Are you interested in a career within accounting? For information on qualifications, career outlook and salary ranges, read on. Here are the top 5 accounting jobs with the highest salary ranges. Get in touch with us for more information. We'll help to make the right decision. We will keep an eye out for opportunities that meet your qualifications and interests. We will keep this information current as the field develops.
Qualifications
Accounting careers can be extremely rewarding. But, compensation will vary depending on your level of experience and what area you are working in. You can make a lot more money by becoming a CPA and get many opportunities to advance. Other professional certifications, like the Certified Fraud Examiner (CIA) and Certified Internal Auditors (CFA), can also increase your salary. An accounting degree is not required, but you might be better suited for a job with additional certifications.
If you're passionate about numbers and enjoy working with numbers, you may want to consider becoming an accountant. This field is highly in demand and can earn high salaries. Earning a bachelor's degree in accounting will give you a wide range of opportunities in different fields. Aside from accounting, you might want to pursue your CPA certification. It usually requires additional college coursework. Your experience may lead you to a career in forensic or professional accounting.
Salary ranges
While the range of salaries for accounting careers is varied, some are more lucrative that others. Senior professionals often command the highest salaries. The annual salary range of senior accountants (auditors) and cost accountants is between $70,000- $120,000. You can earn a lot less if your job is as an intern, or as an employee at the entry level. You can earn anywhere from $57.110 to $128.680 depending on your level of education and experience.
Accounting and Finance professionals make an average salary of 117,000 USD annually. This means that half of Accounting and Finance professionals earn less than this annual salary, and the other half make more. Therefore, the median wage is the middle-ofthe-road wage. The ideal situation is to be on either the left or right side of this graph. More experience is generally a plus. However, the average salary for an Accountant in New York City is 125,000 USD per year.
Job outlook
The U.S. Bureau of Labor Statistics tracks the job market and projects an 11 percent increase in accountants and auditors by 2021. The demand for tax examiners and financial managers will continue to grow. According to the Bureau of Labor Statistics the average accounting major income in 2017-2018 was $57.250. This number could vary depending upon your location, skills level, and experience.
Accountants have a great job outlook and competitive salaries. People with high professional and educational skills have plenty of options. Salary ranges widely between regions and experience is a key factor in determining what you get paid. Many cities have higher salaries than others. However, the high cost of living can make it more difficult to manage the income. The outlook for accountants remains positive. The industry of accounting continues to grow, and technological advances are bringing in new jobs. Students need to choose their area of specialization and determine the expected salary range.
FAQ
What training is needed to become an accountant?
Bookkeepers must have basic math skills such as addition, subtract, multiplication and division, fractions or percentages, and simple algebra.
They should also know how to use computers.
A majority of bookkeepers hold a high school diploma. Some have college degrees.
How long does an accountant take?
Passing the CPA examination is essential to becoming an accountant. Most people who wish to become accountants study for around 4 years before taking the exam.
After passing the test, one must work as an associate for at least 3 consecutive years before becoming a certified professional accountant (CPA).
What is bookkeeping?
Bookkeeping is the act of keeping track of financial transactions, whether they are for individuals or businesses. It also includes the recording of all business-related income and expenses.
All financial information is kept track by bookkeepers. These include receipts. Invoices. Bills. Payments. Deposits. Interest earned on investments. They prepare tax returns, as well as other reports.
Statistics
- BooksTime makes sure your numbers are 100% accurate (bookstime.com)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- The U.S. Bureau of Labor Statistics (BLS) projects an additional 96,000 positions for accountants and auditors between 2020 and 2030, representing job growth of 7%. (onlinemasters.ohio.edu)
External Links
How To
How to do Bookkeeping
There are many accounting software options available today. While some are free and others cost money, most accounting software offers basic features like invoicing, billing inventory management, payroll processing and point-of-sale. The following is a brief overview of the most widely used types of accounting software.
Free Accounting Software: Free accounting software is usually offered for personal use only. Although the program is limited in functionality (e.g. it cannot be used to create your reports), it can often be very easy for anyone to use. A lot of free programs can be used to download data directly to spreadsheets. This makes them very useful for anyone who wants to do their own analysis.
Paid accounting software: Paid accounts can be used by businesses with multiple employees. They typically include powerful tools for managing employee records, tracking sales and expenses, generating reports, and automating processes. Most paid programs require at least one year's subscription fee, although there are several companies offering subscriptions that last less than six months.
Cloud Accounting Software. Cloud accounting software allows for remote access to your files using any mobile device such as smartphones and tablets. This program is becoming increasingly popular due to its ability to save space on your computer hard drives, reduce clutter, and make remote work easier. You don't even have to install any extra software. You only need an internet connection and a device that can access cloud storage services.
Desktop Accounting Software: Desktop accounting software is similar to cloud accounting software, except that it runs locally on your computer. Desktop software is similar to cloud software. You can access your files from anywhere you want, even through mobile devices. However, unlike cloud-based software, desktop software must be installed on your computer before it can be used.
Mobile Accounting Software: Our mobile accounting software can be used on smartphones and tablets. These programs enable you to manage your finances even while you're on the move. These programs are typically less functional than full-fledged desktop software, but they can still be useful for people who travel frequently or need to run errands.
Online Accounting Software is specifically designed for small businesses. It offers all the functionality of a desktop program, plus some extra features. One advantage of online software is that it requires no installation; simply log onto the site and start using the program. Another benefit is that you'll save money by avoiding the costs associated with a local office.