Accountant

What does an accountant do?

As an accountant, you will be responsible for managing finances and cash flow for the company. Duties may include using specialist software and understanding the requirements of the business you are working in. 

The job role of an accountant involves the following duties:  

• Managing cash flow
• Keeping records of all transactions
• Creating, updating and analysing spreadsheets
• Producing financial reports and profit forecasts
• Working with specialist accounting software
• Processing paperwork such as invoices and VAT returns
• Assisting with financial planning and budget control
• Liaising with external suppliers, banks and auditors
• Working in an office.

How to become an accountant

There are several routes to becoming an accountant. You can gain the qualifications you need by doing a university or college course, or an apprenticeship. If you already have relevant experience you may be able to apply directly to an employer or train on the job.

You should explore these routes to becoming an accountant to find out which is the right one for you. Whichever route you follow, you must have an interest and ability to deal with numbers.

You may need a Construction Skills Certification Scheme (CSCS) card to work on a construction site.

University/graduate training scheme

You could complete a degree in accountancy, finance, economics or another relevant subject. You will need 3 A levels (or equivalent), including maths, to do an undergraduate degree. Afterwards, you may be able to get a job on a company’s graduate trainee scheme. 

• Find a university course
• Funding advice
• Equivalent entry requirements explained

College/training provider

You don’t need a degree to become an accountant or accounts assistant. Instead, you could complete a foundation certificate or an advanced or professional diploma through The Association of Accounting Technicians (AAT). Courses take 6 - 18 months to complete.

• Find a course near you
• Funding advice

Traineeship

If you are aged between 16 and 24 you may be eligible for a traineeship. This is a short course (2 weeks - 6 months) which helps you to gain work experience in your chosen role.

• Find out more about traineeships

Apprenticeship

An apprenticeship with an accountancy firm is a good way into the industry. 

Apprenticeships are open to anyone over the age of 16. As an apprentice, you will be fully employed by your company and expected to work a minimum of 30 hours a week. Your time will be split between on-the-job experience and a college or training provider.

• Guide to apprenticeships

Work

If you have relevant qualifications and experience you may be able to apply for a job directly and continue training part-time to become fully qualified. 

You could do this with a professional accountancy body such as the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA) or Institute of Chartered Accountants in England and Wales (ICAEW).

Work experience

Work experience is essential to gaining work within the industry. This could have been gained at school or by working weekends and holidays with a company or relative who works in accountancy. Potential employers will always be pleased to see work experience listed on your CV.

• Find out more about work experience

Skills

Additional skills which may benefit anyone considering a job as an accounts assistant include:

• Analytical thinking skills
• Good grasp of numeracy
• Excellent organisational abilities.

How much could you earn as an accountant?

The expected salary for an accountant varies as you become more experienced.

• Newly trained accountants can earn from £24,000
• Trained accountants with experience can earn up to £60,000*

Salaries depend on location, employer, level of responsibility, any overtime you may do, and whether you have completed and industry recognised training route.