Free Accounting & Bookkeeping Business Plan Template + Example

accounting and bookkeeping services business plan

Bookkeeping puts all the information in so that you can extract the necessary information to make decisions about hiring, marketing and growth. Please note that this is just a template and should be modified to fit your business’s specific needs accounting and bookkeeping services and goals. Feel free to add, remove, or edit any sections as necessary to better reflect your company and its plans. It is important to tailor your business plan to your unique situation to communicate your vision and strategy effectively.

accounting and bookkeeping services business plan

But also highlight any experience that you think will help your business succeed. While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows. As you can imagine, the customer segment(s) you choose will have a great impact on the type of bookkeeping business you operate. Clearly, families would want different pricing and product options and would respond to different marketing promotions than established businesses.

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An accounting firm business plan is a detailed plan that outlines the goals and strategies of an accounting firm. Accounting firms are similar to other businesses and need the plan to help guide their growth. Use this accounting firm business plan template to create your accounting firm business plan. Since the information gathered in bookkeeping is used by accountants and business owners, it is the basis of all the financial statements generated. Most accounting software allows you to automatically run common financial statements such as an income and expense statement, balance sheet and cash flow statement. Business owners or accountants can then use these statements to gain insight into the business’s financial health.

  • Lastly, for data protection, you will require a robust security system that will cost you $250-$500 annually.
  • The company will encourage its clients to refer others by providing economic or financial incentives for every new client produced.
  • For instance, both the American Institute of Professional Bookkeepers (AIPB) and the National Association of Certified Public Bookkeepers (NACPB) offer certification programs.
  • Traditional business plans use some combination of these nine sections.
  • Instead, use the sections that make the most sense for your business and your needs.
  • However, the second, the Upmetrics method, is an innovative method that uses the Upmetrics financial forecasting tool.
  • In addition, [Owner.Company] will offer free initial consultations and discounted rates for new clients to attract business and establish relationships.

As a general overview of how to start a business plan template for home bookkeeping, you may offer the following services. Download this business plan template, with pre-filled examples, to inspire your own plan. You will likely want to establish https://www.bookstime.com/articles/independent-contractor-vs-employee a business banking account and credit card. This can help you keep your own business expenses organized and separate. If you plan to hire employees, such as an administrative assistant, you may also want to seek a small business loan.

Tips for reducing bookkeeping startup costs

Seattle has thousands of individuals and small businesses that would benefit from affordable bookkeeping services. OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you. As a licensed and standard bookkeeping firm, you can offer a huge range of consulting solutions to a huge range of clients’ base. Your target market may be ranging from different industries and sizes.

accounting and bookkeeping services business plan

Ohana Accounting LLC is the partner small business owners count on for accurate accounting services, smart bookkeeping solutions, and valuable tax strategies. As a business owner who’s in charge of so much, managing your finances can become complicated and tedious, even with the best accounting software. Let us take these important tasks off your plate and design a coordinating tax plan to maximize revenues while you focus on the daily operations of your business.

How Much Should I Charge My Bookkeeping Clients?

On the other hand, accountants are generally equipped with an accounting degree and may even be state-certified CPAs. You can expect most bookkeepers to maintain the general ledger and accounts while the accountant is there to create and interpret more complex financial statements. ​[Owner.Company] will use a combination of traditional and digital marketing techniques to reach potential clients.

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