9 Best Side Hustles For Accountants To Make Extra Cash
Compared to other professions, accountants are usually paid higher. But if you’re willing to boost your savings or just want to earn extra money, many side hustles can help you.
Perhaps you might have graduated recently as an accountant and you’ve to pay your student loan_Whatever the purpose is, this guide is for you!
As an accountant, you already have knowledge and skill set that you can use to earn extra cash. Apart from these, you can also learn many other profitable skills as a side hustle. In fact, you can make these hustles as a full-time income source.
In this article, I’ll share the best side hustles for accountants that I’ve put together over here after extensive research. Get ready and read on to know all of them!
9 Best Side Hustles For Accountants
Ready to know the best side hustles for accountants online to make extra cash? Here, I’ll discuss them one by one!
1. Tax Consultant
People might come to you with their tax questions if you work as an accountant_that’s where you can help people in filing tax returns and earn extra cash.
To be honest, tax consultation is a high-income side hustle. You can approach large or small businesses, families, and individuals online or directly to help them with tax returns. According to a survey, 38% of people hire accountants who can help them with their tax returns.
The exciting thing is_ small businesses don’t have enough resources to hire large tax consulting firms, so your chances of getting hired are greater. You can offer them financial consulting services, tax planning and investment advice.
2. Freelance Accounting
As an experienced accountant, you can offer freelance accounting services to businesses and individuals looking for help with their financial matters. You can offer them many services including invoicing, tax preparation, financial analysis, filing tax payments etc.
One of the most interesting things is_ you can offer your services on various freelancing platforms like Fiverr, Upwork or Freelancer and also contact small businesses directly.
You can work from anywhere according to your own working hours, either part-time or full-time. Before working with any client, ensure that the client is legit and there’re no conflicts.
You’re dealing with numbers every time but don’t know how this skill can help you make some extra cash. Well, let me tell you.
Working as a bookkeeper or auditor is another top side hustle for accountants, directly relating to their skills and knowledge. You don’t need accounting experience, but your knowledge and skills will definitely help you in this work.
Small businesses may hire you as a bookkeeper to deal with their financial processes. It may be short-term, however, most of your clients will be ongoing. You must be familiar with bookkeeping software like Xero or Quickbooks. I suggest you take a short bookkeeping course to polish your skills.
4. Blog/Niche Website
Starting a blog/niche website is a profitable side hustle. Although it takes some time and investment to start, once it’s going, it’s very profitable.
To start, first, you’ll need to purchase a domain from Hostinger, Namecheap or GoDaddy etc. You’ll have to pay an annual fee that’s less than $40. You can either create a blog on a topic of your interest or related to your profession such as financial planning, taxes etc_it can be any topic related to accounting.
Within six months, you can grow and monetize your blog to generate passive income for you. In the end, you’ll own your business apart from an accountant job.
5. Create Online Courses
Another profitable side hustle for accountants is to create and sell online courses on various online learning platforms. According to a Forbes survey, the international e-learning market will be worth $325 billion in 2025.
Hundreds of accountants like you, are already selling their courses on Udemy, Coursera, edX, Lactera etc and generating extra cash. You can publish as many courses as you want at no cost.
You can also promote your courses on different social media platforms to build a professional network, which will help you to attract more customers.
6. YouTube Channel/Podcasts
In this digital era, starting a YouTube channel or podcast is another profitable side hustle for accountants online to make extra cash.
Using your expertise, creating videos or podcast episodes on accounting topics makes sense. However, you’ll need to have patience but once you’ll start earning, it’ll be worth all your efforts.
All you need is _a laptop and a built-in microphone to give it a start. You’ll need to cover the milestone of 1000 subscribers and 4,000 hours of watch time to become eligible for earning. The key to success is, to create high-quality videos that appeal to your audience.
Once you fulfil these criteria, you can apply for monetization and generate revenue through running ads on videos. This is not the only way you can also earn through affiliate marketing, product selling and direct sponsorship.
7. Sell Your Photos
If you have passion in photography then it could be the best way to monetize it. Sell your creative photos on platforms like Shutter Stock, iStock and Pexels.
A person who doesn’t want to show face, can sell their feet images on websites like FeetFinder and get paid for each purchase. However, you need to pay subscription fee and a commission on sales for the services.
8. Accounting Teacher/Professor
This is a rewarding and flexible side hustle for accountants. For most of the students, accounting is a tough subject. As you’ve a lot of knowledge and expertise in subjects like finance and math, you can tutor students personally, at any college or university.
As a CPA, you can assist students who’re willing to appear in the CPA exam. Many students hire personalized tutors to get good grades.
Wait, this isn’t the end_you can also start your tutoring business online. You can teach students on different teaching platforms like Wyzant, Preplay etc, with rates starting from $20-$50 per hour.
As an accountant, you’ve immense knowledge and skills that you can share with others. You can offer coaching services to families, business owners, entrepreneurs and individuals.
There is no limit to topics_you can coach on any topic like accounting, investment, taxes, finance management etc.
The most interesting thing is_it can be done online via phone calls or video chats all over the world. You can approach potential clients directly or list your services on freelancing marketplaces such as Fiverr and Upwork.
You’ll just need to decide the topic or area of your interest for coaching. Then, you can develop your experience to kick-start your journey.
There’re plenty of side hustles for accountants but the best is one that perfectly aligns with your interest, expertise and experience. You can choose any side hustle out of your field but your interest and passion will decide which hustle will work best for you.
No matter whether you’re looking to earn extra cash, trying to pay off some debt or just want to retire early, I’ve discussed some amazing ideas to get you going! In most of the side hustles, you just need to have a laptop and internet connection, you’re good to go!
So, what’re you waiting for? Choose a hustle of your interest and kickstart your journey to make extra cash!
Which is the best side hustle to earn money?
The top side hustles for an accountant include tutoring, accounting consulting, coaching, ebook publishing, and affiliate marketing.
How can I start a bookkeeping service?
Pick your niche to make a business plan, register it and select a bookkeeping software. Make a proper infrastructure for your business and set up prices. Use a strategy to attract customers.
How can I make more money as an accountant?
In fact, there’s a long list of side hustles that you can adopt to generate handsome cash. But consulting, coaching and blogging have the potential to help you make even up to $10,000/month.