Tips for a Successful Career in Accounting and Finance

If you want to pursue a career in accounting and finance, then you should have the right mindset and skills. After becoming a professional accountant, you can be on the way to lucrative job opportunities. It is a career that is always in high demand since every business even if it’s a small one requires an accountant to handle their books. This career has been in existence since forever and will always remain so. The basic duties of an accountant include financial transactions, retrieving, sorting etc in the forms of various reports and results.

This article covers some basic tips that you may need to pursue a successful career in accounting and finance.  

Organization

Being an organized individual helps everyone in their daily life. For accountants, it becomes a necessity to learn to be organized in every small thing they do. You have to be organized when dealing with your duties whether it be the transactions you handle or the portfolios you manage. To get everything in order and to make sure you don’t make a mess of your duties, there are plenty of tools that can help you like alphabetized folders, day planners, calendars, highlighters, color-coded post-it notes etc.

Time management

If you are a professional individual then you know how important it is to manage your time efficiently. This is also true for accountants. To easily manage the workload and complete your given tasks on time you have to be efficient in time managing skills. To move up in your career, you will have to complete your tasks in a very excellent manner in the time given which will help your reputation as a hard-working individual.

Soft skills

Soft skills are some of the most important things you can acquire as a professional. Some of the basic soft skills that employers look for are a strong work ethic and a positive attitude towards work. If you have good communications skills and problem-solving skills then you are already on the way to be successful. You should also have a healthy outlook on criticism and should be able to learn and grow from it.

Work Under Pressure  

Towards the end of the year or the start of the new year, the accountants and accounting firms geelong have a very busy workload. To prepare year-end reports, tax season etc it requires that the accountants be able to work under extreme pressure for a long duration of time.

Gain Experience

 

Experience is that one thing that always sells. If you are a student of accounting and finance, you should find relevant internships during your holiday breaks to gain the relevant experience. You cannot land the perfect job after completing your studies if you don’t have any prior experience. Your experience will count in your favor later when you want to expand your horizons in the field of financial management.

Choosing The Right Accountant

Choosing an accountant in Hervey Bay to help you with your new startup is one of the most important decisions you would make. That is why it is necessary to be armed with the right kind of questions to help you find a person who is perfect for the job.

A good accountant will not only help you save precious time but even give you the right kind of advice to help your business grow. The wrong one would only cost you loads of money and also make you fall into financial losses. So how do you go about finding the right person for the job?

Just make sure to keep the following things in mind when hiring an accountant

Would they add value to your business?

The first question you need to ask any accountant in Hervey Bay is why you should hire them for the job. They should be able to give you the right kind of financial advice which would help improve your business. They would ensure that your gain is theirs as well. They would treat your business just the way they would treat their own. Their aim should be to help your business grow and go places.

Before you make a final choice make sure you narrow down at least two or three candidates. Have meetings with all of them. This would help you decide if they are on the same wavelength as you. Do their goals pertain to yours?

Get to know their qualifications

It is important that the accountant you hire has the right kind of qualifications. They should also be registered with the proper accounting body. They should have professional indemnity insurance. In case of wrong advice and business losses you would be compensated.

As a startup you should be conscious of any financial gains or losses you would incur. Your accountant is just not responsible for balancing your books but they would also help you pay your taxes at the end of the year. Plus offer you valuable advice and find grants and commissions which would actually work in your favor in the long run.

Get to know if an accountant is willing to work for small businesses

Most business owners don’t have a good idea of what their requirements should be. Not all accountants are willing to work for start-ups. Make sure you choose someone who is a professional in helping small businesses grow financially over time. You can ask around from acquaintances or people in similar businesses whom they have hired to help manage their accounts. They should understand the nuances of small businesses. Not every business works the same way. It is therefore necessary to hire someone who has the right insight to make a small business grow over time.

Also it is necessary to know if your accountant has the same goals as you. Are they willing o put in extra effort? A little bit goes a long way. Finding the right person could actually help you achieve success earlier.