Facts about Freelance Accounting Jobs

If you perform freelance accounting jobs, you will be providing financial information to all sorts of clients. This information would be utilized by managers, investors and other decision makers to make the necessary resource allocations. For an accounting position, you need to have an aptitude for numbers and also need acute computer skills. You would be expected to keep the monetary procedures legal as well. Having expertise in financial accountability and taxation is necessary.

Qualifications and Certification

  • A bachelor’s degree in accounting is a must for obtaining an accounting position.
  • A master’s degree in business administration or accounting may be required for some jobs.
  • You may start with a junior accountant’s position at a firm and then advance to accounting positions.
  • You need to be a Certified Public Accountant (CPA) to be able to file a report on the Securities and Exchange Commission (SEC). The license is provided by the respective State Board of Accountancy.
  • The American Institute of Certified Public Accountants (AICPA) prepares the four-part Uniform CPA Examination.
  • You have to gain more experience as an accountant or an auditor. You may do so through summer internships or working part time.
  • Maintain an actual and discernible knowledge of computers, as most business processes are automated.

Basic Duties

As an accounting freelancer, you have to ensure the efficient financial running of any firm for which you work. The public records have to be maintained accurately and the taxes paid on time. The various duties that you need to perform in freelance accounting jobs include these:

  • Analyzing and communicating financial information to various entities, which can be individual clients, companies or the government.
  • Preparing, verifying and analyzing clients' various financial documents.
  • Offering budget analysis, investment plans and consultation about information technology and legal services.
  • Advising clients in areas like compensation or employee health benefits.
  • Designing the accounting and data processing systems and controlling the assets.
  • Investigating crimes like securities fraud and contract disputes.
  • Providing a strategic plan for the development of fresh products and analyzing the financial information needed to make good business decisions.

Wages and Work Hours

According to the Bureau of Labor Statistics, in May 2008, the median annual salary for accounting jobs was $59,430. The National Association of Colleges and Employers conducted a survey on the salary of an accountant. Individuals with only bachelor's degrees in accounting received an average of $48,993. Those with master’s degrees earned an average of $49,786 per year, as of July 2009. You need to work for a standard 40 hours. However, you may have to commit some additional hours to work depending on the number of clients. During tax season, you could be working weeks of 70 hours or more, but since that is the time of the year when you make most of your income, you will be motivated.

Job Opportunities

If you are a CPA, you will probably not find it difficult to fill an opening somewhere. Having a master’s degree in accounting in business administration is certainly beneficial. You may look for jobs in companies that are involved in international business or legislation. More information on freelance accounting jobs is available on http://www.ifreelance.com. Having strong communication and interpersonal skills is surely an advantage.