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23+ Side Hustles for Accountants in 2024

Are you an accountant looking to expand your financial horizons beyond the 9-to-5 grind? Welcome to the world of side hustles for accountants, a realm where your skills can unlock new avenues of income and professional growth.

In today’s dynamic economy, the ability to diversify your income streams is not just smart; it’s essential. As an accountant, you possess a unique set of skills highly sought after in various markets, from freelance tax preparation to financial consulting.

This blog post delves into the most lucrative and fulfilling side hustles tailored specifically for accountants. Whether you’re seeking to supplement your income, explore new challenges, or simply put your expertise to more diverse use, you’re in the right place. Stay with us as we explore the promising world of side hustles for accountants, where opportunities abound for those ready to seize them.

💸 Important Financial Note 💰

Side Hustles for Accountants

A side hustler working on someone's taxes during tax season

1. Tax Preparation Services

Experience Level: Intermediate
Average Pay Rates: $500 to $2,000+ per month (varies greatly during tax season)
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Tax software, Secure Internet Connection

Tax Preparation Services involve offering expert assistance to individuals and small businesses for filing their tax returns accurately and efficiently.

This service is crucial as it requires staying up-to-date with the constantly changing tax laws and regulations. Professionals in this field not only help clients in preparing and filing taxes but also in planning future financial decisions to minimize tax liabilities.

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This can include advising on tax-saving investments, business expense management, and strategic financial moves. Additionally, this service can extend to representing clients in case of audits or disputes with tax authorities. With the right credentials, such as being a Certified Public Accountant (CPA), you can offer more comprehensive services.

This side hustle demands attention to detail, confidentiality, and strong knowledge of tax laws, making it a valuable service during tax season and beyond.

A woman acting as a bookkeeper for clients

2. Bookkeeping Services

Experience Level: Beginner
Average Pay Rates: $300 to $1,500+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Bookkeeping Software (e.g., QuickBooks), Secure Internet Connection

Bookkeeping Services cater to the need of maintaining accurate financial records for small businesses and busy professionals. This side hustle involves systematically recording daily financial transactions, including purchases, receipts, sales, and payments.

Effective bookkeeping is vital for businesses to track their financial health, ensuring compliance with accounting standards and tax laws. As a bookkeeper, you’d manage ledgers, reconcile bank statements, and prepare financial statements like balance sheets and income statements.

With the advent of cloud-based accounting software, this role can often be performed remotely, offering flexibility. It requires organizational skills, attention to detail, and a good understanding of accounting principles.

A consultant at their desk

3. Financial Consulting

Experience Level: Advanced
Average Pay Rates: $1,000 to $5,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Financial Planning Tools, Secure Internet Connection

Financial Consulting as a side hustle involves offering expertise in financial planning, investment strategies, and wealth management to individuals or organizations. This role demands a deep understanding of financial markets, investment products, and personal finance. Financial consultants assess their clients’ financial goals, risk tolerance, and life situations to provide tailored advice. This can range from retirement planning, estate planning, and investment portfolio management to providing guidance on insurance and tax strategies. Building trust and a personalized approach are key, as you’re dealing with sensitive aspects of clients’ finances. This role requires staying current with economic trends and regulatory changes. Certifications like Certified Financial Planner (CFP) can enhance credibility in this field.

course creator

4. Online Course Instructor

Experience Level: Intermediate
Average Pay Rates: $500 to $3,000+ per month (depends on course sales)
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Course Creation Software, Microphone, Camera

As an Online Course Instructor specializing in accounting, bookkeeping, or financial literacy, you have the opportunity to share your knowledge with a wide audience.

This involves creating comprehensive, engaging, and informative courses that cater to different learning levels – from beginners to advanced professionals. Topics can range from basic accounting principles to complex financial modeling.

The key is to break down complex topics into digestible modules, incorporating real-world examples, interactive exercises, and quizzes. With the rise of e-learning platforms, you can reach global audiences, making this a scalable side hustle. It requires a combination of subject matter expertise and skills in course design and digital communication.

a financial blogger

5. Accounting Blogging

Experience Level: Beginner
Average Pay Rates: $100 to $2,000+ per month (depends on traffic and monetization strategy)
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Blog Platform, Secure Internet Connection

Starting a blog focused on accounting, financial advice, or tax tips allows you to share your expertise with a broader audience.

This side hustle can include writing about the latest accounting trends, offering tax planning advice, or simplifying complex financial concepts for readers. Successful accounting blogging hinges on your ability to present information in an engaging and accessible manner. It’s also vital to regularly update content to reflect the latest changes in laws and industry practices.

Monetization can come through advertising, affiliate marketing, sponsored content, or selling digital products. This side hustle demands strong writing skills, SEO knowledge, and a passion for continuous learning in the field of accounting.

freelance writer

6. Freelance Writing

Experience Level: Beginner
Average Pay Rates: $200 to $3,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Word Processing Software, Secure Internet Connection

Writing articles for finance and business publications as a freelance writer involves crafting well-researched, insightful, and engaging content for various media outlets.

This can include writing for magazines, online financial platforms, or business blogs. Topics can range from market analysis, corporate finance, investment strategies to broader economic trends.

This side hustle requires a knack for storytelling, the ability to translate complex financial concepts into layman’s terms, and a finger on the pulse of current financial events and trends. Networking with editors and building a portfolio are key steps to success in this field.

contultant

7. Financial Coaching

Experience Level: Intermediate
Average Pay Rates: $500 to $2,500+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Video Conferencing Tools, Secure Internet Connection

Offering one-on-one coaching sessions on personal finance management can be a rewarding side hustle. This involves working closely with individuals to understand their financial goals, challenges, and habits.

As a financial coach, you guide clients through budgeting, debt management, savings strategies, and investment planning. The objective is to empower them to make informed financial decisions and develop healthier money management skills.

This role requires empathy, excellent communication skills, and a deep understanding of personal finance. Establishing trust and maintaining confidentiality are paramount in this role.

someone creating a budget

8. Budget Planning Services

Experience Level: Beginner
Average Pay Rates: $200 to $1,500+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Budgeting Tools or Software

Providing budget planning services involves helping individuals or families to create, manage, and stick to a budget. This side hustle is focused on improving clients’ financial health by analyzing their income, expenses, and financial goals.

You would offer personalized advice on how to reduce unnecessary expenses, save more efficiently, and manage debt. This service can extend to teaching clients about financial literacy, helping them understand how to make better financial decisions.

It requires strong analytical skills, patience, and the ability to communicate complex financial concepts in an easily understandable manner. This service is especially valuable in times of economic uncertainty, as more people seek ways to manage their finances effectively.

a virtual CFO

9. Virtual CFO Services

Experience Level: Expert
Average Pay Rates: $1,500 to $5,000+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Computer, Financial Management Software

Providing Virtual CFO Services means offering high-level financial strategy, systems analysis, and decision-making guidance to small businesses that do not have an in-house Chief Financial Officer.

This role involves overseeing the financial planning, maintaining and reporting on the financial activities, and managing financial risk of the business. Virtual CFOs often assist with budgeting, cash flow management, finance-related decision making, and even liaising with investors or banks.

This service is invaluable for small businesses looking to scale or needing expert financial guidance without the cost of a full-time CFO. It requires extensive experience in finance, strong communication skills, and a strategic mindset.

A quickbooks specialist

10. QuickBooks Consulting

Experience Level: Intermediate (QuickBooks certification preferred)
Average Pay Rates: $400 to $2,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, QuickBooks Software

QuickBooks Consulting includes providing expert advice on the setup, use, and optimization of QuickBooks for business accounting needs. This service is not just about understanding the software itself, but also about applying accounting principles effectively within it.

As a consultant, you’d help clients customize QuickBooks for their specific business processes, troubleshoot issues, and train them or their staff on how to use the software efficiently. This role can also involve advising on best accounting practices and helping to streamline business financial operations. It’s ideal for those who are detail-oriented and enjoy teaching others.

someone completing payroll

11. Payroll Management Services

Experience Level: Intermediate
Average Pay Rates: $500 to $2,500+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Payroll Software

Providing Payroll Management Services entails handling the payroll process for other businesses. This includes calculating employee wages, managing deductions, processing payments, and ensuring compliance with tax and employment laws.

It’s a critical function as errors can lead to significant legal and financial consequences. This service can also extend to managing benefits and retirement plans, filing payroll-related tax forms, and keeping up with changes in labor laws.

Businesses often seek external payroll services to ensure accuracy, save time, and reduce the administrative burden on their internal staff. Skills needed include attention to detail, a strong understanding of payroll software, and staying updated with the latest tax codes and labor laws.

a forensic accountant

12. Forensic Accounting Services

Experience Level: Expert
Average Pay Rates: $1,000 to $5,000+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Computer, Forensic Accounting Software

Forensic Accounting Services involve using accounting skills to investigate financial discrepancies and anomalies, often for legal cases or fraud investigations.

This service is essential in situations like embezzlement, securities fraud, money laundering, and other financial crimes. Forensic accountants analyze financial data to uncover and interpret evidence of criminal activities. They may also be involved in litigation support, where they present findings in a legal setting, or in dispute resolution.

This side hustle requires a meticulous eye for detail, a deep understanding of accounting and legal standards, and strong investigative skills.

an ecommerce accoutnat

13. E-commerce Accounting

Experience Level: Intermediate
Average Pay Rates: $500 to $3,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, E-commerce Accounting Software

Specializing in E-commerce Accounting means providing tailored accounting services for e-commerce businesses.

This involves managing and understanding the complexities of online transactions, including sales tax in different jurisdictions, international sales, shipping costs, and digital payment systems. E-commerce accountants help businesses track their sales, expenses, and inventory in real-time, which is crucial for the fast-paced nature of online retail.

They also assist in strategic financial planning, tax preparation, and compliance with e-commerce-specific regulations. This role requires a good grasp of e-commerce platforms, digital payment systems, and constantly evolving online sales tax laws.

A woman working on crypto

14. Cryptocurrency Consulting

Experience Level: Intermediate
Average Pay Rates: $1,000 to $4,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Cryptocurrency Tracking Tools

Cryptocurrency Consulting involves offering advice on cryptocurrency investments, blockchain technology, and related taxation. As a consultant, you provide insights on cryptocurrency market trends, investment risks, and portfolio management.

This also includes guiding clients on the tax implications of buying, selling, and trading cryptocurrencies, which can be complex and vary significantly by jurisdiction. The role demands staying abreast of a rapidly evolving digital currency landscape, understanding regulatory changes, and possessing a deep knowledge of both finance and technology.

A real estate specialist

15. Real Estate Investment Consulting

Experience Level: Intermediate
Average Pay Rates: $1,000 to $5,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Real Estate Analysis Software

Providing financial advice for real estate investors as a Real Estate Investment Consultant involves analyzing market trends, identifying lucrative investment opportunities, and advising on property management. Consultants in this field help investors make informed decisions about buying, selling, renting, or flipping properties.

They assess the viability of investments, calculate potential returns, and guide clients through financial and legal aspects of real estate transactions. This side hustle requires a good understanding of the real estate market, investment strategies, property laws, and strong analytical skills.

An estate tax planner

16. Estate Planning

Experience Level: Expert
Average Pay Rates: $1,000 to $5,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Estate Planning Software

Offering Estate Planning services involves advising clients on how to manage their assets, both during their lifetime and after their death.

This includes creating wills, setting up trusts, managing estate taxes, and ensuring that the client’s assets are distributed according to their wishes. Estate planners also help with healthcare directives and power of attorney arrangements.

This role is crucial as it involves sensitive family matters and significant financial decisions. It requires not only a deep understanding of financial planning and tax law but also strong interpersonal skills to handle clients’ emotional needs and family dynamics.

A financial podcast host

17. Financial Podcast Host

Experience Level: Beginner
Average Pay Rates: $200 to $1,000+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Microphone, Recording Software, Computer

Starting a podcast on financial topics offers a platform to discuss a range of subjects from accounting tips to the latest industry news.

As a host, you’ll dive into topics like personal finance, investment strategies, economic trends, and more, possibly interviewing experts and offering insights to your audience. This side hustle requires staying current with financial news, understanding complex financial concepts, and being able to discuss them in an engaging way.

It also involves audio editing, marketing the podcast, and possibly securing sponsors. Successful financial podcasts can build a loyal listener base and become a source of income through advertising, sponsorships, and listener support.

Using excel spreadsheets

18. Excel Consulting

Experience Level: Intermediate
Average Pay Rates: $300 to $2,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Excel

Excel Consulting involves providing expertise in Microsoft Excel to businesses and individuals. This service includes creating sophisticated spreadsheet models, automating tasks with macros, and providing data analysis solutions.

Your role as a consultant could range from helping small businesses streamline their accounting processes to assisting larger corporations with complex data analysis. This side hustle requires a deep understanding of Excel’s advanced features, problem-solving skills, and the ability to translate client needs into effective Excel solutions.

With businesses and individuals increasingly relying on data, skilled Excel consultants are in high demand.

A content creator making video content

19. Financial Content Creator

Experience Level: Beginner
Average Pay Rates: $200 to $2,500+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Computer, Content Creation Tools

As a Financial Content Creator, you create and sell resources like financial planning templates, budget planners, or educational eBooks.

This involves understanding common financial challenges and creating tools or content that help people manage their finances more effectively. For example, you might create budgeting templates for families, investment planning guides for individuals, or financial management eBooks for small business owners.

Success in this field requires not only financial expertise but also the ability to present information in a clear, user-friendly manner. This side hustle can be lucrative as digital products have low ongoing costs and can be sold globally.

Man with headphones training someone online on accounting software

20. Accounting Software Training

Experience Level: Intermediate (knowledge of specific software required)
Average Pay Rates: $500 to $2,500+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Computer, Accounting Software

Conducting training sessions for various accounting software platforms is about helping individuals or businesses understand and effectively use accounting software.

This could involve training small business owners on QuickBooks, teaching corporate teams how to use SAP, or providing workshops on newer cloud-based platforms. This side hustle requires thorough knowledge of the software, the ability to teach others, and the skill to tailor your training to different skill levels.

As more businesses move to digital accounting solutions, the demand for knowledgeable trainers in this field is growing.

Members of an investment club sharing information

21. Investment Club Facilitator

Experience Level: Intermediate
Average Pay Rates: $500 to $3,000+ per month
Min. Time Per Week: 5 hours
Equipment Needed: Computer, Investment Analysis Tools

Starting and managing an investment club involves bringing together a group of individuals interested in learning about investing and pooling their resources for collective investment.

As a facilitator, you would organize meetings, provide educational resources, lead discussions on potential investments, and manage the portfolio. This role requires a good understanding of investment strategies, risk management, and the ability to guide and educate members with varying levels of experience.

It’s a great way to network, share knowledge, and potentially profit from collective investment strategies.

A woman at a financial seminar

22. Financial Seminars and Workshops

Experience Level: Intermediate
Average Pay Rates: $1,000 to $5,000+ per session
Min. Time Per Week: Hours vary greatly depending on frequency of seminars/workshops
Equipment Needed: Computer, Presentation Software, Audio/Visual Equipment

Hosting seminars or workshops on financial topics is an excellent way to share expertise with a broader audience. These events can cover a range of topics, from basic personal finance and investment strategies to more complex subjects like corporate finance or tax planning.

Success in this side hustle depends on your ability to present information in an engaging, informative way and to tailor your content to your audience’s needs. These seminars and workshops can be monetized through ticket sales, sponsorships, or by offering additional services to attendees.

A start up accountant working from home

23. Accounting for Startups

Experience Level: Intermediate
Average Pay Rates: $500 to $3,000+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Computer, Accounting Software

Offering accounting and financial advice specifically tailored for startups involves understanding the unique challenges faced by new businesses. This includes cash flow management, fundraising, budgeting, and setting up accounting systems.

Startups often require guidance on financial decision-making and navigating tax laws. This side hustle demands not only accounting expertise but also an entrepreneurial mindset and the ability to provide strategic advice that can help startups grow and succeed.

A side hustler running a Youtube channel

24. Personal Finance YouTuber

Experience Level: Beginner
Average Pay Rates: $200 to $3,000+ per month
Min. Time Per Week: 10 hours
Equipment Needed: Camera, Microphone, Video Editing Software, Computer

Starting a YouTube channel focused on personal finance and accounting advice means creating content that helps viewers understand and manage their finances.

This could include videos on budgeting, investing, tax preparation, and financial planning. Success in this field requires creating engaging, informative content, understanding what your audience is interested in, and staying current with financial trends and changes.

Monetization can come from advertising revenue, sponsorships, affiliate marketing, and offering additional services like financial coaching or eBooks.

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Final Thoughts: Side Hustles for Accountants

Exploring side hustles for accountants can be a transformative step in your career. As we’ve navigated through various options, from financial consulting to online course creation, it’s clear that the skills inherent in accounting professionals are both versatile and in high demand.

By engaging in these side hustles, you not only boost your income but also broaden your professional experience, making your skillset even more valuable. Whether it’s helping startups navigate financial challenges, sharing your expertise through content creation, or guiding individuals through tax complexities, the opportunities are as diverse as they are rewarding.

So, take the leap and start your journey into the exciting world of side hustles for accountants, where each venture opens the door to new possibilities and personal growth.

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