Business Idea: Start A Bookkeeping Business in 2024
A bookkeeping business keeps track of monies coming into and out of business and maintains an accurate financial record, as per the International Association of Bookkeepers.
As a bookkeeping business, your role is to help small and medium-sized enterprises in the:
- Preparing their year-end tax and VAT returns
- Keeping on top of day-to-day cash flow
- Running finances efficiently
To become a bookkeeper, you must be accurate in your work and understand financial topics well.
Revenue & Profitability
How much do bookkeeping businesses make?
- On average, successful bookkeeping businesses report $750K/year in revenue.
- 0% of bookkeeping businesses report being profitable.
Startup Costs
How much does it cost to start a bookkeeping business?
- It can cost as low as $497 to start a bookkeeping business.
- It can cost as high as $50,000 to start a bookkeeping business.
Learn more about the costs of a bookkeeping business.
Examples Of Successful Bookkeeping Businesses
Successful bookkeeping business businesses and case studies
CFOAF, founded by Byron Wolfe, quickly reached $1M in accrued revenue in its first year by offering top-notch CFO services to small to midcap companies, specializing in managing high-level financial decisions, minimizing tax burdens, and providing business growth knowledge across various industries.
A case study about FreeCashFlow.io, an accounting agency that specifically caters to the financial needs of Onlyfans models and entrepreneurs, helping them with bookkeeping, taxes, and financial management, all while overcoming the stigma associated with the industry.
See full list of successful bookkeeping businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
