Your Complete Guide to Online Accounting Jobs

online accounting jobs

While the fallout of Covid-19 continues to affect large portions of the world’s economy, working remotely is becoming a new work trend. Online accounting jobs are no exception. Fresh-graduate accountants, those with a CPA certification, and people returning to work should still be able to find opportunities for remote and virtual accounting jobs. Instead of working in an actual office, virtual accountants work from home or another location outside of the office. 

However, finding those opportunities may take some additional digging to understand which professions and industries are best situated for remote workers. Check this article for the complete guide to online accounting jobs! 

What does a virtual accountant do?

Virtual accountants are in charge of a wide range of responsibilities, depending on their profession. Like the duties of their traditional counterparts, a remote accountant’s responsibilities may include:

  • Examining and verifying financial statements
  • Calculating, preparing, and filing tax returns and other tax-related work during tax season
  • Helping business owners reduce costs and/or improve profits to run more efficiently
  • Keeping the books and financial records up to date
  • Ensuring that accounting procedures adhere to best-practice standards
  • Overseeing payroll operations

Though an outside auditor is usually brought in to review the accountant’s work, for smaller companies an accountant may double as an auditor around tax season. Some other common duties of virtual accountants may include: 

  • Documenting individual expenditures
  • Reviewing financial statements for quality assurance
  • Verifying transaction compliance 
  • Identifying potential internal and external risks for fraud
  • Estimating and evaluating the efficiency of financial operations and decision-making
  • Making best-practice budget recommendations to increase the financial efficiency of their clients

With the given duties, it’s common for employers to seek experienced virtual accountants who are familiar with accounting software and cloud computing. Additionally, some software-based companies like Shopify, Stripe, and TaxJar require their candidates to have technical skills.

See more: What Are the Differences Between a Bookkeeper and an Accountant?

How much do online accounting jobs pay?

Since a virtual accountant is involved in several different tasks on any working day, the salary possibilities for online accounting jobs are wide-ranging and often based on the applicant’s accounting experience, not the job location. 

According to ZipRecruiter, a virtual accountant’s annual salary currently ranges between $44,000 to $63,000, with top earners making $86,500 annually across the US. The average annual salary for a Senior Regulatory Accountant that works from home is $98,833. 

Salaries in certain cities can be significantly higher. For example, in California, the annual salary for virtual accounting jobs varies from approximately $63,000 to $70,000.  

Again, the pay rate isn’t affected by the location of the job but is usually influenced by supply and demand, cost of living, job requirements, and whether the position is full-time or part-time.

Where can you find online accounting jobs?

Given that work situations have changed for so many people and businesses, virtual accounting jobs are available all around the country.

Cloud-based enterprises

Cloud-based companies were thriving before the pandemic hit, and they will likely continue to grow once the pandemic ends. These companies are finding innovative ways to reach new clients, expand their employee base, and transition office environments to remote work. Staff in these companies can work from anywhere across the country, as they serve clients through cloud-based applications, software, or online platforms. 

E-commerce companies

Many e-commerce companies have grown dramatically during the pandemic as buyers have turned to shop online while staying home. Online shopping has become a new global trend that helps consumers avoid going to a physical store and dealing with reduced capacities, empty shelves, or the general anxiety that can arise from catching Covid-19.

E-commerce companies often have a flexible working environment. This allows their accountants to work from anywhere and connect virtually through meeting software. 

Financial institutions

When most people think of a financial institution, they likely think of physical locations such as ATMs, bank tellers, and loan officers. Though most of these locations have stayed open for customers to handle their day-to-day tasks, most of the back-office work of financial institutions can be done remotely. This makes them an ideal option for accounting professionals looking for remote opportunities.

Some popular financial institutions hiring online accounting jobs are Citizens Bank, JPMorgan Chase, and USAA. These financial institutions often hire accountants for various roles, such as audit managers, home lending specialists, and loan underwriters.

Recruiting platforms or agencies

There are plenty of recruiting, hiring, and job-placement platforms and agencies which can help accountants find remote work that fits their job needs and skillsets. Some platforms even focus on specialized roles, such as accountants, financial experts, etc. This helps avoid a one-size-fits-all recruiting partner who sometimes feels like they’re looking for a sale and not the right fit.

Accounting Principals, Kforce, Randstad, ZipRecruiter, and Robert Half International are some notable recruiting platforms for remote jobs. 

Even if a recruiting agency can’t find the right online job opportunity for an accountant, it can still offer many job-seeking benefits. For instance, these agencies can help applicants become aware of available types of work, as well as help match their knowledge and experience level with the best-suited job. This allows the job seeker to make an informed decision about their next place of employment.

Startups

The term “startup” refers to a company’s current status rather than the industry in which it operates. However, startups are often ideal places to look for remote work, especially online accounting jobs, simply because most startups transition the traditional office setting for a more flexible working environment.

Startups also need financial professionals to help them better understand where they are and how stable their finance is. For example, if a startup seeks IPOs (Initial Public Offerings), they’ll need help ensuring their financials pass the audit. 

The bottom line

Many companies found out that they don’t need an actual office to continue running and growing their businesses. On the other hand, they still need accountants to manage the financial aspects of their business. So now is the time for job seekers to be aware that online accounting jobs are out there. You just need to find the right fit.

Shoeboxed is the complete receipt tracking and expense management solution for freelancers, virtual accountants, or small business owners who are looking for the most versatile accounting app. Shoeboxed helps users scan paper receipts into digital data, create comprehensive reports, and prepare for tax seasons. 

What’s more, Shoeboxed offers exceptional features that allow users to track mileage for business, store business cards, and there is even a receipt scanning service. All you need to do is send your paper receipts to Shoeboxed’s facilities in our postage-paid Magic Envelope™. We’ll then scan your receipts and turn them into organized and actionable digital data. Our human-data verification function will double-check to ensure that your receipts are human-verified, audit-ready, and accepted by both the Internal Revenue Service and the Canada Revenue Service. 
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