Challenges bookkeepers face Most people would say that the work of a bookkeeper is hard. In addition to having basic bookkeeping education, one should be familiar with laws. Frequent changes in the legislation further complicate this work.

Accounting Software Keeping your books accurate and up to date is something you are likely already on top of as a bookkeeper, so using services such as Xero, QuickBooks, and FreshBooks to automate some of your processes and organise/store your accounting data in the cloud.

A bookkeeping side hustle offers incredible flexibility. It allows you to balance work with personal life. It also opens opportunities to work with a wide range of clients from different locations.

Yes, a bookkeeping business can be very profitable. In fact, ZipRecruiter reports that the national average income for an independent bookkeeper is $56,100, though some report income as high as $122,000. The cost of doing business is relatively low, mostly related to bookkeeping software, so profit margins are high.