How to Get Bookkeeping Clients by Sharing your Knowledge

Staying organized, with regard to taxes, will also help you make strategic decisions throughout the year to reduce your overall tax burden and avoid costly penalties. Make the most of your cash on hand by impeccably maintaining your AP and AR. Pay the right amount on time to avoid late fees and to take advantage of early payment discounts. Send invoices promptly and follow up on any past due accounts to reduce days sales outstanding. When you determine which accounting software you will use, do not simply consider whether it meets your current bookkeeping needs.

• Open up separate bank accounts and credit cards for your business.
• The first two benefits – reducing risk and saving time – are the main rational reasons business owners hire bookkeepers in-house or freelance.
• Ideally, your bookkeeper should use software appropriate to small businesses–and one that you are familiar with.
• Apart from the regular sharing features, LinkedIn offers written, audio, and video features.
• This could include recording credit card transactions, preparing the balance sheet, tax preparation, and financial consulting.
• I’m happy to let you know that I’ve completed the third month of bookkeeping for you.

During the early stages, most small businesses primarily focus on compliance—receiving payments, paying bills, checking the accuracy of the payroll, and following federal and state regulations. The following section talks about outsourced bookkeeping guides so that you can outsource successfully and realize a high ROI. Our account management team is staffed by CPAs and accountants who have, on average, 11 years of experience. Get in touch with us today to learn more about our monthly bookkeeping options.

Choose a Business Name

Many websites hosting providers, including GoDaddy and Bluehost, offer WordPress websites for a low monthly or annual cost – potentially less than $100 per year if you find a promotional offer. Now that you know the main reasons clients value bookkeeping services, we can dive into the strategies you can use to get more clients. Before jumping into specific strategies, we’ll put ourselves in the client’s shoes. Why will they pay a bookkeeper to help them with their business finances? Finding out how to get bookkeeping clients for your business takes some experimentation. You may find some methods come naturally to you, like social media marketing, while others, like networking, are more difficult.

With this type of service, you can communicate completely by email or phone without having to set aside time to meet in person. The responsibilities handled by a service will depend on the provider, so be sure to discuss the scope of work and compare options to find the right fit. Small businesses often work with tax advisors to help prepare their tax returns, file them and make sure they’re taking advantage of small-business tax deductions. Though you may not work regularly with a tax specialist year-round, you’ll want to connect with one sooner rather than later so you’re not rushed come tax time.

Clearly define what is included

Growing businesses ensure that they’re at the forefront of the competition. A significant factor in being ahead of your competitors is staying abreast of the newest accounting technologies. If your company has access to the latest resources, you can guarantee that your bookkeeping is up to date. According to a report published in 2015, 40% of small companies rank tax preparation and bookkeeping as the worst part of running a business. On top of that, companies spend over $82,000 per year on a full-time accountant.

So, it’s important to make sure that it’s up-to-date and accurately reflects your bookkeeping services. You can then package your services in a way that’s tailored to meet your specific customer’s needs. For example, if you’re targeting small businesses, you might want to offer a  monthly or quarterly bookkeeping service. The specific amount you charge your clients for bookkeeping services will depend on your certifications, years of experience and familiarity with the client’s business.

What are your availability and turnaround times?

This might include negotiating payment dates (i.e., aligning all bills to be paid by the last business day of the month). Alternatively, you might research alternative business credit cards for your client so that how to meet your bookkeeping needs they can receive better benefits like cash back or travel rewards. Another option would be to sell financial consulting services to clients. You might have clients spending $100,000 per month on various expenses.

In accounting and bookkeeping work, accuracy is critically important. For example, if a business owner fails to keep track of their expenses in detail, they may not understand their profit margin correctly. Further, failing to track expenses correctly may have tax implications like paying a higher tax bill. Creating a foolproof expense tracking system is crucial to managing your business finances and cash flow.

Bookkeeping

This is an important question to ask because you need to know how often you will be updated on the financial status of your business. An outsourced bookkeeper should be able to provide you with reports on a regular basis so you can stay informed about your finances. https://www.bookstime.com/ If you’re considering outsourcing your company’s bookkeeping, it’s important to ask the right questions before making a decision. And, of course, you want to be sure you’re hiring someone who is qualified and experienced in order to handle your financial records.

A bookkeeper ensures that all financial transactions are recorded and organized for financial reporting. Depending on the size of the company, quarterly reporting may be required. In some cases, this information is needed only at the end of the year for tax preparation. Keep a list of back office questions and check in with your accounting or bookkeeping company on a regular basis – not just at tax time – to get answers and advice. This will ensure you are tax-ready at the end of the year and will also help you avoid major money pitfalls along the way.

In this guide, we’ll dive into everything related to outsourced bookkeeping from what it costs to how to outsource it. You can click to go to a particular section below or scroll down to start from the top. The latest Philippine Statistics Authority (PSA) report shows the country has 851 registered BPO firms and 429 call centers. These companies offer front-office and back-end services, so you can easily find a compatible offshoring provider in the Philippines for your business. If you’re ready to make your bookkeeping work easier, get in touch with us now. Unity Communications manage all the behind-the-scenes functions to keep your company running smoothly.