By Ruoro Kairu
Nearly every industry has been revolutionized by the progression of technology and the internet.
Take the transport industry for example, in the olden days, you had to manually find a taxi, or have the driver’s number. Today, you can order a taxi from anywhere in less than a minute. Same goes for shopping, within a few minutes, you can stock your house without leaving the couch.
Accounting has not been left behind during the spread of the internet and the advancement of technology.
A decade ago, most companies would have physical accounting books. Today, there are multiple software that you can not only store your accounting data, you can also access them from a remote location.
So, what do these advancements mean for you as an accountant?
1. A lower error margin
One of the key qualities of an effective accountant is being detail oriented. When you have a keen eye, you’re able to make out even the tiniest of error and rectify. However, you may not be able to see every mistake.
Years back, most of the accounting books would be filled in manually. Today, however, there are software that are not only automated, they also perform intricate calculations and arrive at an accurate figure.
A simple error in accounting can be translated in a way that could affect the whole organization. In this instance, embracing technology can make the accounting profession more accurate in its data recording and interpretation.
For an accountant, you need to familiarize yourself with the major accounting software, such as QuickBooks, in order to be efficient in your workplace.
2. Specialized training
The quality of education provided by tertiary institutions does not seem to match what employers are looking for. For example, very few –if any, universities and colleges give practical examples of using the common accounting software.
Today, before an employer hires you, they have to ensure you can file taxes on the new KRA iTax platform. Unfortunately, this is not covered in schools.
To excel as an accountant, you ought to be efficient in processes such as filing taxes on iTax. This is where specialized training comes in.
To see what employers are looking for look at the accounting job descriptions on advertised jobs. Then, look for training that offers these skills and processes.
At the end of the day, accountants are a key component to the success in organizations. However, with the high competition for accounting jobs, you’ll need to put extra effort in order to get an accounting job or to advance in your career.
Book your spot for the upcoming Practical Accounting Training and learn the skills to propel your accounting career ahead.