Pros and Cons of Accounting

If you’ve read the title already, we are going to be going over the pros and the cons of working in accounting.

In addition, I’m currently working in operations accounting, and for those of you who don’t know what kind of an operation accountant does.

I have about four different clients I work in the private equity industry so a lot of investing a lot of investors. I do much of their accounting their financial reporting.

Pros of Accounting:

So yeah, I think it’s interesting but I’m going to kind of get into the pros and cons when it comes to accounting.

If you’re thinking about going into the industry may be some things to look out for things to keep in mind when going into the industry and then also some pros that I personally enjoy.

Is Accounting Stable?

• My first pro for the accounting industry is that it is stable and it is growing.

And when I say that it is stable and growing, I mean that no matter what happens with the economy I know like when the economy crashed back in 2008 a lot of people who were in finance lost their jobs.

Is Accounting Flexible?

• The Second pro to working in the accounting industry is that it is flexible.

When I say that accounting is flexible, not flexible when I say accounting is stable and growing, I mean that no matter what business or industry that you’re in companies need accountants.

Pay in Accounting?

• My third Pro to working in the accounting industry as that pay is stable.

But when you go into accounting you keep in mind that you are starting at a lower spot on the hierarchy so if you’re not going to be making as much as someone who’s been working in accounting for 10 or 15 years but counting is stable.

Accounting is needed. It’s necessary so people are willing to pay accountants a good sum of cash.

Is Accounting Interesting?

• My fourth pro to accounting is that accounting can be interesting.

Cashflow in Accounting?

• The Fifth and final pro to working in the accounting industry is that it teaches you a lot about the back-office operations of a company.

Like my old accounting professor always used to say accounting is the language of business every business you see from you know the small little bakery down the road to a really well-known boutique to even Walmart they all have accountants and they all have accounting.

And when you work in accounting you learn all about cash flows financial reporting you learn a lot about back-office operations.

Cons of Accounting:

I’ll get into that later on when I go with the cons but accounting can be interesting of course there are those things that I do day-to-day that you know to get really repetitive and they can kind of be annoying.

But I feel like with any job you’re going to have those things that you have to take care of each and every day that not everyone wants to do and it is kind of annoying to do but there are days where there’s nothing but learning.

I’m going to be a good aim to some of like the cons of accounts and some things if you’re are planning and going into accounting you might want to keep these things in mind.

I’m also going to do five of these cons.

Traveling in Accounting:

• So, the first con is and it just depends on what kind of person you are in the traveling.

Now I personally don’t like traveling I don’t travel for my current job but this is more common in public accounting.

When you’re an audit and stuff you will travel and you will travel Monday through Thursday or even like through the weekend.

It just kind of depends on who your client is but there it is very common when you are in public accounting to travel and a lot of people that work in public accounting, usually will only work there for like two to three years because the traveling gets to be a lot especially during the busy season.

Accounting a boring job:

• So, the second con that I have on my list is that not specifically for me but some people think it is boring.

A lot of accountants will tell you that it is boring and I can tell you that there are certain tests that I do throughout the day that are boring and tedious and like they literally just drag on and like I do not look forward to doing any of them.

But like I said there are still really interesting parts of it that you can learn from and take away from and apply later on it in your work.

Is Accounting job High-Stressed and Busy?

• The third con and I have two words for your busy season.

I can’t describe to you guys how out of the whole entire year these four months January through April are probably the most stressful the most like you know like high-stress environment months of my life.

I feel and this is like the reason that it’s good too because it, since it is busy as the weeks, do you go by fast but you also still have a high volume of work.

You need to get through so like just sitting at my desk and going through all this work can be extremely stressful and I do find myself working on some stuff on the weekends on Sundays and stuff so that’s just something to keep in mind that like there are four months out of the year that most likely you will be busy.

And it just kind of depends on what kind of accounts you are in so people have quarter-end busyness other people have just the busy season for me. I wouldn’t say so much quarter end is busy I say more than like tax season which is January through April is busier for me.

• So, my fourth con for accounting and working in the accounts industry kind of goes with con number three, and this is that it can be stressful

Sometimes you have deadlines especially in the environment that I work in I’m in a client-based environment so anything the client. Once the client has a deadline of the seventh of the month you need to have that stuff done by the seventh of the month.

Even if you need to put in more hours during the week so it definitely can get stressful especially this time of year which is currently February of 2020.

Learning Curve in Accounting:

• And then my fifth and final con is that there is definitely a learning curve in accounts.

I feel like there is definitely a learning curve in any kind of job no matter what field you’re in that you go into you’re always going to have a learning curve.

There’s always going to be a time period where you have absolutely no idea what you’re doing you feel like you’re asking stupid questions and there are really no stupid questions.

Coming out of college and going into accounting was definitely terrifying for me for the first couple of months. I literally there was times where I thought I was literally getting fired for making a silly mistake which if I thought about it know it’s like its spelling mistakes, you’re like.

Why did I think that I was going to get fired for that but something I do once you guys take away if you are interested in going something?

I do want you guys to take into consideration if you do plan on going into accounting is it is a learning curve and people around you know that you’re new they know that you don’t have much experience in accounting.

Maybe you’ve had a couple of internships over a couple of summers but you really haven’t doped deep into what your actual role is going to be. Yet so just understand that people know that you’re new and that you’re learning and you’re going to have questions it’s totally natural because everyone that you are working with right now was once in your position so they should be understanding.