We all need help looking after our money, whether we fit in the category of the remarkably rich, the entrepreneur starting a new business or the student who got into debt by staying in full time education. If you like the idea of providing careful planning and constant attention to an individuals’ or company’s bank balance and want to follow a career path where the higher you go, the more money you earn, then consider an accounting apprenticeship!
Businesses have to cope with a variety of financial activities going on around them and need the assistance from accountants to deal with things like expenses, revenues, bills and taxes, which also applies to many individuals. An accounting apprentice could be managing the finances for a diverse number of businesses – a large organisation, a retail store, a charity, a football club or even the government.
During this apprenticeship you will learn how to balance accounts, process payments and invoices, complete VAT returns and prepare financial reports. Depending on where you work, you could specialize in one area such as sales, and do all these tasks in addition to others. Most apprentices qualify as accounts assistants, credit control clerks, accounts clerks, or finance assistants – they all help accountants to manage financial records and prepare accounts.
When you complete the apprenticeship you can opt to go on to an Advanced Apprenticeship, in order to obtain the necessary foundation to complete a professional accountancy qualification with a membership organisation like the ICAEW, ACCA, CIMA or CIPFA: these can lead to a specialist role in accounting- and consequently, more money!
In order to succeed you will need to be good at maths, have an understanding of financial terms and have good IT skills (especially with spreadsheets). Someone who works in accounts needs to be a trustworthy person as they may be dealing with confidential and sensitive information. Taking an interest in up to date financial industry news is also well advised as you do not want to be advising anyone with the wrong decision if the current economy suggests otherwise. It is also equally as important to be good with people and enjoy the challenge of helping others achieve their financial goals.
If you think this is the type of role you would like to pursue then check out the latest available opportunities at notgointouni.co.uk – they offer a wide range of apprenticeships in addition to many other routes to a successful career.
notgoingtouni helps young adults with their future by highlighting jobs and training that are available outside of university. There are several accounting apprenticeships currently available as well as free career guides and over 300 videos on distance learning, foundation degrees, gap years, voluntary work and advice on getting a sponsored degree.