Reasons to Pursue a Career in Accounting

If you’re good with numbers and interested in a well-paying, stable career path, it may be time to turn your attention to accounting. In fact, according to the Office of Occupational Statistics and Employment Projections, the employment of accountants is projected to grow by four percent by 2029. 

 

If that’s not reason enough to strongly consider this career, here’s another statistic from the Office of Occupational Statistics and Employment Projections: The median annual wage for accountants, as of May 2019, is $71,550. This is much higher than the median annual wage for all occupations, which sits at $53,490. And although the pay is certainly an influencing factor for most when choosing an accounting career path, it isn’t the only reason why it’s become so popular.

Accounting Career Paths

Unlike some career fields, in which there’s only one path to travel, there’s more than what meets the eye when it comes to accounting. Generally speaking, you’ll choose one of the following routes:

 

  • Managerial: Managerial accountants generate documents that are used internally within a company. This can include documents such as those used for tax purposes and recurring expenses. 
  • Financial: Financial accountants generate documents, such as balance sheets and a variety of income statements, which are used by outside parties, such as investors. 

 

By understanding the similarities and differences between managerial and financial accounting, it’s easier to decide which path you’re most passionate about.

 

With that in mind, let’s examine some of the most common types of accountants:

 

  • Staff Accountant: For many individuals with a bachelor’s degree in accounting, this is the first job they seek. Reporting to a CPA, you’ll take on responsibilities such as creating financial reports and analyzing a variety of data. You’ll also use a variety of tools, such as a cash flow calculator, to track progress and make informed decisions. 
  • Certified Public Accountant (CPA): From the outside looking in, it’s easy to believe that CPAs focus on nothing more than the preparation of state and federal tax returns. However, this career path goes much deeper than that. For example, companies often hire a CPA to oversee other accountants. 
  • Investment Accountant: Investment accountants typically work for financial management or investment management firm. With this career, you have the opportunity to help individuals and companies make better investments, such as sharing advice on how specific decisions will affect their taxes. 
  • Project Accountant: As the name implies, project accountants are hired to manage a specific project. Some of the tasks they may take on include preparing invoices, maintaining budgets, and managing and approving expenses. In many cases, project accountants are hired on a contract basis. 
  • Cost Accountant: The primary responsibility of a cost accountant is to maintain cost efficiency on behalf of an organization. However, unlike a project accountant, these individuals are generally hired on a full-time basis. 
  • Management Accountant: There’s no shortage of management accountant responsibilities, which often include external financial reporting, budgeting, and creating reports on the overall financial health of an organization. 

While these are among the most common accounting career paths, there are others to consider as you gain experience and come to better understand what you’re most passionate about. However, no matter the type of accounting path you may choose, there are plenty of benefits as well.

Top Reasons to Become an Accountant

There’s no shortage of reasons to become an accountant, but there’s something you must remember: It takes a lot of hard work and dedication to reach your goal, so you must be 100 percent confident that it’s the right career path for you.

 

Here are five reasons to consider this career:

 

  • Above-average pay: As noted above, the median annual wage for accountants is more than $71,000/year. 
  • Job security: Every organization needs accountants, so job security is typically high. 
  • Career advancement opportunities: As you gain experience and knowledge, you can seek out career advancement opportunities within your company and at other employers. For example, after several years of working as a staff accountant, you may want to consider becoming a CPA.
  • The opportunity to be your own boss: There may come a point when you realize that you no longer want to work for someone else. As an accountant, you can start your firm, such as helping individuals and/or companies with tax preparation.
  • Puzzle-solving fun: Accounting isn’t everyone’s idea of fun, but if you like working with numbers it could be the perfect career path.

What’s Next?

Now that you better understand the reasons to pursue a career in accounting, it’s time to answer one very important question: Are you ready to head down this path?

 

If the answer is yes, assess your situation and decide what you need to do next. Become a trained and certified Professional Bookkeeper. Once you have the right education and training, it’s time to land your first job. With the help of our job placement assistance program, it won’t be long before you have a career that puts a smile on your face, money in your pocket, and joy in your heart.

How to Write a Great Accounting Resume

How to Write a Great Accounting Resume

Crafting a resume, no matter what you field of expertise, can be a challenging task. Yet in a market as competitive as accounting, the need to create something unique and impactful is that much greater. Fortunately, these tips can help in the process.

Start with a clear career summary

An effective resume begins with a bite size summary of your career to date, as well as focuses on your main achievements and relevant educational qualifications. As part of this, you must emphasize your strengths (more of which in a moment) and state clearly what it is that you are looking for as well as the benefits you will bring. Make it short and to the point, because most hiring managers receive hundreds of resumes and don’t have the time to review each one in details. This is one shot to get your resume (and you) the attention deserving.

Emphasize your strengths

Recognizing your individual strengths and promoting this is a fundamental aspect of any resume, but in a competitive field such as accounting, it is essential that your resume immediately presents and highlights your achievements and career-defining abilities. At the same time, turn weaknesses into strengths by presenting your aptitude for learning and the deep desire to improve yourself on every step of your career journey.

Be clear and concise

Don’t overcrowd your resume (one page is usually sufficient) and don’t waffle. Make your points cleanly, clearly and concisely, and ensure the language you use is both relevant, accurate, and free from cliché.

“Much can be ascertained from the language that you use, and I always recommend writing in a unique voice as far as possible. That means avoiding those resume clichés such as ‘I love working as part of a team’ and stating things in a way that is authentic, but at the same time brief,” advises Michael Rogers, a proofreader at OXEssays.

Keep work experience relevant, and highlight achievements

You may have a lot of work experience, or you may not. The objective is to clearly state and emphasize the work experience that is relevant and shows your suitability for the role you are applying for. Savvy resume writers have long learned that relevancy can be established in any number of ways, and one way this can be achieved is through the presentation of achievements within each role which highlight your capacity for positive results in whatever role you have undertaken. That never fails to impress a prospective employer.

Show your commitment to innovation

As a qualified account, you have the education and background to successfully fill a role, but at the same time you always need to look for aspects which set you apart from the competition.

As well as emphasizing your education and work experience, stress the knowledge that you have regarding latest software. Showing off a knowledge of modern technology will be sure to impress future employers as it shows an interest in innovation which is a crucial aspect of the field.

Use the right tools

Like any writing task, using the right tools will go a long way to assisting in the production of a great resume. Don’t fret about a lack of writing ability, as these services will help you in the completion of your task at hand.

Show your commitment to staying up-to-date

The world of accounting is constantly evolving and it is therefore the duty of any accounting professional to stay up-to-date with a commitment to educating yourself. Mentioning relevant blog and websites that you frequent to access the latest information shows a desire to stay relevant, which never fails to impress a potential employer.

Aimee Laurence works as an HR manager at Write My Essays and also at Do My Paper For Me, contributing to and helping the upkeep of those websites. Writing about her career gives her joy, and she also freelances as a tutor at the Big Assignments portal.

Set Your Sights on a Successful Accounting Career

Embarking on a new career is always emotional.  Obviously, you’re excited, and at the same time, it’s daunting knowing you need put yourself in a position for long-term success.  Here’s how to set yourself up for a satisfying and prosperous career in accounting.

Embrace professionalism

A career in accounting hinges on more than your ability to accurately crunch numbers.  As someone others will entrust with their finances, how you present yourself is of paramount importance.  Honesty and trustworthiness will weigh heavily on your success.  With that in mind, embrace a mindset of being a professional on all fronts.  Think in terms of reputation management, and keep your image pristine both in your personal interactions and on the web.  Polish your social media accounts and be conscientious of how others might perceive what you post and how you respond to people.

Choose your style

Many people believe accountants are quiet, behind-the-scenes workers.  However, Career Trend points out people of various personality types can be successful as accountants.  In fact, they cite studies noting accounting professionals are often extroverts.  Bear in mind it’s important to be able to discuss details, concerns, and future goals relating to the accounts you’re addressing.  It’s crucial to develop solid communication methods for working with peers and clients.  Be sensitive to your clients and their needs, and maintain a human connection.  Some experts point out there are a number of different job types, so as you climb the ladder, look for opportunities that help you blossom, whether sitting behind a computer most of the time, or in a meeting room.  Whatever suits you best can be your niche.

Learning and growing

When it comes to advancing your career, there is no substitute for on-the-job experience.  It’s a chance to develop an impressive resume as you advance through various stages.  It shows you’re able to manage real-world deadlines, workplace dynamics, and can handle the hurdles that come along with the job.  There are times when it’s necessary to make your own opportunities.  If you’re struggling to find the right window for broadening your skills, or you can’t seem to find an open a door, one way forge a path is through volunteering.  As The Muse explains, it looks great on your resume, you can expand your network, and there are plenty of charities looking for volunteers to help with their ongoing bookkeeping duties.

Keep in touch

Throughout your career, it’s important to develop some networking strategies to help you stay abreast of industry trends, stay in touch with those who can help further your career, and connect with other professionals for ideas and support.  Also, when someone is directly or indirectly instrumental in helping you, whether a customer, mentor, or peer, be sure to acknowledge that assistance.  It’s a chance to reinforce the relationship, and everyone loves to be appreciated.  Also, consider making it part of your professional development routine to attend career-oriented events.  You can make new contacts, learn about changes in the field, and promote whatever you’re working on.

Put technology at the forefront

Portrait Of Mature Businessman Calculating Finance At Ofiice

We live in an electronic age, and the field of accounting is directly affected by technological trends.  As an example, embracing the cloud has a direct impact on accounting efficiency, as does automation.  Being able to send and pay invoices from anywhere, and doing so automatically, can be a game-changer for many businesses.  There are also numerous tech tools that are shaping the world of accounting.  Adaptive security can keep data safe and even anticipate risks.  Firms are using videos for outreach to clients, conversational platforms to ensure customer satisfaction, and digital recruiters to engage top candidates, just to name a few current trends.  Remain aware so your skills and knowledge are relevant.

Pursuing a career in accounting is exciting and full of unique opportunities.  As you face the challenges of advancing your journey, pay attention to trends, tend your connections carefully, and ensure others can see you as someone worthy of handling their finances.  You can ensure a successful and prosperous career when you base it on integrity, perseverance, and positive networking.

By Julie Morris

Julie Morris is a life and career coach. She thrives on helping others live their best lives. It’s easy for her to relate to clients who feel run over by life because she’s been there. After years in a successful (but unfulfilling) career in finance, Julie busted out of the corner office that had become her prison. Today, she is fulfilled by helping busy professionals like her past self get the clarity they need in order to live inspired lives that fill more than just their bank accounts. When Julie isn’t working with clients, she enjoys writing and is currently working on her first book. She also loves spending time outdoors and getting lost in a good book.

Making a Career Comeback

5 Tips on Wowing Prospective Employers

Whether you’ve been raising a family, earning a degree, or were the victim of  layoffs, planning a career comeback can be daunting.  You may worry that your time away has hindered your chances for finding solid employment.  It doesn’t have to!

As you prepare to get your career on track, consider these 5 tips on wowing prospective employers.

1. Determine what you want. Don’t plow forward until you have decided the direction you want your career to go.  When you haphazardly push your career forward, you wind up with a haphazard career.  While the responsibility of earning a living may loom large, it doesn’t have to prevent you from getting on a desirable career path.  Sit back and determine where you’d most like to be in your career before you start the job hunt.

2. Develop new skills. Some people are concerned that this step will take too much time from their efforts in finding a new job.  While you may have to find a transitional job to pay the bills while you receive necessary training, you don’t have to spend years earning professional certification.  In some cases, one or two college classes will be enough to revamp your skills, while in other cases a reputable bookkeeping program may be what you need.

3. Revamp your resume. Once you know where you are going and are confident that you possess the skills necessary, it’s time to revamp your resume.  Highlight your strengths while considering the employers who will review it.  What are they most interested in, and have you made it easy for them to find it on your resume?

4. Build your network. The best way to find work opportunities is through networking.  If you’ve been out of the loop for awhile, chances are you will need to rebuild your network.  Consider family, friends, businesses you frequent, and other contacts who could expose you to potential jobs.  Spread the word, and you’ll soon discover just how valuable a professional network can be.

5. Be flexible. Sometimes we become too narrow-minded when looking for a job.  Is it absolutely necessary for you to find full-time employment?  Would your career benefit more from a part-time position?  Or, perhaps, you could consider freelance work for awhile?  Approaching your career with an open mind may enable you to discover possibilities you wouldn’t have seen otherwise.

Consider Self-Employment

As you ponder your options for reentering the job market, you may also want to consider the possibility of self-employment.  Is it time to launch your own business in order to enjoy greater flexibility and higher earnings?

The Universal Practice Builder program is designed to train you how to promote your practice in order to experience significant growth and profitability.

This program offers the following:

  • $30,000 in new annualized billings in only 12 months
  • Tactical goal planning and setting
  • The generation of 15 to 25 qualified leads per month
  • Phone marketing instruction and training
  • Training in the benefits of newsletters and websites
  • 12 proven marketing strategies
  • Financing options

Build a stellar practice by enrolling in this program today!  It’s time to take charge of your professional future.  Call 1-877-833-7909 today!

Moonlighting

moonlightingA Viable and Risk-Free Way to Launch Your Startup

A risk-free way to launch your own practice is by easing into it, moonlighting in your spare time.  This way you can continue to earn a stable income with your day job until you build a clientele that will sustain a full-time venture.

But before you get started, there are four rules you should follow:

1. Work on your business every day.  Once you decide to start your own business, it’s important that you schedule a set number of hours you will dedicate to your new business every day.  Whether it be 2, 3 or 4 hours, block them out on your calendar to ensure it gets done.  And remember that you should use some of those hours to build a solid foundation for your business, composing business and marketing plans that will increase your chances for success.

2. Don’t neglect your day job.  While you may be certain that your moonlighting efforts will soon enable you to quit your traditional job, remember that there’s a reason you’re launching your practice in your spare time; you need the money from your full-time job to support you until your practice is sustainable.  Until you submit your two-weeks’ notice, you should continue to be present and responsible at your current position.

3. Secure your family’s support.  It’s nearly impossible to run a successful business from home without your family’s support.  Not to mention, you will dedicate a considerable amount of your ‘down time’ to this new venture.  Be sure to discuss all the pros and cons together before making any decisions, because in a crunch you just might need to enlist their help in order to succeed.

4. Start saving money.  The uncertainty of self-employment can be paralyzing.  In order to steel yourself for that time, it’s a good idea to save money earmarked for those first few months when you’ll be testing your entrepreneurial spirit.  Making decisions out of desperation is not good for any business; padding your savings account will enable you to make sound decisions that are not based on fear.

Moonlighting is a great way to ease into a new practice.  By following these four simple rules, you will be prepared for a low-risk, high-return launch of your business.

The Universal Practice Builder (UPB) Program

Another way to ensure the success of your new practice is to effectively secure quality clients using proven marketing techniques.  The Universal Practice Builder Program was designed to train you how to market your practice to the right demographic in the right way.

This program offers the following:

  • A guarantee of $30,000 in new annualized billings in only 12 months
  • Tactical goal planning and setting
  • The generation of 15 to 25 qualified leads per month
  • Phone marketing instruction and training
  • Training in the benefits of newsletters and websites
  • 12 proven marketing strategies
  • Our iron-glad guarantee

Take the steps necessary to launch your own practice and be your own boss.  Allow Universal to help with the Universal Practice Builder Program.  Enroll today by calling 1-877-833-7909!

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