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Michelle Long - How to Start a Home-based Bookkeeping Business

Here you can read online Michelle Long - How to Start a Home-based Bookkeeping Business full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. year: 2011, publisher: Globe Pequot, genre: Business. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:

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In tough economic times and with rising unemployment, people are looking to take the bull by the horns and start their own home-based businesses.... From GPPs enormously successful How to Start a Home-Based Business series (more than half a million copies sold!), comes the essential guide to starting up a home-based Bookkeeping business.

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Copyright 2011 by Morris Book Publishing LLC ALL RIGHTS RESERVED No part of - photo 1

Copyright 2011 by Morris Book Publishing, LLC

ALL RIGHTS RESERVED. No part of this book may be reproduced or transmitted in any form by any means, electronic or mechanical, including photocopying and recording, or by any information storage and retrieval system, except as may be expressly permitted in writing from the publisher. Requests for permission should be addressed to Globe Pequot Press, Attn: Rights and Permissions Department, P.O. Box 480, Guilford, CT 06437.

Editorial Director: Cynthia Hughes

Editor: Katie Benoit

Project Editor: Tracee Williams

Text Design: Sheryl P. Kober

Layout: Kevin Mak

Chart on .

Text on courtesy of Intuit Inc. 2005 Intuit Inc. All rights reserved. Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties trademarks or service marks are the property of their respective owners and should be treated as such.

Text on courtesy of Intuit Inc.

Text on is reprinted in its entirety with permission from Intuit Inc.

Text for courtesy of Jay Shah

Diagrams for courtesy of Dr. Chandra Bhansali

Library of Congress Cataloging-in-Publication Data is available on file.

ISBN 978-0-7627-9622-9

This books purpose is to provide accurate and authoritative information on the topics covered. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, financial, accounting, and other professional services. Neither Globe Pequot Press nor the author assumes any liability resulting from action taken based on the information included herein. Mention of a company name does not constitute endorsement.

This book is dedicated to all the bookkeepers and accountants in pursuit of their own home-based business. Starting my own home-based accounting practice in 1991 was one of the best decisions I have ever made. I hope this book helps you build your own successful home-based bookkeeping business, too.

I have many people to thank and acknowledge for their help in writing this - photo 2

I have many people to thank and acknowledge for their help in writing this book.

First and foremost is my family. Special thanks to my husband, Steve, and my children, Andrew and Jessica, for your support and encouragement while I was writing this bookespecially when deadlines were approaching and I questioned whether I could get it done. You helped me stay focused and determined to finish it, and I am so grateful for your support. I appreciate the help and understanding from you all!

Many people helped me write this book without even realizing it. Thank you to the bookkeepers, accountants, QuickBooks ProAdvisors, tax professionals, IT consultants, and others who participated online in my LinkedIn Group (Successful QuickBooks Consultants), Intuit Community Forums, the American Institute of Professional Bookkeepers (AIPB) discussion list, and other online groups and forums. Reading their questions and the advice and experience they share with each other helped me focus on the most important and relevant topics and concepts for this book. I would like to especially thank those who provided quotes that are included throughout the book and Jay Shah for writing an article about the accounting industry and cloud computing (included in the appendices).

Thank you, Intuit, for permission to include the Average Billing Rates Survey, sample engagement letters, and QuickBooks New Client Setup Checklist in this book. Those resources and others provided to accounting professionals via Intuit Academy and the QuickBooks ProAdvisor Program have helped me achieve success in my business. Additionally, I am honored and grateful to be a member of Intuits Writer/Trainer Network and one of the few national trainers for Intuits Whats New launch tour each autumn. I truly enjoy helping other accounting professionals learn more about QuickBooks and helping them grow their business.

To everyone at Globe Pequot Press: Thank you for allowing me to be an author for your home-based business series of books. I am thrilled to be fortunate enough to have the opportunity to write a book for your series. I appreciate your assistance and efforts to the book.

To the new home-based bookkeepers and accountants: Congratulations on starting your own business! I am sure this book will help you on the road to building your own successful business. Being a home-based business owner is not always easy, but I think it is definitely worth the effort. It takes some time and patience, but you can do it, and this book will help you.

Lastly Id like to thank all the clients who allow me into their worlds to share, learn, grow, and experience this passion of mine. I truly enjoy every minute with you and am grateful that you open your world and trust me to support you on this journey.

Many years ago Benjamin Franklin said There is nothing certain in life except - photo 3

Many years ago Benjamin Franklin said, There is nothing certain in life except death and taxes. This is still true today. The certainty of taxes, combined with the confusing and complex tax laws, creates a continuous demand for bookkeeping, accounting services, and tax preparation. In 2009 the United States had about 27.5 million small businesses, according to the Small Business Administrations Office of Advocacy, and about 552,600 new businesses in 2009.

According to the laws of the Internal Revenue Service, businesses must keep adequate accounting records. The vast majority of small businesses need help to comply with that law. This fact creates an ongoing, continuous demand for accounting services.

I realized this fact when I was in college and needed to choose my major. I could not decide whether to major in accounting or finance. As I debated which major I should choose, I thought about what type of job I might have in the future. I considered that I might need to get a job in various cities (depending on where my future husband was working), so I wanted something that would be needed wherever I might live. I decided that with an accounting degree, I could get a job anywhere because most businesses need accountants. Plus, every city has accounting firms. And, if I became a certified public accountant, then someday I could start my own practice.

The accounting industry provides many options and opportunities, and the demand for accounting services is always there, no matter what the economic conditions or where you live accounting services have several areas, so you can specialize in an area that interests you.

When I started my home-based accounting business (in 1991), I provided the traditional accounting servicesmonthly bookkeeping, payroll, and tax preparation. Over the years I have changed the services I provide to focus on what I enjoy (one of the benefits of being your own boss). Now I provide QuickBooks consulting and training, and I work with small business owners (including accounting professionals), coaching and helping them grow their business. I am one of the national trainers and writers for Intuit, and I teach other accounting professionals about QuickBooks. I have been a consultant for product development for Intuit, where I was able to work with the programmers on new features and enhancements. Best of all, I am doing what I truly enjoy.

Whether you are a bookkeeper or an accountant (these terms, along with

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