working from home doing bookkeeping

Discussion in 'Accounts & Finance' started by donna, Sep 1, 2006.

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  1. donna

    donna Banned

    10 1
    Hi there

    im new to all of this, I have given up my job yesterday working for a housing association yesterday, I dont like the idea of other people telling me what to do, so i have decide to work for myself as a bookkeeper as i have studied as a certified accounting technican for 1 year , i have also passed computerised accounts course at college in 2004 , I have been thinking of this idea for some time but not really put it into action, i have done some bookkeeping for self employed people on the cheap. But as i know there is a lot of money to be potentially earnt i have decide to build up the courage and just go for it as my parnter has lots of savings he is willing to give me an amount to set me up and start earning up to £20,000 he is going to put in, i have thought about opening up a shop but i would like to give it a go working from home to see whether this is going to be a profitable business. As i know that these self employed people are paying on average 600-800 to get their accounts and self assestment sorted as my dad working a bricklayer has just paid his accountant 600 to sort out his accounts. He got just over £2000 back, he was happy paying this amount. So i thought to myself if he is paying that amount then there is loads to be earnt.

    I m looking to work from home so has anyone out there got any ideas on what to charge im willing to undertake bookkeeping up to trial balance , balance sheet , profit and loss accounts, etc, and self assestment forms, I dont think that i want to go in to more detail of accounts.

    Im thinking about applying for a partner to join me as soon as it becomes busy

    Do you have any ideas on advertising,

    I have also thought about doing peoples accounts for them online so there is no expenses on petrol for me what do you think?

    Let me have as much ideas as you have please for me

    If you know anyone that would like to have their bookkeeping done then let me know im here free to chat
     
    Posted: Sep 1, 2006 By: donna Member since: Feb 11, 2006
    #1
  2. clarence

    clarence UKBF Newcomer Free Member

    151 0
    Hi Donna

    I'm doing exactly the same by the sounds of it - nice to have someone in the same line of business to bounce ideas off!

    So far I've got most of my work through word of mouth. Most of my clients are sole traders, small shops, local trademen (tradespeople sorry) and generally those who are one-man-bands who don't have the time for their paperwork.

    I've done leaflet drops, and written articles for local publications. I think the key is to get a little name for yourself within your local area and work outward from there. Advertising is probably good if you can afford it but it's hit and miss. Go into local businesses and just ask how they keep their books currently. You'll find most do their own but don't like it.

    As far as charges are concerned - I prefer to charge a regular monthly fee, depending on the number of transactions. Can you do payroll and VAT? If so charge per employee and per return.

    hth, pm me if you need any further help -Wendy
     
    Posted: Jun 15, 2007 By: clarence Member since: May 21, 2007
    #2
  3. Purdey

    Purdey UKBF Newcomer Free Member

    1 0
    Hi Clarence.

    Am interested in working from home doing bookkeeping also. I'm currently working in an accounts office, but would like the flexibility, as have two small children.

    Tell me, how does it work, do you go in once a month to pick up the previous months invoices etc. or is more frequently needed.

    Then you give them the month end report.

    Do many feel fine about letting invoices etc out of the office.

    Would be really great if you could let me know this.

    Thanks Erin
     
    Posted: Jul 6, 2007 By: Purdey Member since: Jul 4, 2007
    #3
  4. DarrenC

    DarrenC UKBF Newcomer Free Member

    1,316 8
    Get yourself a website or blog [www.wordpress.com offers a free option] and write about your services, and rates. Then link to the blog or site from your signature in forums and you'll be surprised how many referrals you can get.

    Think about leaflets and distributing them to small business owners in your local area.

    Contact a local newspaper about advertising, it tends to be cheaper in a local rag, and your targeting your local audiance.
     
    Posted: Jul 6, 2007 By: DarrenC Member since: Dec 9, 2005
    #4
  5. stugster

    stugster UKBF Legend Full Member

    9,349 2,080
    Are you going to be the bookkeeper or the accountant?
     
    Posted: Jul 6, 2007 By: stugster Member since: Feb 1, 2007
    #5
  6. Peter Bowen

    Peter Bowen UKBF Enthusiast Free Member

    853 230
    I think there is a need for your service almost anywhere. My sister does this and she has more clients than she wants.

    Cheers

    Pete
     
    Posted: Jul 6, 2007 By: Peter Bowen Member since: Jul 2, 2007
    #6
  7. Basement_Studios_Ltd

    Basement_Studios_Ltd UKBF Newcomer Free Member

    331 31
    "I dont like the idea of other people telling me what to do, so i have decide to work for myself as a bookkeeper"

    ^ just a friendly note, I have worked in a very large firm, small firm then set-up my own firm...one thing I have always found is if you are working with a client you're thier servant (professionally...).. :D and you are always going to be told what to do to an extent.

    Other than the course you did - have you got much experience working as a bookkeeper, people always seem to think its easier than it is... if you haven't with the greatest respect try and keep to smaller jobs to start with - nothing worst than taking a job on you can't do (we've all been their).

    feel free to drop me a line at any point 07956 273685 or [email protected] I am a specialist sage technician and also do lots of accounts and tax - feel free to pick my brains!
     
    Posted: Jul 7, 2007 By: Basement_Studios_Ltd Member since: Nov 18, 2005
    #7
  8. The Bookkeeper

    The Bookkeeper UKBF Newcomer Free Member

    71 0
    Before you can decide what to charge, you need to work out your costs: software (eg Quickbooks, Sage & MYOB), professional indemnity insurance & professional body membership to name just a few.

    A recent survey by the Institute of Certified Bookkeepers showed that members were charging between £15 and £40 per hour, depending on geographic location.
     
    Posted: Jul 11, 2007 By: The Bookkeeper Member since: Jul 21, 2006
    #8
  9. frauke

    frauke UKBF Regular Free Member

    398 52
    I'll just add my tuppence worth....

    Also contact all your local accountants. Many don't do bookkeeping, (or have more of this type of work than they can cope with) and would be happy to pass work to you..... (Especially if they can keep the client for the other more lucrative work).

    I'm the District Secretary for the IAB covering the Southern & Wessex area (Although I'm really an accountant, but have a couple of book-keepers that help me out). Some book-keepers even help out in Accountants offices in exchange of free use of facilities....
     
    Posted: Jul 16, 2007 By: frauke Member since: Jul 13, 2007
    #9
  10. clarence

    clarence UKBF Newcomer Free Member

    151 0
    Yes I'd agree with that, I get a lot of work from local Accountants. They get clients who want them to do everything, and they usually just don't have the time or resources.

    From what I can gather good bookkeepers are in demand and the Accountants I have spoken to so far say they are always on the lookout for them.
     
    Posted: Jul 16, 2007 By: clarence Member since: May 21, 2007
    #10
  11. Fernhurst Solutions Ltd

    Fernhurst Solutions Ltd UKBF Newcomer Full Member

    1,152 124
    hello, this thread is just what i have been looking for ..... i am in the process of setting up on my own, and would love to be able to talk to someone who has done it and come through the otherside ..... any offers?
     
    Posted: Jul 18, 2007 By: Fernhurst Solutions Ltd Member since: Jul 18, 2007
    #11
  12. clarence

    clarence UKBF Newcomer Free Member

    151 0
    Hi, what do you need to know? :)
     
    Posted: Jul 18, 2007 By: clarence Member since: May 21, 2007
    #12
  13. Fernhurst Solutions Ltd

    Fernhurst Solutions Ltd UKBF Newcomer Full Member

    1,152 124
    hiya, thanks for the reply ..... its more the legal side of things; insurance, qualifications, legal obligations, etc rather than the actual bookkeeping side of things.

    would it be possible to either e-mail you or discuss on msn?

    :)
     
    Posted: Jul 18, 2007 By: Fernhurst Solutions Ltd Member since: Jul 18, 2007
    #13
  14. clarence

    clarence UKBF Newcomer Free Member

    151 0
    Not on msn sorry, but pm me if you like
     
    Posted: Jul 18, 2007 By: clarence Member since: May 21, 2007
    #14
  15. Fernhurst Solutions Ltd

    Fernhurst Solutions Ltd UKBF Newcomer Full Member

    1,152 124
    hiya, i have sent you a pm and look forward to hearing back from you. :)
     
    Posted: Jul 18, 2007 By: Fernhurst Solutions Ltd Member since: Jul 18, 2007
    #15
  16. IwAayBpo

    IwAayBpo UKBF Newcomer Free Member

    3 0
    Hello All

    Its batter you outsource your work to us.. we can do this work in very low rate..

    isn't this batter IDEA...

    OR else.. give us name of some companies who like to outsource their work to us in bulk.. we have good team of 40 bookkeepers..

    Put your view on this.

    Regards

    IwAay Consultant
     
    Posted: Jul 20, 2007 By: IwAayBpo Member since: Jul 18, 2007
    #16
  17. Peter Bowen

    Peter Bowen UKBF Enthusiast Free Member

    853 230
    Batter you learn to spell before we outsource to you:)
     
    Posted: Jul 20, 2007 By: Peter Bowen Member since: Jul 2, 2007
    #17
  18. frauke

    frauke UKBF Regular Free Member

    398 52
    I'm the District Secretary of the IAB (& IFA) in the "Mid-Southern" UK and organise 6-8 meetings a year. They are open to non-members too. Although they are arranged so members can receive training points towards annual their practice certificates (both IAB & IFA have a minimum amount of they have to do each year), they are a good oportunity to network, and talk to other students, book-keepers or accountants.

    The meetings I hold are in Alton, Hants. Occassionally (if I have time) I will organise one in the Salisbury/Andover area.
     
    Posted: Jul 20, 2007 By: frauke Member since: Jul 13, 2007
    #18
  19. IwAayBpo

    IwAayBpo UKBF Newcomer Free Member

    3 0
    Hi peter

    Thanks for your reply...

    We are here to work on book keeping... not on the grammar mistakes of English Language..

    Never underestimate to anyone.. We knows very well how to work..as we are technically sounds.. I can give you guarantee that... there is not any company in UK or USA who can work as low as our rate.

    You should have to appreciate everyone.. as this is open forum.. after your reply..still we are saying NAMASTE...

    Regards
     
    Posted: Jul 21, 2007 By: IwAayBpo Member since: Jul 18, 2007
    #19
  20. Peter Bowen

    Peter Bowen UKBF Enthusiast Free Member

    853 230
    The smiley indicates that the comment was made in jest!
     
    Posted: Jul 21, 2007 By: Peter Bowen Member since: Jul 2, 2007
    #20
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