Starting a career in accounting is a smart decision. Accounting is a field that will always be high in demand, and it is a field that you can continue to grow and progress within your company. The more you develop your accounting job academically, the more you will develop professionally and financially, which can take you to many exciting places.
There are so many various positions you can pursue in the accounting field. Jobs in accounting can range from entry-level positions to more executive, senior roles. Accounting career information for some of the most popular career paths is listed below. Choose the accounting career that you are most interested in, learn exactly what it entails and what education you need to get there, and the salary you can potentially earn.
Accounting salaries can range considerably based on your position and experience within the accounting department. You can begin with entry-level work, such as a job as an accounting clerk or accounting assistant, and expect to earn a salary from $50-$60,000 annually. Progressing through the accounting department will take time and hard work but as you learn more skills and become more experienced you can anticipate an increase in your salary. Upon moving into an accounting manager role or beyond, you can expect to make $100,000 or greater annually.
Many accounting career paths begin in college. Students can start their career by taking accounting courses, and then continue to study for a bachelor's degree in accounting. These will be your first steps to starting your successful career path.
Career Options in Accounting Profession
Many people choose to break off into a different branch of accounting and with more experience comes more money and more opportunities for career advancement. No matter how far you progress with your career in accounting, your career path will always start with a solid foundation of your certificate in accounting.
You have completed your accounting certification and it’s time to enter the job market. Although, you may be asking yourself, what career paths are available?
There are a huge variety of options available to you if you have a certificate in accounting. The type of job that you enter will depend on your own personal interests and areas of strength. Below are the more popular and most common entry-level job roles for recently certified students.
A position in accounts payable involves entering invoices, reconciliation of supplier statements and other internal documents, processing payments, and ensuring all transactions are correctly documented and accounted for while maintaining the company’s accounts payable ledger.
Accounts Receivable involves creating customer invoices, preparing customer statements, and allocating payments received. It is your role to ensure all transactions are correctly documented and accounted for while maintaining the company's accounts receivable ledger.
A role as an assistant accountant requires you to work under the supervision of an accounting senior. This position will usually involve roles such as assisting with the preparation of financial statements and statutory returns, performing balance sheet reconciliations including bank reconciliations, overseeing accounts payable and receivable, entering journal entries to assist with end-of-month processes such as accruals and prepayments, and maintaining the general ledger. Assistant accountants will also assist in the preparation of tax returns and payroll.
Junior Accountant - Audit/Business Services/Taxation
A Junior Accountant can expect to be involved in preparing the financial statements and taxation returns for a variety of clients. You will start in a role by processing income tax returns for individuals and then advance to organizing financial statements for sole traders, partnerships, and small companies. Occasionally, the role may also require the completion of financial audits.
A Payroll Clerk performs a variety of tasks around employee pay. Usually, it involves entering new employees into the payroll system, removing employees who have left the company, and maintaining the records of those who are currently employed by the company. Additional tasks may include entering changes in payor tax status, maintaining attendance records, ensuring that deductions are managed correctly, and assisting in organizing termination pay. More experienced clerks might calculate and prepare general ledger entries, calculate earnings and deduction totals, and file tax reports.
Accounting has many opportunities for excitement. Take a closer look inside this career and you'll find that accounting can be fun, intriguing, and highly satisfying. Get Trained Get Hired is your opportunity to see if a career in accountancy for you is for you. Reach out to Get Trained Get Hired to book a free 30-Minute career counseling meeting. At Get Trained Get Hired we provide you with the necessary training to learn practical skills to become an accountant. Our training is based on practical real-life cases. After the training, we work on your resume and try to place you in accounting firms through our network. You will also get access to like-minded individuals who are looking for jobs through our WhatsApp group. Please feel free to contact us at [email protected]. Or call us at 647-870-6986.
Disclaimer: The information provided on this page is intended to provide general information. The information does not consider your situation and is not intended to be used without consultation from professionals. Salman Rundhawa and Gettrainedgethired.com will not be held liable for any problems that arise from the usage of the information provided on this page.