Accounting is the recording of financial transactions of a business or individuals in some cases. The process involves analyzing and reporting the transactions to oversight agencies, tax collection entities, and regulators. Along with revenue and expenses, also factored in the accounting process are capital, assets, and liability. If you enjoy working with numbers and possess keen attention to detail, finance and accounting jobs may be a perfect fit for you.
Accounting offers immense opportunities for professional growth, and its projected job growth rate is higher compared to most industries.
The following are 11 types of accounting jobs to consider:
Type #1: Bookkeeper jobs
A bookkeeper is a type of accounting job responsible for the financial accounts of an organization. Their job entails recording all transactions, credits and post-debit into one ledger to generate financial statements for a company.
You can take payroll courses online to begin your career in this accounting role. A bookkeeper can work within a department or as an individual.
Type#2: Staff accountant jobs
Staff accountants make up a majority of the accounting department in most companies. The duties of a staff accountant include analyzing and preparing budgets, maintaining financial reports, and bookkeeping.
Being conversant with accounting software like QuickBooks is a critical requirement for this job. A staff accountant is your first step to high-level accounting positions like CFO and controller.
Type #3: Tax accountant jobs
The job of a tax accountant is to prepare federal and state income tax documents for clients. They can either work for an accounting firm, be part of an in-house accounting staff or be self-employed. Senior tax accountants also offer strategic advice for their employer or client. A tax accountant is required to have a valid CPA license.
Type #4: Accounts receivable specialist jobs
An accounts receivable specialist’s primary role is processing and tracking outstanding company bills. It involves sending follow-up statements and making collection calls to delinquent accounts. It is also their job to prepare a company’s ageing reports.
Accounts receivable specialists can perform other accounting duties, but they are usually part of the core accounting staff. They report to the controller.
Type #5: Accounts payable specialist jobs
An accounts payable specialist is an accounting clerk who manages outgoing payments in an organization. Among their duties include managing the payroll and invoices. They distribute payments and process all cheque requests and keep documents for tax purposes. Skills in accounting software and Microsoft Excel, along with attention to detail, are essential for this type of accounting job.
Type #6: Finance manager jobs
A finance manager is responsible for a company’s financial health. They can apply their skills in a variety of industries, with the primary tools being reporting, analytics and research. They help cultivate strategies and investment activities that lead to financial success in the long run. They report predictions and results to upper management.
Type #7: CFO jobs
Chief financial officers (CFOs) are accountable for managing and overseeing the financial risks of an organization. They’re responsible for record-keeping and financial planning. CFOs oversee budgets, shareholder and partner relations, liability, performance and cash flow. They also monitor the accounting, HR, finance and IT departments. A CFO reports directly to the CEO.
Type #8: CPA jobs
CPA is a short form for Certified Public Accountants. A CPA is a business consultant, a financial auditor, and an accountant. They handle financial services like tax preparation and corporate finance. CPAs usually work for associations and corporations and may manage the finances as Chief Financial Officers or finance managers. For a CPA to be certified, they have to pass the Uniform Certified Public Accountant Examination.
Type #9: Controller jobs
A controller is a high-level financial officer in an organization. Their key role is managing the accounting department and overseeing the financial activities of a company. Controllers usually have significant experience in accounting work. They’re often promoted from within a company’s accounting department. Typically, a controller reports to the CFO, but some companies combine the two jobs.
Type #10: Forensic accountant jobs
Forensic accountants are like detectives in the accounting world. They analyze financial records to make sure they’re compliant with laws and standards. Forensic accountants uncover omissions, errors or outright fraud. The skillset needed for this job is unique—a combination of a “numbers person and an investigator’s curiosity.” They work in either litigation support or investigation. A forensic accountant can also serve as an expert witness in a court proceeding.
To qualify for these types of accounting jobs, a bachelor’s degree in accounting is mandatory. After graduating, you will need to acquire some certification. A CPA credential is the most common among forensic accountants.
Type #11: Government accountant jobs
The government’s many departments include the city, county, provincial, federal and district governments. These departments have one thing in common: they need accountants. The primary role of government accountants is to ensure hard-earned taxpayer money is allocated and spent wisely. They also play a role in planning out the activities of government agencies in a fiscal year.
These professionals must have a bachelor’s degree in accounting. Most government accountants also possess a master’s degree in business administration, taxation, finance, and accounting. In some cases, government accountants audit private individuals and businesses.
The responsibilities of accountants vary significantly with each position, but they all stem from analyzing and interpreting financial information. The professional and educational requirements needed for accounting jobs also vary.