Passive income: NO
It is unlikely that someone could earn passive income from an accounting side hustle without branching into other income streams. Accounting typically requires active involvement, such as managing client relationships, staying updated with tax laws, and performing regular financial reviews. Automation and outsourcing can reduce workload but rarely make it entirely passive. Most people do not reach a passive level, as accounting services often require ongoing attention and updates. Outliers may achieve some level of passivity through extensive automation and a large client base, but this is not common. Misleading expectations often involve underestimating the time commitment and overestimating the potential for automation.
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