Freelance Accountant: Job Description, Income & How To Apply

freelance accountant

We’d recommend QuickBooks or Xero as these are the most well-recognised and therefore may already be in use by your clients. However, if you’ll be using the software yourself for a number of clients, we’d recommend choosing one that you’re most Navigating Financial Growth: Leveraging Bookkeeping and Accounting Services for Startups comfortable with. Once registered, they’ll send you a unique tax reference, which you should keep hold of to submit your tax returns. They offer a range of strategic financial services and have a reputation for quality and professionalism.

Pros and Cons of Freelance Accounting

Saadat is a finance executive with 30 years of enterprise leadership experience at Shell, Johnson Controls, and Schlumberger across six countries and three continents. With deep expertise in FP&A, accounting, business planning and management, auditing, and ERM, Saadat has led major initiatives and won the Shell Global CFO Award and JCI’s Merit Award. He adds exceptional value to enterprise and team success through collaborative and decisive leadership. PARO is more specific to financial services, and accounting is listed among jobs such as bookkeeping, financial analysis and planning services, and even CFO services. Of course, there are exceptions, such as the end of tax season when you can expect to have a lot of clients and work coming in.

  • Look for jobs posted on reliable websites for freelancers or virtual assistants as well as on specific sites for accountants.
  • Fiverr’s name comes from the original price for all services being just $5, which makes it clear why it’s our pick for a budget-friendly site.
  • Upwork then analyzes your needs and sorts through its thousands of freelancers to select the right fit, providing you with a shortlist of Upwork’s best candidates for you to choose from.
  • You should also do some research on the rates other accountants in your area are charging.

Gain experience

In the freelancing world, you’re more likely to get jobs if you have a positive online presence. Start by building your LinkedIn profile and making sure your other social media accounts are professional. Whether you’re still a student or already working in the field of accounting, you might decide that freelancing is right for you.

freelance accountant

Where to find accounting and bookkeeping freelance jobs?

Some business owners who wish to manage their accounting hire bookkeepers to handle the administrative tasks of accounting. Entrepreneurial skill sets are highly important for a freelance accountant. Freelance accountants must be able to manage their time well because of the many parts of the accounting cycle.

  • Her extensive background in payroll, bookkeeping and management makes her an invaluable resource for clients to utilize.
  • Kevin is an experienced financial analyst and accountant who has experience working on buy and sell-side transactions.
  • An Ernst & Young veteran, Jin has worked at large enterprises such as Sinopec and Vitol, before transitioning to working with startups.
  • This comes with the added stress that you won’t find in a regular full-time job.
  • As part of determining how to price your services, you should figure out how much income you need to get by on personally and for your business.
  • And unless you already have contacts that could take you on as a freelancer, this task could be quite time consuming, so it’s worth factoring this in.

🔥 Grow your freelancing in 5 minutes a week.

There are loads of accounting platforms on the market, and many offer a 30-day free trial, so you can have a play around and see which one suits you. This could be a professional website showcasing your services, qualifications, and testimonials from previous clients. Along with your own website, take advantage of websites for bookkeepers and freelancers such as Upwork, Fiverr, and Freelancer. First, ensure you have the necessary qualifications and skills, typically a degree in accounting or finance and familiarity with accounting software. On the other hand, Fiverr provides access to a wide variety of freelance accountants with diverse skills and price points. You can easily see a list of top accounting freelancers with their qualifications, any relevant degrees or certifications, location, and rates.

Best for Service-Based Businesses

Peena works with our clients to provide them support in the day to day operations of their business. Her extensive background in payroll, bookkeeping and management makes her an invaluable resource for clients to utilize. Non-freelance accountants who have recently qualified can expect to earn £30,000 per year on average. The average salary for chartered accountants who are employed full-time is roughly £85k per year with a bonus of over £17,000. Colson Strategies is a platform that specializes in finance and accounting professionals, which means you’re likely to find someone with the specific expertise you need for your business.

Is a Freelance Accountant’s Job Stressful?

freelance accountant

It’s so easy to devote time to your client’s businesses while you keep putting off your own finance books. Prioritize your business matters, track your accounts, prepare thorough reports, and manage everything at your end. Decide which social media you’d like to use for your business and start sharing your insights and experiences. This can help you gain a larger audience, expose your skills to potential clients, and get your name out there as a trusted advisor. While you share your experience with others, this acts as a marketing tool for you.

You can filter accountants based on their specialty and what markets they have experience in, making it perfect to find the right bookkeeper for the job. Accountants can connect with you for recurring work with a specific client, or even full-time contract work. This means you’ll be able to find accountants for a variety of different projects at varying tenures. Colson Strategies even provides a free bookkeeping checklist for any business owner to track expenses and manage money better on their own. By hiring an experienced freelance accountant you can offload the burden of keeping your books in order to someone who specializes in exactly that. This frees you up to focus on the higher leverage tasks of running and managing your business.

Accounting & Bookkeeping

Fortunately for today’s qualified workers, the gig economy is flourishing, and it offers accountants another opportunity to build a viable career. If you have substantial accounting training or are currently training to be an accountant, you should explore what working as a could look like for you. Therefore, training as a bookkeeper is a great entry into becoming a freelance accountant.

However, when you become a, you still enjoy control of your hours, workload, and clients, which could mean a greater work-life balance overall. Being an employee for an accounting firm or a salaried accountant by another company obviously has its own perks. These of course make it a more appealing option to those who are looking for stability in their life.

With software getting more sophisticated, you can really automate a large portion of your job as an accountant. Because if a program can do a task within seconds, why spend hours on it? Surround yourself with technological tools that’ll really boost your business and improve the quality of your time spent working.

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