Remote Accounting Jobs and How to Find Them
Do you know that you may be more productive outside the office? Yes. A 2016 survey from a well-known corporation found that only 7% of workers felt they were most productive while inside the walls of the office. And 65% said they would be more productive working from home. Thanks to the variety of remote freelance opportunities, specifically remote accounting jobs, working from home can be possible.
C’mon, let us face the fact that by now, the remote revolution is upon us. Nowadays, workers are embracing work-from-home options and flooding to the gig economy in droves. In fact, according to a 2017 report, 3.9 million employees currently work from home at least half the time. That is a 115% increase in remote workers since the year 2005.
But misconceptions about remote work spread throughout the phenomenon. Popular opinion seems to be that most remote workers are millennials, but well, in fact, the average age of telecommuters is 46 years-old or those people who are under the Generation X: born 1965 to 1976. Aside from that, many hopeful freelancers are discouraged to start their home-based work dreams because they thought it will be difficult for them to find one.
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That is why we are here! We will not just let you understand what remote account job is and how it works, we will also help you find a real one. Remember that we only live once and life is too short to spend your career restricted to the four corners of your office cubicle. Stop wasting your time at a boring accounting job. Be free and be one of the remote accounting officers.
Fact about Remote Jobs
If you’re seeking for a job that allows you to work from home, you might be overwhelmed at the variety of terms used to describe this type of work. Telecommuting, virtual job, telework, remote job, home-based job, and online job are some of the terms used to search for work from home job.
In reality, these terms are usually used as synonyms for one another, interchangeable and with the same basic definition: They all define a job that is not done from inside a traditional office wherein you are boxed in a cubicle. If you see a listing for a remote job, be sure to read the job description carefully to determine which type of remote job the company is offering.
Today, Americans work remotely in almost every industry. A survey shows that of over 15,000 adults, a large 43 percent of employed Americans spend some time working remotely. However, according to a big remote job search engine, 14 remote jobs, in particular, dominate the landscape of work-from-home opportunities. Here are more stats. And these are the following:
- Customer service representative; Average pay: $27,872/year
- Virtual assistant; Average pay: $32,760/year
- Bookkeeper; Average pay: $34,112/year
- Medical Coder; Average pay: $35,713/year
- Online tutor; Average pay: $36,233/year
- Teacher; Average pay: $48,159/year
- Writer; Average pay: $48,489/year
- Accountant; Average pay: $49,749/year
- Account manager; Average pay: $51,181/year
- Nurse; Average pay: $60,132/year
- Developer; Average pay: $69,313/year
- Business development manager; Average pay: $71,233/year
- Speech-language pathologist; Average pay: $79,268/year
- Client services director; Average pay: $87,575/year
Understanding a Remote Accounting Job
Accountants handle a multitude of financial-related tasks such as invoices, billing, taxes, payments, and more. Remote accountants can typically work from home easily utilizing general accounting or company-specific software. Sometimes, their tasks might also be involve managing client accounts and relationships.
Balancing the books, ensuring the correctness of financial reports, preparing and completing tax returns. The duties of accountants read like a textbook example of work that can be done remotely. And that may be one of the reasons why virtual accounting jobs are an increasingly popular option for accounting professionals looking for work flexibility.
The general job opportunity for accountants, especially CPAs, is really promising. Thanks to an increasingly global economy and the growing complexity of tax regulations, the job market for accountants, as well as auditors and the like, is expected to increase 10% by 2026. And it’s clear that cloud computing and automation are adding to the remote component of accounting work, making it just the kind of job you can do from anywhere – even at your staycations.
So, what is a remote accounting job? In summary, it’s an accounting, bookkeeping, or financial oversight position that can be done remotely. Just like their traditional counterparts, a virtual accountant’s duties may include the following:
- examining and verifying financial statements;
- computing, preparing, and filing tax returns and other tax-related work;
- helping businesses trim costs and run more efficiently;
- keeping the books and financial records up to date;
- ensuring that accounting procedures adhere to best-practice standards; and
- overseeing payroll operations.
Remote accounting jobs offer tremendous flexible opportunities to work not just virtually full time, but also part-time, on a seasonal basis, or on an alternative work schedule. While bookkeeping jobs focus on gathering and recording business transactions and data on a daily basis or just certain days, an auditor’s role includes adjusting and analyzing data provided by bookkeepers or accounting clerks.
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Bookkeeper vs. Accountant
When you hear the term “bookkeeping,” you may wonder what sort of responsibilities and experience are required. Different than the more formal position of an accountant or CPA (Certified Public Accountant), bookkeepers fall under the umbrella of accounting, but they’re more focused on the day-to-day operations, like tracking income, and expenses. While some experience is beneficial to working as a bookkeeper, you don’t need a college degree or CPA certification. Therefore, while the bookkeeping role requires close attention to detail and a high level of accuracy, there’s less responsibility than the role of an accountant.
Accountants, on the other hand, are typically in charge of setting up the overall budget and financial direction for a business; they oversee tax information and set up the chart of accounts according to standard accounting practices. Accountants analyze financial information, produce reports, and make strategic recommendations based on data and tax laws.
If you can’t find your perfect remote accounting job on your own, we are here to help you look for the best sites to find even more remote accounting jobs. With this, you can save hours of time, energy, and effort.
Finding the Right Remote Accounting Job for you
It may take some time and effort to find your dream remote accounting job. But do not ever lose hope because it’s entirely possible. How? Well, you can definitely find the right remote accounting job for you if you follow the steps below.
- Study and be familiarized
To qualify for most accounting jobs, you’ll need at least a bachelor’s degree in accounting, business administration, finance, or the like. However, due to some fair reasons, some employers accept associate’s degrees in accounting or related fields such as bookkeeping.
Today, you can find and do everything online. Yes, everything… even studying. Believe it or not, you can study basic accounting by enrolling in sites that offer online lessons. And as time goes by, and when you experience working, you will gain experience wherein you can also learn and familiarized more with the field of work. Just keep in mind that qualifications vary depending on the type of accounting field you choose and the company you are applying to.
- Choose an area of expertise.
To target the right accounting jobs and flexible employers, decide whether your career will follow one of the four major paths of the field:
Public accounting: A public accountant provides services to a broad range of clients, including small businesses, corporations, non-profits, government entities, and individuals.
Government accounting: Also called governmental accounting, this specialty deals with recording and managing financial transactions for government entities and taxpayers.
Management accounting: Management accountants focus on providing financial analysis and decision-making advice to organizational leaders, based on the business’s needs, goals, and projections.
Internal auditing: The role of internal auditors is primarily to track and manage an organization’s internal control processes to help manage risk and provide objective analysis of financial status.
- Get certified.
A Certified Public Accountant, or CPA license, is one of the most common and in-demand qualifications for accounting jobs. There is nothing wrong about being a simple accountant. However, it is free to dream and become a licensed – professional accountant. To become a CPA, you’ll need to pass the uniform CPA Examination administered by the government. Continuing education credits are required to keep a CPA license current. If your career goal is to be an internal auditor, a separate certification is required. If you are working remotely, this is attainable since you might be handling your own time and schedule.
- Reach out companies that offer remote accounting jobs.
All companies, organizations, or even a small business firm has reports, books, and financial records to keep. That is why there must be a continuous demand for qualified accounting professionals. The list of companies with flexible positions provides a good example of the range of opportunities available for remote accounting jobs.
Here are some of the companies that hire work from home accountants:
- Balance Your Books
- Bateman & Co.
- Click Accounts Bookkeeping Services
- Enterprise Recovery Systems
- First Data
- Intuit/Turbo Tax
- TAD Accounting
Here are the common job titles you may search for remote accounting jobs:
- Accounting Lead
- Night Auditor
- Accounting Clerk
- Junior Accountant
- Accounting Assistant
- Payroll Accountant
- Accounting Administrator
- Cost Accountant
- General Ledger Accountant
- Accounting Instructor
Benefits you can Get from Remote Accounting Job
Today, more and more people are beginning to work remotely. Aside, of course, from the salary that you will earn, there are more benefits you can get when you start working remotely as an accountant. To help you realize these advantages and privileges, we listed here the benefits you can get from working remotely as an accountant.
- There is less turnover with remote workers.
When people get to work outside the office, they’re more likely to stay at a company. The State of Remote Work 2017 confirmed that companies that support remote work have a 25 percent lower employee turnover rate compared to companies that don’t. Less turnover, less hassle.
- The hiring process is faster.
True enough. Based on my experience, when I applied for an office work, it took me almost a month to wait for my first day high. However, when I applied for a remote job, the longest wait I had is one week. Sometimes, a company’s hiring process can take weeks and even months. However, if these companies switched to a distributed workforce they might be able to fix this problem.
- Small companies hire remote employees.
If this is your first time to apply to be a remote accountant, do not lose hope and say that you are not fitted for the job. Remember that according to surveys, most companies that are seeking for remote workers, especially remote accounting jobs, are those who are just starting or small one. Therefore, it is advice, to not look at big companies if you really want to have a remote accounting job. According to the State of Remote Work 2017 report, small companies are twice as likely to hire full-time remote employees.
- Remote workers are more productive.
Definitely true. When I was working as an accountant in an office, I always find 8 or 10 hours of work per day is not enough to do my daily tasks. However, when I experienced working remotely, I’ve become more productive and learn to manage my time more accurately.
A recent study found that remote workers are actually more productive than regular employees. “Our study shows that employers benefit from the increased effort as workers strive to show that working remotely is not a slacker’s charter,” said study co-author Alan Felstead.
- Remote workers are happier.
Just because remote workers might struggle to draw the line between their work and personal lives, it doesn’t mean they’re unhappy. In fact, the same study discovered that remote workers had higher levels of organizational commitment and job satisfaction, ultimately resulting in an overall increase in job-related well-being.