General Accounting

Accounting as a career

My question is related more along the lines of accounting as a career move, especially in line with the Covid-19 pandemic that we are all experiencing now. Accounting/tax/bookkeeping – is this an occupation that someone can do anywhere in the world from home? I have been wanting to jump into taking bookkeeping/accounting classes with the goal of becoming an accountant/bookkeeper working from home. Now with Covid-19 happening with no such end in sight yet, I am beginning to feel that now would be an excellent time to make a move.

in progress 2 Answer

Answer

  1. 28 Answers
    This answer is edited.

    Accounting traditionally was an occupation that required professionals to gather into offices, meet with clients or colleagues in person at some point during a critical period such as tax season, auditing, or review of sensitive information.  However, many accounting professionals have had successful careers remotely with minimal in person interaction. Since COVID-19, this has changed.  Accounting professionals are working remotely worldwide and meeting clients and respective team members virtually. This could usher a new normal in the future, but that has yet to be seen.

     

    One thing to understand is that COVID-19 is not expected to last forever.  If this is a time where you have 1) have the resources and 2) more capacity to take online classes towards a certification or degree in the Accounting field I agree, then this is an excellent time to pursue a career change.

     

    I changed careers during 2008 and maximized the time of recession to gain a Master’s in Accounting. Note, that I was working at a bank in the wealth management division but providing fiduciary accounting services after taking accounting courses.  This gave me some experience to highlight on my resume.  When the bank disbanded the department, I had experience worth building upon.  In my downtime, I learned Sage, Peachtree, QuickBooks, mastered expert Microsoft Excel functions, and practiced how to create journal entries, create budgets, and other bookkeeping skills. Immediately the strained job market opened me with open arms, and I have not looked back since. Accounting firms are still hiring currently, virtually of course.

     

    There are a lot of YouTube channels that can walk you through how to execute these, and LinkedIn University also offers free classes for accounting software and Excel.  During the COVID-19 pandemic, many companies have sought after accounting and bookkeeping professionals to help owners and stakeholders navigate the uncertainties of financial uncertainty and tax

     

    This is a great time to build your network. Through platforms like LinkedIn, reach out to professional in the desired field and network.  Some accounting and tax companies are seeking entry level help with no experience.  Sometime, just getting your foot in the door in the capacity of an Accounting assistant or similar title, can afford you what school does not provide…experience! Utilize the online programs to your advantage. Seek tuition reductions or free certification programs being offered at this time. With everything, there is a risk.  Count the cost and make a decision that works best for you.

  2. 5 Answers

    What a great question! As the owner of a bookkeeping firm myself, I have decided on this path for my future. Here is what I have seen and would advise if you are looking at this for a career path:

    The bookkeeping and accounting industry, like many other industries right now, is moving online. Many small business accounting software platforms, such as Freshbooks, Xero and QuickBooks Online are hosted in the cloud, allowing business owners (and bookkeepers and accountants) to access their financial information from anywhere. This makes it an ideal career option for someone desiring to work from home.

    The tax industry, closely related to bookkeeping and accounting, is also moving online, though the transition is a bit slower. Should you decide to look into tax preparation, be informed it is an industry under constant change (ever heard about the C.A.R.E.S. Act?) Tax professionals must stay informed of the latest changes to laws, forms and policies with the IRS, as well as with the latest updates to their software of choice.

    Lastly, I would advise that you think long and hard concerning any career move, especially if you are transitioning from an employee position to one of business owner. As a business owner, you are not only responsible for completing the technical work your business provides, but you are also in charge of sales, marketing, customer service, operations and all other facets of the business. Good luck to you as you make your decision!

Leave an answer