5 reasons to consider a bookkeeping and accounting career

Ask the general public what they think of accountants and bookkeepers and it's likely that the word boring will crop up more than once. But is this reputation really justified?

There's no denying that a career in accounting isn't for everyone. If you dislike routine or jobs that require precision and concentration then accounting is never going to float your boat. Businesses depend on their bookkeepers and accountants to carry out complex numerical tasks with a high degree of accuracy. For that reason, people who succeed in this industry thrive on routine, have a good attention to detail and a methodical approach.

If that sounds like you then there are many benefits to a career in bookkeeping and accounting. Take a look below at some of the reasons why this could be just the job for you:

1)Numerous opportunities for self-employment
A profitable bookkeeping business can be run from home with little financial investment and minimal overheads. As such, this is an attractive option for those who want flexibility in their working hours or who wish to combine a career with other commitments such as having a family.

Many experienced bookkeepers or accountants choose to take things to the next stage by setting up a small business and taking on staff to expand profitability while enjoying the benefits of being their own boss.

Whatever level you're at, your accounting practice can be adapted to your personal circumstances and preferences.

2)High level of demand
All companies, no matter their size, require the knowledge and services of a bookkeeper and accountant, so there is no shortage of work. As long as you deliver your work on time and to the required standard then word of mouth alone is likely to keep you in business.

3)Well paid
Self-employed bookkeepers can charge £10 to £15 per hour, which equates to between £20,000 and £25,000 per annum.

Those who choose to progress up the ladder and become a qualified accountant can expect to earn significantly more. An experienced chartered accountant, for example, can command an impressive £250,000 a year.

4)Opportunities for progression
Bookkeeping and accounting is a sector with a clear career pathway, which is ideal for those of an ambitious nature.

From a starting point as a bookkeeper or accounting technician with a Level 4 qualification from the Association of Accounting Technicians (AAT) or the Institute of Certified Bookkeepers (ICB), it's often possible to progress to membership of one of the major accounting professional bodies. These include the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA).

From there, the sky really is your limit. In fact, research has shown that 25% of the top 500 companies in the UK have a chartered accountant as their chairman or managing director.

5)No need for a degree
Anyone with a good head for numbers is eligible and able to study for an AAT or ICB qualification. These start at Level 2 - the equivalent of GCSEs - and progress to Level 4 which is comparable to the first year of a bachelors' degree.

So, if you're considering a career change that will give you flexibility and a secure income then bookkeeping and accounting could the way forward. Why not take a look at our bookkeeping and accounting courses and see if this is right route for you.