What can I earn?

The table below gives an indication of what can be achieved both working from home then running a small practice with staff.

Sales £41,600 Sales £130,000
£41,600 £130,000
Expenses Expenses
Wages £ 0 Wages £33,280
Rent/Rates £ 0 Rent/Rates £8,000
Marketing £2,500 Marketing £2,500
Stationary/Printing £200 Stationary/Printing £1,000
Telephone/IT £600 Telephone/IT £1,300
Support and Proffesional Fees £1400 Support and Proffesional Fees £1,400
Total Expenses £4,700 Total Expenses £47,480
Net Profit £36,900 Net Profit £82,520
This is an estimate of what you can earn as a bookkeeper working from home. 

Whilst this is achieveable there is no guarantee, the success of your business depends on your efforts and the services that you offer to your clients. The time it will take to build up the business will vary from person to person.

This is an estimate of what you can earn as a bookkeeper working from an office employing staff.

Whilst this is achieveable there is no guarantee, the success of your business depends on your efforts and the services that you offer to your clients. The time it will take to build up the business will vary from person to person.

In addition to your ongoing income, you are building up a business that becomes a valuable asset should you wish to retire and its possible that such practices could sell for 1 to 1.3 times your annual gross fees. 

So you are not only getting a good potential income but also building up a viable asset for when you want to plan to exit your business possibly at retrement or moving on to pastures new.

It really is an investment in your future.

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