does anybody have just one client?

Exploring Bookkeeping as a Side Hustle: Managing Just One Client

Are you considering taking up Bookkeeping as a side gig with one or two clients? Here’s what you might want to know:

How Many Hours Would It Require?

Managing Bookkeeping for just one or two clients can vary greatly depending on their specific needs. It could be a few hours a week or more, depending on the complexity of their financial matters.

Is Remote Work an Option?

Yes, bookkeeping can often be done remotely, allowing you to manage tasks from the comfort of your home.

What About Compensation?

Earnings in bookkeeping can differ based on experience, the complexity of the work, and the nature of your agreement with the client. Researching local rates and industry standards can give better insights.

Could It Fit with Childcare?

A bookkeeping side hustle can be flexible, potentially allowing it to fit around childcare duties. It might be beneficial if you’re looking for work that accommodates a stay-at-home lifestyle.

I just recently stumbled upon this career path, so if some of my queries seem a bit off, don’t worry! 🤭

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One response

  1. Absolutely, it’s entirely possible to have just one or two clients as a bookkeeper, especially if you’re looking for a side hustle. Let me break it down for you:

    1. Having Just One Client

    • Feasibility: Many bookkeepers start with just one client. It can be a small business, a freelancer, or a professional who needs help managing their financial records.
    • Benefits: Managing the books for a single client allows you to focus and maintain a high level of attention to detail.

    2. Bookkeeping as a Side Hustle

    • Getting Started: Bookkeeping can definitely be a side hustle. It’s a flexible job that can be adapted to fit your schedule.
    • Experience Required: While advanced Bookkeeping tasks may require experience or certification, basic bookkeeping can be managed with a good understanding of financial software like QuickBooks or Xero.

    3. Time Commitment

    • Hours Per Week: The number of hours will vary based on the volume of transactions and the client’s specific needs. Typically, for one small client, you might expect to spend between 5-10 hours per month. If you are handling more complex tasks like payroll or extensive data analysis, it could be more.
    • Flexibility: This can often be scheduled around your other commitments, making it especially manageable as a secondary job.

    4. Working Remotely

    • Remote Work: Yes, bookkeeping is one of the professions that can be carried out completely remotely. Many bookkeepers work from home, communicating with clients via email, video calls, or using cloud-based tools.
    • Tools and Software: You’ll need reliable internet and familiarity with Accounting Software as clients often prefer online bookkeeping services.

    5. Pay Expectation

    • Rates: The pay for bookkeeping can vary widely depending on location, experience, and the complexity of the client’s needs. On average, freelance bookkeepers might charge anywhere from $25 to $50 an hour. With certifications and experience, rates can increase significantly.
    • Billing: Some bookkeepers opt for monthly retainers rather than hourly rates. This provides stability in terms of income.

    6. Compatibility with Childcare

    • Flexibility: Since bookkeeping tasks can often be done at any time of the day, it can be very compatible with taking care of kids. You can work during naps or in the evenings.
    • **Work-Life Balance

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