Today, there is no dearth of opportunities in the accounting and finance sector for experienced as well as freshers. You just need to join the best accounting firm that helps you to provide job satisfaction as well as a guide with accounting skills to succeed in future.
Generally, the role and responsibilities of an accountant involve preparing ledgers, completing financial statements, fixed assets accounts etc. But apart from this accountant must have traditional accounting knowledge along with hard and soft accounting skills.
Table of Contents
Let’s deeper dive and learn other essential skills that every accountant must possess to succeed in life.
- Up-to-date with Technology
- Business industry knowledge
- Good Communication Skills
- Leadership ability
- Customer service oriented
- Industry special skills
- Learn and Grab a market niche
Up-to-date With Technology
With the increasing trend of technology, companies prefer to hire people with certain software skills knowledge. Even many big industries deny new recruitments hiring due to lack of technical knowledge. As they feel trouble to guide staff and making them comfortable with the trending software. Therefore, being an accountant, if you want to succeed leaning the use of accounting automation will be really worthy. Some of the most famous accounting software are:
• Microsoft Visual Basic
• Knowledge of QuickBooks
• ERP experience (e.g., SAP, Oracle)
• Advanced Excel ability
• Knowledge of business intelligence software
• Expertise in big data analysis
• Aptitude with Hyperion (for financial reporting and analyst purpose)
If you want you to take better advice you can ask the best accountant gold coast or similar accounting service providing firms about which software is better to learn and work. Even some of the firms also providing accounting training to guide.
The role of accounting and finance department is expanding with the growing business needs. Present-days, accounts professionals need to be skilled with decision-maker, negotiator and having strategic thinking skills. In addition, having complete knowledge of the industry is also an important determinant. It guides the business for the next move and assists in making long term business strategies. The knowledge of a skilled accountant put a positive impact on the company. Therefore, companies always choose a candidate that has good industrial knowledge.
Good Communication Skills
Good communication skill helps to present you and your company in front of others. Because the role of the accountant is to collaborate with various other departments, colleagues and clients regarding different types of financial information. Therefore, it’s your responsibility to communicate easy-to-digest information to every recipient.
So, whether you are communicating via emails, phone, face to face meetings, presentations or other modes, each information must circulate in a correct manner. Hence, acquiring communication skill is essential. Of course, these are not taught in the classroom, but your attention on others that how they handle situation matters.
As discussed above, the role of the accountant is not limited to one department or person. He needs to coordinate with other departments and even in a busy season of the audit. Therefore, companies look for an accounting professional with new insights, project management skills, ability to motivate and engage team members.
Hence, it is essential for every newcomer to always open new ideas window in their mind. As industry always welcome people with new ideas.
Customer Service Oriented
Whether you are working in public or private accounting firm, customer services handling skills play a prominent role. For example, if you are working in a public accounting firm, it will be essential to retain current customers and bring new for smooth business working. And if you are working in the corporate sector as an accountant, your job is to bring and manage all departments. Therefore, for an accountant, it is essential to understand and work according to customer needs. Look for what they want and what is the demand of the industry. What are future prospects and guide customers to make strategies? In addition, you should not afraid of dealing with deadlines when there is a need to file returns.
As the accounting world is dynamic in nature. Therefore the accountant who is ready to accept the changing environment is only acceptable and survive in the long run. Because every business concern looks for an accountant that can provide them quick solution, whether on software or advice for business matters. This also helps in their business growth.
Hence, it is better to changes than getting surprising results, especially when your client moves to a competitor. Keep in doing industry research, look for the government’s new policies and how these can benefit your client.
This trait is highly valued in the industry, not even a single industry but globally. The best accountant always found a stick to accounting rules and standards. On the same way, transparency between the account is also essential. It is an accountant’s responsibility to use true and fair means in accounting and nothing could be hidden from the client. This helps you to work in the long term. But be sure and consider short-term and long-term consequences of your decisions for the client as well as business.
A good accountant knows the real worth of time. Therefore, their key consideration is to manage time and workload simultaneously. If you know how to manage time, it is really good otherwise make a schedule and give priority to the most important factors. This will also boost your ability to work with deadlines and complete every report before time. You can also make a good impression on clients, boss, and co-workers to maintain healthy work and personal life.
Understanding these amazing 8 skills help you to succeed in a career. You can take more responsibilities and grow in career. Even you can join a professional accounting firm that provides training, it will help you to learn all skills under one roof.
All the best for your Brillant career in Accounting.