Accountants do more than crunch numbers. You do so much more than prepare tax returns or balance sheets. You are also responsible for creating financial strategies and driving process improvements for the organisation you work for.
But there’s the issue of time. A huge chunk of your day can be consumed by manual tasks. These low-impact processes like reconciling accounts and data entry. Because of this, you may not have enough time left to analyse data and do client-facing tasks.
Data shows that many accountants are buried in workflow that causes a negative impact on productivity
Automate Accounting Tasks
Improving productivity can improve the quality of your work (and life in general). You can’t help if there are tons of stuff to work on but you can always find ways to make work easier (and more enjoyable). Automating the manual tasks is one of the many ways to be more productive at work.
There are so many accounting technologies out there that can significantly reduce the amount of time you spend on transactional activities, leaving you with more time for data analysis, reports, and meetings with clients.
Taking steps like this will enable you to become more than just an accountant, it makes you exceptional because you can provide more value for clients. You can shift your focus to providing strategic guidance to clients. You can:
- Identify cost-saving opportunities
- Improve internal processes
- Derive insights from data collected
- Arrive at important financial decisions
- Provide sound financial advice
Qualities Of An Exceptional Accountant
It’s not enough that you know how to extract data. To become exceptional, you need to learn how to turn data into insights that will serve as the foundation of success-driving strategies for your clients. Accountants of the future will need to possess both theoretical and practical understanding of data and analytics.
An important part of an accountant’s job is to communicate with clients. Remember that not all clients may be financial savvy so you have to make sure that clients perfectly understand what your data says—in a language they understand.
Effective communication will make this possible.
Communication can also be translated when working with data. Once you’ve extracted data and analysed them, you have to translate those insights into documents. The ability to convey those clearly and concisely can mean the difference between a mediocre and exceptional accountant.
This might come as a little surprise because accounting deals with numbers and data. Where does creativity fit in the picture? Accountants can face various challenges and there are times when finding the solutions to the most difficult problems requires one to think outside the proverbial box. This is where being creative can come handy.
Relationship building is an important aspect of maintaining client relationships. Accountants can no longer hide behind their desks. They need to be out there, talking to potential and existing clients to get more business.
Talking to clients more regularly can lead to more business
Cultivating relationships is essential to becoming exceptional. That’s why accountants need to learn how to deal with people—both clients and team members.
Companies will naturally want to work with accountants who display these qualities. They want accounting professionals who are forward thinkers and possess the skills that will drive success.
Accountants who know how to cultivate right relationships and solve complex problems are the ones that can help firms enhance capacity and scale the business.
If you are an accountant looking for personal and professional growth, join us at TOA Global. Check out the list of job openings and APPLY HERE.