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Small business & freelance

Bookkeeper

Every business needs one, and most are terrible at finding one.

Typical pay

$40k-$80k

How you get in

Certification in 3-9 months; no degree required

Outlook

Steady; the shift is toward advisory work

Bookkeepers record transactions, reconcile accounts and keep a business ready for tax time. It is one of the most realistic paths to a genuinely independent home-based business.

A day in the life

  1. 8:30aCategorize the week's transactions for two clients
  2. 10:00aBank and credit card reconciliations
  3. 12:00pLunch
  4. 1:00pChase a client for missing receipts, again
  5. 2:30pRun payroll for a small business
  6. 4:00pMonth-end reports and a client check-in call

How to get in

Certification and freelance

Duration

3-9 months

Cost

$500-$3,000

Credential

QuickBooks ProAdvisor or Xero certification

  1. Learn double-entry bookkeeping properly, not just the software
  2. Get QuickBooks or Xero certified — free or cheap through the vendors
  3. Take two or three small clients at a discount to build references
  4. Move to monthly retainers, which is where the stability is

Employed bookkeeper first

Duration

1-3 years

Cost

$0

Credential

None to start

  1. Get hired doing AP/AR or bookkeeping at a small company
  2. Learn the full monthly close cycle where you touch everything
  3. Build speed and confidence on someone else's books
  4. Go independent with real experience behind you

Bookkeeping into advisory

Duration

2-5 years

Cost

$1,000-$8,000

Credential

Certified Bookkeeper (AIPB) or enrolled agent for tax work

  1. Build a stable base of monthly bookkeeping clients
  2. Add payroll and sales tax services
  3. Get an enrolled agent credential to handle tax returns
  4. Advisory and tax work is where the rate doubles

What people love

  • · Work from home with almost no startup cost
  • · Recurring monthly clients mean predictable income
  • · No degree required
  • · Every business in every industry needs it

What wears people down

  • · Chasing clients for documents never ends
  • · Software is absorbing the routine data entry
  • · Solo work can be isolating
  • · Ceiling without adding advisory or tax services

From people doing it

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