How much does it cost to start a bookkeeping business? Low startup cost business idea 2019!

[@FinePointsBookkeeping]

Thanks so much for watching! If you want in-depth info and action steps on how to START YOUR BUSINESS IN 30 DAYS, check out my course here (available only in April 2020): finepoints.teachable.com/p/bookkeeper-business-coach

[@elove2.038]

Hi guys! I called quickbooks & inquired about its courses & they walked me through how to sign up for their free course! Its a 12 hour self paced course, then there is a review test after each module & they told me after im done with the entire course, that i will get mock clients to practice with before I actually start bookkeeping. Im excited to learn something new. Wish me luck

[@FinePointsBookkeeping]

Good luck! Looks like you're on the right track.

[@jeffo9147]

Awesome info Erica. Thanks for sharing.

[@elove2.038]

@@jeffo9147 No problem. Best of luck to ya!

[@running.on.duncan]

I was just wondering about an online course, this sounds perfect!

[@t.h.nguyen5193]

Congrats and good luck! Thanks for sharing!

[@basslover8155]

I am starting my bookkeeping business next month thanks to you !

[@FinePointsBookkeeping]

Thanks for watching! Share this with someone who may be looking to work from home. Comment below: what's your business?

[@erikarevis6952]

Thank you! I hadn't thought of my local community college for a QuickBooks class. But as soon as your video was over I quickly jumped on over there and found it offered!

[@FinePointsBookkeeping]

Awesome! That's great! -Gabe (FinePoints Admin)

[@jillbriney2999]

Great info. Sounds easy and affordable!

[@FinePointsBookkeeping]

I'm glad you enjoyed it! Thanks for watching.

[@RelaxingMom81]

Morgan! I just wanted to tell you, thank you for your videos and the information you provide.So far this is a good start for me to get an idea what all needs to be done. Thank you! ♥️

[@DT817tx]

quickbooks online all the way. The banking feature sold it for me plus if a client ever wanted access you dont have to go through a server like you would need for desktop

[@FinePointsBookkeeping]

So true!!

[@hilaryalexander6575]

This is great, Morgan! Thanks so much for the info, I'll be checking in.

[@FinePointsBookkeeping]

Thanks Hilary!

[@miguelverastegui1535]

Beautiful, the information as well. Thank you 🥂

[@mas2108]

I would like to see a video explaining more about the difference between QuickBooks online and desktop, because the web page recommends the online for accounting business, so it’s a bit confusing.

[@FinePointsBookkeeping]

Great suggestion! I'll add that to my list of videos to make. I agree that it's confusing!

[@FinePointsBookkeeping]

kzbin.info/www/bejne/d4WucnVsZt16iNU 😀

[@caitlinlittleford333]

Although I have an old laptop, I will need to get a laptop that has the number keypad for bookkeeping. I use a laptop with the number keypad at my bookkeeping job and it makes a world of difference having the number keypad. I intend to purchase one before I take any clients of my own.

[@FinePointsBookkeeping]

Oh yes, that would make a huge difference :) -Gabe (FinePoints Admin)

[@colleenbarber4539]

Thank you for this!!!! So helpful!

[@TheCartayas]

Amazing video, thank you very much!! God bless you!

[@MuhammadAbbas-edu]

Thank you

[@McGyverFan]

This is so helpful. Thank you.

[@FinePointsBookkeeping]

I'm glad! Thanks Gloria.

[@neddoh4300]

Excellent content. Please invest in microphone. Sound quality is terrible

[@babycakes8434]

Thank you very much. To the point and very informative. I would like to start doing bookkeeping but the technical side of it scares me greatly. I had financial accounting in college and it was my weakest class mainly because of the vocabulary and all the categories where things go. It is very overwhelming to me. I love numbers though. Is there a cheat sheet available so I could study how to categorize things? I am definitely going to take a class.

[@bryanramirez1280]

Another great video, this was very encouraging. That said, to your recollection, what was the time investment you put into it before you started seeing yourself as profitable?

[@johnb9005]

What about business insurance, to cover things such as errors and omissions?

[@Awakening432]

I am a mother of 10, I want to start my own bookkeeping business, please help me, do you have a course I can take?

[@dpksawant]

Knowledgeable stuff

[@roxy1989foxy]

great video thank you so much!! ....volume was kinda low ...

[@FinePointsBookkeeping]

No problem! Yes, thanks for the feedback... I bought a microphone, so hopefully that should help going forward. Take care!

[@tomstreetman8401]

Thank you for posting and sharing this information. I can't seem to find a Quickbooks Pro desktop version for purchase. Have things changed since you posted this video in 2019?

[@FinePointsBookkeeping]

Hi Tom! It should still be available, but the costs may be a bit different now. Krista (FinePoints Assistant)

[@damaged73]

Morning. Just a clarification question. Which QB program allows you multiple clients?? Pro or Premium? I’ve been looking around and there’s SO MANY VERSIONS to choose from. Thanx in advance. ☺️

[@FinePointsBookkeeping]

Get the accountant version!

[@beephex1]

Liability insurance? License or certification?

[@varinder_atwal]

Hello i am interested to do bookkeeping

[@christiestepp7314]

quickbooks at Costco is more than $150 now and you still have to pay for a subscription. I don't think you can get it without a subscription anymore. If you can, please tell me where?!

[@stacyf9582]

My state LLC is $524 per year

[@FinePointsBookkeeping]

Oooh that's high! You must be in CA or NY... It's definitely worth getting the added protection of an LLC, but you could wait to apply until you find your first client. You may want it in place before you do any work though. -Gabe (FinePoints Admin)

[@GiovannaSessa]

Thank you! I love to watch your videos. Encouraging. But.. Should've add you computer (+ scanner) as an Asset, investment from owner (equity) and Internet connection as expense, + anti-virus program. I attending college (upgrade cause I am a BBA and BSc Accountant) and they teach Sage50, 🇨🇦 🙆😊. I want to çlearn everything I can to excell...

[@FinePointsBookkeeping]

Great suggestion!

[@Katherine-nq8fb]

This is so helpful and generous. I want to start a tax business, but I’m worried about forming an LLC - did you get an attorney for that? I understand the process and all the tax implications, but I’m convinced I need to hire an attorney before I can get started. (I would love to be talked out of that, lol.) Anyway, will you please explain how you got through the LLC process without spending another $500 - $1,500? (or provide a link, if I missed your video about this) Thanks so much!

[@FinePointsBookkeeping]

Thanks! I did not get an attorney for it. I agree, the price is daunting. Have you seen this video? I go in to more detail, but let me know if you have more questions after you watch: kzbin.info/www/bejne/jWGbapxva9eVsKs

[@Katherine-nq8fb]

That was excellent -- thanks for the link. I should have found it before I asked, but, well, I got excited :-D It's reassuring to hear from someone who has gone through the process. Thanks so much for getting back to me

[@MrOmer20007]

Hi Morgan, The QB software ( Costco) will it work for two devices such as laptops and desk top ? Thanks

[@freddiepasselli4777]

Hi. I’d like your opinion if possible. I’m a CPA in Florida and pending CFE License. Currently have two years of auditing experience for large companies and governmental entities. Do you think I would need any additional training for bookkeeping? Or should I be able to pick up on most stuff from my day job. I’m looking to start business on the side. Thanks for your videos!

[@BCJames140]

Just out of curiosity, what free bank account do you use? Thanks!

[@ministryformama4111]

Which pricing plan do you use for your Wix site? I'm currently not seeing an option for $48 per year. Also wondering what template you use for your website? Thanks!

[@mrs.howell1905]

Ucraft is free hosting

[@FinePointsBookkeeping]

Cool! Haven't heard of it.

[@morganlaw3022]

🙌

[@annekala9254]

can you use Quick Pro with a Mac?

[@suedepalms]

Does QB Pro Desktop work for a laptop?

[@FinePointsBookkeeping]

Yes, on the computer where you want QuickBooks Desktop installed, you can download the installation files or insert the CD. Then you would install QuickBooks Desktop as you normally would. -Gabe (FinePoints Admin)

[@vanesak5487]

Could I do this for payroll too

[@miatumutch]

In one of your videos I think you mentioned how to get 50% off of Quickbooks Online for 3 or 6 months, and I wanted to use your referral link since you have been so helpful. Do you have a referral link? I couldn't find it on your page

[@FinePointsBookkeeping]

Hi! Thanks so much! Here it is: quickbooks.grsm.io/morganlaw6889 That's best if you're a business owner looking for one subscription. If you're a bookkeeper, get the accountant version. :)

[@freakycookies07]

Did you have previous accounting experience before you got started?

[@FinePointsBookkeeping]

Not really! I learned QB & set up my business, volunteered for a friend, then started getting clients from there.

[@freakycookies07]

@@FinePointsBookkeeping thanks! I am going to be taking a short course that will allow me to call myself a "certified bookkeeper", and I've only had some experience helping my dad since he runs a small heating and cooling company.

[@FinePointsBookkeeping]

@@freakycookies07 That sounds perfect! Have you seen my video about the free QBOA certification? Is that the one you're taking? video: kzbin.info/www/bejne/fmqTgayfd69rgdk my free course that might help you: finepoints.teachable.com/

[@himanshuchaturvedi6161]

Is it applicable for someone not in usa also to start virtual bookkeeping business in usa

[@FinePointsBookkeeping]

Yes! Morgan has done a couple of videos on this topic, as it's a popular question: kzbin.info/www/bejne/joOukIqtbJd1obM -Gabe (FinePoints Admin)

[@amberjacobs1895]

With the desktop version of QB, can you do it remotely? Also, does it ever need to be upgraded?

[@FinePointsBookkeeping]

Yes, you can access your information from another computer, and, yes, it needs to be updated periodically. -Gabe (FinePoints Admin)

[@ryanstephans7530]

Good Evening Morgan, I was wondering if you could give some pointers on setting up your business. For instance, what do you use as a security measure when working with clients confidential information remotely? Also, do you have a separate phone line for your business or do you use your personal phone number?

[@FinePointsBookkeeping]

Here's a video I made about that topic. I just use my personal phone number for clients, seems easiest to me. kzbin.info/www/bejne/gXu5Y4CAfLFmn5Y

[@bobtoro4058]

Hello Morgan, i am Bob in Uganda, Africa. Do you think it's possible for someone from this part of the to get client's. Or is it better to just look for bookkeeping jobs on online markets?

[@jacquier5312]

Just curious do you e&o insurance?

[@running.on.duncan]

Hello! You mentioned taking an online class from a community college - do you have any suggestions for an online Quickbooks class that isn’t associated with a college?

[@FinePointsBookkeeping]

A great (free!) place to start is to get your ProAdvisor Certification from QuickBooks Online Accountant. Have you already watched my video about it? kzbin.info/www/bejne/fmqTgayfd69rgdk

[@running.on.duncan]

FinePoints no I haven’t watched it! I’ll get on that! Thank you!🙂

[@sandramolidor-realtor104]

You mention that you work from home but do you ever meet your clients?

[@FinePointsBookkeeping]

If they are local I do meet with them--definitely for an initial meeting, and usually again for training of some sort. Then, maybe occasionally to check in, or for a special project. If they are in another state, I'll do the "meetings" on a Zoom call. Hope that helps. Are you a bookkeeper?

[@keluchalondono9220]

I already paid for bookkeeping classes. Can I still add that to my business if I haven’t started it yet?

[@FinePointsBookkeeping]

Yes! I just made a video about how: kzbin.info/www/bejne/ZmLSkGmFiq11a5Y

[@whitney6641]

Wait... I thought quickbooks online was free for bookkeepers?

[@FinePointsBookkeeping]

The training is free, and it's free to do your OWN business's books in QBO. Then you have to pay for each client you have (ProAdvisors get a 50% off wholesale price... different depending on the version of QB. From $7/month to over $100). So, over time QBO will add up to more.

[@chrisb795]

Morgan you left out creating the LLC costs

[@FinePointsBookkeeping]

Hi Chris, that was "state license" for $100. :) I didn't use a lawyer so it was inexpensive. Let me know if I'm missing something... it has been awhile since I created my business.

[@FinePointsBookkeeping]

@Jeannie Cline oh man! 😬 We used to live in California and one reason we moved was the cost of living. Hopefully you could charge a higher hourly rate in CA!

[@mrs.howell1905]

I thought QBs online for act is free???

[@FinePointsBookkeeping]

The training is free, and it's free to do your OWN business's books in QBO. Then you have to pay for each client you have (ProAdvisors get a 50% off wholesale price... different depending on the version of QB. From $7/month to over $100). So over time QBO is typically more expensive.

[@TheDreamadiva]

👏🏾

[@crazygamer-yi1uz]

I'm from oregon. What part of oregon are you. I'm in salem.

[@FinePointsBookkeeping]

Nice! I'm in Beaverton. :)

[@reaganhernandez5861]

I was watching another video of yours, and I'm confused.. should I get quickbooks online accountant or quickbooks desktop? like really what is the difference ?? pros and cons.. my plan is to have many clients as a bookkeeper Thank you so much your amazing

[@FinePointsBookkeeping]

Hi Reagan! Morgan recommends QuickBooks Online Accountant. QBO Accountant and QBO Desktop are very different, so you may want to do a little research on both and find out which one is best for you. Krista (FinePoints Admin)