Accounting is a good job gets you a fat pay check followed by a decent job security. There is a good flexibility as the accountant works with several fields and acquires various positions. They are not confined to one industry and this makes the job interesting.
They have a variety of clients from business-sports to food, from cosmetics to dressing and so forth. The job can never be forecasted to go into recession as the companies will always look to maximise their profit and accountants are required for routine work.
The accounting professionals possess a higher freedom to choose between their careers and they have a personal choice whether they want to work for a company or if they want to setup their own offices. There are always wide openings available for an accountant professional.
It’s an accountant`s job to compile record and to approve the financial statement at the year nd of the financial year. He gives routine tax handling and book keeping advice. He can increase the profibility of the company by altering the money making power of the company. He advises the company on saving money as he approves the expenditure.
All the companies, whether small or big, need an accountant to take care of their expenditure and revenues. Smaller companies hire an accountant for ad hoc advice during the financial year and for submitting its financial statement. He might also assist in calculating and paying other additional taxes.
Greater annual tax returns can be earned by the company with the help of a good accountant. He performs book keeping by regularly setting the expenditure and income system. However, an accountant finds himself heavily loaded with work during busy financial seasons. They are also expected to come up with new and improved skills of managing money.
As far as studies are concerned, accounting is a good field of study and it is not very difficult to acquire an accounting degree. It is suggested to go for a public accounting work and into the auditing sector to enhance your chances of building up a career.
Any job is hard, uninteresting and boring if you don’t like it. It completely depends on the individual on how he takes up his job.
How Availing Contractor Accountant Services Ensures Business Growth?
Ever changing company and business laws and legal formalities that guide the companies make it necessary for the directors and owners of the business to avail contractor accountant services.
To survive in this tough competitive business environment one need to have a contractor accountant services that can compile and file the entire accounts of the business, by preparing a correct and exact trial balance, profit and loss account and balance sheet of the company/business.
Owners/ Managers can be good at administration, production and selling department through their business experience without any degree.
But to handle accounts, one has to have deep knowledge and should be aware of the implications of any wrong entry made in the accounts of the company and should be able to correct it. So at this point comes the contractor accountant services for rescue.
Owners should never be of the opinion that the salary they pay for accountant is an unnecessary waste of money.
Because, Contractor Accountant acts as key personnel in today’s business activities saving the company from losses, fines, penalties etc. In fact the owners can save a decent amount of money, because they need not pay the salary amount that they pay to the regular accountant. Definitely they will be paying less for contractor accountant services when compared to the full-time accountant.
Contractor Accountant usually has many clients because they do a freelancing kind of work. They cannot serve only one client because that pay is not enough for them. So they have multiple clients.
So the owners should contact the Contract Accountant and fix up an appointment with him/her to avoid any delay as they may be busy in attending to another client’s work. This will make everything go smooth and they can deliver work with full commitment.
Job Description for Accounting
Accounting is a great career, you can have a great career as an accountant, if you are wondering what an accountant does, then knowing more about the accounting job can be greatly helpful got you to decide and get a clear picture of what exactly is expected from you.
The job of accountant is simple, but required a lot of knowledge and keenness, you will have to work closely with the management team, and in larger companies were there is an accounting department, you may have to work as a part of the department. You can find placement, in a wide variety of industries, almost all the firms hire accountants to keep track of the incomes, expenditures, debits and credits of the business.
You need to continuously, monitor and prepare financial statements, accounts and at the same time assist in various other managerial tasks like budgeting, preparing invoices, managing ledgers, processing and recording the incomes and expenses, file Tax returns.
It will be expected from you to work for full time; you can work for fulltime or part time. When you work for fulltime it is expected to work for fulltime usually 9 to 5 that comes to an average of 37 to 40 hours per week. It is also expected to work overtime to manage the workload and also during the accounting year ending or when audits are going on.
The job of an accountant is a responsible one, you will be offered an attractive salary that ranges between $35,000- $60,000 p.a. you will also be offered remunerations, bonuses etc.
So if you think the job description or accounting is for you then, you need to be skilled and educated in the field. You must possess a degree in financial accounting and possess knowledge of the accounting principles, certification in accounting can really help you in performing better, if you are a newbie then internships can really help you get some practical experience.
Some of the employers also offer training, so that you can get used to the company’s accounting policies. You must also possess good computer skills to be able to handle data entry and prepare reports.
So if you find the career in accountancy most attractive, then the qualities you must possess are good problem-solving skills, with the ability to work in co-ordination with the other accountants/ staff members. You must possess the ability to manage stress and work load and be able to complete work within the set deadlines, you must be honest and trustworthy and possess the ability to maintain confidentiality of the company’s financial details.