Accountants’ jobs pay well compared to other professions, but many people want to save money to fulfill their emergency needs. 40% of accountants are adapting side gigs, part-time and full-time, to boost their income.
Many accountants are seeking profitable side gigs to pay off loans or achieve other financial goals but have no idea which side gig is most suited for them. It is a valuable and appropriate blog post for them.
Are you ready? We are going to share the best side hustles for accountants, like creating an accounting blog, offering accounting software consulting services, creating a YouTube channel, and becoming an accountant tutor to make extra cash.
Get started and read on to learn all of them!
9 Best Side Hustles For Accountants
Are you glad to know the best side hustles for accountants online to make extra cash? Here, I will discuss these side gigs one by one!
- Start An Accounting blog
- Sell spreadsheets
- Accounting software consultant
- Excel consultant
- Tax consultant
- Offer virtual bookkeeping services
- Financial coaching services
- Accountant tutor
- Create A YouTube channel
1. Start An Accounting Blog
You can start an accounting blog and share your knowledge and expertise with a broader audience. A blogging side gig is a profitable way to generate revenue from an audience that visits your blog.
To start, you first need to purchase a domain from a domain and hosting company. These companies provide you with domains and hosting at reasonable prices. Within six months, you can grow and monetize your blog and make passive money.
Websites To Buy Hosting And Domains
- GoDaddy
- NameCheap
- Hostinger
Accountants Can Write Blogposts About
- The latest accounting trends
- Offering tax-planning advice
- Financial planning and budget
- Small business accounting
- Accounting software review
- Financial reporting
- Auditing and assurance services
- Accounting and finance principles
2. Sell Spreadsheets
Spreadsheets are used for keeping records and analyzing data for specific purposes. Expert accountants can make spreadsheets and sell them on online digital marketplaces. Selling spreadsheet templates can be an amazing side gig for accountants to generate passive income.
Types Of Spreadsheets
- Financial analysis tools
- Tax calculator
- Budgeting Template
- Inventory management sheets
- Accounting and bookkeeping spreadsheet
Platforms Used To Market Your Spreadsheets
- Blog
- Forums
- Social media platforms
- Professional networks
- Email newsletters
3. Accounting Software Consultant
Accountants can generate passive income by providing services for the usage of accounting software. Beginners want to learn advanced accounting software; they can get services from accountants and pay them for their learning.
You can assist the clients in learning how to use software and which strategies are applied effectively. For example, clients demand how to set up, use, and optimize Quickbooks for their business needs.
Identify the market to sell your services, like freelancing, which small business owners need in hospitals and healthcare centers.
Responsibilities Of An Accountant Software Consultant
- Implementation and planning
- Customization and configuration of software
- Assist the client in selecting appropriate accounting software
- Teach the basic to advanced features and functionality of the software
- Helped the client transfer data from a spreadsheet to the accounting software
- Guide clients in data entry, financial reporting, expense tracking, and invoicing
- Give awareness about financial reporting, like making a balance sheet and a cash flow statement
Top Accounting Software
- Quickbook
- Xero
- FreshBooks
- Sage Intacct
- Wave
- SAP Business One
- Zoho Books
- NetSuite
4. Excel Consultant
It involves the expertise of Microsoft Excel for organizations and individuals. Excel consultants must have strong problem-solving skills and knowledge of advanced Excel features to assist their clients.
In the digital era, everyone is using advanced data-keeping systems. Excel is used by all businesses and individuals for calculation and data storage. This side gig is in high demand; you can provide Excel consulting services and earn extra cash.
Excel Services
- Automating tasks with macros
- Providing data analysis solutions
- Troubleshooting and technical support
- Customized spreadsheet programs like financial models
- Data cleaning and validation, like the accuracy and integrity of data
- Advanced formulas and functions like VLOOKUP, INDEX-MATCH, and financial functions
- Help clients with compliance and reporting that involves creating and formatting reports
5. Tax Consultant
Many businesses require a tax consultant who can help them with their tax returns. You can offer tax consulting services to help businesses and individuals pay their taxes and give them strategies to reduce their tax levels. During tax season, the chances of earning potential are increased.
It is exciting news for you that small businesses have fewer resources to hire expert consultants, so offer these services at limited charges, and your chances of being hired will be greater.
Offer the individuals financial consulting services about tax planning and investment advice. Find out about tax consultant jobs online and make extra money.
Duties Of A Tax Consultant
- Tax representation
- Tax compliance reviews
- Offer tax-advisory services
- Guide clients in tax research and analysis
- Help businesses with tax planning and strategies
- Guide the clients for tax preparation and filling
Platforms For Finding Tax Consultant Jobs
- Indeed
- Zippia
- Intuit
- ZipRecruiter
- Deloitte
- Monster
- CareerBuilder
- TaxTalent
- SimplyHired
6. Offer Virtual Bookkeeping Services
An accountant deals with numbers every time and can convert this skill into earning money. We will guide you on how to offer virtual bookkeeping services through your wealth of knowledge. People can hire you to deal with their financial processes, like income statements and balance sheets.
Many entrepreneurs and grocery store owners are hiring virtual bookkeepers to keep, update, and maintain their financial records. You must have the knowledge and expertise of
- Advanced bookkeeping software like Quickbooks and Xero
- Basic and advanced knowledge of accounting principles
Platforms To Offer Bookkeeping Services
- FlexJobs
- Fiverr
- Remote.co
- ZipRecruiter
- Accountingfly
- Virtual Vacations
Responsibilities Of A Virtual Bookkeeper
- Bank reconciliation
- Maintaining records accurately
- Managing the payroll process
- Accounting payable and receivable
- Keep records of financial transactions like daily purchases, receipts, sales, and payments
7. Financial Coaching Services
The amazing side hustle of accountants to make money is offering financial coaching services. Become a financial coach and help people make effective money decisions. It is a well-suited side gig for accountants.
To offer these services, you must have a deep knowledge of personal finance and excellent communication skills. You have to guide the clients about
- Budgeting
- Saving strategies
- Debt management
- Investment Planning
Online Platforms For Offering Financial Coaching Services
- Glassdoor
- Noomii
- SmartAsset
- BetterHelp
- Coach. me
- Financial Gym
8. Accountant Tutor
Accountants can teach accounting subjects part-time in academies and to their neighboring students. For most of the students, accounting is a very tough subject. Students and other professionals want to increase their accounting knowledge and seek tutors.
Online teaching is a great opportunity for bank accountants to make money in their free time. You can teach accounting and finance subjects to many students anywhere in the world. Create an account on a tutoring service platform, share your expertise, and make $20 in a day.
This side gig helps you enhance your confidence by teaching knowledge and abilities. Set up a virtual classroom at home by using technological gadgets and software. To become a successful teacher, you must have an understanding of using teaching software like
- Skype
- Google Classroom
- Googlemeet
- Zoom Application
Online Platforms To Search For Tutor Accountant Jobs
- TeachersOn
- Wyzant
- Preply
- study.com
- TutorMe
- care.com
- Varsity Tutors
- Chegg Tutors
9. Create A YouTube Channel
Starting a YouTube channel is another profitable side hustle for accountants to make extra money online. However, it requires more effort and patience to generate revenue. After creating a channel, promote your channel on social media accounts to increase the number of subscribers. You can choose a specific niche, like
- How to manage your budget
- Data management
- Money saving
- Financial planning
Tips To Grow Your Channel
- Make high-quality content videos
- Upload videos daily
- Give a response to your audience
- Monetize your channel
- Promote your channel on social media accounts
Frequently Asked Questions
Conclusion
There are plenty of side hustles for accountants to make money, but the most profitable and best side gig is one that perfectly aligns with your interests and experience. We have discussed some valuable ideas to get you going!
Most side hustles demand a laptop and an internet connection to start work. These credentials are not tough to arrange for accountants.
So why are you waiting? Select a side gig in which you have experience and start your journey to make extra cash.
