Freelance Accountant: Job Description, Income & How To App

This means if you choose to go with Toptal, you’ll be getting the best of the best. That said, the benefit of that is you can actually earn so much more — that is, if you’re working consistently throughout the year and landing high-paying clients. One thing to prepare for as What is bookkeeping a freelancer is the lack of a fixed salary.

Freelance Business Plan Template + Guide

If you already have accounting experience, becoming a freelance accountant will be easy. As long as you have accounting skills, a good internet connection, and excellent organizational skills, you can make a living doing freelance accounting for a variety of businesses. Get $30 off your tax filing job today and access an affordable, licensed Tax Professional. With a more secure, easy-to-use platform and an average Pro experience of 12 years, there’s no beating Taxfyle. With software getting more sophisticated, you can really automate a large portion of your job as an accountant.

Best for Invoicing Tools & Double-Entry Accounting

As a freelance accountant, your day will vary depending on the business you are working for, but here is a https://www.bookstime.com/ general overview of a freelance accountant’s schedule. Freelance accountants may work with a large company with many employees or a small business with only a few people that just needs some financial help. You could have unlimited income potential by becoming a freelance accountant.

What You Will Do as a Freelance Accountant

• You can get lost in your own to-do lists or the opposite, struggle to get things done.
• You can contact an accountant by selecting their profile and reaching out to them directly if you think you’ve found a good fit.
• You can also look at local business advertisements and postings in your area to find freelance work with small businesses in your community.
• They also list their specialties so that you can find an accountant who specializes in tax accounting and audits or management accounting.
• Once you’re onboarded, you’ll join our Pro network and have access to our job routing platform.
• Keeping everything in one place will be efficient and less time-consuming, providing you with the most detailed reports including every transaction made.

So, if you don’t have much experience in accounting, doing it freelance could be hard for you. Some staff accountant roles are niche, which means they focus on a singular part of the accounting cycle, such as accounts receivable or general ledger accounting. They will ensure businesses accrue tax liabilities correctly and ensure point-of-sale tax calculations are correct as these can have big implications for a business. There are a few different types of accounting you can perform in your freelancing career.

Specify your services

This will allow you to position yourself as an expert in that area and attract clients who require specialized accounting services. Additionally, continuously upgrading your skills and staying updated with industry trends will give you a competitive edge. With over a thousand dedicated accountants and bookkeepers using the site to find work, Fiverr is one of the best platforms to connect with accounting professionals. 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. Services offered by freelance accountants include freelance accountant managing payroll, submitting tax returns, and providing input and financial advice for business plans.

• Three of the services can be used by companies employing 10 or more people, but most of the products are aimed squarely at freelancers, independent contractors, and sole proprietors.
• Because practically all business transactions are processed electronically, data entry doesn’t have to be a big cost anymore.
• Some of these sites offer a suggested quarterly payment based on the income and expenses you’ve entered.
• While there are some objective advantages and disadvantages of working freelance, the subjective ones are probably the driving force behind the decision.
• Taxfyle connects you to a licensed CPA or EA who can take time-consuming bookkeeping work off your hands.