10. Washington, D.C. Washington, D.C. has a higher cost of living than other cities on the list, but it also has a lower unemployment rate than other major metro areas. The average salary for an accountant in the area, adjusted for cost of living, is $46,760. Of every 1 million job postings in Washington, D.C., approximately 11,272 relate to accounting. 9. Detroit, Michigan Detroit is well known throughout the country for its heavy production of automobiles. Although it’s a large city, the cost of living in Detroit is fairly reasonable. It ranks at nearly 79 on the national cost of […]

Among these is artificial intelligence, or AI, which has permeated nearly every industry, including accounting. Writing for the Motley Fool, tech specialist Andrew Tonner reveals a projection that 85 percent of customer service interactions will occur between customers and chatbots by 2020, based on Gartner research. Because of its ubiquity and usefulness, a Bank of America report estimates the economic impact of AI to be an increase of between $14 trillion and $33 trillion. If you’re bold in embracing the technology’s potential, automation and AI can help you drive decision-making and high-level operations strategy in bookkeeping and invoicing. It’s anticipated […]

What is integrity? A contributor for Forbes wrote, “Integrity means doing the right thing at all times and in all circumstances, whether or not anyone is watching. It takes having the courage to do the right thing, no matter what the consequences will be.” You might not often think of integrity when you are looking for a job. It could be easy to assume that potential employers will trust that you are honest and that you will take care of their finances with adherence to the highest moral standards. However, they may not take for granted that you have good […]

As a new professional preparing to enter the field of accounting, you’ll find that a key part of moving forward is obtaining new skills, designations, and specialties. Pursuing accounting certifications can help you advance your career, increase your marketability when seeking a promotion, and lend credibility to your qualifications in a competitive professional landscape. However, most accounting certifications require comprehensive preparation and qualification exams. Since they take quite a bit of effort, it’s wise to take some time early on to determine which certifications best match your skill set and career goals. That way, you can focus your preparations and […]

Communication is essential no matter what career you find yourself in, but it’s especially crucial for those in the business world. Tomorrow’s accountants can learn the fundamentals of communication in order to be successful in their career and stay relevant in this ever-growing industry. What Constitutes Effective Communication? Having good communication skills means relaying your message to others in the clearest, most concise form possible. An accountant who exhibits poor communication can reflect negatively on the firm or company they are representing. A lack of communication can also lead to frustrated or even lost clientele. In the worst-case scenario, an […]

According to a PricewaterhouseCoopers (PwC) survey of 5,500 millennials, all born between the early 1980s and mid-1990s, only 24 percent of respondents demonstrated adequate financial knowledge. Almost 30 percent of millennials have overdrawn their checking accounts, demonstrating financial fragility, and more than 80 percent have one or more forms of long-term debt. The PwC report suggests that millennials have less financial literacy than earlier generations. While the reasons for this decline aren’t clear, the PWC indicates that people in this age classification aren’t satisfied with their current financial situation, which makes financial literacy so important. As you work toward your […]

As a current bachelor’s of accounting student or recent graduate, it’s important to stay focused on mastering the necessary skills to succeed in accounting jobs. Accounting technologies are always changing, but the basic skills expected of professional accountants remain the same. Even for accountants who have studied at the best accounting universities in the country, subject knowledge is much less effective without the ability to communicate, utilize the latest digital tools, and have an appreciation for work ethics. Here are seven of the most important skills that can help you be an excellent accountant. Adaptability Few industries are as dynamic […]