5 Additional Services For Your Bookkeeping Business
Are you a bookkeeper who is wondering what services you can offer your clients in addition to bookkeeping? Bookkeeping itself is a valuable skill, but some professional bookkeepers like to diversify and offer other services to their clients as well.
They do this not only to keep things more interesting for themselves but also to provide their clients more services and increase their revenue potential per client.
So here are five potential revenue-generating services for your bookkeeping business: 1.
Word Processing / Secretarial Services Some clients are looking for more than bookkeeping and instead would like to contract out secretarial work as well.
They might be looking for letters to be typed, need forms created for their business; require audio data transcribed or want manuscripts and reports done.
If you like typing, this is a great add-on to your bookkeeping business.
2.
Data Entry This is similar to the word processing category above but tends to be extremely repetitive work.
Clients need mailing lists created and databases kept up to date.
This can be steady work if you can handle it, but can also tend to be mind-numbing.
3.
Tax Returns Many bookkeepers are familiar with income taxes so this is a good fit for a bookkeeping business.
This is a valuable skill that can keep you busy for several months of the year if you have the time for it.
4.
Desktop Publishing Businesses are always looking for beautifully created documents to help them look professional.
If you're able to create brochures, flyers and newsletters then you can make some extra revenue providing this service to clients.
5.
Collections A natural extension to handling your client's accounts receivables is offering a Collections Service.
This is another skill in itself and should be billed out accordingly.
Collection reminder letters are readily available on the internet or in books.
Set up a three letter system with the final letter threatening collection action.
Generally this is all it takes before most outstanding balances are paid.
If you have strong nerves for this type of service, you can also offer collection phone calls but make sure that you bill this on a percentage of each outstanding invoice that you collect on.
Bookkeeping itself is a great business to start but by adding additional services you can maximize the amount you earn from each client and reduce the number of clients that you need in order to succeed.
They do this not only to keep things more interesting for themselves but also to provide their clients more services and increase their revenue potential per client.
So here are five potential revenue-generating services for your bookkeeping business: 1.
Word Processing / Secretarial Services Some clients are looking for more than bookkeeping and instead would like to contract out secretarial work as well.
They might be looking for letters to be typed, need forms created for their business; require audio data transcribed or want manuscripts and reports done.
If you like typing, this is a great add-on to your bookkeeping business.
2.
Data Entry This is similar to the word processing category above but tends to be extremely repetitive work.
Clients need mailing lists created and databases kept up to date.
This can be steady work if you can handle it, but can also tend to be mind-numbing.
3.
Tax Returns Many bookkeepers are familiar with income taxes so this is a good fit for a bookkeeping business.
This is a valuable skill that can keep you busy for several months of the year if you have the time for it.
4.
Desktop Publishing Businesses are always looking for beautifully created documents to help them look professional.
If you're able to create brochures, flyers and newsletters then you can make some extra revenue providing this service to clients.
5.
Collections A natural extension to handling your client's accounts receivables is offering a Collections Service.
This is another skill in itself and should be billed out accordingly.
Collection reminder letters are readily available on the internet or in books.
Set up a three letter system with the final letter threatening collection action.
Generally this is all it takes before most outstanding balances are paid.
If you have strong nerves for this type of service, you can also offer collection phone calls but make sure that you bill this on a percentage of each outstanding invoice that you collect on.
Bookkeeping itself is a great business to start but by adding additional services you can maximize the amount you earn from each client and reduce the number of clients that you need in order to succeed.
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