Archive for the ‘Running Your Bookkeeping Business’ Category

Does Your Home Bookkeeping Business Need a Fax?

Do you find yourself struggling with how to setup a fax for your home bookkeeping business? Should you get a separate line?  Or should you get a distinctive ring fax number?
When I first started out, I struggled with this issue as well.  I tried the distinctive fax number system and that worked for awhile.  Then I started getting really busy, so between my phone and fax ringing constantly, it turned into a total nightmare and drove me nuts.


So I signed up for an eFax online system to receive all my faxes. I still use my home phone number (and fax machine) to scan and send out my faxes.

But now all my incoming faxes get sent to my email in a PDF format. Plus, I get to decide which ones to print out and which ones to delete (saves on paper).  Problem solved — to the tune of $12 a month.
Also, I archive my faxes in my email for several months so that I can always go back and reprint a fax in case I’ve misplaced something (this has actually saved my butt a couple of times).  You can’t do that with a normal fax machine.
So, if you’re struggling with the same fax issue for your bookkeeping business, I highly suggest you check out an online fax service.  It’s not complicated, even if you’re not very tech-savvy.
I use eFax and they’ve been very good to work with.  I always receive my faxes on time and they charge my credit card automatically each month so it’s totally hassle-free.

Do you find yourself struggling with how to setup a fax for your home bookkeeping business? Should you get a separate line?  Or should you get a distinctive ring fax number?

When I first started out, I struggled with this issue as well.  I tried the distinctive fax number system and that worked for awhile.  Then I started getting really busy, so between my phone and fax ringing constantly, it turned into a total nightmare and drove me nuts.

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Avoid a Problem Client When You Are Contract Bookkeeping

When you’re in the business of contract bookkeeping, it’s inevitable that sooner or later you’ll run into a problem client.  So what can you do to avoid having to deal with these types of clients?  There are a few steps you can take:

1. Be very picky about the clients you take on.  Don’t take on every business that comes your way.  Ask how long they’ve been in business because, statistically speaking, if they’re new in business there’s a good chance they won’t be around for very long.


2. If a client tries to negotiate your rates, you may have problems getting them to pay your bill later on.  So watch out for people who like to haggle.
3. Have every client sign a contract with you that states your rates, hours of operation, scope of services and your billing periods.  If you discuss these issues when you first take on clients, you’ll find that you’ll have much fewer problems with them later on.
4. Have a client pay you a retainer up front before you start work especially if you suspect that you may have problems collecting payment from them.  Then once one retainer is used up, rebill them for another.
5. Make sure you bill your clients regularly (such as at the end of each month, or at the end of each job).  If you client hasn’t paid your bill as quickly as you’d like, a friendly phone call is usually all it takes to get them to send you a check.  If you do this consistently your clients will be “trained” that you expect payment promptly and will usually do so.
If you take these steps when you’re contract bookkeeping you’ll find that you can avoid problem clients.  Who wouldn’t want that?
When you’re in the business of contract bookkeeping, it’s inevitable that sooner or later you’ll run into a problem client.  So what can you do to avoid having to deal with these types of clients?   Read the rest of this entry »

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Pros and Cons of Being an at Home Bookkeeper

If you’re thinking of being an at home bookkeeper, you should know that there are both pros and cons of working at home.

I’ll start with the cons, so we can get them out of the way:

You can get lonely

As annoying as that co-worker who never shuts up is, having no one to talk to all day can be rather depressing and make you feel lonely. So make sure you take time out to occasionally have lunch with a friend or chit chat with your clients on the phone. It can really make a difference in how you feel. Read the rest of this entry »

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My Bookkeeping Business Mistakes Revealed

I did an interview with Gabrielle Fontaine of TheFreelanceBookkeeper.com. She grilled me about the mistakes I’ve made and lessons learned when I was first starting my bookkeeping business. You can read it here:

http://www.1stratebooks.com/bookkeeping-interview.htm

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What Are The Hidden Costs of Not Backing Up Your Bookkeeping Data?

If there is one lesson that I have learned well as a freelance bookkeeper, it is this…if you don’t backup your accounting data, you might as well hang up your shingle.

I’ve always been one to do weekly backups and this practice has rewarded me time and time again. I’ve found that hard drives and motherboards are notorious for frying out, even when a computer is fairly new.

I’ve even had several hard drive failures on the same computer. I’ve always had backups of my essential accounting and administration files so this has never resulted in a major problem. The computer techiess were always able to restore all of my data so the only thing I lost was the down time in having my computer in the shop. Read the rest of this entry »

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The Dumb Mistakes Most Bookkeepers Make When Taking on New Clients

If you’re a freelance bookkeeper who is building your bookkeeping business, there are certain clients that you need to avoid to save yourself from constant stress. These are the clients who either:

1) don’t pay their bills,

2) have years worth of paperwork in boxes and

3) who are too difficult to work with.

I’ll go into further detail on each of these types of clients and give you strategies to help deal with them. Read the rest of this entry »

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