How to earn money from providing accounting services?

In each of our articles on how to start a small business from scratchWe advise our readers to hire an outsourced accountant. This is really very convenient and allows you to save money on a full-time employee. If you yourself decide to organize a business on accounting services, we will tell you where to start and how to promote your firm!

What is the prospect of making money this way?

Accounting services as a business - this is quite a promising direction, because most entrepreneurs, when they open a small business from scratch, independently engaged in reporting and the rest of the paperwork.

This is due to the fact that not all businessmen initially have enough start-up capital to hire an accountant. Therefore, the manager himself begins to deal with zero reporting and other matters, devoting less time to his business. As a result, there comes a time when paperwork is a lot of hassle and you need to urgently look for a specialist who will help solve the problem.

In order not to complicate the conduct of business, relatively recently popular have become remote accountants, who are engaged in the reporting of the enterprise at home or in their own office, receiving a little less than a full-time employee. The benefit is mutual - the businessman saves time and money, you get the opportunity to earn money on accounting services. Interested in the idea? Then read on, how to open your own accounting for a woman!

You may also be interested in our article: Finished law firm business plan.

Company registration

If you want to organize a business on the provision of accounting services, first decide on the organizational and legal form. You can open an IE or an LLC. To earn money from accounting services, it is better, of course, to register an LLC, but to sole proprietorship much less documentation and, consequently, initial costs will be required.

We still recommend registering yourself as a sole proprietor, and in the future, when you already have a base of clients and earn solid money, expand the office and open an LLC.

Also at the registration stage you need to choose the type of activity. For your own accounting in 2024, we recommend the following code OKVED 69.20 - "Activity of rendering services in the field of accounting, financial audit, tax consulting.". It is better to choose the tax regime "simplified taxation, simplified taxation system".

As for the areas you will be able to earn from, the following services will be enough to start with:

1. Registration and liquidation of enterprises.
2. Bookkeeping.
3. Drawing up reports to the social security, pension and health insurance funds.
4. Personnel records as well as payroll for the firm's employees.
5. Zero Reporting.
6. Development of accounting policies.
7. Maintaining the sales and purchase ledger.

To begin with, this will be enough to set up a business in accounting services. In the future, you can also provide auditing services, legal services (if you hire an appropriate employee) and even conduct accounting courses.

Premises and equipment

To organize a business in accounting services, when opening a sole proprietorship, it is not necessary to rent an office. Initially, you can open an accounting office at home and meet with clients on their territory. When the volume of work will grow, and there will be a need to attract new employees, you can already think about the office, an area of 40-50 square meters. Such a room will be quite enough to accommodate 5 computer desks for your accountants.

The best office location is near potential clients. In addition, you should analyze your competitors so that you don't rent a space next to some promoted firm that also provides accounting services. It is also a good idea to rent a space near the tax office, so that clients can do several things related to the firm's reporting in one place at the same time.

As far as equipment is concerned, if you are going to work at home for the first time, you will only need a computer, internet, office equipment and licensed software. For an office, you will have to allocate money to renovate the premises and buy furniture.

Of course, before you organize a business on accounting services from scratch, you need to get a working phone number, which will need to be advertised when promoting your office.

Personnel

Opening your own accounting office can be done without hiring partners at first, but when things start to pick up, you will need to hire a few qualified accountants. Experience is a must, as your little-known company should not be tarnished by an unskilled workforce.

You can even find employees through the internet. Many women accountants are interested, how to earn extra money while on maternity leave on your knowledge. Look for relevant forums and offer cooperation.

Advertisement

You can advertise your accounting firm in the following ways:

• Submitting an advertisement to the local media, "Services" section;
• advertising on billboards around the city, as well as near the tax office;
• Create your official website and promote it in the region where you can offer outsourced accounting services;
• Print out brightly colored flyers and arrange with the tax office to leave them on a stand in the lobby.

In addition, we would like to draw your attention to the fact that the best advertising of your business can only be positive feedback from clients. If entrepreneurs are satisfied with your work, they will tell their colleagues about remote accounting services, and "word of mouth", as you know, sometimes works better than ads on the Internet and billboards.

Revenues and expenses

And the last thing I would like to talk about is the profitability of an accounting services business. As for the initial costs, they depend on whether you will rent an office or at first your outsourcing company will be able to work at home. In addition, an important influencing factor is the legal form you have chosen.

As a rule, the payback period for an accounting firm is about 1 year. In the first few months of work, if you have correctly analyzed your competitors and selected the right place to open a firm, you can earn about 25 thousand rubles per month.

In the future. income increases to 70-100 thousand rubles. Successful firms that provide accounting services, earn up to 500 thousand rubles a month. As for the costs of such offices - about 150-200 thousand comes out to rent an office, utilities and employee salaries.

That's all I wanted to tell you about accounting services as a business. We hope that now you know where to start and how to promote your firm. If you already have experience in this area of activity, please tell about it to our readers in the comments!

It will be interesting to read:

• How to choose a name for a company
• How to open a cleaning company from scratch
• Franchises for women's businesses
  Where do I start in starting an accounting firm?

  Start by registering your business, developing a list of services and identifying your target audience, whether small businesses or sole proprietors.

  What services should an accounting firm offer?

  This can include record keeping, reporting, tax advice and business registration assistance for clients.

  What kind of startup capital do you need for an accounting firm?

  Major expenses include office rent, professional software, advertising, and basic equipment such as computers and furniture.