Full-Time vs. Freelance Bookkeeper Career Potential

If you are trying to decide between being a full-time or a freelance bookkeeper, there are a number of different things that you are going to need to think about. Here are a few things to consider about full-time versus freelance bookkeeping career potential.

Freelance Bookkeeper

If you are a bookkeeper, then you may want to consider continuing your career on a freelance basis. With advancements in technology, it is becoming much easier to outsource much of the work that used to be done in-house. Many companies are starting to outsource bookkeeping work on a regular basis because it allows them to cut back on overhead expenses. Instead of having to have extra offices for bookkeepers, they can reduce this need. They can also avoid paying for benefits and other expenses associated with having full-time employees. Because of this, you can access many different projects through online freelance sites.

If you are going to get into being a freelance bookkeeper, you will have several benefits associated with your career. For one thing, you are not going to have to worry about working on a particular schedule. If you were better at a certain time of day, you can set up your work schedule to accommodate this. You will also be your own boss. This means that if you want to take a break, you are free to do so without anyone looking over your shoulder. 

Another benefit of being a freelance bookkeeper is that you will have an unlimited paycheck. The only thing that is going to limit your earning potential is you. You can continue to take on more clients until you reach a point where you cannot work anymore.

Full-Time Bookkeeper

You could also choose to pursue a career as a full-time, staff bookkeeper. You could potentially work in any industry that you can think of as a staff employee. With this type of job, you are going to be working in a traditional office environment. One of the big benefits of working in this type of environment is that you will have consistency. You are not going to have to worry about going out and looking for clients or work. You should have a steady amount of work and you are going to get a regular paycheck.

Another benefit of being a full-time bookkeeper is that you are not going to have to engage in other activities besides bookkeeping. When you are a freelance bookkeeper, you have to worry about billing your customers and continually finding new clients. As a staff bookkeeper, you will be able to focus on what you do best.

When you work in a traditional office environment, you are going to be able to gain access to a nice benefits package. You could get access to a retirement plan such as a 401(k), comprehensive health insurance, dental insurance, paid vacation time, and many other benefits. As a freelancer, you are not going to get access to these benefits packages.