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Freelance Accountant

Overview, Education, Careers Types, Skills, Career Path, Resources

Freelance Accountants manage finances for multiple clients independently. They offer services like bookkeeping, tax preparation, and financial reporting, ensuring accuracy and compliance.

Average Salary

₹3,50,000

Growth

medium

Satisfaction

medium

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Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

    -
    Bookkeeping
    -
    Financial Reporting
    -
    Tax Compliance
    -
    Payroll Management
    -
    Accounting Software Proficiency
    -
    Auditing
    -
    Financial Analysis
    -
    Communication Skills
    -
    Problem-Solving
    -
    Time Management
    -
    Client Management
    -
    Business Development
    -
    Ethical Conduct
    -
    GST Knowledge
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

    -
    Financial Acumen
    -
    Time Management
    -
    Communication Skills
    -
    Problem-Solving
    -
    Organizational Skills
    -
    Attention to Detail
    -
    Self-Motivation
    -
    Adaptability
    -
    Client Relationship Management
    -
    Ethical Conduct
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

    -
    Accounting Software Proficiency
    -
    Bookkeeping Skills
    -
    Financial Reporting
    -
    Tax Preparation and Planning
    -
    Auditing Basics
    -
    Data Analysis and Interpretation
    -
    Communication and Interpersonal Skills
    -
    Time Management and Organization
    -
    Problem-Solving Skills
    -
    Knowledge of GST (Goods and Services Tax)
    -
    Understanding of Indian Accounting Standards (Ind AS)
    -
    Client Management
Duties and Responsiblities

Task

95%

Managing financial transactions and ensuring accuracy in bookkeeping for clients.

92%

Preparing and filing GST returns, ensuring compliance with Indian tax laws.

90%

Conducting regular audits of financial records to identify discrepancies and ensure compliance.

88%

Providing financial advice and guidance to clients on tax planning and investment strategies.

85%

Preparing financial statements, including balance sheets, income statements, and cash flow statements.

82%

Reconciling bank statements and managing accounts payable and receivable for various clients.

80%

Maintaining up-to-date knowledge of accounting standards and tax regulations in India.

78%

Using accounting software like Tally or QuickBooks to manage client finances efficiently.

75%

Assisting clients with budgeting and forecasting to improve their financial planning.

72%

Handling payroll processing and ensuring timely payments to employees for client businesses.

Work Activities

95%

Prepare accurate financial statements, including balance sheets and income statements, ensuring compliance with accounting standards.

92%

Calculate and file GST, TDS, and income tax returns accurately and on time to avoid penalties.

90%

Maintain organized and up-to-date financial records using accounting software like Tally or QuickBooks.

88%

Generate and manage invoices, track payments, and follow up on overdue accounts to ensure timely revenue collection.

85%

Develop budgets and financial forecasts to help clients make informed business decisions and manage their finances effectively.

82%

Manage payroll, calculate employee salaries, deduct taxes, and ensure compliance with labor laws.

80%

Analyze financial data to identify trends, assess performance, and provide insights for business improvement.

78%

Monitor and record business expenses, ensuring accurate categorization and documentation for tax purposes.

75%

Reconcile bank statements with internal records to ensure accuracy and identify any discrepancies.

72%

Prepare and file Goods and Services Tax (GST) returns, ensuring compliance with Indian tax regulations.

70%

File Tax Deducted at Source (TDS) returns, ensuring accurate reporting of tax deductions.

Detailed Work Profile

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