5 Freelance Accounting Jobs to Consider

Freelance accounting jobs can be excellent businesses. They can pay much better than a salaried job, if you're prepared to put in the effort and hard work to make the business fully operational. You can enjoy a lot of flexibility in freelance accounting jobs, and if you're a specialist, you may find you get more work than you can handle. When doing freelance accounting jobs, expect to work hard, perhaps harder than ever. Everything in this work is your responsibility, and it's quite different from the "organization mode" of work.

You may consider these five types of freelance accounting jobs as you begin your freelance career.

1: Taxation

The client base for freelance accounting jobs in taxation consists of local businesses and individuals. This is very like the "local accountancy business" where you're serving a range of clients across a broad spectrum of needs.

2: Business Accounts

Businesses with overflow accounts often seek regular assistance. This type of business usually works best in a city environment, where the demand is higher. You can expect to get a pretty broad range of work in this field.

3: Individual Financial Accounts

This is also in some cases a form of financial advisory work. Make sure you check any licensing requirements before you provide this type of service. As you can see, the range of clients and the range of work overlaps, but the different types of clients can produce multiple forms of demand for your services. For freelance accountants, this situation can pose a few problems, because of the areas of specialization like tax, where you may be able to offer an accounting service, but not a taxation accounting service.

4: Projects

Project account work is excellent resume-quality work, and it pays very well. Because project work is highly diversified, it may involve working with a range of elements in accounts administration, particularly in construction and IT projects.

5: Contracts

Freelance accounting jobs based on contracts are highly variable. You complete specific tasks, often over the life of a business venture.

Important Issues for Freelance Accounting Jobs

There are several important issues to recognize in freelance accounting jobs:

  • This is exactly like a normal accountancy business, in terms of the services provided.
  • The standards of performance are identical to mainstream jobs.
  • The income from freelance accounting jobs has to be viewed realistically.
  • There's often a lead time to getting to the point where you can make a living.
  • Clients can produce a lot of return business.
  • All legal and licensing obligations related to mainstream accounting apply to freelance accounting jobs, no exceptions.

Finding Freelance Accounting Jobs

For a look at the nature of the freelance accounting job market, check out professional freelance sites like the big U.S. site, iFreelance. This site uses a bidding system, where professional freelancers give competitive quotes for projects advertised by clients.

(Note: This site also allows you to sign up as a provider and post a personal profile. Remember to include a full, well-presented range of your services and include your experience, qualifications and licensing.)