Work from home opportunities have really come up in a big way. As with many jobs being outsourced to freelancers and part-time workers there is also a demand for bookkeeping services. This is happening because the firms want to cut costs and delegate work to the trained but cheap professional services. Most of the times, firms look at bringing down the costs of hiring in house accountants because after all they don’t come cheap. Most of the times, teams of accountants are hired for a project, but they later become a liability when work is minimal. With freelancers companies especially the ones with low working capital can expect to save precious dollars by outsourcing the work to an external agency or person.

With full time accountants companies also need to set aside office space. Freelancers can work outside the office premises and if required for short term within the office. Companies are also assured of the quality of work since they are hiring professional chartered accountants. They are also able to concentrate on core business aspects by allotting the accounting work to freelance and work from home accountants. Start ups and smaller companies prefer working with freelancers because they do not have such large accounting needs. But at the same time they need to hire the right professional who is able to handle the duties effectively and who is able to understand the intricacies of the organization. Accounts is a critical function in any organization and one cannot afford to play around with the management of the same. The person hired to take on the job should possess the necessary skills as well as be able to deal with the core competencies of the firm. Accountants who work from home or on a freelance basis are not difficult to find. It is necessary however to select a bookkeeper who has some form of formal training in this field.

For a person who wants to work as a freelance accountant, the most important criteria should be to find the right clients. You will face tough competition because of the low entry barriers in this field therefore concentrate on a specific target market. The target market can be a small or larger business corporation. The business plan should also be quite clear in your head. Bookkeepers usually charge by the hour which is quite fair as the amount of work and time required would depend on the size of the business being handled. For freelancers, it is an ideal opportunity as the initial capital required is very low and there are very low if not nil establishment costs. The key to succeed and securing clients depends on how well you market yourselves online and otherwise, so you can gain the maximum from your expertise.