Accountancy Income – Earn More
One of the most attractive aspects of being an accountant is the salary. Everyone knows that an accountant earns good money. This is one of the highest paying careers today. Accountants are very valuable in the world of business, which makes them in demand. While many are aware that an accountant can earn a high pay, not many knows about how huge the earning power of an accountant really is. If you want to know more about an accountant’s salary, here is some information:
An accountant’s role in a company is crucial. They are tasked to make sure that the finances of the company are well managed and intact. They are tasked to create financial reports as well as tax reports. Every piece of information should be precisely calculated and recorded accurately. Any mistake in the financial reports or tax reports might put the company in the bad light. What is worse is that legal implications might be taken. Therefore, a good accountant is always in demand
According to the Bureau of Labor and Statistics, an accountant can earn an average of $43,000-$72,000 a year. This is the starting salary range for most accountancy graduates. This salary range is affected by the nature of work, place of employment, years of experience and educational attainment.
How do you earn more? This answer is simple. You have to look at the factors that affect your salary. Apply for a job that will get your promoted or is in the line of management work. The type of job you will apply for determine how much work you need to do. Companies give much importance to experience. Do not expect to earn $70,000 immediately if you are fresh graduate. The more years of experience you have, the higher your earning power will be. Further, pursuing a higher-level degree will definitely get you a higher salary. The more skilled you are, the more companies will be paying for your services. Now, another way to earn more is to work in a business district. This is where most businesses are located and these businesses are all looking for the best accountants.
After 10 years of experience, you have the possibility of earning a six-figure payroll. If you follow the above tips on how to earn money, there is no way to go but up. Accountants really do have a high earning potential and is a very good career choice today.