It’s important to remember that you may need to register with additional states later. You can’t register a new business using the same name as an existing business. Even if a few characters or words are different, you’ll want to avoid confusing future customers.

The office may also be called a Business Bureau or a Business Agency. Once you have a name and business structure, you need to register with your state’s government and the IRS. Virtual bookkeeping is the perfect opportunity for someone who wants to work from home and has an accounting background. B12 uses AI and experts to quickly set up your website, scheduling, payments, email marketing, and more.

Start a Virtual Bookkeeping Business

Virtual bookkeepers also make themselves available for discussions around budget planning, late customer payments, cash flow, and any other finance-related questions. Some clients will want you to handle how to start a virtual bookkeeping business all or most bookkeeping tasks; like invoicing, billing customers, or preparing payroll. You may even need to email invoice copies to a client for approval and have a signature stamp for paying invoices.

In this article, we’ll outline the steps to build your business so you can get up and running and build a full client roster. But if you need more personalized, specific advice on how to start your own virtual bookkeeping business, and make money from home, see our other resources today to get started. Don’t worry, we cover all the in-depth tactics in the resources for starting a virtual bookkeeping business below. Don’t get caught up in selecting a catchy and relevant business name from the start.

Go national (or global) as a virtual bookkeeper

Cloud-based software will allow any team member to access documents, casework, notes, etc. at any time from anywhere they have an internet connection. If necessary, you can change permission settings so that not everyone has access to the same information. Many freelance websites work as a platform for business owners to post their bookkeeping needs. You can submit your proposals on these platforms and you can also make it known that you provide remote bookkeeping services and you can snag yourself some virtual bookkeeper jobs. A business must have bookkeeping processes and policies that keep company records up-to-date and accurate. For example, business owners must be diligent about keeping personal and business finances separate.

Today, virtual bookkeepers are more strategic about using cloud-based accounting software to let stakeholders (the small business owners) see data on mobile and from any location. Using cloud-based software, virtual bookkeepers reconcile https://www.bookstime.com/articles/what-is-an-account-reconciliation-and-how-does-it-work bank accounts, manage payroll, create financial reports, update financial records, collect payments, record receipts, and more. Essentially, virtual bookkeepers do everything an on-site bookkeeper does, but it’s done remotely.