5 Virtual Accounting Business Success Stories [2023]
Starting a virtual accounting business is an excellent opportunity for those with a background in finance or accounting. With the rise of remote work and technology, starting your own virtual accounting business has never been easier.
A virtual accounting business involves providing accounting services to clients remotely. This can include bookkeeping, payroll, tax preparation, financial reporting, and more. With the right tools and software, you can offer these services to clients no matter where they are located.
To start a successful virtual accounting business, you’ll need a strong understanding of accounting principles and regulations. A bachelor’s degree in accounting or finance is often preferred, as well as relevant certifications such as a CPA. You’ll also need to be proficient in using accounting software like QuickBooks or Xero and be comfortable working with clients remotely.
One key to success in a virtual accounting business is to specialize in a specific area of accounting. This could be working with small businesses, freelancers, or a particular industry. Focusing on a specific niche can better serve your clients and stand out in a crowded market.
A virtual accounting business can be relatively low-cost in terms of startup costs. In addition to education and certifications, you’ll need a computer, accounting software, and possibly a website to promote your services. You may also want to invest in marketing to attract clients and grow your business.
Overall, starting a virtual accounting business is an excellent opportunity for those with a background in finance or accounting looking to work remotely and be their boss. You can build a successful and profitable business with the right skills and marketing efforts.
Here are some real life success stories of starting a virtual accounting business:
1. Fully Accountable
Top rated outsourced accounting + finance firm. Make accounting and tax compliance easy. Get help with payroll, budgeting, forecasting & more. Start today.
- Business rank: #343K
Check out their full website ➜
2. Museminded
Trusted with processing over $750 million of Amazon settlements since 2014, we know a thing or two about Amazon bookkeeping and accounting. Get in touch.
- Estimated revenue: $42K/month
- Business rank: #521K
Check out their full website ➜
Learn more about starting a virtual accounting business:
Where to start?
-> How much does it cost to start a virtual accounting business?
-> Pros and cons of a virtual accounting business
Need inspiration?
-> Examples of established virtual accounting business
Other resources
4. KPMG Spark
KPMG Spark is Online Accounting for small and medium-sized businesses, complete with tax preparation, invoicing and payments, expense tracking, and payroll services
- Business rank: #654K
Check out their full website ➜
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