Are you financially literate and yearning to earn money by doing some side hustle? Well, you have reached the right place. In this post, we are going to discuss:
- Which financial profession gives you the freedom to earn money at your convenience?
- How can you earn money from it?
- Websites that help you to generate income
Which financial profession gives you freedom to earn money at your convenience?
Though there are many professions that can help you scale ahead the ladder of success. However, bookkeeping stays on top.
The reasons are mentioned below. But before that, let’s understand what bookkeeping is and what a bookkeeper does.
What is Bookkeeping?
Bookkeeping is a profession where the bookkeeper creates a record of financial transactions in an organized way on daily basis.
Bookkeeper’s duty is to record invoices, payable, and other transactions to avoid fraud.
Why does the business need to record financial transactions?
The businesses need to record financial transactions to
- Generate accurate financial reports
- Measure business performance
- Tax audit.
What does the bookkeeper do?
The bookkeeper will create financial reports, write journal entries, prepare ledger, create paying invoices, send invoices, maintain account payable records, etc.
How much does a bookkeeper earn?
The salary that an entry-level bookkeeper earns varies from an expert. According to Salary.com, the average salary of a bookkeeper is $45,626 for those who work full-time.
Why should you take up the job of a bookkeeper?
- The demand for bookkeeping is high and you have an excellent choice of gaining employment in various industries.
- High earning potential
- Anyone who is in love with numbers, it is an excellent career choice for them.
Bookkeepers: How do they make money?
1. Take training as a bookkeeper
Suppose you want to start earning as a bookkeeper or start your own business.
In that case, you need to acquire skills like problem-solving, mathematics, organization, attention to detail, integrity, computer software, etc. You don’t have to earn a Bachelor’s degree to pursue this profession.
A high school degree is recommended. You can learn bookkeeping skills through certified training institutes or join a workshop to imbibe skills from experienced bookkeepers.
Here’s how you can become an experienced bookkeeper:
- Research and read the new trends in the world of bookkeeping. You can read the blogs, become a successful bookkeeper, and watch YouTube Videos to get a feel of it.
- Attend free workshops
- You can learn about it from accounting software.
- By joining some certified course.
Start your business as a bookkeeper
Once you become a certified bookkeeper, you can start your own business by using bookkeeping software like Quick Books.
The software helps you to maintain accounting records and bookkeeping records for your clients.
You need a strong and stable internet connection, as you will be working with your client’s confidential data. Once the basics are set, you can start up your business.
You can start working as a sole proprietor, in a partnership, or as a limited liability company.
Then you need to register your company and create a website for your business so that clients can view what services you offer as a bookkeeper.
Marketing your business is an essential step to gaining prospective clients.
3. You can apply for jobs online
Bookkeepers charge a high hourly rate at minimum costs. It is a perfect remote business to start with.
Many online clients are ready to take your services, but you need to figure out clients you can handle in a given time frame and how many hours you are going to work.
The jobs that you can opt for are payroll, financial report specialist, ledger service, etc.
You should create your resume and highlight the field you are an expert in, but don’t forget to add formal education because it will help you stand out.
Online websites where you can Make Money as a bookkeeper
1. LinkedIn
LinkedIn is the best website to find a virtual bookkeeping job. Several small and large companies are waiting for you to work as a bookkeeper.
Before starting your journey, create a resume that shows your work experience, reference, and varied skills before starting your journey.
2. Department of Accounting
Accountingdepartment.com offers a wide range of Bookkeeping services. It hires certified accountants and specialized bookkeepers to work for them.
To initiate the process, you need to clear a few tests. Once you clear the tests, you can become a part-time or a full-time bookkeeper.
3. Belay Solutions
Belay is the best online resource to find virtual bookkeepers. It hires the best talent and provides valuable bookkeeping services.
They readily allow fresher and undergraduates to become part of their community. They pay you $25 per hour if you have the right skills. You can work as a virtual bookkeeper for them.
4. Bookminders
Bookminders has been in this business for around 25 years. They don’t hire you as a bookkeeper for their clients.
Instead, they help you to build your practice and earn money. They have various educational resources that can help you to bridge the gap.
5. become a certified bookkeeper
You can become a certified bookkeeper by joining a professional organization.
You can earn certification from the American Institute of Professional Bookkeepers and the National Association of Certified Public Bookkeepers.
They will train you and help you fetch more clients and what’s more! You can charge for your services. Do you know a certified bookkeeper can charge $80 per hour.
Conclusion
When it comes to remote working with no experience, it becomes difficult to bag roles that are well paid.
However, bookkeeping could be a perfect start to begin your accounting journey.
However, it would help if you were meticulous because you are dealing with the company’s financial records.
