Accounting is the cornerstone of every business entity and that is why an accountant always remains on demand in every industry. It is also considered as one of the respected professions in the world. If you are about to start your professional life or exploring various career pathways open to you as a young professional, then you must consider the field of accounting. Choosing accountancy as a career has many benefits that include good salaries and of course respect. Read on to discover the other benefits that the accounting industry offers.
The responsibilities of an accountant include
- Checking financial statement to ensure accuracy
- Preparing tax returns, calculating taxes owed and ensuring payment
- Ensuring that the statements and records fulfill legal requirements and regulations
- Recommending best practices to the management team
- Give valuable suggestions on ways to decrease costs and increase revenue to boost profit
- Skillfully maintaining and organizing financial records
- Checking accounting books and accounting system to stay updated and informed about the new changes
- Offer auditing services to individuals and businesses
- Accounting clerk
- Accounting assistant
- Accounting manager
- Forensic accounting
- Staff accountant
- Certified internal auditor
- Tax accountant
- Payroll clerk
Benefits of choosing accountancy as a career
1. Accountants are always on high demand
Accounting is one of the stable career options available in the market today. This is because no business can work without an accountant Mississauga. The concept of automation can definitely reduce the calculation related works for them, but their valuable advice and strategic planning are the things that no machine can replace.
2. Accountants are needed in every industry
As mentioned above professional accounting services are the need of every industry which makes it clear that an accountant gets the opportunity to work in every industry starting from fashion and entertainment to construction and nonprofit agencies. Once you become a trained accountant and gain the necessary skills, you can apply in any industry.
3. You do not need to be an expert in mathematics
Many people think that accountancy is all about mathematical calculations for which they need to have a good grip on the subject. However, the truth is a bit different. Well, mathematics is needed but this just one of the skills that are needed for the job. Today software does most of the calculation jobs allowing accountants to focus more on guiding clients with valuable advances.
4. It is a seasonal business
it would not be wrong to say that the job of an accountant is seasonal. The months including January, February and March represent the end of the financial year which is the busiest time period for accountants. The rest of the nine months of the year are considered as comparatively easier for these professionals.
5. Flexible job options
If you look at the job openings for accountants, you will see that various possibilities are there in the field of accounting like full time, part time, temporary and temp to hire arrangements. Taking on the temporary employment option gives you the scope to evaluate a variety of jobs and companies while developing your financial skills. So, the arrangements offer you flexibility and the time required to find the best choice for you.
6. Income levels
accounting salaries highly depend on the position you hold in the accounting department. It definitely takes time and skill to reach a higher position in the accounting department and as you earn the skill and give time to it, your salary gets increased.
Knowing the benefits of choosing accountancy as a career will help you make the right decision for your career.