Career Planning for Freelance Bookkeeping Jobs

Freelance bookkeeping is good work, but career planning can be difficult. This is very much a client-based line of work, and you need to be working on a “good business” basis all the time. To effectively plan a career, you need to mix the jobs with a good client base and selective business decisions.

Freelance Bookkeeping Issues

The problems with freelance bookkeeping can be described in two words: erratic jobs. Cash flow is a primary business issue, and to work as a freelancer you need to be well-organized. You need to make the work pay and build a good network of clients to maintain income.

These issues feed directly into the career planning situation. To achieve career goals, you must manage your jobs and structure your business processes for the best results.

Career Dynamics in Freelance Bookkeeping

The basic career progression of freelance bookkeepers starts with experience. The experience, in turn, expands the range of business opportunities. This is the key to career planning. Experienced bookkeepers can work in almost any area of commerce or private bookkeeping. Freelance bookkeepers select commercial streams where their services get best returns.

These streams of commercial practice are important business opportunities for bookkeepers. They allow freelancers to select profitable lines of business and tailor their services into good business models as well as cash flow. It’s not at all unusual for a freelance bookkeeping service to provide most of the backup for local businesses and other clients.

If this sounds like freelance bookkeeping is a good line of business, it is. You can work with multiple clients, do a lot of good business and create a great business network.

Career Planning Options

As a freelancer, you’ll develop your own preferred methods of working and definitely develop preferences in the types of work you do. You’ll also have your own ideas about the best clients and most cost-effective lines of business to work with in your area.

These preferences are the beginnings of creating your career goals. You develop your career goals as you ponder ways of developing your business. If you want to provide full bookkeeping services to businesses, your goals will develop along those lines. If you want to provide services to local accountants, you’ll specialize in doing business with accountants. The jobs are both called “bookkeeping,” but they’re quite different in practice.

Putting Your Career Plans into Practice

These options provide a series of alternatives for working business plans. Working as a freelancer, your business is always based on "what works." Career goals usually take some work, and you’ll also be watching the bottom line, as you should, while you work on your goals.

Take this situation for example:

Your goal is to provide services to accounting firms. This is good business, it’s work you like, and it’s excellent in terms of cash flow.

To work with accountants, you need strong credentials and references. That means you need to build a resume of work in this field. You’ll need to start small, doing basic work, and build your business profile.

As you can see, this is all progressive development. Your plans will work out best with a balanced approach to business and aspirations.