Get Your Startup Bookkeeping Firm Started

You are a skilled bookkeeper who is prepared, eager, and able to support other companies in keeping track of the finances of their accounts. However, you need to first establish the foundation for your own bookkeeping company before you can start monitoring client business transactions. 

That takes a few steps, such as figuring out your pricing, obtaining the necessary permits, and finding your first client. We understand what it takes to start a new bookkeeping business because we have interviewed many successful bookkeepers and firm owners. 

With their helpful advice and recommendations in mind, we put together this thorough, step-by-step checklist to help you get your bookkeeping business off the ground.

Create Your Market Goal

Focus on a more specific target market and clients. By doing a marketing plan, you can more effectively guide the other parts of the process of setting up and the way you want your firm to operate in the future. 

It guides the decision of bookkeeping services and how you market your business. These are some things to think about while deciding on a target market:

  • What is your expertise? 
  • What skills do you currently have?
  • What are the scopes of your local market? 
  • What types of clients do you prefer to work with?
  • What are your desired market growth prospects? 

When starting a business, it may seem illogical to start narrowing down the clients you want to work with. Still, this helps you to concentrate on clients you want to serve in the long run and develop your skills in your field of expertise. 

Additionally, you gradually establish credibility with that particular client and set your bookkeeping company apart from competitors.

Plan Your Pricing Model

Determining the starting fees for your bookkeeping company can be stressful. Businesses wanted them to be competitive enough for new clients to begin working with them, yet high enough to pay their running expenses and turn a profit. We evaluated how to price bookkeeping services to maximize your revenue. 

For your services, you have a few options for pricing: hourly, per-project, or packaged service. When deciding your exact charges, keep these things in mind, regardless of the pricing style you use:

  • How much do you spend on overhead? 
  • What is the size of your clients’ companies? 
  • What kinds of services and value do you provide? 
  • How long does client work take to finish? 
  • What level of expertise and understanding do you have?
  • For similar work, what is the going rate that other companies or competitors charge?

Choose Your Firm’s Set Up

In which place would you do daily business? Starting from homework setup could save up money. You can decide on a place for meetings with clients that works best for both of you, such as at their office or virtually. If you would rather not work from home, think about coworking spaces or sharing an office with other businesses that offer professional services. 

You could recruit remote workers when your business grows and hire additional employees, or you could look for a workspace that can handle your expanding employees. Where you choose to set up your firm at first will probably rely on how much money you are ready to spend on beginning expenses. 

Perhaps the best option is a home office if you’re bootstrapping your business and want to make investments more in software and getting clients. After you start bringing on new clients and making money, you can review your current situation and decide if it would be more cost-effective to rent a different kind of workplace.

Get Business Requirements

Before you start for business, you need to take care of some more administrative paperwork in addition to including your LLC. Making sure you’re conducting business legally may be a hard process, but it’s necessary. Find out whether getting a business license is required by checking local and state regulations. 

Depending on where you live, this requirement could differ. In concept, you can provide bookkeeping services without having to have any particular qualifications or educational background. To show potential clients your skills and expertise, however, let them know if you hold a professional license or certification (such as a certified public bookkeeper). 

It’s possible that the bank that you use for personal accounts also provides banking services for businesses. Furthermore, you can compare banks to determine which one provides the most beneficial options for your operations, such as small company loans or business credit cards.

Make a Bookkeeping Engagement Letter

To make sure of mutual understanding and clarity between the bookkeeper and the client, make a bookkeeping engagement letter. There are several important key steps to consider when making an engagement letter for bookkeeping services. 

Start by stating the essential information, such as the names and contact information of both parties, the engagement’s effective date, and a clear description of the services to be given.

Additionally, talk about key terms and conditions like the length of the engagement, any possibilities for renewal, and termination clauses. Lastly, promote open communication by putting in place the agreement requiring regular updates or meetings to go over the state of the bookkeeping services.

Make Use Of Bookkeeping and Business Software

Completing repeated tasks and workflows is usually necessary for client bookkeeping. You can increase your efficiency by standardizing these procedures using accounting workflow management. 

Make sure you have the right bookkeeping and business software before you take on client work so you can efficiently handle both front-facing and back-office responsibilities. 

Establish Standard client operations and automate important deadlines with the help of a project management and bookkeeping workflow solution. 

This can be especially helpful when managing a team because it allows you to see what each member of the team is working on and what needs to be completed before a deadline. 

Improve Your Presence in The Market

Having a website has many advantages as your bookkeeping company grows. It allows you to show your skills and can be a very effective way to attract new clients. 

This action is related to your broader marketing plan. You may interact with potential clients in your target market and create interest in your company by being active in online communities and social media.


Getting your startup bookkeeping started will surely be a worthwhile endeavor investment but it needs planning, commitment, and flexibility. Just remember that maintaining your dedication to providing value service and making constant business improvements are the keys to having long-term success for your bookkeeping firm.

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