Accounting jobs are always in high demand. No business organisation can function without the help of accounts professionals. When most other industries were experiencing recessions during the pandemic, the accounting industry was flourishing like never before. A recent survey shows that multiple job opportunities are awaiting accounts professionals, and the number is likely to increase in the coming years. Accounts manager has a high value among different accounting jobs. Here we will discuss the scope, skills needed and career path in this profession.
Who is an accounts manager?
An accounts manager handles the accounts of the clients within a business. They are the persons who primarily interact with the clients and take care of all their needs. They should have excellent interpersonal and problem-solving skills.
Accounts managers are often misunderstood as a salesperson. Their job role is much beyond that. Their day-to-day activities include:
- Client interaction.
- Managing the client’s budgets and proposing new investment schemes accordingly.
- Updating the clients about the latest services and projects.
- Keeping a close watch on the trends and changes happening in the industry.
- Helping in financial decisions for both employers and clients.
- Training the junior accounts.
In short, an accounts manager should function as a salesperson, technical specialist, customer service representative, and financial advisor. As an accounts manager, you will gain knowledge in different fields of accounting which will help you in the long run.
Skills required to become an Accounts Manager
Accounts Manager is a profession that demands both technical skills and soft skills. Multitasking, accuracy, communication skills, interpersonal skills, listening skills, problem-solving and decision-making skills are some of the soft skills you need to develop if you plan to become an accounts manager. You should showcase your soft skills at the interview time itself. It increases your chance of getting placed.
The accounts manager is in charge of a group of accountants. So he should have in-depth knowledge about various departments and their works. It is always better to hone your technical skills before applying for this position. Earning a bachelor’s or master’s degree in accounting, finance, or other closely related fields is always a plus point for accounting jobs. These degrees will increase your theoretical knowledge in accounting. But it is not enough in real life. You need to enhance your accounting skills before applying for managerial positions. You can acquire these accounting skills through different accounting certification programs. Some of the certification courses in accounting are discussed below.
CBAT(Certification in Business Accounting and Taxation)
Certification in business accounting and taxation is a popular accounting course nowadays. This course is a power package covering all the major topics in accounting with practical experience. It is a job-oriented course where you will learn about tax systems and different accounting softwares. Here, you will learn about GST filings, profit and loss analysis, etc. You will also become an expert in accounting softwares like Tally, Quickbooks, SAP FICO, and MS Excel.
SAP FICO is another accounting certification program that is getting a colossal market response. Every business organisation is now using the SAP FICO software, and there is a huge demand for SAP professionals. This course will make you well-versed in using the SAP software. Here you will gain both theoretical and practical knowledge along with hands-on experience.
Excel is the primary skill that every accounting professional needs to possess. Certification in MS Excel will increase your value before your employer and help you perform more efficiently. There is an introductory MS Excel course and an Advanced Excel course. You can choose them according to your need and interest.
Tally is yet another software which all accounting professionals widely use. Many versions of Tally have been introduced in the market. Tally ERP 9 is a massive hit in the accounting world. Now a new version called Tally Prime is taking over. It is an updated version of Tally ERP 9 and comes with many added features. Getting certified in Tally Prime increases your credibility and helps you achieve higher positions in the company.
Along with these qualifications, you need to have work experience in different accounting fields before becoming an accounts manager. Employers are looking for a minimum of five years of work experience for the post of accounts manager. Master degree holders will receive some consideration in this area.
Career opportunities for accounts managers
Accounts Manager is a highly regarded profession with high earning potential. Numerous job opportunities are awaiting Accounts Managers both inside the country and abroad. They can take up job roles like Client Relations Manager, Sales Manager, Account Supervisor, Business Development Manager, Customer Success Manager, etc. Although the titles seem different, they all share somewhat similar responsibilities. The slight difference in job roles will be mainly because of the various industries in which they work. The accounting certificate plays a significant role on the road to becoming an accounts manager. An accounts certification from a recognised institute will help you stay ahead.
Finprov Learning believes in creating a financially stable nation by providing financial education to its young citizens. Employers always value your skills over education. Good accounting skills will help you stand out of the crowd and land your dream job. We provide various job-oriented accounting certifications courses that enhance your accounting skills and help build a promising career for yourself. Finprov learning offers the best accounting certification courses in India. Join us and become a successful finance professional.