Starting a Bookkeeping Business with no experience

Starting a Bookkeeping Business with no experienceHad a phone call from a lady wanting some Quickbooks training. She’s been helping her husband, doing the books for a mechanics business. So she’s wanting to expand her income by setting herself up as a bookkeeper.

It’s great to have enthusiasm, and a little bookkeeping experience.

There is a great demand for bookkeepers. According to a recent report from the Tax Practitioners Board, there’s around 160,000 registered BAS Agents, so there’s certainly a need for more bookkeeping businesses.

However, doing the books for your husband’s business does not qualify you to go and do the books for someone else.

The Federal Government Treasury Department has been working for over fifteen years to put some legislation in place to tighten up the bookkeeping industry

At present you don’t need to be a registered BAS Agent as a bookkeeper, though it limits the scope of services you can offer your bookkeeping clients.

You’ll need to learn basic bookkeeping skills that you may not have picked up from doing hubby’s books. Things like how to read a Profit & Loss Account, and what a balance sheet tells you.

We are more than happy to train her in Quickbooks. The problem is that whilst it’s a great accounting software package, it’s not the total solution to running a bookkeeping business.

A good place would be to start a bookkeping course at TAFE, and at least get some understanding about bookkeeping in general terms.

The danger of starting a bookkeeping business with little experience in bookkeeping is that it can have grave consequences for any small business who’s unfortunate enough to take on an inexperienced bookkeeper.

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