Work for yourself The most exciting option is starting your own contract bookkeeping business. Contract bookkeepers are usually self-employed bookkeepers who provide bookkeeping services to other businesses. Most contract bookkeepers are hired by businesses for one reason: to do the BAS.

How do I set up myself as a bookkeeper?

Check out our practical guide for starting and running your own bookkeeping business.

1. Research your target market.
2. Establish your client profile.
3. Decide what services to offer.
4. Your fees.
5. Buy an existing business.

Is hiring a bookkeeper worth it?

Although you may think you save money by doing everything yourself, the fact is that a professional bookkeeper actually saves you more. From the time and money savings, to the focus on expertise and greater cash flow, a bookkeeper makes good business sense for your startup. So, go start the hiring process today.

What’s the best way to hire a bookkeeper?

Traditionally, local bookkeepers have been the first choice for small businesses. In the past, you’d hire a bookkeeper in your community—either an individual working for themselves, or an employee at a bookkeeping firm. Then, you’d deliver your transaction records each month, and they’d enter and categorize everything for you.

When do you need a virtual bookkeeper for your business?

Virtual bookkeeping is especially helpful if your business mostly deals with digital transactions rather than cash. While a virtual bookkeeper can handle cash transactions, it’s faster and easier for them to categorize digital transactions (like credit card, debit, Shopify, and Paypal transactions).

Are there any online bookkeeping services that charge by the hour?

Online freelancers don’t typically offer this. Local bookkeepers charge by the hour, and usually have a minimum monthly rate. Online freelancers usually charge by the hour, much like local bookkeepers. However, online bookkeeping services like Bench charge a flat, monthly rate.