Accounting is a lucrative career path in Gloucestershire that is challenging and rewarding. Gloucestershire accountants can enjoy competitive benefits, excellent salary, and rock-solid job stability. Even when the economy is bad, individuals in the accounting field can find jobs that pay well for their skills.
What Is Accounting?
Companies and organizations engage in many financial transactions that must be monitored and documented to ensure that business runs smoothly. Accounting is the process of recording all of these financial transactions. Gloucestershire accountants are tasked with keeping track of sales, purchases, receipts, payments, and more.
Why Is Accounting Essential to Companies?
Finding the right person to handle the accountant job responsibilities is one of the keys to the success of any business. Accountants provide management the crucial information they need to assess the company’s financial state.
Gloucestershire accountants help ensure that the company stays on budget and makes sound decisions based on profit, loss, assets, and other financial factors. Their importance to companies is the reason why skilled accountants are in demand and well paid.
Advantages of Having a Career in Accounting
Having an accountant job has many perks. Because of how valuable skilled accountants are, they enjoy many advantages that you won’t be able to find in other professions.
There is a High Demand for Gloucestershire Accountants
Getting a degree is a difficult, time-consuming, and expensive endeavor. For many new graduates, they are unable to find well-paying jobs that render a return of investment after their years of hard work.
However, this is not the case with accounting jobs in Gloucestershire. The demand for accountants has been consistently high. Every business needs at least one accountant to keep track of their finances. Large companies require teams of accountants to accurately record financial transactions.
If you study accounting and apply for accountancy jobs, you will have a better chance of finding work. Because of the consistently high demand for accountants, you can have peace of mind knowing that you have job security and career longevity.
The Pay Range for Gloucestershire Accountants Is Competitive
Because of the highly specialized skills that accountants provide their employers, they can negotiate higher salaries. At other jobs, the starting salaries are disappointingly low. However, Gloucestershire accountants can start their careers at enticing salary levels.
The average annual salary of an accountant is around £62,000. Senior level accountants can earn upwards of £110,000. With those numbers, you’ll be able to live comfortably and provide for your family.
There Are Many Opportunities to Advance Your Career in Accounting
One of the fears of many people is being stuck in a dead-end job that offers no chance of advancing their career and getting a higher paid position. If you have an accountant job, you don’t have to worry about the lack of career opportunities.
It’s possible for entry-level Gloucestershire accountants to increase their salary potential within one year. With the right networking connections and continued education, they can pursue specialized positions, such as budget analyst, tax accountant, payroll clerk, and more.
The day-to-day tasks of an accountant also allow you to develop skills that provide a good foundation for higher positions. Gloucestershire accountants can hone the ability to analyze, strategize, explain, and provide solutions to financial situations, which are applicable skills in higher positions.
You Have the Potential to Establish Your Own Business
After years of working as an accountant, Gloucestershire accountants not only hone their skills in recording and analyzing financial transactions, but they also get the opportunity to network with key players in the industry. They have the ability to use these business connections to start their own firms.
You can start with an entry-level accountant job and work your way up until you have the skills, resources, and connections you need to establish your own business. The dream of becoming your own boss can come true if you pursue a career in accounting.
At your own firm, you can choose to focus on tax accounting, consulting, or other accountant job specializations. You have the freedom to decide the path you will take with your career.
Gloucestershire Accountants Typically Have Steady Schedules
Many accountants work for individual companies or financial firms. This means their work hours tend to be steady. You’re not expected to be on-call 24/7, and you don’t need to work at odd hours.
Work hours for Gloucestershire accountants are often from 8:00 AM to 5:00 PM. This is great for individuals who have children they need to pick up from school or people who have other responsibilities they need to attend to later in the day.
Common Misconceptions About Accountants
When people hear the word “accountant” they may have an image in their heads that is based on stereotypes and misconceptions. These incorrect ideas about accountants might discourage people who are interested in accounting jobs from pursuing a career in this field.
Below are a few myths about accountants that you might believe. Let us debunk these myths, so you can have a glimpse of what accountancy jobs are really like.
Accountants Are Boring
For many people, crunching numbers is about as fun as watching paint dry. You might think that someone who does that for a living must be equally dull. However, you might just be surprised by how interesting, sociable, and vibrant people with accounting jobs can be.
Gloucestershire accountants are expected to communicate data effectively with coworkers, which means they must be approachable and have good social skills. To be successful in the accounting field, they must interact with different kinds of people and form long-term relationships.
You Need to Be a Math Whiz to Be an Accountant
It’s true that numbers are a large part of the work of Gloucestershire accountants. However, accounting jobs are more focused on organizing and analyzing their employer’s finances rather than complex calculations. Through critical thinking and business acumen, accountants are able to come up with practical financial strategies and solutions.
You’ll mostly only need basic arithmetic skills. If you’re interested in accounting jobs, you should be comfortable dealing with whole numbers, fractions, decimals, percentages, ratios, and other general algebra concepts. But you don’t need to be a master at functions, derivatives, integrals, and other branches of calculus.
These days, Gloucestershire accountants can use a calculator or formulas in Excel to crunch the numbers. Unlike other professions that deal with numbers, such as engineering, you don’t need to have exceptional math skills in order to be a successful accountant.
All Accountants Can Do Your Taxes
Many people assume that every accountant is extremely knowledgeable about taxes. Indeed, there are many Gloucestershire accountants who specialize in tax. However, there are many other kinds of accountants whose jobs are not related to taxes. Some specialize in internal auditing, forensic accounting, and many others.
Gloucestershire accountants have a general understanding of tax. However, they may not be up-to-date with the latest tax rules or know about complex tax issues. You shouldn’t expect all accountants to be able to answer your tax-related questions since they may not be trained in that specific field.
Only Big Companies Need Accountants
All businesses, regardless of size, need the help of an accountant to stay financially organized and legally compliant. Hiring a certified accountant is very beneficial for small businesses because an accountant can develop short-term and long-term strategies to help the company grow. With the guidance of an accountant, unstable start-up businesses can gain the footing they need to thrive.
Seize the Opportunity to Work in the Accounting Industry
Pursue a career in accounting with help from CY Resourcing. We provide recruitment services for finance and related professions, such as accounting jobs in Gloucestershire. Let us help you find the right job that aligns with your talents and career goals. To learn more about job vacancies for accounting and bookkeeping, don’t hesitate to contact us.