For those who are good with numbers, organised, want flexibility and are looking for their next career move, setting up your own small business could be the answer. Being your own boss means that you can set your work hours and which clients you work with.
Unlike accountants, who specialise in tax returns and focus on the bigger monetary picture, bookkeepers concentrate on day-to-day finances and accounting records. They are responsible for recording account debits and credits, checking financial statements for accuracy, verifying receipts, preparing invoices, reconciling accounts, managing payrolls, creating and submitting budgets and reports, and following up on outstanding debts. For more details on Bookkeepers Hereford, go to a site like https://office-support.co.uk/bookkeeping
You can find clients for your bookkeeping business through a number of methods, including referrals from existing or past customers, local advertising and websites. Working as a freelancer is also an option. This can offer increased flexibility and greater control over the work you do.
A bookkeeping business can be run from home or a dedicated office. You will also need a business bank account, which helps you keep your personal and business expenses separate, especially at tax time.
Once you’re established, you may be able to upgrade your services by gaining certification or becoming a Certified Public Bookkeeper, which can help you attract more clients. You can also use digital software to help you monitor your client’s numbers in real-time, so you can offer them a more efficient service.