How to Plan for a Career in the Accounting Business

Stepping into the ever-sought-after accounting business will certainly keep you busy. There is a huge demand for accountants to either serve within companies in different business sectors or a dedicated firm of accountants. 

Of course, you could even strive to set up on your own, either to be by yourself or to have a flourishing accountancy company with a multitude of accountants working for you.

#1 Gaining the right education

You must gain the right education for your accounting career. This is because it takes a long time to even attain an entry-level bachelor’s degree, and then a job. Of course, if you want to be a chartered accountant, this can take even longer. However, it is not all about the course, different learning establishments also matter. 

Gaining access to the best college or university is, indeed, desirable, so much so that there are resources such as Campus Reel’s guide on how to get into University of Florida available to be read online. There will likely be lots of other students vying for the few available places, so studying hard and gaining the right qualifications at the highest levels is certainly going to be advantageous.  

#2 Knowing you can work while you learn

Of course, when you have completed your Batchelor’s degree in accounting, you will be able to seek employment with an accounting employer that is approved by a governing body. In some circumstances, a minimum of three years experience (or up to five) before being eligible to sit the CA (chartered accountant) exam. 

This will provide you with valuable insight and knowledge of how to run an accounting company and what to expect on a day-to-day basis. 

#3 Starting your own Accountancy business

Although you will not necessarily require your own premises when starting an accountancy business, having one may be beneficial. Even if it is just renting a small one-person office or a permanent ‘hot desk’. This is because it will make your business look and sound more professional and legitimate. Take the right coaching if the new business is a career transition from a 9-5. This will help you get the best ROI for all your investment.

In saying that, some people have made a hugely profitable business out of being a virtual accountant. This means they conduct their business online rather than face-to-face.

You won’t necessarily need to be a chartered accountant either, although this will mean that there are some accounting jobs that you will not be able to perform. However, you will need a professional website with SEO so potential customers can find your business online. 

Final thoughts

Education is certainly key to moving into an accounting career, and it is totally up to you whether you choose to take it further and become a fully-fledged Chartered Accountant or stay as just an account. 

You will find that there is a huge call for accountants as they are required for personal as well as business tasks. It is up to you whether you choose to set up a conventional business style or opt for a more modern approach and become a virtual accountant.