ACCOUNTING IS AN INDUSTRY that is seldom thought of as a source of new business ideas. Best 30 Business Ideas in Accounting Industry However, many entrepreneurs and start-ups get their initial boost from the accounting industry. With the advance of technology, almost every small business owner wants to have an online accounting system in order to keep track of his/her expenses and earnings.
These small business owners wish to have online accounting software to manage their receivables, payables, and other financial transactions. There are several big and small businesses that provide such unique solutions and one can select the best fit based on the requirements of his business.
If you need a systematic approach for processing your accounts, tax consulting services are another market to look at. Accounting services are in high demand, especially when it comes to small business owners that want to have a professional opinion or tax consulting.
There is also a great deal of opportunity for growth in the business process outsourcing (BPO) industry. Most companies are now outsourcing their back-office operations such as accounting, customer relations management (CRM), human resources management (HRM), and payment processing.
When it comes to selecting the one with the best business ideas, you have to make sure that you are getting a full package of necessary tools for your accounting needs. If you are looking for online accounting software, make sure that they offer not only invoices, but also other tools such as inventory management, project management, and customer relationship management.
It would be great if you could find an online accounting package that does it all, but even if you cannot find one, make sure that your chosen product has the features that are essential to your business.
Best 30 Business Ideas in Accounting Industry
1) Invoice Management Services
2) Online Accounting Software
3) Tax Consulting Services
4) Business Process Outsourcing (BPO) Services
5) Account Receivable Financing
6) Payroll Management Services
7) Financial & Investment Advisory Services
8 ) Time & Expense Tracking Software
9 ) Accounting for Insurance Professionals
10) Billing Software as a service (BSaaS) provider
11) Accounting Compliance Services
12) Outsourced CFO Services
13) Cloud-based accounting software solutions
14 ) Business Intelligence & Big Data Analytics Solutions for SMB’s
15 ) Back Office Accounting Support Service Provider
16 ) Tax Filing & E-filling Services
17) Mortgage Refinancing & Loan Servicing
18) Credit Card Processing Company
19) Xero Partners
20 ) Accounting services for start-ups/small businesses.
21 ) Accounting & Financial Modeling Training
22 ) Accounting software educational courses and certification programs.
23) Incorporation services provider
24) Bookkeeping Services.
25) Forensic accounting services.
26) Outsourced Accounting & Bookkeeping Services Provider.
27) Social media for accountants.
28 ) Accountant Directory
29) Accounting software reseller
30) E-commerce accounting
This is just the tip of the iceberg when it comes to accounting main markets. There are many more ideas that we could think of and we will try to add more in our future posts.
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PS: If you are looking for a productized accounting service, do check out XB Software’s accounting solution here. Thank you!