Welcome to the Balanced FI Podcast, episode 40 - How to Start a Virtual Bookkeeping Business, based on my own experience in starting one. I’ll walk you through the major decisions you need to make, step by step, to get this side hustle off the ground. 

The most important reminder is to not fake your qualifications; don’t pass yourself off as a bookkeeper with no knowledge or experience.

We’ll cover the basic steps, like

• Decide on a business name & business type
• Register with your state & the IRS
• Open a business bank account
• Get liability insurance
• Train on bookkeeping practices & software
• Decide what services to offer
• Set up your tech

FIND US:

Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- [email protected]

RESOURCES:

Read- How to start a virtual bookkeeping business

Read- It’s Not Easy Parenting a Child with Disabilities

Read more- Debt Payoff Journey

Read more- Financial Security Steps

Resource- Choose a business structure

Resource- About Form W-9, Request for Taxpayer Identification Number and Certification

Resource- Register your business

Resource- Apply for an Employer Identification Number (EIN) Online

Resource- Intro to Accounting Training Course

Resource- Quickbooks

Resource- National Association of Certified Public Bookkeepers

Resource- Google Drive

Resource- Dropbox

Resource- Trello

Resource- Asana

Resource- Monday

Resource- Adobe Acrobat

Resource- Squarespace

Resource- Wordpress

SOURCES:

Buy- HP LED monitor

Buy- Wireless keyboard & mouse combo

Buy- Dell Inspiron laptop

Buy- Lexmark color laser multifunction printer

Buy- Logitech Pro webcam

Subscribe- Quickbooks Online

Buy- Microsoft Dynamics

Subscribe- Xero

Subscribe- FreshBooks