6 Benefits of Becoming a Freelance Accountant
by Mashum Mollah Job & Career 29 September 2020
If you are thinking about joining the freelance economy, you are not alone. The challenges of traditional employment opportunities have led many people to seek employment elsewhere, and freelancing presents that opportunity without too much risk involved.
There is plenty of technology in use in the workplaces of today, and startups are also thriving because of the resulting ecosystem that entrepreneurs work in today. Among the many freelancing gigs that are increasing sharply in demand are the freelance accountants, and we will look at 6 benefits that come when you decide to follow this line of work.
Here are 6 Benefits of Becoming a Freelance Accountant:
1. Freedom to work from home (or anywhere else)
Many, if not all, freelance jobs will allow you to operate from home – or anywhere else you want. That is a major positive aspect, especially if you need to commute to work every day.
That also means that the typical 9-to-5 workday will transform into any time you want to set your working hours, as long as they work for you. The time you would spend commuting is also redirected to your other pursuits, and you have a longer chance to spend the day doing what you want, including exploring new hobbies.
2. You no longer need to deal with corporate decisions
When you are a freelancer, you are basically an entrepreneur. You are also assuming multiple roles – COO, CFO, and CEO, and you are answering to yourself most of the time.
While that may sound intimidating to some people, the main advantage is that you no longer need to consider the decisions of a higher-up when managing your freelance accountancy tasks. You never need to answer to corporate emails either, as you are in direct communication with your client – and even then, you are the one making the decisions affecting your freelance career.
3. Offers a balance of life and work
Accounting is one of the corporate jobs. While it is important because it ensures the financial side of a company operates smoothly and even though the employees in the HR department will tell you that you need to promote your balance between your work and life, be assured that they will get their dues from you before it happens.
When you become a freelancer, you are the one calling the shots in your work schedules, and you can take breaks without consulting those in another department of your organization.
4. Offers you experience and challenges you
The inevitable monotony that strikes with having a 9-to-5 job is not a major issue for everyone, but you cannot just dismiss those who want a little more variety in their work life. If this is the case for you, then freelancing is a major opportunity that provides you with that spice of your job – especially one that can easily become monotonous like accounting.
Other than that, being a freelance accountant also allows you to choose the clients you want, as well as the projects you prefer doing. You can explore dormzi for online account jobs which will help you gain more experience. Also, by using tools like Knuula, you can speed up the process of contract signing.
5. You will have fewer expenses on your hands, and a higher salary
Even though money is not everything in your life, it is annoying and frustrating to be in a situation where you have none of it. For many people, freelancing was an option they chose because they lost their job or left it, and they turn to the freedom freelancing offers as a way of earning a living.
The advantage that comes with being a freelancer is the chance to downscale or upscale your working hours, setting rates that meet your expectations, qualifications, and experience, and applying to freelance opportunities that appeal to you. At the end of the day, you get to keep all the profits you make and earn more than when you were a salaried employee.
6. Increases your chances to reward yourself
One major drawback of working in a corporate setting is the ‘moving of goalposts – essentially, you are working so hard in order to meet the qualification of getting a bonus, only to find out that there is no bonus because of company losses. If you are a freelancer, you will not need to worry about this, since you can reward yourself when you want.
Freelance accounting is not for everyone, but it can offer you great benefits when you eventually stick with it.