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Starting a bookkeeping business working from home

"Literally, every single business in the world needs a bookkeeper.  It might as well be you!"

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If you’re ready to find a new career working from home, on your schedule, a bookkeeping business could be the answer. 

Here's an overview of what you need to know before making the commitment.

1. What is bookkeeping?

Bookkeeping is the process of summarising and categorising business transactions into reports for business decision making and for lodging mandatory tax returns as required by Taxation Law and Corporations Law.

Bookkeepers do most of the day to day transaction processing for small businesses, like collecting income and paying and recording supplier bills, while accountants are more inclined to focus on the income tax preparation, preparing GST Business Activity Statements and making the end of financial year adjustments. 

Before you decide to open any business you must know the numbers.  Writing out a business plan is a great first step.

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