What Do Accountants Make Good Money?
What is it about accountants that make them the ideal candidates for self-employment? Accountants are professionals who make use of their skills and financial resources to keep track of financial transactions of individuals and businesses. Accountants are involved in almost all aspects of accounting from simple bookkeeping to complex IRS audits. Their efforts help improve the quality of financial documentation and, therefore, the bottom line of any business.
How much do accountants earn, exactly? Accountants bring in quite a bit of cash, depending on which field they work in. For most accountants, work for a larger firm yields an average salary of around 70 thousand dollars per year. However, if an accountant works freelance or only specializes in individual tax filings, they can easily make more during off peak financial periods like Tax Season or at the end of quarterly financial reports.
Is it possible to become accountants without a college degree? Yes, but not without a lot of hard work. It takes a four-year college degree to become certified as an accountant, but many accountants who have earned a certificate do not have bachelor’s degrees. Most accountants begin by earning an associate degree and then finishing up with a bachelor’s degree through an accredited program.
So, what career paths do accountants typically follow? Most accountants begin with positions in corporate America. Accountants who want to advance to higher salaries often select law or medical offices. There are also accounting degrees which open the door to a variety of business careers such as leadership or management. A doctoral degree is the ultimate achievement for accountants. It is rare that accountants will find themselves holding a doctoral degree, however, because most accountants begin their careers with an associate degree.
Do accountants make good money? Yes, but like any profession, there are a pay scale and a different way to do each job. Average salaries for accountant jobs are in the high forty-five to fifty-five dollar range. Salaries are expected to go up when an accountant attains the prestigious title of “accredited public accountant”. This credential requires an accountant to have at least a two-year post secondary education, but the exams to receive this accreditation have been known to take just two years.
The most important aspect of an accountant’s salary is the amount they earn from the taxes that they perform. The bulk of an accountant’s salary is in the last twenty-five percent for the sole purpose of receiving the taxes owed. Other than that, what an accountant makes may depend on their experience. A highly experienced accountant can earn more, but it takes a lot more work.
Do accountants make good money? Yes, but like any profession, it requires hard work and dedication to excel in the field. This is not an easy career, especially for those who lack computer skills or knowledge of accounting lingo. Many accountants hire personal assistants to handle some of the more difficult aspects of accounting. The salaried accountant can expect his or her salary to grow along with their experience.
Do accountants make good money? Yes, but only in the beginning. As the profession continues to evolve and become more complicated, accountants will find themselves at a salary level that begins to rise. With a proper education, experience, certification, and certifications, however, an accountant’s salary will continue to climb.
What are the different accounting fields and what are the responsibilities of each field? An accountant is required to understand all of the different accounting principles and regulations as required by the various government tax laws. Accountants also must be knowledgeable about financial statements, internal accounting controls, management reporting mechanisms, and internal audit responsibilities.
How can accountants make money in this career? Well, there are a variety of different ways accountants can make money. A large number of accountants have found lucrative jobs in the government by providing auditing services for major corporations. Other accountants provide training and consulting services to small businesses and start-ups.
An accountant’s salary largely depends upon several factors including their educational background, their experience, the nature of their job, and the amount of years they have been in the field. Some accountants choose to continue their education by earning either a bachelor’s degree or a master’s degree. The more education an accountant has the more likely they will earn higher salaries.
