Plenty of Job Opportunities
It’s a myth that all the recent technological advancements have made accounting jobs obsolete. Nothing could be further from the truth. The truth is that the role of an accountant is becoming much more analytical and is not as data-focused as it used to be. Technological advancements have led to the creation of a huge variety of much more exciting jobs in this industry.
It’s a given that accounting will always be there. With the growth in automation and artificial intelligence, accountants will still be needed by businesses for the interpretation of always changing regulations and extremely complex tax laws. In addition, accountants are also great at managing and interpreting financial information to allow organisations to make well-informed business decisions. If you live in York and are looking for a “bookkeeper in York” then see here.
Work is Exciting and Rewarding
Many people view accounting as a boring job where one keeps posting numbers onto a spreadsheet and has to use a calculator on the job. The truth is that accountants perform a variety of exciting work to help their organisations. As an accountant, you will be using financial data for interpreting and analysing the numbers and help businesses make decisions regarding:
- Whether to move into new markets
- Ending existing business ventures
- Starting new business ventures
- Launching new products
- Avoiding potentially unprofitable business moves
- Discovering creative ways for reducing unnecessary costs and waste
Working as an accountant, you will help them grow and shape the business. Your organisation will need your expertise for making informed decisions on building business and for supporting expected future growth.
Huge Choice in Roles and Industries
As a career, accounting is pretty flexible. All kinds of organisations need an accountant. While many large businesses choose to have in-house teams of accountants but other organisations also need the services of accounting firms for handling their finances.
As an accountant, you will have plenty of opportunities to work for your dream company. It is possible that you might work as an accountant for a company you love. For example, if you are interested in a particular sport, maybe you’ll get a chance to work for a sports team, as an accountant, for keeping their finances in order behind the scenes.
When you work for an accounting firm, you have the flexibility of working for a number of clients or you can focus on a particular industry or particular sector. Accounting firms often choose certain specialities and serve only a particular type of clients such as government agencies or local schools.
In accounting, there is a lot of flexibility when it comes to the choice of rules. These days, lateral career moves are gaining popularity and this is why you should focus on learning a variety of skills as you move towards getting your dream job. Some of the most common types of roles in accounting include forensic accounting, tax accounting, internal auditing, financial reporting and cost accounting.
Accountants are Well-Paid
As far as the average salary of an accountant is concerned, it was £62,042 in 2018 in the UK. Accountants are known to be paid well. Most accounting roles require you to have advanced certifications and degrees. Organisations know that professionals with these qualifications require higher salaries and they are ready to pay them.
In order to increase your earnings, it is best to learn additional skills through training and certification. Learning additional skills will not only help you become better at your current job but it will also allow you to become qualified for more advanced roles.
Good Growth Opportunities
The accounting industry provides a lot of opportunities to grow within. As mentioned above, lateral moves are gaining popularity but you also have the opportunity for the role as an executive.
Once you have gained a few years of experience in various roles, you can start looking towards management opportunities. Many corporate executives including CEOs and CFOs can benefit from some accounting knowledge.
You’ll also have the opportunity to work closely with people in other businesses as an accountant. It will help you cultivate a diverse network and may help you get your dream job. Accounting skills are always in demand and are great to have. These skills will come in handy in case you want to switch your career path at a later date.