Nowadays, accountancy has not been the most popular career choice or a dream job for younger people if you’d ask them. This is not rightfully so.
We get it, recording and reporting each and every financial transaction and financial data for a company or an organization doesn’t sound like a job out of James Bond movies. However, it’s a needed and interesting job if you know your way with the numbers and have an eye for details.
Why Choose Accounting at All?!
As we said, accounting is much needed in every organization or company around the globe, and accountant education can open you doors for many different positions like: Accounts Payable, Accounts Receivable, Account Assistant, Billing Assistant, Management Accountant, Assistant Financial Accountant, Financial Accountant, Finance Analyst, Financial Controller or even a Finance Director.
If this sounds like something you would like to do, we have prepared different tips to help you start off your accounting career.
3 Tips for Accountants at the Beginning of Their Career.
1 Understanding the Basics – Assets = Liabilities + Equity
First of all, let’s cover the basics. Accounting is all about the balance. Assets, or everything a business owns is balanced against claims against that business – liabilities and equity. Difference between liabilities and equity is depending on who has claims. Claims of vendors and lenders go under liabilities, while equity represents claims the owners of the business have against the remaining assets.
As you learn more and become more experienced, your job will be less and less about “only” documenting different financial transactions, and more about analysing them and being able to advise business owners or management.
2 How to Become an Accountant?
There are many ways to become an accountant – it’s not only about school or university, but there is also a lot in learning on the job (for instance if you start as a trainee in a local business or accountancy firm).
There are different courses that you can take online as well, and if you could find someone more experienced to be a mentor for you in the beginning, that would make a huge difference and speed up your learning.
3 How to Cooperate with Clients and Colleagues
Depending on the road you take, you’ll probably end up either like an independent accountant who works for different clients, for example small and medium size businesses, or like an accountant within an accountancy firm. In both cases, you need to be able to cooperate and collaborate good with your customers and colleagues.
It is important to be precise, trustworthy, responsible, honest and transparent. Any long-lasting relationship has to be built on trust. And in accounting business, it’s all about trust and reputation.
To collaborate better and work more effectively, it is important to use modern tools like CollaboraZon, which helps you share files, comment, create events and much more. This will both save you time, and impress your clients, as it is always great to be in touch with the newest technology for collaborating remotely. Try CollaboraZon for free, and see for yourself!