1. What is service accounting, or freelance accounting
Service accounting, or freelance accounting processing for many businesses, is considered an attractive job because you will have extra income and be able to be time-reliant. However, not everyone can do this job well.
Accounting for the more businesses, the stronger your technical skills must be, know how to organize time as well as quickly process data when you need to report. At least you have 2-3 years of experience as an accountant to meet these requirements as well as customers to trust to deliver data to you.
However, businesses that outsource service accounting are usually small and not so many transactions, their main need is only periodic tax declaration and year-end tax finalization, so you do not need to worry too much when taking on more jobs.
2. What to do when accounting for many businesses
Specifically when receiving the freelance accountant job for the business, what do you need to do? Check out the list below:
– Collecting invoices, banking and other documents on monthly basis.
– Calculate and submit social insurance, health insurance, unemployment insurance,
– Accounting data into excel or accounting software for businesses.
– Make monthly and quarterly tax declarations and submissions; annual tax finalization report and annual financial statements to tax authorities.
– Report and manage the tax compliance (Value Added Tax, Corporate Income Tax, Personal Income Tax…).
– Print out the accounting books that have been made.
– Working and explaining the accounting data to stakeholders such as tax officials, statistics officers, auditors, banks… when requested.
And to secure monthly work, when signing a contract, remember to ask the business to make sure to fully aggregate the input bill – monthly output and hand over the token (digital signature) or let you connect their computer remotely.
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