Accounting side gigs 'a transition strategy' to business ownership, says CEO
Setting up a bookkeeping or accounting side gig may be an effective way for those working in corporate accounting to explore business ownership, according to Platinum Accounting Australia.
The chief executive of Platinum Accounting Australia, Coco Hou is calling on professionals working in accounting and finance to consider taking on a side business in bookkeeping and accounting, with demand for accounting services from businesses continuing to rapidly grow.
“With the increasing number of businesses seeking help, the industry requires more skilled individuals to support small businesses in managing their accounts and meeting compliance obligations,” said Hou.
Hou said offering these services as part of a side gig not only supports the industry, but also offers professionals working in the finance and accounts areas in corporates and boutique accounting firms a pathway to building their own full-fledged business.
“We are seeing an increasing number of businesses that need bookkeeping and accounting support, and it is putting pressure on the industry. We need more people to step up and help, especially those already skilled and working in corporate accounting,” Hou said.
“Taking on a side hustle can be a great way to earn more money, and for those with an entrepreneurial spirit, it is the perfect stepping stone to starting and growing their own accounting business.
“There is plenty of support as well for people wanting to take on a side hustle. We offer mentoring, support and guidance as part of our national network.”
Hou said a side hustle in accounting can provide flexibility and real-world experience.
“You can start small, build your clientele and eventually turn it into a full-fledged business. The demand for tax agents and bookkeepers is on the rise and there’s a tremendous opportunity for those willing to take the leap," she said.
House said that building and growing a business in the accounting sector can be an "incredibly rewarding experience".
"For those in corporate roles who want more independence and the ability to work ‘hands-on’ with businesses and owners, taking on a side gig can help them build the foundation for something bigger,” Hou said.
“With the increasing number of businesses in need of bookkeepers and accounting support and advice, there is plenty of work available for people wanting to take on a side hustle."
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