are huge, and most small businesses just starting out barely get by as it is. The idea of hiring an accountant full time to handle their records is not something they can budget. Normally, the owner hires a bookkeeper who is basically the accountants right hand, with the accountant […]

It is important to establish what your charge out rates are before you actively market to prospective clients. If you are in a meeting with a prospective client you need to know exactly what you will charge per hour or will you bill a fixed amount per month or quarter.
You can do some research […]

Occasionally you may find people wanting to sell their bookkeeping practices. This can be one way of starting your own bookkeeping business without a lot of marketing for client generation.
This way of starting a business may be something to consider however it is not necessarily something you should enter into lightly. Unless it is […]

When you commence your own bookkeeping business, one of the key insurances people often forget to organise is Professional Indemnity Insurance.
You can get some policies for as little as $500 per year paid annually, whilst earning fees up to $100,000. This cover indemnifies you so that if someone sues you, you have insurance for […]

The amount of days money is due to you remaining in accounts receivable (AR) provides a solid indication of how long it’s taking you to collect money owed to your practice. The Medical Group Management Association’s family practice accounts receivable benchmark breaks down like this:
0-30 days: 68%
31-60 days: 14%
61-90 days: 7%
91-120 days: 3%
121 + days: […]

Everyone knows that they have to pay taxes ,but some people do not even know what a tax is. Collected by the state and the federal government, taxes are required charges that are collected against every working adult. In some form or another, taxes have always been charged against people, even in family, taxes were […]

If you are considering staring a book keeping business, there are some important tips which will help you along the way. Even if you have many years bookkeeping experience starting a business required new skills and attitudes which you need to be aware of.
Firstly, do you have the right attitude to be in business for […]

The top tip if you are thinking about how to start a book keeping business is that you need a business plan. This might not sound like a news flash, but many people start their own business by accident and they stumble along getting clients slowly or doing the books for their family business.
Although this […]

If you have been thinking about how to start a bookkeeping business, you may have thought about your structure, your qualifications and experience and may have thought about what services you can provide. You might then decide it is all too hard to set it up from scratch yourself and doubt your abilities. If you […]

Are you a bean counter? Do you just love numbers and love crunching them all day? Do you like helping business owners know how their business is performing and enjoy looking at the books all day? If this sounds like you and you are looking to become your own boss, you might like to think […]