Most people think of numbers and spreadsheets when it comes to accounting.
However, did you know that’s not the only type of accounting that exists?
Let me tell you about social accounting and how it affects you and your clients.
“Social Accounting” Defined
Social accounting is a very different accounting concept overall.
Also known as social accountability, it refers to the information regarding a company’s production, consumption, and expenditure, and how it affects the social environment.
In simpler terms, it’s how a company’s actions affect a community.
Types of Social Accounting
Social accounting can be further divided into the following types:
- Environmental Accounting – As the name suggests, this type of accounting refers to how a company’s activities impact the environment (soil, climate, water, air, and other natural resources).
- Sustainability Accounting – This is also known as “corporate social responsibility.” While sustainability accounting also factors in environmental effects, the company should aim to create a positive impact on society through its rules and regulations.
- National Accounting – This type relates to a nation’s economic-building activities. On a smaller scale, companies can apply accounting techniques to analyze their expenditures in relation to specific functions.
So, how does any of this relate to any online accounting or online bookkeeping jobs?
Benefits of Social Accounting
Most of the time, social accountability is largely effective for non-profit organizations (NGOs) because it allows communities to see the outcome of their contributions—straight from the source.
Still, social accounting can be applicable to any business.
As a remote worker, you can practice its principles by always thinking about ethical and sustainable ways to conduct business.
Think of methods to market your client and their business in a positive way.
How does your company give back or contribute to their local community?
Do they use environment-friendly materials in their products? Or maybe your client donates to an NGO for every sale?
Whatever it is, informing customers about the impact of their purchase positively influences your company’s image.
Customers are also more inclined to buy from a socially conscious brand nowadays, which is good for any company’s bottom line.
Incorporate Social Accountability
Yes, social accounting doesn’t directly affect a company’s finances.
However, it’s about time businesses take responsibility for their actions towards society and the environment, especially since we all are moving towards globalization.
Further, as a remote worker, you also want to evaluate what makes you want to work for a company based on their social accountability.
While companies aim to earn profits (of course), they should also think of their impact on society as a whole.
On that note, if you’re ready to work online to reduce carbon emissions, head to Remote Staff’s job listings. It’s regularly updated and has roles in multiple industries. (We’re looking for accountants and bookkeepers, btw!)
Remote Staff has also been in the industry for 16 years (and counting)! The company offers after-hire support so you’re never alone in your remote working journey.
Interested? Register with us today!
