Bookkeeping


H

HS

Ok...here goes...

Does anyone know how to start finding clients for bookkeeping? What the
schooling requirements are? And what the going rates are?

If it matters or helps I am in Alberta, Canada.

Thanks
 
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B

Bob

HS said:
Ok...here goes...

Does anyone know how to start finding clients for bookkeeping? What the
schooling requirements are? And what the going rates are?

If it matters or helps I am in Alberta, Canada.

Thanks

If you do not know anything about bookkeeping / accounting you should
inquire about taking classes at your local college or business school and
possibly get a degree, then get some practical experience. After that,
worry about "finding clients" and rates !
 
P

Paul

HS said:
Does anyone know how to start finding clients for bookkeeping?
Yes.


What the schooling requirements are?
Yes.


And what the going rates are?
Yes.


Was there something else you needed?
 
S

Stephanie Serba

Frankly, the Canadian Institute of Bookkeepers and the other "certified"
bookkeeping associations are a "nice to have" but in 6 years I have NEVER
seen an employer or potential client requiring a "certified" bookkeeper.
However, that does not mean you should not have at the very least
introductory and intermediate financial accounting, cost and managerial
accounting. Mathematics of finance (quantitative methods) is good to have to
understand the time value of money as well.

Most people looking for a bookkeeper want one of two things: A) a data entry
clerk (enter vendor bills, pay vendor bills, enter customer invoices,
receive payments) or B) they want an accountant/controller (albeit junior
and without the cost of a CA or CGA) meaning they want someone to run
payroll, reconcile accounts, pay GST and PST, pay payroll taxes (EI, CPP,
income tax withheld, EHT, WSIB), do month end adjustments for deferred
income, prepaid expenses and depreciations.

For option A: 2 years of continual experience as either an A/P or A/R clerk,
accounting clerk or junior bookkeeper with a full set of books (working with
a senior bookkeeper or controller). With option B: definitely at LEAST 4
years of solid full-cycle bookkeeping experience including at least 2 years
of doing the monthly stuff mentioned under B including year-end, and WSIB &
EHT reconciliations and T4 summaries.

Finding clients is another issue all together. Join the local chamber of
commerce or board of trade. Call accountants in your area. They often get
busy and need someone for relief for data entry, and at tax time. They may
take the time to teach you Caseware and ProFile. Call other businesses in
your area, they often need help at year-end. Make sure you have at least 2
scripts prepared, one for the voicemail which you will inevitably get, and
one for the decision-maker, who you will have to eventually get to.

Going rates: depends on what you do. I charge anywhere from $18.00 to $30.00
per hour, depending on the task. Call bookkeeping services in your area, get
a list together of the services you plan to offer, and make a survey of the
going rates for those services.

Just remember, most businesses are pretty cheap. I have been offered $9.00
an hour for what an intermediate accountant would be doing. Other places
don't even blink at $30.00 an hour for training or bank reconciliations.


--
Stephanie Serba, AICIA
Partner, Durham Business Outsource
Accounting & Technology
www.dbo.ca
(e-mail address removed)
REMOVE NOSPAM TO REPLY
 
H

HS

I do know a fair amount about bookkeeping and accounting, I am an office
manager and I do all the books for the company I work for. What I am
wanting to do is to find other bookkeeping clients on the side, and I don't
know how to go about that. I am also an accounting student so I have some
courses and I didn't know if there were certain requirements that needed to
be met, or if it was mainly based on knowledge. That why I was asking what I
was.
 
B

Bob

HS said:
I do know a fair amount about bookkeeping and accounting, I am an office
manager and I do all the books for the company I work for. What I am
wanting to do is to find other bookkeeping clients on the side, and I don't
know how to go about that. I am also an accounting student so I have some
courses and I didn't know if there were certain requirements that needed to
be met, or if it was mainly based on knowledge. That why I was asking what I
was.

OK, -- I think Canada is like the US, you can practice "bookkeeping"
without any formal education or knowledge or special certificates, it just
helps. Here it also helps to be a CPA and to know income taxes but that's
still no guarantee of getting clients! I would suggest talking with your
instructors at school or calling local accounting firms to inquire about
part time positions, also familiarity with quickbooks and peachtree or a
similar low-end accounting product is helpful,
 
C

CHALLOUET

hello!
do you speak french?my yes!i am french but i speak english.ok?
by by
camille
 
H

HS

Thank you for the info....one question though...what is peachtree...I use
Quickbooks and Simply but have never heard of peachtree
 
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J

Janice Davis

HS said:
Thank you for the info....one question though...what is peachtree...I use
Quickbooks and Simply but have never heard of peachtree
Peachtree is just another version of keeping books for small companies or
sole proprietorships.
 

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