![]() ![]() Local colleges may offer bookkeeping courses, and there are plenty of options online. E&O coverage costs an average of $500-$1000 per employee, per year.įormal training or certification isn’t necessary to own a successful bookkeeping business, but it can be helpful when you’re first starting out-especially if you’re new to the profession and need a quick way of establishing authority and skill set. E&O policies protect you from having to pay for legal services out of your own pocket. Unfortunately, any mistakes could end up having serious consequences and result in your business being sued. In addition, you should strongly consider buying an E&O (Errors and Omissions) insurance policy. However, if you need to purchase a new computer, it will cost a minimum of $1000.īecause you’ll be responsible for your client’s finances, you’ll need to buy or subscribe to a bookkeeping software program such as QuickBooks, FreshBooks, or Xero (between $9-$25/month). How much money will it take to get started?Īssuming you own a reliable laptop, start up costs will be minimal.
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