Bookkeeping is the score board for business performance. This means that business owners need to know how well (or poor) they're performing each month. Highly profitable. According to Inc Magazine, bookkeeping is the #1 most profitable side-hustle / business.

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.

Retail businesses, such as clothing stores, grocery stores, and restaurants, need bookkeeping services to keep track of inventory, sales, and expenses. Accurate bookkeeping helps these businesses manage their cash flow, identify trends in customer buying habits, and make informed pricing decisions.

Virtual bookkeeping rates may vary, but it's still one of the most lucrative jobs you can get as a stay-at-home parent. You can earn $20 to $50 per hour by providing bookkeeping services to businesses. The rate may vary depending on your location and the complexity of your bookkeeping tasks.