Accountants who contract – what day rate should I be targeting and which recruiters do you use?
Hi all,
I'm an accountant in London and potentially moving from permanent employment into contracting. I've recently been put forward for my first contract at £275/day umbrella, initially running until the end of December.
I'm ACCA part-qualified and have around 4–5 years of finance experience, with recent roles at Management Accountant / General Accountant level.
My experience includes:
- Monthly management accounts and month-end close
- Balance sheet reconciliations, accruals and prepayments
- Budgeting and forecasting
- Cash-flow forecasting
- Variance analysis
- Revenue recognition / accrued and deferred revenue
- Business partnering with non-finance teams
- Multi-entity accounting, including some US entity experience
- ERP/system migration experience, including Business Central
My most recent permanent salary was £55k.
If I enjoy contracting, I'd like to continue doing it rather than immediately going back into a permanent role.
For other accountants/finance professionals who contract:
1. What day rate would you consider reasonable for someone at my level?
Would something around £300–£350/day umbrella for Management Accountant contracts be realistic after completing my first assignment, or should I be looking higher/lower?
2. Are there particular accounting/finance specialisms that tend to command better contract rates?
For example FP&A, Finance Business Partnering, systems/ERP work, financial accounting etc.
3. Which recruiters/agencies would you recommend for interim accounting contracts in London?
I'd like to build relationships with a few recruiters who regularly place Management Accountants/interim finance professionals.
Any advice from accountants who've made a career out of contracting would be appreciated, particularly around progressing your day rate over time.
Thanks in advance!