Accountants drive business or investment decisions that increase profits and minimize losses.
Accountants are the backbone of a company. Without a detailed accountant, many businesses would be forced to file for bankruptcy. The day-to-day tasks of an accountant revolve around financial decisions and increasing profits.
Many accountants are hired to reduce costs within a company and offer advice on how to become more efficient.
The accounting profession is rapidly transforming partially due to productivity optimization available through newer technologies.
Today’s accountant is no longer burdened with task-oriented projects. Instead, thanks to the shift in dynamic accounting technology, accounting software programs are becoming more automated and the accountant’s role is changing to that of a business advisor.
Accounting is not also left out in the current boom happening in the digital economy, there are various ways accountants can make money online with the skillset they have.
Do you want to make money online as an accountant? This article has been written to help you do so.
Who is an Accountant?
A professional who conducts accounting activities including accounting research, audit, or analysis of financial statements is known as an accountant.
Accountants work for accounting companies or in the internal accounting departments of large corporations.
They are responsible for ensuring that companies maintain accurate records of their income and expenditures of a company.
Why Should I become an Accountant?
Accountants must have a basic understanding of mathematics, as well as essential computer skills, good analytical talents, interpersonal skills, and a natural ability for clear and lucid communication.
Here are some reasons why you should consider becoming an accountant.
1. You dont need to be a math genius as an accountant.
It’s a common misconception that accountancy is all about maths. A huge chunk of accounting practices have been taken over by tech, so the software does much of the number crunching with team members increasingly focused on guiding clients.
2. You can work in almost any industry.
Accounting remains the only field of study that has numerous applications across various industries globally. From fashion to entertainment, construction to non-profits, one thing ties (almost) every industry together – they need finance professionals to help manage and advise them.
3. You can become an entrepreneur.
Accounting allows you to understand how numbers are crushed, and how to implement proper financial planning. The knowledge of these fields gives you an edge when deciding to start your own business.
If all businesses need finance professionals, it makes sense for those starting them to have some finance experience.
5. It’s more about advice and less number crunching.
Accounting has to do more with advice rather than doing data entry. We’ve already covered that accountants aren’t mathematicians.
So what do they do for their clients? Consultancy and advice form the bulk of what accountants provide today – using their expert knowledge to help their customers select the proper business structure, minimise unnecessary tax expenditure, and forecast their cash flow for the coming year.
6. You don’t need a bachelor’s degree.
Some accountants have degrees, some don’t. Having an accountancy degree can enable you to skip a few exams on the way to full qualification, but generally, it doesn’t matter whether or not you’ve been to university.
7. Accountants are always in demand.
Accounting remains the only profession that remains in recession proof, hence it is here to stay. It’s not a career that’s going anywhere either – while increasing automation means that there can be less to do on the calculations side of things, that just means that accountants are spending more time consulting and advising on strategy.
How Do I Make Money as an Accountant?
If you are looking for a satisfying, flexible, and high-paying job, accounting might be the right path for you as stated above.
However, if you are already an accountant and have experience in finance, and you want to tap into the benefits of the digital economy, I have written this section to help guide you on how to do so.
1. Start an accounting Blog.
Going to school to acquire a degree as an accountant means that you have what it takes to advise people on what it takes to have their business structured appropriately.
Many accountants may feel that writing a blog is awkward. But the truth is that you are missing out on a massive marketing opportunity by not owning a blog.
According to a study, 84% of marketers have the opinion that using blogs as a marketing tool is either very effective or somewhat effective and was rated higher than any other form of social media.
You need to put yourself out there and sell yourself as an expert, and one way to do this is to start a blog around your profession as an accountant.
To start a blog as an accountant, you need a domain name and a hosting plan. I wrote a comprehensive guide on how you can start a blog and become successful. Check out the link to the article below to learn more.
2. Become a Finance YouTuber.
A lot of people need help when it comes to managing their finances. While financial management is an important part of success, it can be quite difficult to grasp.
If you are familiar with financial planning, investments, banking, mortgages, and other similar topics, it would be beneficial to start a YouTube channel on these topics.
It’s a great way to share your knowledge, help people out, and even earn a good profit via advertising and affiliate marketing.
You don’t even need to invest a lot of money to create videos. You can just use a free online video editor to record and edit videos right in your home or office.
I wrote a comprehensive guide on how you can start a YouTube channel and make money. Check out the link to the article below to learn more.
3. Become a data entry specialist.
Data entry is not a new career field and has been around for a long time. However, as more and more companies are starting to digitize their data, the need for data entry specialists has skyrocketed.
To be a good data entry specialist, you must be able to type quickly and accurately. Other qualities include familiarity with a variety of software and computer applications, including spreadsheets and word processors.
I wrote a comprehensive guide on how you can start a career in data entry, check out the link to the article below to learn more.
4. Become a Freelancer.
Being an accountant gives you an edge over every profession because you possess a high-in-demand soft skill.
With remote work on the rise, more people than ever want to become a freelancer or start freelancing.
Thankfully, it’s easier to become a freelancer than ever before. As the world goes global, and more people come on the internet it becomes easier to make money online.
Not only is it more popular to become a freelancer than ever before, but companies are getting more and more comfortable hiring freelancers rather than full-time employees.
A lot of jobs can be done remotely, and companies don’t need to provide the same financial or healthcare benefits to freelancers as they do full-time employees.
I wrote a comprehensive guide on how you can start freelancing and become successful. Check out the link to the article below to learn more.
5. Offer Your Services on Fiver.
Today thousands of Freelancers are making 6 figure incomes online from Fiverr. Fiverr has become a significant freelance marketplace. Not only did it establish credibility within a short period but it also has emerged as one of the go-to platforms for freelancing beginners.
There are thousands of services that you can sell on Fiverr as an accountant and make good money doing it consistently.
I wrote a comprehensive guide on how you can monetize your service on Fiverr. Check out the link to the article below to learn more.
6. Offer Your Services on Upwork.
Upwork is a freelancing platform – one of the biggest around. just like Fiverr, but works a bit differently.
Freelancers can sign up and create a profile that highlights the skills they have to offer. Clients post jobs on Upwork when they need help getting a job done.
You then bid on the jobs you want to work on by sending a proposal to the client. I wrote a comprehensive guide on how you can Monetize your service on Upwork. Check out the link to the article below to learn more.