How to become a Bookkeeper
One of the most lucrative online jobs is working from home as a virtual bookkeeper.
Unlike an accountant, you don’t need a formal degree to work as an online bookkeeper.
You can learn to become a bookkeeper from home through online training and work with clients from anywhere.
If you are good with numbers and would like to turn your skills into profit, we have two stay-at-home parents who is going to show you how to work from home as a bookkeeper – starting from scratch.
To help you understand better, here are some tasks of an online bookkeeper:
- Recording Invoice and payment receipts
- Maintaining petty cash
- Admin tasks
- Monitoring income and expense
- Conducting follow-ups
- Creating and maintaining a budget
If you are interested in becoming an online bookkeeper, I highly recommend you check out this free online bookkeeping class and earn up to $60 an hour.
Kevin averages $8,000/month bookkeeping from home and is hoping to reach a six-figure income by the end of the year.
9 months in and Cheyenne currently earns $3,000 a month from home working less than 20 hours a week.
I had the pleasure of interviewing them both, and here is what they had to say.
*This post may contain affiliate links. Disclosure here.
Work from home as a Bookkeeper
1. Tell us a little about yourself and why you decided to become an online bookkeeper.
Hi, I am Cheyenne. I have been a stay-at-home mom since my first child was born 4.5 years ago.
I’m a creative person at heart but somehow I ended up in business school, and I learned that I really enjoyed numbers as well!
I always knew I wanted to stay home with my kids as they grew up, especially in their early years. That has always been a top priority for my family, but living on one income is tough!
It is doable, but for us, it meant living modestly and there never seemed to be any money left over for non-necessities. After my husband and I really dug into the goals we have for our family, I knew I needed to bring in a second income if we ever wanted to realize those dreams. I Googled “work from home jobs” and the one that kept coming up was bookkeeping.
At first, I kept finding virtual subcontracting jobs for $15-20 per hour, but when I searched out how to become a bookkeeper, that is when I found Bookkeeper Business Launch! I watched the introductory videos and I just had this gut feeling that this was the right step for me and my family.
2. What services do you provide as a bookkeeper?
I currently focus solely on bookkeeping, with a bit of assistance when it comes to letting my clients know which bills are due.
I have thought about expanding my services to offer payroll and accounts receivable or accounts payable (and eventually tax services), but up to this point, my clients have not needed any of these services.
I am happy that I did not jump into those other avenues right away because I have been able to put all my effort into one area and provide a lot of value to my clients.
3. Can anyone become a bookkeeper with no experience?
So many successful BBL students had no prior experience with bookkeeping.
4. Is the Bookkeeper Business Launch ideal for beginners looking to start this career? How did you find the course?
The Bookkeeper Business Launch course teaches you everything you need to know about bookkeeping, plus it guides you through all steps of opening and running a virtual business!
It really is an all-in-one course and I truly cannot imagine starting a bookkeeping business without the tools and guidance of the course.
As a member, you get lifetime access to the course and you also get to join this amazing FaceBook community full of other bookkeepers who are willing to walk you through any questions or issues you run into. That group alone is worth more than the cost of the entire course!
Bookkeeper Business Launch also has its own team of experts who are there to help you out when you get stuck with real-life clients.
5. Why is it important to have a niche in the bookkeeping industry?
Having a niche gives you such an advantage because it allows you to become an expert in that field. This provides more value to your clients but it also makes the day-to-day work for yourself so much easier!
Every business comes with a learning curve, so when you have a variety of industries, it takes a lot more effort to learn the different bookkeeping needs of each client.
It did take many months and a lot of effort to get those first clients in my chosen industry, but I am so happy that I did not give up because now half of my clients are in my original niche!
The funny thing is that, due to my personal network, the other half of my clients naturally ended up as a niche of its own.
6. How many hours a week do you work?
I work between 10-20 hours per week doing actual bookkeeping work.
It really varies depending on the time of the month, as well as if I am onboarding new clients. The first and last week of the month is always the busiest with month-end and client meetings, so I try to onboard new clients during the middle of the month.
I have a four and a one-year-old at home with me, so my time is very limited. Once my business really expanded, I had to start getting up at 5:00 am to get a few extra hours of work each week.
It takes a lot of dedication (and early mornings or late nights), but you would be surprised how many work hours you can squeeze in a week when you utilize your time wisely!
7. How much do you earn?
It has been 9 months since I opened my business.
I am currently earning nearly $3,000 of recurring monthly income working a very flexible, part-time schedule.
This number will continue to increase as I add more clients, and it also varies greatly when I onboard clients who need cleanup or catch-up services. (In the following month, I will earn double that amount due to onboarding a new client who needs some back-work done!)
You can imagine how this has positively impacted my family, as I was not bringing in any income prior to opening my bookkeeping business. I am nearing my max capacity as a one-woman show with little ones at home, so I am beginning to research how to bring on a subcontractor under me.
I plan to expand more when my kids are in school, but for now, this income is such a blessing to my family. The potential is limitless!
8. Any piece of advice for stay-at-home moms looking to get into this field?
If you are a detail-oriented person who is naturally good with numbers, this could be a great career for you.
You can turn it into a part- or full-time business. There are so many businesses who need help managing their finances, and the overhead for a virtual bookkeeping business is nearly nonexistent. I truly recommend checking out this free training.
Although it always is nerve-wracking to invest money into a new venture, the initial investment of $2,000 is really minuscule compared to what your outcome could be. I remember being so nervous about spending that money, but looking back I would have paid so much more for the knowledge, guidance, and friendships I have gained from the course.
The greatest thing about my business is that I get to choose how much I want to work.
I get to choose who I work with. I get to choose my schedule.
I am so thankful I stumbled upon BBL because my life has changed for the greater because of it and I have learned so much about myself in the process.
1. Please tell us a little about yourself and why bookkeeping is right for you?
My name is Kevin Schmidt. I am 32 years old, live in Destin, FL and am married to my high-school sweetheart. We have 3 kids, Harper/Harrison/Hattie, 7, 5, 1. I am the owner of Books By Schmidt, Inc., BeMyShopper, Inc., and Co-Owner of Kombi Keg 30A.
I have been working from home since December 1, 2017, the day after I left my full-time job as a school administrator.
I wanted to become a virtual bookkeeper to help supplement my income while I ran another “side-gig” business we own, called BeMyShopper. The plan was to grow that while I get a few clients and do some virtual bookkeeping for.