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Bookkeeping Service

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Bookkeeping Service

Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.

About

Franchises Available? Yes
Online Operation? No

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Use your accounting and financial experience to start a bookkeeping service.

Business Overview

Bookkeeping is simply the procedure of recording financial transactions, or put differently, a record is made every time money changes hands. Providing you possess accounting or bookkeeping experience and skill, a substantial income can be earned by running a bookkeeping service. Clients will largely consist of business owners that either do not have the time or ability to set up and manage a bookkeeping system for their business. Recent technological advancement has made operating a bookkeeping service very straightforward, as there are many types of small business accounting software available that will not only make your job easier, but also enable you to service many clients at one time. Typically, bookkeeping services charge clients a monthly fee to record and update their financial records on a regular basis. Averaged, this fee translates into $25 to $35 per hour.

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