How to Become a Self-Employed or Freelance Accountant

Do you have a brain? Check. Do you have expertise and experience in accounting? Check. Do you have adequate computer skills? Check. Do you have a desire to work for yourself? Check. Well, since you answered yes to everything this is likely a sign that you should consider entering into the world of self-employment and become a freelance accountant or starting your own bookkeeping business.

A lot of professional accountants today are wasting their time working for small firms or tax preparation services. Many of them have the skills to work for themselves and the desire of being successful at it. It just requires a little bit of extra work at first to find your clients and niche, but as time goes by you’ll be pleased you began this new career.

AccountantNo, you don’t need online cash loans, you don’t need to max out your credit card and you certainly don’t have to work for free to build your clientele. A good accountant is a dime a dozen, but a great accountant is hard to find. Guess which one you fit into

Here are seven ways to become a self-employed or freelance accountant:

Get the Tech

Before even announcing to the world that you’re becoming a freelance accountant, you should first purchase the necessary technology and stuff for your work-space. This will consist of a high-functioning computer, the latest accounting software (Quickbooks, for instance) and a mobile device. If you already have two of the three then you’re already set. Don’t forget about the workstation or home office, which should be close to the entrance door.

Updating Your Skills

Yes, you may have a decade of experience, but it’s always good to freshen up your resume and skillset and see what advancements have been made in your field. You can accomplish this by taking night courses or participating in online education centers, seminars, workshops and association meetings.

By being up-to-date, you can show new clients that you’re keeping up with industry trends.

Defining Your Niche

Now, what kind of niches are you interested working in? Are you a small business expert? A tax preparer? Individual accounting? Whatever the case, you must define your niche and market towards that segment. By honing in on a certain kind of accounting, you can attract various clients.

Be Flexible in Your Work

One thing that accountants who work for companies do not have is flexibility. You can reverse this. By being flexible in your schedule and routine – you can work on-site if the customer requests this, for example – you can impress clients and they will keep coming back to you. Of course, as long as you do your job correctly.

Network Both Online and Offline

Accountants should be able to harness the power of networking both on the Internet and in the real world. On the Internet, you definitely have to utilize social media and search engine optimization. Offline, you should partake in nearby accounting groups, association meetings or conferences geared towards accounting professionals.

Take Advantage of the Internet

The Internet provides an overwhelming number of opportunities. One of them is that you can work with anyone anywhere in the world at any given timezone. This allows you to expand your services globally and work with some very interesting people and businesses. By using websites like Elance or Upwork, you can find clients anywhere from South Africa to Great Britain, Canada to Australia.

Always Backup Your Computer

Finally, you must backup your computer every single day, or at least every second or third day. In the event of a computer malfunctioning, a virus or your hard drive being wiped out, you will have all of your clients’ records and files stored safely and you can finish your assignments without any delays.

Working for yourself, or at least working remotely, will be the biggest trend over the coming years. Accountants will be one of these people participating in the shift towards working from home. Let’s face it: for the most part, accountants don’t need to head to the office every single day. So why not go into business for yourself and become a self-employed accountant?

The Basic Procedure of Writing a Job Description

Without an effective and a strong job description, your expectations of an actual position might fail to be efficiently communicated to the employer. This happens right from the beginning of your communication with your probable employer. A well-written job description is considered a significant foundation which is crucial to several steps during the annual performance reviews of an employee. This also goes special for future employee promotions and raises. When preparing to write a strategic job description, you must get hold of the fact that the standards that you set for a particular position will have an impact on other job functionalities. Therefore, it is important for you to know the basics of Writing a Job Description.

Writing a Job Description

The Basics of a Job Description

The job description that you write should be accurate, clear and practical enough to define your requirements in an effective manner. Good and well-written job descriptions are the ones beginning with a meticulous analysis of some of the most important facts regarding a job and they include:

•    Methods used for completing the tasks

•    The individual tasks which are involved in the job

•    Relationship of the job to the other jobs

•    Responsibilities and purposes of the job

•    Qualifications required for the job

The fundamental section of every job description should include the title of the position, the name and title of the supervisor, the department, required qualifications, anticipated results and the important job functions.

How to Write an Effective Job Description?

If you are looking to write an effective job description then these are the points that you should include in your job description:

•    Job title

•    Overall purpose of the job or job objective

•    Scope of position and a description of the broad functioning of the position

•    Summarize the level and the general nature of the job

•    List the tasks or the duties performed and important for success

•    Important relational and functional responsibilities according to significance

•    Proper description of the roles and the relationships within a firm including subordinating roles, supervisory positions and multiple working relationships.

There are other inclusions in job description for various recruiting positions and they are:

•    Job standards, requirements and specifications

•    The location of the job

•    Devices and tools that need to be used for performing the job

•    Salary range

•    Collective Bargaining Agreements in case the employees of the company are members of a certain Union.

One thing that is very important for your job description to be effective is proper language and you must always keep this in mind

Points to be Avoided

When writing your job description, do not be inflexible. Remember one thing that jobs are easily subject to changes for organizational development, personal growth and/or progress of advanced and new technologies. You must always keep in mind that a job description serves as a very effective part of managing and hiring employees. It is a kind of written summary ensuring that your employees and your applicants get a clear understanding of their roles and the responsibilities that they need to carry out.

Accounting job description: Analyzing the different opportunities available

The average annual salary of an accountant is around $65,080. Accountants are multiple skilled professionals who can do various jobs easily. When reading an accounting job description you would be surprised at the high level of responsibilities and challenges they handle on a day to day basis. In fact they quite bust the myth that accounting is a tedious job. Below we have tried to analyze the various opportunities that an accountant can enjoy.

Accounting Job DescriptionPrivate-Accountants

Most accountants over a period of years tend to have their own accountant firms where they work privately. These accountants offer their specialized financial knowledge to small and large companies. They act as a consultant on specific projects and charge service fees accordingly. Most companies use them to check whether the company is following proper accounting and business procedures.   When working as a private accountant you can perform specialized services which are:

1.    Financial-Accountant: Here you prepare the reports related to the company’s financial domain. The data are studied by shareholders and internal department heads.

2.    Cost-Accountant: The cost accountant is involved in the manufacturing business domain and it specifies the cost of products of a company or its services.

3.    Managerial-Accountant: These managers prepare reports which are used by internal managers and executives.

4.    Budget-Accountant- The annual budget of a company is undertaken by this accountant.

5.    Tax-Accountant: The Accounting Job Description of this accountant would be to check whether the correct Income Tax and other returns are filed by the company.

6.    Accounting System manager- The person designs the entire software of the accounting information-system of the company. He also checks if the data is keyed in accurately.

7.    Internal-Auditor: This is a person who is responsible for putting the internal audit system into place and checks whether all the compliances necessary are maintained.

8.    Account-Controller: The person in charge of the accountant department would be the Accountant-Controller.

9.    Chief Financial Officer: He would be responsible for the entire financial operations of the company.


A CPA or a Certified Public Accountant would work independently or be a part of a large organization like Ernst and Young. They offer services like external auditing by a third party, tax consulting and management consulting. During an external audit, the seasoned public accountant would examine the company procedures and share his opinion regarding how the procedures could be improved when it comes to creating financial and business reports. In the area of tax consulting, the public accountant would help the company plan out its various tax returns and also might represent the client. As a management consultant, the accountant would offer various advice related to management issues.

No matter whatever role an accountant undertakes, the job would be satisfying and very dynamic in nature. In fact the role of an accountant makes him the master of all trades and later on he can set up his own company easily.