13 Side Hustles for Accountants to Make Extra Money

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Side Hustles for Accountants

Are you an accountant who’s looking for ways to make extra money on the side? If so, you’re in luck! There are a number of great side hustles that are perfect for accountants.

In this article, we’ll look at the best side hustles for accountants. So, whether you’re looking for a way to earn a little extra cash or want to start your own business, read on for some great ideas.

Looking for more options? See our list of 150+ side hustle ideas.

Side Hustles for Accountants and CPAs

Whether you’re just starting out as an account or an experienced Certified Public Accountant, there are some excellent side jobs you can do for extra money. Here are our top suggestions.

1. Freelance Accounting

One of the great things about being an accountant is that you can easily offer freelance work. This means that you can work from home, set your own hours (around your full-time job), and choose your own clients.

If you’re looking for a way to make extra money on the side, freelancing is a great option. You can find work through online platforms such as Upwork or Fiverr, or by contacting local small businesses directly.

You can offer your services to small businesses that need help with setting up or managing their finances, filing estimated tax payments, tax planning for families, and also income tax preparation. Of course, the months leading up to the April tax deadline every year will be the busiest if you’re focusing on tax preparation. This accounting side hustle can be extremely profitable and you may be able to make a significant amount of money in just a few months.

If you’re interested in tax preparation, you can start by helping family and friends with their taxes. Once you’ve got a few tax return clients under your belt, you can start advertising your services online or through word-of-mouth.

Freelancing can also help you in more ways than just providing some extra money. The experience you gain and the connections you make may open up new doors in the future or help you to prepare for advancement opportunities.

Before you take on any clients as a freelancer, check with your employer to be sure that there are no issues or conflicts of interest if you do client work outside of your job.

2. Bookkeeping

Another excellent side hustle for accountants is to offer bookkeeping services. This can be a great way to help small businesses keep track of their finances, and you can work from home or remotely.

Bookkeeping does not require accounting experience, but as a professional accountant, you’ll have knowledge and experience that certainly help in your work, and you may be able to charge more for your services than an entry-level bookkeeper.

A small business owner may hire a bookkeeper for short-term projects to help them set up or improve their own financial processes. However, most of your clients are likely to be ongoing. This could include small businesses that aren’t quite big enough to need a full-time accountant, yet need someone to stay on top of their finances. You might work for them a few hours per week or per month, which provides you with stability.

To get started, you’ll need to be familiar with bookkeeping software such as Quickbooks or Xero. You can also consider taking a bookkeeping course to brush up on your skills if needed. Once you’re confident in your abilities, you can start looking for clients.

You can offer your bookkeeping services to clients through platforms such as Upwork or Fiverr, or you can contact businesses directly. You may even know a few small business owners or entrepreneurs who would benefit from your services. And since most of your clients will be ongoing, it’s possible to have a great side hustle with only a few clients, or possibly even a single client.

To learn more, please see How to Start a Bookkeeping Business.

3. Consulting

If you’re looking for a more high-end side hustle, you can offer your consulting services. Working as an accounting consultant is an excellent way to use the knowledge and experience you’ve gained from your job in a different capacity.

You can offer to consult for businesses of all sizes, but small businesses are likely to be the most interested in your services since they may not have the resources or budget to hire a larger consulting firm.

There are many different ways you can consult for businesses. You can help them with their finances, advise them on tax planning, or help them to set up their own internal accounting and bookkeeping processes. The options really are endless.

It’s also possible to offer consulting services to families and individuals in addition to businesses. For example, you can offer tax planning services to help people save money on their taxes. You can also offer financial consulting services to help people make sound investment decisions or plan for their retirement.

You can start by contacting businesses or individuals who you think could benefit from your services. You can also list your consulting services on platforms like Upwork or Fiverr.

To learn how to get started, please see Kings of Consulting.

4. Coaching

If you’re looking for a side hustle that is both rewarding and flexible, coaching may be the perfect option for you. As an accounting professional, you have a lot of knowledge and experience that others would find valuable.

You can offer coaching services to business owners, entrepreneurs, or even families and individuals. The topics you can coach on are endless, but some ideas include financial coaching, business coaching, tax coaching, and investment coaching.

Coaching is a great option if you’re looking for a side hustle that you can do entirely online. You can meet with clients over the phone or video chat, and you can work with clients from all over the world.

To get started, you’ll need to decide on the type of coaching you want to offer and build up your experience in that area. You can then start marketing your services to potential clients. You can list your coaching services on platforms like Upwork or Fiverr, or you can contact businesses or individuals directly.

5. Freelance Writing

If you’re a strong writer, you can use your skills to make some extra money on the side. There are many businesses that need content written but don’t have the time or resources to do it themselves.

As an accountant, you’re likely to have a lot of knowledge and experience in personal finance, business finance, taxes, and investing. This makes you an excellent candidate for writing about financial topics. This is ideal because these topics generally allow you to earn an excellent rate for your services. And if you’re a CPA, you’ll be able to demand higher rates because your expertise will be desirable to clients.

Your projects may include blog posts, articles for websites, eBooks, or even whitepapers. You can find clients by checking freelance writing job boards, joining Facebook Groups for freelancers, networking on LinkedIn, or reaching out to websites and blogs that hire freelance writers for financial topics.

This could be an ideal side hustle because you can easily do the work around your existing schedule. Additionally, if you have a few clients who need ongoing work (which is common if you’re writing for websites or blogs), you won’t need a lot of clients. You may be able to find a few long-term clients and have plenty of work to make a great side hustle income.

Freelance Writing 101 by Brad Merrill provides an excellent overview that will get you started as a freelance writer.

6. Blog or Niche Website

If you’re interested in making money through digital marketing, starting a blog or niche website can be a great option. This side hustle will take some time to get started and to start earning an income, but it can be very profitable once it gets going.

While you could start a site on any topic that interests you, one option is to use your expertise to create a blog on accounting, taxes, financial planning, or some area directly related to your full-time job. So instead of writing for other websites and blogs as a freelancer, you’ll be the one owning the business.

Compared to freelancing, starting a blog or niche website offers higher income potential (the income potential is unlimited), but it will take longer to start making money. By freelancing, you can earn money as soon as you have your first client. With your own site, it might take six months or more before you start earning anything from your work.

As your blog or website grows, you can start monetizing it in a number of ways. You could monetize it through advertising (including Google AdSense), affiliate marketing, creating and selling products (like eBooks), or even offering services directly through your site.

This is an excellent opportunity if you’re interested in starting and growing an online business. It could begin as a simple side hustle, but the sky is the limit and it’s possible that your site could turn into a thriving business.

To learn more, please read my Guide to Building a Profitable Niche Website.

7. YouTube Channel

You can create a YouTube channel on just about any topic, but as an accountant, it would make sense to use your expertise by creating videos on financial topics such as accounting, taxes, investing, or personal finance. This could be a great way to use the knowledge you have from your full-time job to make some extra money on the side.

To start earning money from your YouTube channel through the YouTube Partner Program, you’ll need to reach the 4,000 hour watch time and 1,000 subscriber threshold. Once you reach this threshold, you can apply for monetization and start running ads on your videos. You’ll then earn a portion of the revenue from these ads.

You can also earn money through direct sponsorships, affiliate marketing, or creating and selling your own products. These are just a few of the ways that you could monetize your YouTube channel.

The key to making money with this side hustle is to produce high-quality videos that offer valuable information to viewers. Once you build up a large enough following, you can start earning an income from your YouTube channel.

Just like starting your own website or blog, building a YouTube channel from scratch takes some time and patience. You’ll need to put in several months of work, at least, before you see much of a payoff. But the long-term rewards can be well worth the effort.

8. Podcast

Podcasting is another option for those who want to start their own business. And like starting a blog or YouTube channel, it can be done on just about any topic, although it would make sense to use your accounting expertise.

To start making money from your podcast, you’ll need to monetize it through advertising, sponsorships, affiliate marketing, or creating and selling your own products. Just like with a blog or YouTube channel, the key to making money with this side hustle is to produce high-quality content that will appeal to a large audience.

It can take some time to build up a following for your podcast, but once you do, you can start earning an income from it. If you’re patient and produce quality content, this could be a very profitable side hustle.

Starting a podcast is easier and cheaper than you might think. If you have a laptop with a built-in microphone, you have everything you need to record your episodes. A higher-quality mic will produce better audio, but that’s not completely necessary to get started. You could always upgrade your gear once your podcast is making some money. Audacity is free software you can download and use to edit your audio files.

To learn more about podcasting, please see A Practical Guide to Creating a Podcast.

9. Printables

If you have a knack for design, you can create printables and sell them online. Printables are simply digital files that can be printed out by the customer. They can be anything from planners and organization charts to grocery lists and recipe cards.

As an accountant, you could create budget planners and other tax or financial printables. The possibilities are endless. If you’re looking for ideas, simply search Etsy for keywords related to money and printables. You’ll see lots of examples of the types of products you could create.

Although this side hustle is ideal for someone with graphic design experience, you certainly don’t need to be a designer. Thanks to Canva, creating printables is a pretty simple task. And if you prefer to hire someone else to do the design work, you can easily find freelance printable designers on Fiverr for very reasonable rates.

You can sell your printables on Etsy or create your own website with a platform like Shopify or Podia. Creating your own site will require more work, but the income potential is higher and you’ll be in full control. Starting with Etsy is a good idea because you can get your shop up and running quickly, and then you can create your own website later if you prefer.

10. Teaching or Tutoring

If you’re looking for a side hustle that is both flexible and rewarding, tutoring may be the perfect option for you. As an accountant, you have a lot of knowledge and experience in math and finance. And this makes you an excellent candidate for tutoring students who need help in these subjects.

If you’re a CPA, you can tutor students who are preparing to take the CPA exam. Many people are willing to pay to get some personalized help that will increase their chances of passing the exam.

Another similar option is to work as a part-time teacher. You could get a job as an adjunct professor at a local college or university and teach an accounting class. When I was in college, I took an accounting class in the evening that was taught by a full-time CPA.

To get started, you can check with community colleges or other colleges and universities in your area. Or, you may be able to find a job teaching an online course that would allow you to work from home.

11. Create an Online Course

Another type of online business you could create is an online course. This could be a course on anything from accounting software to tax preparation. And since you’re an accountant, you have the perfect skillset for creating a successful online course on related topics.

Creating an online course requires some time and effort, but it can be very profitable. Once your course is created, you can sell it over and over again without having to do any additional work. And if you create a popular course, you could make a lot of money from it.

To get started, you’ll need to determine what topic or topics you want to cover in your course. Once you’ve done that, you can start creating your lectures and other materials.

You can offer your course through a platform like Udemy or Skillshare, which is an easy way to get started. However, you’ll have the potential for higher income if you create your own website and sell the course on your own. That may sound difficult but it’s actually very simple thanks to Teachable or Podia. These platforms will help you to create a professional-looking site that will host your course and accept payments from students.

And if you want to increase your income and grow your business, you could create multiple courses on different topics. This would give you a passive income stream that could eventually grow into a full-time income.

To learn more, please see Online Course Masters.

12. Self-Publishing

If you’re a good writer, self-publishing a book or e-book can be a great way to make money on the side. And since you’re an accountant, you could write an e-book on any number of topics related to your profession. For example, you could write a book on tax planning or how to prepare for the CPA exam.

Amazon’s Kindle Direct Publishing (KDP) is a popular platform for publishing e-books. It’s easy to use and it doesn’t cost anything to get started. Once your book is finished, you can upload it to KDP and make it available for sale. Amazon will take a percentage of each sale, but you’ll keep the majority of the profits.

With this model, you don’t need to pay to have hundreds or thousands of copies of your book printed in advance, and you don’t need to deal with inventory. When a customer purchases your book, Amazon will print a copy and ship it to them.

Writing one book or e-book is a great start, but if you want to maximize your income and build a business you can continue by working on additional books. This could eventually lead to a full-time income from writing if you’re able to produce enough quality content.

Becoming a self-published author could also help your career in other ways aside from simply proving extra cash on the side. You’ll be able to brand yourself as an expert on the topics you write about and it could lead to opportunities for speaking engagements, sponsorships or brand partnerships, or even a new job.

For a detailed guide on making money with self-publishing, see From First Draft to Bestseller.

13. Investing

Investing in stocks is a great way to make money on the side, and it’s something that you can do with just a few hundred dollars. Platforms like Public.com and Webull make it easy for anyone to invest thanks to support for fractional shares and commission-free trades.

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If you’re looking for passive income, one of the best options is to buy dividend stocks. These stocks pay out a portion of their profits to shareholders each quarter (or sometimes annually or monthly), and they can provide a steady stream of income. You can reinvest your dividends to buy more shares or you can take the cash and use it for anything you want.

Another option is to invest in real estate through platforms like Fundrise. With Fundrise, you can invest in a portfolio of income-generating properties for as little as $10. And since Fundrise is a passive investment, you won’t need to do any work to earn money from your investment.

There are also other ways to invest in real estate, such as becoming a landlord. This option will require more work since you’ll need to find tenants and manage the property, but it can be a great way to earn extra income if you have the time and energy for it.

Frequently Asked Questions

How can an accountant make extra money?

There are a number of ways that an accountant can make extra money, including freelancing, offering tax preparation services, bookkeeping, consulting, teaching/tutoring, and more.

How do accountants make passive income?

Some of the best ways for accountants to make passive income include creating online courses, selling digital products (like budget printables or spreadsheets), selling books/e-books, or starting a content-based website.

How do I become a freelance accountant?

If you want to become a freelance accountant, you’ll need to build up a client base. You can start by offering your services to friends and family, and then expand from there. If you have a full-time job as an account, check with your employer first to be sure that there is no conflict of interest.

Can you do accounting as a side job?

Yes, you can do accounting as a side job. You could work part-time as an employee, freelance, offer bookkeeping services, or consult with clients. There are also a number of ways to incorporate your expertise into an online business, like creating an online course.

Can I do bookkeeping on the side?

Yes, you can do bookkeeping on the side. In fact, many bookkeepers are part-time freelancers. If you have a full-time accounting or bookkeeping job, this is an ideal way to make extra money.

What does a freelance bookkeeper do?

A freelance bookkeeper is responsible for keeping track of a company’s financial transactions. This can include recording revenue and expenses, preparing financial statements, dealing with sales tax, and filing taxes.

Can you be an accountant and work from home?

Yes, some accounting jobs can be done remotely. If you’re not able to find remote employment, you could opt to freelance or start your own business instead.

Is tax preparation a good side hustle?

Yes, tax preparation can be a good side hustle. This is because it’s a service that is always in demand, and you can make a good hourly rate. The downside is that it is highly seasonal and the amount of work is not consistent. You’ll be busy during tax season but may not have a lot of work at other times of the year.

Final Thoughts on Side Hustles for Accountants

As a finance professional, you have a lot of knowledge and expertise that other people would be willing to pay for. If you’re looking for ways to make good money outside of your full-time job, consider freelancing, starting a blog or YouTube channel, or launching your own podcast. These are just a few of the many side hustles for accountants. With some hard work and dedication, you can start earning a nice income from one or more of these options.

Disclosure: Information presented on Vital Dollar and through related email marketing is intended for informational purposes only and is not meant to be taken as financial advice. Please see our Disclosure for further information.