Bookkeeping and accounting services

Recurring or catch-up bookkeeping, payroll and billing work, delivered as a service or by acquiring an existing practice.

3 creators independently cover this, across 4 variations.

Sources: Chris Koerner on The Koerner Office Podcast · David Heacock · My First Million

Niche recurring bookkeeping, payroll, and medical-billing service

David Heacock — 100% REMOTE Boring Businesses (That Almost Never Fail)

Provide recurring, document-heavy financial or administrative services that customers find painful and that can be made more efficient with AI-assisted document processing.

Problem: Customers avoid complicated recurring work, and mistakes in bookkeeping, billing, payroll, or reconciliation can cost them money.

For: Businesses that need bookkeeping or payroll, doctor's offices that need medical billing, and other narrowly defined business niches.

Examples

Bookkeeping: businesses need their books closed every month, creating recurring customer payments.

Overnight bookkeeping cleanup service

Chris Koerner on The Koerner Office Podcast — 5 Ways to Make Money From an AI the Government Fears

Process neglected bookkeeping and financial records overnight, then review and return cleaned-up books to small and medium-sized businesses on a rapid schedule.

Problem: Bookkeeping cleanup is tedious, often delayed and commonly turned down by bookkeepers who prefer other work.

For: Small and medium-sized businesses with overdue books or financial records, plus bookkeeping firms with unwanted overflow cleanup work.

Examples

Overnight turnaround shop: The proposed service charges roughly $3,000 per cleanup, with one cleanup per week described as capable of producing six figures per year.

Outsourced dental insurance and revenue-cycle back office

My First Million — 3 killer businesses hiding in plain sight

Take over the administrative work behind a dental practice's revenue cycle, using AI, computers, and specialized staff to verify patient insurance, interpret billing codes, file claims, and resolve rejected or incorrectly billed claims.

Problem: Dental practices lose revenue when insurance claims are rejected, billed incorrectly, or not paid, while maintaining an in-house back office creates staffing and overhead costs.

For: Dental practices that employ staff to handle insurance verification, billing, and claims administration.

Examples

Daydream Dental provides outsourced dental back-office services and was described as generating close to $10 million in annual revenue in its second year.

AI-enabled bookkeeping and accounting-practice acquisition

Chris Koerner on The Koerner Office Podcast — AI is STEALING These Jobs! Here's How to Profit

Acquire small accounting practices or mom-and-pop bookkeeping firms and use AI to enable employees to handle more clients.

Problem: Accounting firms face AI disruption and can use AI to increase employee productivity and client capacity.

For: Small accounting practices and bookkeeping firms that can be acquired and made more productive.

Examples

Small mom-and-pop bookkeeping firms: identified as acquisition targets for an AI-enabled accounting model.