What You Need to Know About Accountant
Position Description Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
Daily Life Of an Accountant
- Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.
- Appraise, evaluate, and inventory real property and equipment, recording information such as the description, value, and location of property.
- Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
- Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
- Review accounts for discrepancies and reconcile differences.
Below is a list of the skills most Accountants say are important on the job.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Mathematics: Using mathematics to solve problems.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Speaking: Talking to others to convey information effectively.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Related Job Titles
- Cost Accounting Manager
- General Accountant
- Revenue Accountant
- Forensic Accountant
Job Demand for Accountants
In the United States, there were 1,397,700 jobs for Accountant in 2016. New jobs are being produced at a rate of 10% which is above the national average. The Bureau of Labor Statistics predicts 139,900 new jobs for Accountant by 2026. The BLS estimates 141,800 yearly job openings in this field.
The states with the most job growth for Accountant are Utah, Colorado, and Tennessee. Watch out if you plan on working in Maine, Alaska, or Ohio. These states have the worst job growth for this type of profession.
Average Accountants Salary
The average yearly salary of an Accountant ranges between $43,650 and $122,840.
Accountants who work in District of Columbia, New York, or New Jersey, make the highest salaries.
How much do Accountants make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$98,130|
Tools & Technologies Used by Accountants
Although they’re not necessarily needed for all jobs, the following technologies are used by many Accountants:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- Data entry software
- Microsoft Windows
- Microsoft Project
- Microsoft SharePoint
- Structured query language SQL
- Microsoft Dynamics
- IBM Notes
- Microsoft Visual Basic
- Microsoft Publisher
- Google Docs
- FileMaker Pro
- Microsoft SQL Server
- Intuit QuickBooks
How do I Become an Accountant?
Education needed to be an Accountant:
How many years of work experience do I need?
Where do Accountants Work?
Accountants work in the following industries:
Other Jobs You May be Interested In
Career changers with experience as an Accountant sometimes find work in one of the following fields:
More about our data sources and methodologies.