The 2020 Shake-Up That’s Rustled Up the Mundane Accountant’s Office Desk
Accounting jobs in 2020 were thrown into disruption, as the pandemic whipped through all the old traditional ways accountants operated. But was this such a bad thing? Afterall, finance and accounting did need a shakeup from using the same old spreadsheets and processes.
And if you think we’re exaggerating, according to FSN, 46% were disrupted by manual tasks that could only be carried out in the office and not remotely. The pandemic highlighted just how much needed to change in accounting jobs.
So, what does the future hold in accounting jobs for 2021? Could it be time to look for a new accounting job?
In this article, you’ll discover the trends that are propelling accounting into a faster, more resilient way of operating, and the skills you’ll need that employers will be looking for.
Trend #1: Working Remotely and with Cloud Computing
With Gartner reporting that 74% of CFOs are intending to increase remote work on a permanent basis – after the pandemic forced many accountants out of the office and into their homes – cloud computing is becoming an essential part of accounting jobs.
Employing the cloud allows professionals to access and work with files in real time, no matter where they are. Additionally, companies can collaborate on work much faster and easier with cloud computing.
If you’re in search for accounting jobs, be sure that you:
- Are technically minded
- Are willing to adapt to change in how you work
- Demonstrate a creative flair in how you collaborate with your team remotely
- Possess excellent time management skills and self-discipline
Trend #2: AI and Automation
Don’t let the word ‘automation’ strike fear into you, believing that this could replace your role.
AI and automation processes are allowing those in accounting jobs to eliminate mundane, repetitive tasks from their roles. This frees up time to execute the more fundamental areas that must be done independently.
The future requires accountants who understand the importance of efficiency and time management, to improve profits for the company they work for. Don’t fear artificial intelligence and the world of automation – its use will boost your morale and productivity tenfold.
Trend #3: Data Analytics Specialization
Data is the most valuable resource on the planet, says Forbes. But it’s only useful when used often and routinely – which is exactly what accounting firms will be doing.
Analyzing data as a specialty in which you’ll be able to track performances of clients and improve their tax setups and overall financial status.
With businesses and clients more focused on their financial health in 2021 to combat the devastating impacts of 2020, it’s crucial that data is analyzed accurately, effectively, and routinely to identify potential issues early on.
If you’re in accounting jobs, getting ahead of your game and specializing in this field will help you to stand out.
Of course, the negative disruption caused by the pandemic in 2020 was unwelcome to all. But there is a silver lining for the finance and accounting industry. The need to adjust processes, policies, and procedures has accelerated change in the sector.
Are you ready for an exciting future in accounting jobs?
Have you got the skills that employers will be looking for, to fulfil these new areas of expertise and ability?
The key set of diverse skills that are in demand today include:
- Being highly motivated, and willing to adapt to new changes
- Excellent time management skills
- Ability to get creative and collaborate remotely
- Specialties in addition to cloud computing:
- Data analytics