Since most of the accounting work is digitized, it can be done online, working from home, or from anywhere else. After the Covid-19 pandemic, many CPA firms allow their accountants and staff to work remotely.
As this is an important job position, not all companies are in favor of flexible and remote accounting work. However, with the advancement in technology, remote accounting work is on the rise.
Many smart employers are benefiting from cloud-based practices and cutting down office expenses by letting staff work remotely.
Can Accountants Work From Home?
It is increasingly becoming the norm for accountants to work from home. As many companies are embracing work-from-home culture, accountants opine that they feel more productive outside the constraints of a traditional office.
The number of CPA firms allowing accountants to work remotely is likely to increase significantly as the world adapts to the new ways of conducting businesses.
Accountants working from home can stay connected to coworkers via email, video conference, project management software, and other methods. Some accountants have even started home-based accounting and bookkeeping businesses.
This business has solid earning potential and can be operated out of the home. Not to mention, there are plenty of benefits of being your own boss as you are answerable to no one but your clients.
Why Accountants Should Work From Home?
There are so many reasons why accountants should be given permission to work from home. They will be more productive when working from the comfort of their homes instead of constantly being monitored in the office.
As per the scientific study conducted by Stanford University, employees working from home are 13% more productive than the ones working in the office.
Plus, it also helps reduce the expenses for accountants and companies as well. Employees no longer have to pay for transportation, therefore, can save a lot of money and time.
On the contrary, employers can also benefit from this remote accountant work as it cuts down office expenses significantly. In addition, home-based accounting businesses can save on the cost of renting an office.
Strong Virtual Infrastructure to Support Remote Accounting Work
An accountant working for freelance positions needs to have all the essentials to support remote accounting work. Also, it is the responsibility of the employer to assist accountants in establishing a strong virtual infrastructure to get going.
For instance, an accountant would need a laptop/desktop, a working Internet connection, and accounting software. Also, he needs to constantly communicate and collaborate with team members for smooth work flow.
Working in a Shared Home Environment with Your Family
It can be quite distracting to work in a shared home environment with your children, spouse, and loved ones. Furthermore, maintaining a healthy work-life balance can also get quite tricky.
Hence, it is wise to set specific hours for work and the rest of the day can be spent with the family. Having a separate workspace in your office is also vital for working without any unnecessary distractions.