Accountants are considered essential cogs in the wheel of an organisation as they are responsible for variety of tasks inside a business. Business choices can be significantly impacted by even a seemingly minor error made by accountants, such as forgetting or adding an extra digit, misplacing a decimal, or any other similar mistake.
Balancing of the accountant’s books serve as a foundation for company decisions and a way to gauge an organization’s financial health. Therefore, it’s crucial for accountants to have a few traits that would enable them to excel in their roles
Below is a list of seven qualities that the ideal accountant should possess.
Attention To Detail
This quality is crucial since accountants must make sure the figures; they are using are accurate. Accountants shouldn’t need reminding to be careful and precise; it should come naturally to them.
According to data from Chartered Accountants Ireland, the majority of accountants work full-time, and many more put in over 40 hours per week. Accidental mistakes like incorrect manual entry or omitting a digit are simple to make, but attention to detail is what sets the great apart from the good. A minor error can have a big impact, therefore saving them sets you distinct.
Great accountants possess a growth-oriented proactive practical mindset. They should be keen to identify inefficiencies and make immediate improvements.
Outstanding Accountants should be focused on determining the problems or difficulties that they or their company are experiencing and working to resolve them. It not only benefits the organization but also keeps them at the forefront of their field.
Great accountants are goal-oriented by nature, accountants are constantly considering where the organization will be in the next five years and what has to be done to get there.
The accounting department is one of the most valuable sectors for an organization. People responsible for the company’s financial records and data can alter the numbers for their own gain in addition to the accuracy that is expected of them.
It typically happens in places where an employee has access to change financial records. But you never know when old ghosts from auditing will return to haunt them. In order to uphold standards and adhere to accounting principles, it is crucial for accountants to have integrity and are reliable and trustworthy.
Only those with an innate sense of right and wrong are suited for this line of work.
A strong leader understands how to guide, instruct, and be approachable to their staff. There must be a balance between leading by example and taking command, in addition to being a member of the team.
It requires persistence, self-assurance, and delegation skills. Long-term planning and strategic thinking are also included in the list of leadership abilities for accountants. The capacity to anticipate needs is essential because consulting services are offered by numerous accounting firms.
Structured and Well-Organised
Being organized would make a significant impact in an accountant’s everyday activities because they frequently deal with enormous volumes of data and deal with figures for numerous clients. If they are organized, they can handle their workload and be more efficient.
Setting priorities is important, but so is maintaining a tidy desk and email folder. If there is a lot of work, they should feel at ease picking what needs to be done right away and what can wait until another day.
This is a skill that accountants frequently neglect. The ability to properly convey and interpret complex accounting concepts to others who are not familiar with financial jargon yet require them for decision-making is essential for a skilled accountant.
The processes used to create reports needed for decision-making are also discussed by the accountant with clients. They must also collaborate closely with auditors, who examine accounting records for correctness and make purchasing or investing decisions.
Accountants must manage a variety of activities while using a decision-making process to do everything on time. The accountants’ financial data is used by the corporation to guide a number of crucial choices.
This information can be deemed irrelevant if it is not delivered on time. A competent accountant establishes an organized system that enables work to be completed and filed on schedule. Their capacity for meeting deadlines and setting priorities is what propels them forward.
It should go without saying that being a great accountant needs a lot of work and the essential personality traits of a successful person.
Accountants must to be able to develop extraordinary talents, demonstrating to their clients that they are trying to better both their present and their future.
Good accountants are well-versed in both internal and external financial reporting requirements, and they know how to meet them. They are trustworthy, accurate, and pertinent. They are familiar with a variety of solutions to uncommon accounting issues.
Outstanding accountants have the ability to observe, understand, conclude, and interpret in the face of complicated financial crisis circumstances. They are aware of and skilled in evaluating numerous best-practice solutions to issues that frequently or recently arise for them. They have a remarkable aptitude for subjects where numerical data dominates.
Here at Martina Quinn Finance Recruitment where we have many years experience working with the best accountants in the industry have noticed that the best accountants have abilities not only to solve financial brainteasers, but it’s also the ability to translate environmental knowledge into organized problems and rebuild problematic situations such that they are logically solvable. They are also able to communicate their findings in a way that everyone in the organisation or their clients who don’t come from financial backgrounds understand.
When making decisions in those ambiguous situations, the best accountants put themselves in the position of the financials report reader. They do this while still producing elegant reports suitable for those who need the information most.
Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide, Our teams have extensive experience (67 years combined) recruiting in the Irish Market. Reach out to the team here in Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.