In 2024, accounting professions are emerging as top-tier career choices, driven by a wave of transformative factors such as enhanced accounting software, cutting-edge data technology, and the widespread integration of automation, big data, blockchain, and artificial intelligence. This technological renaissance is not only altering the fundamental landscape of accounting but also presenting new challenges, particularly in the realms of compliance and cybersecurity.
In this environment, accounting professionals are urged to be proactive by staying informed about the latest industry trends and continually upskilling their technological skills.
The key to success in the coming year lies in understanding the best accounting positions, having insight into the projected salaries shaping the industry in 2024, and identifying the top industries actively seeking skilled accounting professionals.
Embracing the rapid digitization within the accounting field is pivotal for those aiming for success in 2024 and beyond. In a landscape where technological proficiency is highly prized. Accounting professionals can position themselves strategically by discovering diverse opportunities and gaining insights into the trends shaping the accounting profession in the upcoming years.
Discover the best accounting job for 2024 so you can be prepared for a successful 2024 and beyond.
the best accounting jobs for 2024
Continuing ongoing global labour shortage and inflation are forcing many business leaders to impose budget constraints. The job market has shifted accordingly; accounting clerk & technician and accounts payable & receivable clerks take the top two spots on our list for 2024, indicating an increased need for accurate financial records at every level. As businesses look for ways to thrive, they're bringing on financial analysts and financial advisors to help. Other in-demand positions include accountants, accounts payable and receivable, internal auditors and controllers.
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1. accounting clerk and technician
These financial professionals support accountants with tasks such as verifying financial details, preparing reports and processing transactions. They're often responsible for creating and maintaining a filing system to ensure that financial records are accurate and accessible. Depending on the job, clerks and technicians might also assist the accounts payable team.
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2. accounts payable and receivables
These professionals specifically deal with the accounting department's accounts payable and accounts receivable functions. They handle everything from processing invoices and paying bills to tracking outstanding invoices.
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3. accounting assistants
An Accounting Assistant supports financial tasks such as data entry, invoice processing, expense tracking, and accounts reconciliation. They maintain organized financial records, assist in audits, and monitor payroll and budget.
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4. accounts payable specialists
A top accounting job is an Accounts Payable Specialist. They manage the processing of invoices, ensure accurate payments to vendors, reconcile accounts, and maintain records. They also communicate with vendors and support compliance with financial policies.
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5. billing clerks
A Billing Clerk is a top accounting job and is responsible for creating and sending accurate invoices to customers, recording payments, and maintaining organized financial records. They also handle billing inquiries, reconcile accounts, and collaborate with other departments to ensure smooth billing processes.
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6. bookkeepers
These professionals handle the financial transaction recording and preparing financial statements. Bookkeepers often handle various other accounting functions for the company, such as processing payroll, maintaining employee records, submitting invoices, paying bills and reconciling bank statements.
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7. financial analysts
Financial analysts focus on financial forecasting and providing investment advice. They often work for major investment or security firms, banking institutions and insurance companies. Still, they can offer financial advice to individuals hoping to expand their portfolios and small and mid-size businesses.
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8. accountants
Due to their broad financial knowledge, accountants are often considered the backbone of the financial department. These professionals oversee the recording of general ledger transactions to ensure accuracy and compliance with governmental and professional standards. They also handle various other duties, such as reviewing and analyzing financial statements, providing business leaders with financial advice, preparing business taxes and overseeing payroll processing.
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9. internal auditors
Internal auditors ensure that all business financial and accounting functions run smoothly. They not only help identify potential fraud or theft within the company, but they also search for any potential issues with various company practices, business processes and accounting standards and offer practical solutions.
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10. controllers
The controllers oversee all financial functions, including inventory, accounts payable and accounts receivable, and payroll, and ensure all general ledger transactions comply with governmental and professional standards.
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11. payroll specialists
This specialized accounting role solely focuses on processing payroll, including tracking employees’ work hours, vacation pay and paid time off; calculating wages and deductions; handling the direct deposit process; and submitting payroll taxes as required. These financial professionals must have experience working with various types of payroll software or services.
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accounting salaries for 2024
Intermediate positions in accounting in 2024 have an average salary of $82,900 annually. Meanwhile, entry-level professionals earn an average of $60,800 per year, while senior accounting professionals earn an average of $100,800 annually.
Curious to see what’s the average salary per region and level of experience? Download our salary guide.
top industries for accounting professionals
Accounting professionals are in high demand in nearly every industry. However, specialty sectors, such as Human Resources Consulting Services, Employment Placement Agencies, Colleges, Universities, and Professional Schools, are among the top industries for these in-demand professionals. Other leading industries for business and accounting professionals are Executive and Legislative Offices, Manufacturing, and Offices of Certified Public Accountants.
the most sough-after accounting skills
Find out what skills and certifications employers are looking for in accounting jobs in 2024. Candidates looking for a job in the accounting industry should be sure to include any of these valuable skills on their resumes.
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