Whether it’s a full-time telecommuting job or self-employment, more and more people are looking for ways to work from home. Regardless of your knowledge, there are options to earn revenue remotely. One of the most popular jobs from home is that of an accountant.
Many companies hire outside accountants to handle various accounting or administrative tasks. If you want to become an accountant online, there are numerous platforms that can assist you in searching for this work.
In this article, we’ll take a look at the ins and outs of accounting and where to find accounting information online.
WHAT IS ACCOUNTING?
Accounting is crucial to running a business well, but what is it really?
Organizations are required to keep track of their inventory, income, expenditures, and invoices. An auditor manages, monitors and updates this data. Her job is important because it helps accounts review financial information and show a bigger picture of a company’s overall finances.
Accountants do more than calculate numbers and keep track of receipts. They are responsible for some crucial activities in the ledger.
During a normal workweek, an auditor can:
- Manage debtors and debtors.
- Keep a record of crucial financial data.
- Crosscheck payments.
- Assistance in the preparation of financial reports.
- Disseminate information internally and externally as required.
- Support existing accounting and bookkeeping services.
In the past, accounting involved a great deal of filing, organizing, and manual counting. Although you should still have organizational and math skills, you no longer need to manage physical files. Most of the data processed by the auditors are saved in a central database.
Thanks to advancements in IT, there is software that can automate this data processing many of the calculations and ratings that auditors used to do manually.
However, this does not completely eliminate the role of auditors. Today, auditors verify and update systems to ensure the accuracy of the data.
TYPES OF REMOTE ONLINE BOOKING
Like many other professionals, accounting offers two job options: joining a company directly or working as a freelancer. Both types of accounting jobs have their pros and cons.
As an employee of an accounting or bookkeeping agency, you can still work from home and won’t mind applying for a job yourself. The company assigns you clients and you can put all your energy into serving them. But, your revenue potential will decrease as there is a middleman. The company pays itself first, then you.
If you want to keep the total amount that the customer gives for your services, freelancing is an alternative for you. You have to earn the online business on your own, but you don’t have to share your salary with anyone. It requires a bit more training and one-on-one resources, but it’s worth keeping the money you make and possibly starting your own accounting business at some point.
HOW CAN I BECOME A VIRTUAL AUDITOR?
Unlike bookkeeping, bookkeeping doesn’t require formal education or expensive degrees. Most auditors hold an associate’s degree or a bachelor’s degree in economics, accounting, commerce, or other related fields. However, this is not a strict requirement.
As with most professions, you have to get your foot in the door with bookkeeping.
As an intern in this field, you will be introduced to the accounting software used by the company and the different tasks that accountants perform on a daily basis. You will also learn important programs such as a payroll generator and how you can use it depending on your position. In total, you have the option of dipping your toe in a piece of paper as a disc.
After being employed as an accountant for a period of two years, you can become a Certified Public Accountant. Basically, it lets clients know that you are not gossiping that will ruin their financial records and bring their business to a halt.
Of course, you can still get an accounting job without certification, but getting certified means you can charge more for your services and get more clients.
If you want to go even further, you can become a Chartered Accountant through the Swedish Association of Chartered Accountants. This can aid you to advance your accounting career and justify an even higher level of compensation.
THE BEST ONLINE SOURCES FOR VIRTUAL AUDITORS
If you want to gain knowledge about bookkeeping, apply for freelance services, or apply to an accounting firm, here are a few sites that can help you achieve your goal.
Your head may spin as you read this. If you’re not sure, this three-part video series on how to get started as an accountant is a good place to start.
Bookkeeper is a company that knows it wants to work for you, not some random anonymous company.
Best of all, you’re connected to hundreds of virtual accountants just like you.
With their how-to videos and a team of accountants, accountants can help you build a profitable and flexible virtual business.
Click Accounting Services Accounts
Sometimes people want to be sure that they always have work ahead of them without looking for it.
ClickAccounts is an organization that employs accountants and bookkeepers almost full-time. They pride themselves on being punctual and precise in their work, which is why your clients expect the same from you.
BIdaWIZ was founded in 2008 and is an online company that offers you the advantages of both worlds when it comes to working as a paid or freelance accountant.
BIDaWIZ offers work-from-home opportunities for those with a background in accounting, auditing, bookkeeping, tax administration, etc. Ultimately, clients can receive ad hoc accounting requests from experts or outsource all their accounting or bookkeeping to a BIdaWIZ member. You can log in anywhere, anytime to manage your customers’ books or answer questions.
The most striking feature that BIDataWIZ offers is its business development plan. BIdaWIZ requires you to register to access its platform as a professional. They require you to have your certification and/or license, graduate from an accredited university in the United States, and pass a background check.
WHAT SKILLS IS A NOTEBOOK MUST-HAVE?
Accounting requires a very special skill. This is clearly why people are contracting out this work; they just can’t do it themselves.
Skills auditors should have:
An eye on details: One of the most crucial qualities to have is utmost attention to detail. Auditors are responsible for capturing a large amount of data, so it’s important not to get too lost in the details.
Good with Numbers – You need to be confident in dealing with calculations and numerical values. Even though the software can handle a large part of the calculations, it should be able to sufficiently verify the calculations.
Multitasking – Multitasking is important when working as an accountant. Like an office administrator, accountants have different tasks and will rarely do a thing during the day. You should feel comfortable shifting your focus throughout the day without getting lost.
Reliable: Finally, you must be a reliable and personal employee. The accountant is responsible for some of the most important data when it comes to running a business. People need to feel comfortable and know that they can handle accounting tasks.
TO BE AN ONLINE ACCOUNTANT FOR YOU?
Accounting can seem daunting, but it’s a great way for detail-oriented people to earn extra income, whether as a side job or full time.
If you want to start your bookkeeping business, the Bookkeeping series can provide you with a great foundation and courage to get started.