Accounting Service

Accounting Service Success Stories [2024]

Pat Walls

•

Updated: October 10th, 2024

Efficient bookkeeping keeps businesses running smoothly. Starting an accounting service leverages your finance skills to help SMEs manage their books, comply with tax regulations, and make informed financial decisions.

The core work involves providing services like payroll management, tax preparation, and financial reporting. With remote work options, you can serve clients worldwide from the comfort of your home office.

This business idea is attractive due to the consistent demand for financial accuracy and compliance. As companies grow, their need for professional accounting services expands, ensuring a steady stream of clients. If you have an eye for detail and a knack for numbers, starting an accounting service can be both rewarding and lucrative.

In this list, you'll find real-world accounting service success stories and very profitable examples of starting a accounting service that makes money.

1. A4E ($96K/year)

Sara, the original founder of A4E, launched the business in 2018 as a tax services company. However, after realizing that many of her tax customers had messy books and low profit margins, she decided to expand the services to include bookkeeping and CFO services. This shift allowed A4E to become a strategic partner for its customers, providing them with comprehensive accounting solutions. Since then, the business has experienced significant growth, with a MRR of $8k and a targeted MRR of $13k by the end of the year.

How much money it makes: $96K/year
How much did it cost to start: $1K
How many people on the team: 2

How We Started A $8K/Month Bookkeeping, Tax And CFO Service

A4E, a full-service accounting business, grew five times from when it started about a year ago when it was only offering tax services, and its current MRR is around $8k with a targeted MRR of $13k, providing 100% done-for-you accounting solutions that combine bookkeeping, taxes and CFO services under one roof and for an amazing value for US-based businesses in tech-related industries and services.

Read this case study

Read by 10,232 founders