An accounting home based business or one which specializes in bookkeeping has a high chance of being successful.

Tax preparation, bookkeeping and accounting services are amongst the most popular home-based businesses in America. This is also true of many other countries in the world.

There are also opportunities to provide tax assistance, accounts receivable, accounts payable, payroll and inventory services.

If you are comfortable working with numbers, good with detail and very well organised its likely you have the attributes required to make a good go of it.

Costs can be kept pretty low. You will probably need a fax machine, computer with spreadsheet, word processing software along with familiarity with some of the more popular accounting packages (like MYOB, Quickbooks, Quicken, Peachtree Accounting) which are easy to learn.

If your already an accounting professional or studying to be one then this is a good way to make a little extra income. It is possible that this side income can turn into a full time undertaking and be the genesis of your own firm.

It’s increasingly popular for smaller businesses to outsource their book-keeping work, only sending their accounts to an Accountant at the end of the year. This has spawned a good market for those with sufficient skills to do this work from their own home.

If you have no background in book-keeping but an interest in beginning this home business, there are usually short courses which can be taken at the local school or technical institute. If you live away from an educational facility then a correspondence course is not out of the question.

In a 2002 study by the U.S. Small Business Administration, the average income for home Accountants was $14,000 compared to all home based businesses reported.

Some Resources to get you started:

Universal Accounting

Accounting Coach

WorldWideLearn Accounting and Finance Courses

Filed under: Opportunities

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