Bookkeeping Business

Business Idea: Start A Bookkeeping Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$62.5K
Avg Startup Costs
$11.7K
Market Size
Avg Revenue
Avg Days To Build
60 days

A bookkeeping business keeps track of monies coming into and out of business and maintains an accurate financial record, as per the International Association of Bookkeepers.

As a bookkeeping business, your role is to help small and medium-sized enterprises in the:

  • Preparing their year-end tax and VAT returns
  • Keeping on top of day-to-day cash flow
  • Running finances efficiently

To become a bookkeeper, you must be accurate in your work and understand financial topics well.

Revenue & Profitability

How much do bookkeeping businesses make?

Startup Costs

How much does it cost to start a bookkeeping business?

  • It can cost as low as $497 to start a bookkeeping business.
  • It can cost as high as $50,000 to start a bookkeeping business.

Learn more about the costs of a bookkeeping business.

Examples Of Successful Bookkeeping Businesses

Successful bookkeeping business businesses and case studies

CFOAF, founded by Byron Wolfe, quickly reached $1M in accrued revenue in its first year by offering top-notch CFO services to small to midcap companies, specializing in managing high-level financial decisions, minimizing tax burdens, and providing business growth knowledge across various industries.

$100K Monthly Revenue
$50K Startup Costs
Read by 1,700 founders

A case study about FreeCashFlow.io, an accounting agency that specifically caters to the financial needs of Onlyfans models and entrepreneurs, helping them with bookkeeping, taxes, and financial management, all while overcoming the stigma associated with the industry.

$25K Monthly Revenue
$500 Startup Costs
Read by 6,790 founders

See full list of successful bookkeeping businesses.