An entrepreneurial career in accounting will involve working with other companies and entrepreneurs to help them in their business or providing advice and expertise to businesses or government agencies depending on the type of work being done. In some cases, an entrepreneur thinks they have to do everything themselves, so as an account professional, you’ll often have to get past that mentality to help.
As a freelance bookkeeper, you’d be working with businesses that don’t often need a full-time bookkeeper. They need someone to come in once a week and look over the work of a bookkeeping clerk or office manager who is taking on the role of bookkeeper on a part-time basis. These are often small businesses that don’t have the budget for a bookkeeper. You’ll need to be able to visit the location on a schedule that you and the owner agree to each week.
As a coach, you’ll help a small business set up their billing accounts, vendor payments, software options and tax requirements. You wouldn’t be providing long-term accountant and bookkeeping services. As a coach, you will provide advice and beginning help to the entrepreneur or small business owner.
Virtual Bookkeeping Assistant
As a virtual assistant, you’d be working for yourself much like a freelance bookkeeper except you’ll do everything virtually. You don’t need to visit a business to oversee their bookkeeping duties. Instead, you’ll use the same software, and often, you’ll set up the software for the company too. You’ll perform daily or weekly tasks for the business since they are normally entrepreneurial spirits like yourself who have started a small business of their own.
With a specialization in tax accounting, you’d be giving tax advice as well as preparing taxes. This isn’t a job that only has work around tax season. Throughout the year, a tax accountant will spend time recommending and implementing tax strategies for his or her clients. Those clients could be small business owners, entrepreneurs, corporations or individuals depending on the accountant’s specialization within the tax field. A background in tax law is essential for someone who wants to go into taxes.
An accountant who specializes in forensic is much like an investigator. They are looking for fraud and embezzlement within another company’s ledgers and accounts. The entrepreneurial career involves the ability to track and analyze financial evidence. Forensic accountants will often be hired by government agencies, investigators or the police to track a criminal enterprise. Along with analyzing evidence, a forensic accountant has to be able to gather evidence into reports that can be read by a layperson, and the accountant will often have to testify in court against defendant’s they’ve investigated.
Whether you work with other entrepreneurs, government agencies, police departments, individuals or small businesses, you’ll need to find a specialization that works within your chosen career. It might involve more than specific accounting courses. You might have to take some business or tax law courses during the education phase.