There’s a lot more to business than the actual buying and selling to make a profit. Other people who make a business successful are accountants and bookkeepers.
Accountants look at your business from the big picture. They inform you of its financial standing and give you appropriate strategic financial advice.
Bookkeeping jobs consist of day to day business like keeping all employee payroll information up to date, keeping track of invoices as well as paying bills. This is the person who knows where the money is being spent.
With this in mind, one can then understand the importance of having them as part of your team. Majority of their work is closely tied with a lot of numerical calculations and a heightened level of accuracy. If this sounds like something you can do exceptionally well, you might as well be on your way to a high end career in the finance industry.
Here are some reasons why you may need to consider a job in accountancy:-
1. There is a high demand for accountants and bookkeepers
All businesses need their services. That’s a fact and it will always remain as such. What this means is that there will always be work for you. If you do a good job, meet deadlines and give exceptional advice and service you will always have someone seeking you out for your services.
In the world of business today, a good reputation is everything. So of you sell yourself well, word will surely go around and you will keep receiving more and more job requests.
2. You can be your own boss
Working as an accountant or bookkeeper does not restrain you to work from an office. You can actually work from the comfort of your home. All what you need is the financial information you need to do the calculations. This is very appealing to people who desire flexibility, who want to be in total control of how many hours they work and don’t want to compromise family time just because they are at work.
Seasoned accountants and bookkeepers can take it up one notch and open up their own office where they can hire junior staff to maximize on profits and still work as their own boss.
3. Accountancy offers numerous opportunities to move up the corporate ladder
This career path has very many chances to move on up the corporate ladder. This makes it particularly appealing for people who are naturally ambitious and aggressive.
As an accountant who is starting out you can continue taking classes which when complete will allow you to get registered with professional accounting bodies. Some of these bodies include The Association of Chartered Certified Accountants (ACCA), The Institute Of Chartered Accountants in England and Wales (ICAEW) and The Chartered Institute Of Management Accountants (CIMA).
Once you are registered with any single one of these bodies, where you go from there is your choice really.
Did you know for example that of the 500 top performing companies in UK, 25% of those have a certified chartered accountant as part of their board as MD or chairman? Now you know.
4. It pays!
As a self-employed accountant you can earn up to £10-£15 every hour that equals approximately £20,000 to £25,000 every year.
If you choose to take it to the next level and work as a certified accountant the amount goes even hire.
5. You don’t need a degree to become one
If you have a natural aptitude for numbers then you have a high chance of qualifying to work as an accountant or bookkeeper. All you need to do is pass ICB or AAT tests.
If you want a secure source of income (who doesn’t) while still have some time to do your own thing on the side then accounting and bookkeeping is definitely the career for you.