If you want to become a self-employed accountant you have to consider a few things that will help you establish a professional prestige. Self-employment is beneficial in several ways as it gives one a lot of exposure, personal autonomy, professional freedom and many more but with these perks, there are few risks too which should be dealt with carefully. This article is designed to give you a few tips to become a successful self-employed business accountant adelaide.
The initial and utmost important step is to get certified by taking the CPA exam. CPA will help you in gaining knowledge about accounting and it will help you get expertise in bookkeeping, tax accounting, and financial auditing. Moreover, this license increases the credibility of your business and portrays a very serious image for your clients. CPA is eligible to represent you before the IRS in an audit but if you’re not a CPA then you will only be able to represent your clients in a very limited manner.
Establish Professional Contacts
Self-employed accountants do not work in firms so they need to find other ways to develop professional links. Professional gatherings could be a way to gain contacts as they offer opportunities to meet different individuals and keep you updated with all the news of the industry. There are many conferences designed for self-employed businessmen and CPAs. Moreover, there is an online conference QuickBooks Connect that provides a lot of help in gaining experience in this field.
Online profiles on different social media platforms increase your public relations and help in the positive image building of your business. You can use your profile to attract new clients in different ways. Furthermore, it can be through directly reaching people through messages via Facebook, Instagram, and Twitter or through updating your profile with your work portfolio.
Record Cash Income and Expenses
A self-employed accountant usually does not have the back of the records on bank statements so it is very easy to lose track of the expenditure and cash income. Make sure that all the records of the cash payments received or sent must be recorded in an accounts book or spreadsheet and the invoice of the cash should also be kept in record.
Organize Your Receipts
You must keep copies of your receipts in an organized way. You can scan the copies of your receipts and organize them month-wise, or you can staple small receipts with an A4 size paper and keep them in a file. And if you have trouble remembering the purpose of the receipts, you can simply write a note on the backside of the receipt.
Hence, mentioned above are a few useful tips for self-employed accountants. Going into business and becoming a self-employed accountant is a very challenging task with many risks and perks. By reading this article you surely will learn a lot and will help you in becoming a good accountant in a short period.