The Income. It is absolutely doable to hire a team, keep your hours low, keep your presence high, and still have your bookkeeping business be wildly profitable…as in, five-figure months and six-figure salary years profitable.

Here's an easy way to think about it—bookkeepers lay the groundwork by recording financial transactions so that accountants can analyze financial statements and provide strategic recommendations.

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.