Is It Possible to Manage Bookkeeping with One or Two Clients?
Have you ever considered taking up Bookkeeping as a side hustle with just one or two clients? Here are some of the questions you might have:
- How many hours would it involve?
- Can it be done remotely?
- What could you expect in terms of pay?
- Is it compatible with taking care of kids?
I’ve just stumbled upon this career option a few days ago, so apologies if my questions seem a bit off! 🤭
One response
Absolutely, it makes perfect sense, and you’re definitely not alone in wondering if you can kickstart a Bookkeeping side hustle with just one or two clients. Here’s a detailed answer to your queries:
1. Can You Have Just One Client?
Yes, many professionals start with just one client. Having one client could be an excellent way to gain experience and build your client base gradually. Starting with a single client allows you to tailor your services specifically to their needs, which can enhance your learning and specialization in Bookkeeping.
2. Bookkeeping with One or Two Clients as a Side Hustle
Bookkeeping is a flexible career that can be pursued as a side hustle. Many people manage part-time bookkeeping work alongside other commitments. With proper time management, it can be a great way to earn extra income while acquiring valuable financial skills.
3. Hours Needed for One or Two Clients
The number of hours you’ll spend depends largely on the size and complexity of your client’s business. For small businesses or solo entrepreneurs:
– 1 Client: You might spend around 5-10 hours per month, handling tasks like data entry, reconciling bank statements, generating basic financial reports, and invoicing.
– 2 Clients: This could double your workload to 10-20 hours a month.
4. Remote Work Possibility
Certainly, bookkeeping is highly adaptable to remote work, thanks to digital tools and cloud-based Accounting Software like QuickBooks Online, Xero, or Wave. You’ll need a reliable internet connection and basic software knowledge to perform tasks remotely.
5. Expected Pay
Pay can vary based on several factors, including your experience, the complexity of the tasks, and the rates in your region:
– Beginner Bookkeepers: May charge around $20-$30 per hour.
– Experienced Bookkeepers: Could earn $40-$60+ per hour.
Salaries or hourly rates also depend on whether you’re offering basic bookkeeping services or more comprehensive Accounting functions.
6. Compatibility with Childcare
Bookkeeping can be quite compatible with childcare responsibilities. Here’s why:
– Flexible Hours: Many aspects of bookkeeping don’t require working within standard business hours. You can often set your own schedule.
– Balancing Tasks: You can split your work into smaller chunks throughout the day, balancing it with parenting duties.
Conclusion
Starting small with just one or two clients is a practical and achievable goal, especially if