Category: Jobseekers Insights

The Vital Role of Data Security in the Accounting Industry

Posted on by Martina Quinn
Data security in the accounting industry is vital

The significance of data security cannot be understated, as it poses a crucial concern not only for small organizations but also for large enterprises such as Google, Apple, and Amazon for example. For accounting firms and individual accountants, safeguarding confidential client information is essential to the success of their business. Therefore, ensuring data security is one of their topmost priorities.

Encryption is a widely adopted data security measure utilized by most accounting firms and Certified Public Accountants (CPAs) to safeguard confidential client data. Although encryption is considered the simplest and most reliable means of data security, some individuals still hesitate to implement it due to the perception that it is too complicated or may restrict their own access to the data.

This blog will touch upon several cases that exemplify the adverse consequences of inadequate data security for accountants and firms. Additionally, it will provide solutions to prevent such situations.

Data Security Breach

A data breach occurs when confidential or sensitive information is accessed, viewed, or stolen by unauthorized individuals, groups, or software. This security breach can happen for various reasons, such as weak passwords, system vulnerabilities, phishing attacks, or insider threats. Data breaches can result in severe consequences, including financial losses, legal repercussions, reputational damage, and identity theft.

Data breaches have become increasingly common in recent times, and unfortunately, many accountants and accounting firms have fallen victim to these cybercrimes in the past. The theft or loss of laptops and other electronic devices that contain proprietary and sensitive client and corporate information is the most prevalent cause of data breaches in this industry. If this information falls into the wrong hands, the consequences can be catastrophic in a matter of moments.

The worst part is that in such situations, the accountant or the firm is usually held accountable for any potential loss or damage, which can result in class-action lawsuits or fines to cover data recovery costs. Moreover, the loss of industry reputation and client trust is even more detrimental to accountants and firms in such cases.

Data Security Accounting Solutions

In addition to their conventional roles, modern accountants and accounting firms must also function as data collectors and managers, dealing with vast amounts of data. This data often comprises confidential financial, payroll, and tax-related information, which needs to be handled and distributed with utmost care.

Moreover, in addition to their client’s data, accounting firms and accountants must also manage and safeguard their personal information to ensure robust data security practices throughout.

In the event of a data breach or cyber-attack, both confidential client data and accounting firm data are vulnerable. This jeopardizes not only the reputation and credibility of the accountant or firm but may also result in legal action and significant financial losses for them and their clients.

Here are a few key takeaways from Tech Guru on “7 Security Tips to Keep Your Accounting Firm Secure,” which can help you gain a better understanding of the latest data security practices and standards in the accounting industry.

Secure Mobile Devices for Data Security Accounting

Mobile device data breaches are primarily caused by application-specific cyberattacks, which constitute 42% of all such breaches. Web application attacks account for 31% of these breaches. These application-specific attacks make up a significant portion (73%) of all cyberattacks targeting the finance industry. This trend is attributed to the growing reliance of accounting firms on cloud technologies, web extensions, mobile apps, and client portals.

  • Using 2-Factor Authentication (with biometrics and strong passwords)
  • Encrypting devices
  • Installing antivirus applications
  • Updating software whenever available
  • Avoiding public or free Wi-Fi

Enforce Cybersecurity Training

The first line of defence against cyberattacks is proper training. Having advanced security systems and protocols in place is futile if an employee falls prey to a phishing email or inadvertently downloads malware from an attachment.

Managers must ensure that the entire team is equipped to identify and handle phishing attacks. Additionally, employees must be educated about other threats, including:

  • Ransomware
  • Malware and viruses
  • Distributed denial-of-service (DDoS)
  • Insider threats
  • Brute force attacks
  • Social engineering

Invest in a VPN

By using a virtual private network (VPN), users can send and receive data sets on a public network as if they were directly connected to their firm’s private network. A VPN also grants access to other resources that may be inaccessible on a public network.

However, it’s important to note that not all VPN service providers offer encrypted connections, even though encryption is typically utilized. Benefits of a VPN include:

  • Increased security
  • Enhanced network management
  • Functionality and convenience

Keep All of Your Software Up to Date

To obtain the most up-to-date security features, users must update their software regularly. This doesn’t just apply to antivirus software, as major hardware and software developers such as Microsoft and Apple incorporate the most advanced security measures in their products.

It is crucial for accounting firms to download the most recent versions of computer operating systems, programs, and applications onto their technical infrastructure, office equipment, and individual computing devices used by staff members.

Use Password Management Software

Password managers are useful tools that allow users to store usernames and passwords securely across their entire team. They are cost-effective and simple to use, whether a company has a small or large workforce.

These programs offer features like setting password strength rules and whitelisting the company’s IP addresses and those of its associates. Passwords can also be locked using IP restrictions or geo-locking, which prevents those outside the geographic area from accessing them. The two most popular and highly secure password management software programs are Practice Protect and LastPass.

Extra tip: To keep passwords secure, it’s important to enforce strong passwords and disable the “save password” feature on all work devices. This is because insider threats often use this method to obtain data for malicious purposes.

Backup All of Your Data to the Cloud

To improve data security, migrating to the cloud is crucial for accounting firms. Cyber attackers may not always intend to steal data for their own use or sell to others. Instead, they encrypt data and demand a ransom to release it.

By backing up data on cloud-based platforms, firms can avoid paying the ransom and still access their data. The following are two recommended cloud-based data platforms:

  • SharePoint
  • Rewind

Hire a Team of Experts

Accountants are knowledgeable in finance, but not necessarily in IT. Cybercriminals are adept at bypassing even the most advanced security systems. In contrast, employees within accounting firms may have limited knowledge of basic security features within their tech stack.

This is where IT strategists come in. They specialize in cybersecurity and are able to monitor a firm’s security infrastructure for both internal and external threats. Additionally, IT strategists can educate and train staff on the most effective processes, protocols, and best practices for ensuring optimal security.

Nowadays, data security is a crucial factor that determines the reliability and credibility of accountants and accounting firms. For some clients, data security is even the top priority when selecting an accounting partner.

Conclusion

Large enterprises have the necessary knowledge and resources to ensure top-notch data security. However, smaller firms and individual accountants often lack the same knowledge and resources to establish a robust and dynamic data environment.

Data security has become one of the highest priorities for accountants and accounting firms today. It is an indicator of a firm’s or an accountant’s reliability and reputation, distinguishing between a secure data environment and a total data breach disaster.

What we can do for you

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to the executive level nationwide. Our teams have extensive experience (67 years combined) in recruiting in the Irish Market.

We also provide interview preparation to ensure you have the best chance of landing the job. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

Artificial intelligence Revolutionises Accounting: A Look into the Changing Landscape of the Industry and its Workforce

Posted on by Martina Quinn
Artificial intelligence in Accounting
Artificial intelligence in Accounting

Artificial intelligence (AI) is revolutionising the way the world works, and the accounting industry is no exception. AI has immense potential to replace manual tasks and free up people to engage in innovation and creativity.

But what does this mean for accounting jobs? Will AI replace accountants altogether, or will it create new opportunities for skilled professionals? In this article, we’ll explore how AI is changing accounting, what new opportunities it’s creating, and what accountants can do to thrive in the digital age.

What is Artificial intelligence in Accounting?

Artificial intelligence has reformed the field of accounting, especially in terms of data analytics and automation of repetitive tasks. Machine learning and other AI-powered technologies can enhance data analytics practices for accounting.

In addition, Artificial intelligence can streamline the audit and financial processes, making them more efficient and reducing the risk of human error. With the help of tech-based tools that organize information, AI can save a significant amount of time for bookkeepers, auditors, and financial professionals.

This not only improves their efficiency and effectiveness but also provides real-time financial visibility and insights. Ultimately, AI can lead to better-informed decisions and more value for clients.

Artificial intelligence is Creating Jobs in Accounting

Contrary to popular belief, AI is not going to replace human accountants altogether. In fact, the World Economic Forum (WEF) has issued numerous reports forecasting how AI will impact jobs worldwide. Their analysts predict that automation will result in an increase of 58 million jobs, two-thirds of which will be highly skilled.

They compare the current climate of change to similar times in the past. For example, in the early days of bookkeeping software, accounting jobs changed drastically. Intuit, launched in 1983, and Microsoft Excel, launched in 1985 did not in fact represent the demise of human bookkeepers, as many feared.

Instead, the field grew 75% over the course of a decade.

The net result of new technology in accounting and bookkeeping has been that accounts and tellers performed higher-skilled work than before. With Artificial intelligence and automation, this will continue to be true.

Benefits of Artificial intelligence for Accounting

One of the primary applications of Artificial intelligence in accounting is to automate repetitive tasks. AI-powered systems can efficiently and accurately handle a range of tasks, such as inputting and matching data, reconciling receipts, creating and sending invoices, preparing expense reports, tracking price changes, reconciling accounts, sorting transactions, and generating data reports.

The beauty of AI is that it is based on algorithms that can learn and improve over time as they are fed more data. This means that AI can adapt to changing business needs and processes, leading to even more efficient and effective performance. Moreover, unlike humans who can make mistakes, AI is immune to human error and can work continuously 24/7 without any break or fatigue. Preparation can be automated with AI, allowing bookkeepers to focus on higher-level tasks such as analysis, strategy, and business advisory services.

According to business.com balancing AI and human intelligence, accounting professionals and businesses can utilize technology to benefit their clients, simplify their work, and provide them with greater flexibility to pursue broader opportunities.

Benefits of Artificial intelligence in Accounting

Experts believe that Artificial intelligence can provide significant benefits to accountants, including:

  • Invisible Accounting: AI can automate mundane and repetitive tasks like data entry, freeing up human accountants to engage more with strategic decision-making. This leads to a more efficient use of time, which can be used to provide more value to clients.
  • Continuous Auditing: AI can continuously audit financial data without the need for breaks, resulting in no gaps in reason or precision, and providing a more accurate and real-time view of financials.
  • Active Insight: Accounting managers and leaders can get real-time visibility into their finances through AI-powered analytics and dashboards, enabling them to make better-informed decisions.

Conclusion

While AI may replace some of the tasks performed by bookkeepers, it does not mean that their jobs will become obsolete. Instead, AI can help bookkeepers to become more efficient and effective in their roles. Additionally, Artificial intelligence can provide significant benefits to accountants, including invisible accounting, continuous auditing, and active insight, ultimately leading to better-informed decisions and more value for clients.

What we can do for you

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to the executive level nationwide. Our teams have extensive experience (67 years combined) in recruiting in the Irish Market.

We also provide interview preparation to ensure you have the best chance of landing the job. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

The Importance Of Building a Strong Professional Network In The Accounting Industry

Posted on by Martina Quinn
Networking in the accounting profession is critical to success in your career.

In today’s highly competitive business environment, simply having qualifications and technical skills is no longer enough for professionals to succeed. Business leaders are now seeking individuals who can take a proactive approach and work collaboratively with other departments to develop best practices and bring insights to the decision-making process. Networking in the accounting industry is one of the best ways for professionals to stay up to date with changing professional standards and trends according to Accounting.com.

Networking is crucial for improving your profile within the organization and partnering more effectively with other parts of the business. Here are three simple tips to help you get noticed:

Start with your colleagues and key stakeholders at work.

Begin by considering how you fit into your organization, what you do, and the scope of your role. Identify who you work with the most, which other teams or individuals you could benefit from working with, and who you do not know much about. You can reach out to these people through team-building exercises, charity days, corporate sporting groups, and team drinks. The more you make yourself involved, the easier it will become.

Join formal networking groups.

There are numerous professional associations and bodies that hold conferences, seminars, and other events that you can attend. Meeting professionals from outside your organization can be an excellent way to stay informed about trends and meet key influencers within your field. Trade magazines and professional organizations are often great places to start as they tend to run events regularly throughout the year. Making contact with your graduate or alumni groups is also a great way to stay connected to the greater industry.

Consider networking as an investment.

The more time and effort you invest in networking, the better your return. Although it may be difficult to get started, remember that other people are there for the same reason. Some of the most important opportunities can arise unexpectedly, and the more you open yourself to professional exchanges, the more you will find opportunities for career advancement.

In conclusion, networking is a vital component of professional development in today’s competitive business environment. By making connections with colleagues, joining formal networking groups, and considering networking as an investment, professionals can improve their profile within the organization and partner more effectively with other parts of the business.

What we can do for you

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to the executive level nationwide. Our teams have extensive experience (67 years combined) in recruiting in the Irish Market. We also provide interview preparation to ensure you have the best chance of landing the job. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

Standing out in a competitive Irish accounting job market

Posted on by Martina Quinn
Standing out in a competitive accounting job market can be difficult
Standing out in a competitive accounting job market can be difficult

The accounting job market in Ireland is highly competitive, with a large pool of talented professionals vying for a number of positions. Standing out in a competitive job market can be a challenge, especially in a field like accounting where there are often many qualified candidates vying for the same positions.

However, with the right strategies and a little bit of effort, it is possible to set yourself apart from the competition and increase your chances of landing your dream accounting job. In this blog post, we will explore some tips for standing out in a competitive accounting job market.

From earning a reputable degree or certification to gaining relevant experience and building relationships to enhancing your skills and creating a strong resume and cover letter, we will cover a range of strategies that can help you stand out and succeed in your career. So if you’re looking to make a splash in the accounting field, keep reading to learn more about how you can set yourself apart from the competition.

Our Tips For Landing Your Dream Accounting Job

  • Get a professional qualification: A professional qualification such as the Chartered Accountant (ACA) qualification is highly respected in the accounting industry and can give you a significant advantage when applying for jobs. The ACA qualification is offered by the Institute of Chartered Accountants in Ireland (ICAI) and requires a combination of study and practical experience.
  • Build up your experience: Experience is highly valued in the accounting industry, and the more experience you have, the more attractive you will be to potential employers. Consider taking on internships or part-time work in accounting firms while you are studying to gain practical experience. You can also consider volunteering your time to work on accounting projects for non-profit organizations.
  • Network and build relationships: Building relationships with other professionals in the accounting industry can be a great way to learn about job opportunities and get your foot in the door. Consider joining professional organizations such as the ICAI or attending industry events and conferences to meet and connect with others in the field.
  • Focus on your skills: In addition to your qualifications and experience, it’s important to focus on developing a range of skills that will make you stand out in the job market. These may include technical skills such as proficiency with accounting software, as well as soft skills such as communication, problem-solving, and teamwork.
  • Show your passion: Employers are looking for candidates who are passionate about the accounting profession and who will be motivated to excel in their roles. Show your passion by staying up-to-date with industry developments and actively seeking out opportunities to learn and grow.
  • Tailor your CV and cover letter: When applying for accounting jobs, it’s important to tailor your resume and cover letter to the specific position and company you are applying to. Use specific examples to demonstrate your relevant skills and experience, and highlight your achievements and successes. we have more in depth tips on creating compelling CV’s that stand out
  • Consider specialization: The accounting industry is vast and there are many different areas in which you can specialize. Consider focusing on a particular area such as tax accounting, forensic accounting, or sustainability accounting to differentiate yourself from other candidates. This can also make you more attractive to potential employers who are looking for candidates with specialized expertise.
  • Get certified: In addition to a professional qualification, you may also want to consider getting certified in a specific area of accounting. For example, the Certified Public Accountant (CPA) qualification is highly respected in the field and can give you an edge when applying for jobs.
  • Build your online presence: In today’s digital age, it’s important to have an online presence as a professional. Consider setting up a LinkedIn profile and creating a professional website or blog to showcase your skills and experience. You can also use these platforms to connect with others in the industry and stay up-to-date with developments in the field.
  • Be proactive: Don’t just wait for job opportunities to come to you – be proactive in your job search. This might mean reaching out to accounting firms or companies that you are interested in working for and expressing your interest in a position. It’s also a good idea to keep an eye on job boards and industry publications for new job openings. According to Riana Topan from Talent Egg it is key to build your network when actively looking for a new role.
  • Volunteer your time: Volunteering your time and skills can be a great way to gain valuable experience and make a positive impact in your community. Consider volunteering with local non-profits or organizations to help with their accounting and financial needs. This can not only help you build your skills and experience, but also show potential employers your dedication and commitment to the profession.
  • Ace the interview: The interview is your chance to really shine and show potential employers why you are the best candidate for the job. Be prepared to answer a range of questions about your qualifications, experience, and skills, and come prepared with specific examples of how you have demonstrated these in the past.

By following these tips, you can increase your chances of standing out in the competitive Irish accounting job market and landing your dream job. In conclusion, standing out in the competitive Irish accounting job market requires a combination of qualifications, skills, experience, and a proactive approach to your career.

Extra Tips

By getting a professional qualification, building up your experience, networking and building relationships, focusing on your skills, showing your passion for the profession, and tailoring your resume and cover letter, you can increase your chances of landing your dream job.

You may also want to consider specializing in a particular area of accounting, getting certified, learning a foreign language, building your online presence, and volunteering your time to gain valuable experience and make a positive impact in your community.

Remember, it’s important to stay focused and be proactive in your job search. Don’t just wait for opportunities to come to you – seek them out and be prepared to go above and beyond to differentiate yourself from other candidates. With hard work, dedication, and a commitment to continuous learning, you can stand out in the competitive Irish accounting job market and achieve your career goals. Good luck!

Our Solutions.

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.

8 Practical Reasons To Change Your Secure Accounting Job

Posted on by Martina Quinn
The market is an accounting jobseekers market right now
The market is a jobseekers market right now

Why didn’t you change your accounting job this year? What is preventing you from seeking out a new position that better satisfies your needs? A position offering greater compensation, benefits, flexibility, and career prospects?

We switched from a employers to a job seekers market over the last two years. There has been a change from candidates almost being able to pick and choose where they can work. Accounting jobs are plentiful but there is a shortage of supply of fully qualified accountants.

Right now, the Great Resignation, the skills gap, and Covid’s effects are causing the personnel scarcity to spread to numerous other industries. Employers’ difficulties in hiring are not improving. Particularly for hiring managers in the finance industry, where 82% of them cite hiring accountants as their greatest challenge..

Just over two years ago we were being warned by the ERSI that we will face the largest recession in history when lockdown was being implemented. However, the post-Covid economic collapse that was expected never happened. In actuality, the opposite happened.

According to Irishjobs.ie, the job market is still expanding strongly in the majority of sectors, with job openings rising 119% on a yearly basis. All these facts lead us to ask our original question Why didn’t you change your accounting job this year? Below is our list of 8 reasons why you should change your secure accounting job.

The Skills Gap Within Accounting Jobs

The majority of LinkedIn users move jobs, companies, or industries every 4 years, making it the exception rather than the rule to stay with one for your whole career. Staying in the same role for many years often leaves employees unmotivated, uninspired and performance levels don’t reach levels required. Often accountants are over worked due skills shortages to meet the demands within the industry.

Flexible Work Options

Employers are not just expanding the work-from-home model because many employees are eager to return to the workplace. You can customise flexible work to meet your needs for a healthy work-life balance. This can range from an individualized hybrid working paradigm to working periodically during the year from a different country.

Employers are paying closer attention to what their employees require. And instead of the conventional expectation that individuals fit their lives around their job duties, they are enabling people to fit their work around their lives.

Increased Annual Leave Days

Many employers are providing more days off for their staff. Some examples include having your birthday off. Multinationals such as Netflix have adopted an unlimited time off policies.

4 Day Workweek

A four-day workweek is an experiment being conducted by Kickstarter and other businesses. Employees are expected to work just as hard and will be paid equally. Trials conducted in Iceland between 2015 and 2019 revealed that production remained constant or even rose. Future-thinking companies should be open to negotiating a four-day workweek as further experiments are conducted in Spain and New Zealand.

Well-being and Mental Health

The pandemic has really brought attention to the importance of mental health and wellness. A crucial first step for managers and HR (Human Resource) is acknowledging the stress that employees are experiencing. Providing resources to assist workers in coping with burnout and other mental health concerns is also important.

Increased leave and flexibility as well as mental health treatment through wellness are crucial strategies for reducing work-related stress. Nowadays, it makes sense to have a solid wellness program that allows employees to have a better work-life balance.

Joining a gym or participating in other activities should be included of employee benefits packages. Think about your priorities and bring them up when dealing with recruiting managers or recruiters.

Access To Accounting Leadership

Employees anticipate that their profession will matter and have meaning. People who are happier, healthier, and less prone to switch roles at work are more productive.


People can better comprehend the purpose of their job by having access to leadership and decision-makers. They can also coordinate their individual ambitions with those of the businesses. It offers workers a strong sense of belonging, which raises morale, and it enables leadership to receive sincere input.

Continuous Accounting Professional Development

A business catchphrase is now “learning is a lifelong process.” The half-life of a taught talent is five years, and for good reason. As automation and the impact of technology increase, “major changes to the working environment” will occur during the next ten years and what it means for accounting jobs.


Success requires ongoing skill development. However, balancing L&D with the demands of work and life can be quite difficult. especially if workers believe the options aren’t sufficient to suit their needs.
Personalized L&D packages with predetermined time and financial budgets are less of a perk and more of a need. Especially for businesses trying to hire and keep talented, engaged, and motivated staff.

Family Care

Women make about 80% of people exiting the workforce. The quantity of household and childcare work that women are expected to perform after working a full day at the office is one of the key contributors.
Employers looking to retain this talent or attract women who are on the verge of quitting their jobs can provide family-related benefits.

Consider these three crucial areas: childcare support (whether financial or time-related). giving upskilling more time to resume their work after a break equal parental leave for men and women would level the playing field.

Stock Purchase Options

An established business with consistent development and obvious career advancement offers a sense of long-term security that a start-up simply cannot match.
Thomas Jefferson is credited with saying, “With great danger comes great profit,” though. It takes a strong person to take the risk of joining a newly founded firm with enormous aspirations, endless possibility, and an uncertain course.

However, especially in terms of stock options, the rewards might be amazing. a benefit that many start-ups provide since they lack the resources and infrastructure necessary to compete with well-established companies.

At least three Irish start-ups have become unicorn billion-dollar businesses in the past two years. Others have been bought and sold for millions of dollars. Investing in one of these businesses early could result in financial success. Whatever happens, it will be a challenging experience.

To Summarise

When it comes to negotiating new employment in a new accounting job, candidates are at a distinct advantage due to the spike in job advertising and lack of applicants. The epidemic has altered an employer’s overall approach to several facets of work, including flexibility, wellness, and learning and development. Employers will need to use more innovative strategies to draw in and keep talent given that over 41% of workers worldwide are considering leaving their jobs.

Workers are in a distinct position, especially those with experience in industries with high demand. Don’t let worries or preconceived notions prevent you from exploring what is possible in the modern workplace.

Need Some Help?

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide. Our teams have extensive experience (67 years combined) in recruiting in the Irish Market. We help you find the right accounting job that matches your experience and needs.

Our leading finance recruitment agency is based in Limerick, and we have excellent accounting and finance jobs in Limerick, Clare, and Tipperary. Check out some of our roles in our job portal.

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.

Newly Qualified Accounts Are Earning More From Their Accounting Jobs

Posted on by Martina Quinn
Newly Qualified Accounts Are Earning More From Their Accounting Jobs
Newly qualified accountants are earning more

A recent survey published by Chartered Accountants Ireland shows that newly qualified accounting jobs have increased by 3%. This is up 6% percent from the previous year. Newly qualified chartered accountants receive on average a base salary of €58,967, car allowance, plus a bonus.

Increase in Accountant’s Salaries

Accountants salaries are rising in their accounting jobs
Accountants salaries are rising

Most members stated that their total remuneration has increased by 86% in the past three years. 37% of respondents, or more, reported that their wage has increased by more than 25% this year in their accounting jobs.

A pension is available to 88% of members, up from 85% in 2021 and 2020, with companies paying an average of 9% of members’ salaries. The pension contribution is the component of their compensation that 51% of respondents value the greatest after their base pay.

Accounting Jobs Bonus Expectations

67%) stated they anticipated receiving a bonus this year from their accounting job
67%) stated they anticipated receiving a bonus this year,

Despite the fact that fewer chartered accountants (60%) compared to (67%) stated they anticipated receiving a bonus this year, the study indicated that members’ outlooks were more upbeat than in recent years.

Approximately 83% of Chartered Accountants Ireland members stated they anticipated a rise in their overall compensation during the upcoming year, with nearly a fifth (18%) anticipating an increase of more than 10%.

Four in five accounting respondents (79%) think the market will continue to grow, which is a big improvement over 2021 (67%) and 2020 (25%) when the Covid-19 pandemic first appeared.

“This year’s survey shows a number of very positive market trends. It points to continued strong earning prospects for Chartered Accountants working across Leinster, including for newly qualified members,” said Ann Marie Costello, chairwoman of Chartered Accountants Ireland Leinster Society.

“While expectations around bonus payments have fallen back somewhat, overall remuneration packages are rising across the board, and the vast majority of those surveyed remain confident that salaries will increase again in the year ahead and that there is buoyancy in the market,” she said.

Flexible & Hybrid Working in Accounting & Finance Jobs

Work from home options are more common in accounting jobs
Work from home options are more common in accounting jobs

The study also captured a broader trend toward flexible and hybrid working arrangements for accounting jobs. The most common option was a hybrid arrangement, which 73% of members said their company supports, while 13% of members work from home full-time.

A healthy work/life balance is supported by their employer, according to almost 80% of respondents, in a non-monetary way by allowing them to work from home. 36% of Chartered Accountants Ireland members claim they are working more hours at home than when working in the office, down from 48% in 2021.

A healthy work/life balance is supported by employers, according to 4 out of 5 members, in a non-financial way by allowing employees to work from home.

Martina Quinn Managing Director Martina Quinn Finance Recruitment said “The findings from this survey indicates that employers have adapted well to new ways of working. We are seeing this in the market as many of clients are offering remote working and hybrid working models for accountants and finance professionals. Its also reassuring to see newly qualified accountants being offered great packages after years of study and working to become qualified. Once again, we are seeing these excellent packages being offered to our newly qualified candidates regularly”

Enhanced Accounting and Finance Skills

Working from home has improved accountants skills
Working from home has improved accountants skills

The survey also identifies some of the beneficial and long-lasting effects that the pandemic had on accounting jobs:

According to 3 out of 4 respondents, the pandemic has not fundamentally altered their employment as a chartered accountant in their organization, but rather improved methods of operation and skill sets.

3 out of 5 people think that switching to remote work has improved their ability to communicate with others in their organization and improved their performance in their accounting jobs. More than half (53%) claim that switching to remote working improved their IT and finance software skills and 50% claim that it boosted their presenting skills.

Huge Opportunities in the Accounting Jobs & The Finance Jobs Market

The outlook for accounting jobs is very positive
The outlook for accounting jobs is very positive

The survey conducted by Chartered Accountants Ireland reflects what we have been experiencing in the market. Newly qualified accountants are being offered some great packages which consist of excellent salaries and benefits. One of which is work from home and hybrid working options which would never be on offer to accountants.

Employment for accounting and finance professionals is projected to grow. The demand for accountants in Ireland is on the rise with the following sectors experiencing growth in 2022:

  • Practice, audit, tax, advisory, corporate finance
  • Pharmaceutical and healthcare
  • Technology and fintech
  • Financial Services/Insurance
  • FMCG and transport
  • Energy

Our Solutions

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide. Our teams have extensive experience (67 years combined) in recruiting in the Irish Market.

Our leading finance recruitment agency is based in Limerick, and we have excellent accounting and finance jobs in Limerick, Clare, and Tipperary. Check out some of our roles in our job portal.

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.

What Separates Good Accountants from Great Accountants

Posted on by Martina Quinn
Accountants are considered essential cogs in the wheel of an organisation as they are responsible for variety of tasks inside a business.
Accountants are considered essential cogs in the wheel of an organisation as they are responsible for variety of tasks inside a business.

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.

Attention to detail is an important trait for an accountant to have
Attention to detail is an important trait for an accountant to have

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.

Practical

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.

Reliability

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.

Reliability is an important trait for an accountant to have
Reliability is an important trait for an accountant to have

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.

Leadership

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.

Being organised is hugely important to an accountant and finance professional
Being organised is hugely important to an accountant and finance professional

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.

Communication Skills

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.

Time Management

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.

Being able to perform and work to deadlines is a must for finance ang accounting professionals

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.

Conclusion

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.

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide,
Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide,

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.

Our Solutions

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.

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