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In-Demand Accounting Skills

The job market for accounting professionals is hot. But if you want to land the best jobs, you need to demonstrate the in-demand accounting skills that make you the perfect fit. It’s not all about technical skills. Accounting managers can teach good people the basics of Excel, bank reconciliations, and accounting software, but soft skills may be more elusive. Here’s a look at the most in-demand skills that will help ensure that you’ve always got options.

Information technology

Employers today are less concerned with how fast you wield a 10-key than they are with your knowledge of accounting systems, such as QuickBooks or Xero for small business or Sage, Oracle or SAP for big industry. Advanced Excel skills are also in demand, as accountants use spreadsheets in virtually every position, in every industry.

Experience working with a particular product is great, but the ability to adapt to various software and systems demonstrates flexibility and technological aptitude.

Business intelligence

The ability to produce timely and accurate numbers is a given need in the accounting world. The real skill lies in being able to analyze financial data to uncover business trends and opportunities. The most sought-after accounting and finance professionals aggregate their knowledge of the company to turn financial data into actionable advice.

Communication

Business intelligence is useless if it can’t be clearly and concisely communicated to colleagues, clients, and regulators. Effective communication, both verbal and written, is in demand, particularly at a time when some experts believe texting and email have eroded interpersonal communication skills.

Decision-making ability

You know those perfect accounting records, where every piece of information you need is at your fingertips and every transaction is straightforward? Those only exist in textbooks. In the real world, accounting professionals deal with vague information and imprecise scenarios on a regular basis. The ability to find and interpret data to support well thought-out decisions is highly desirable in accountants.

Lenders, CFOs, and other stakeholders use accounting information to make decisions, so the people preparing those records need to know how to ask questions and gather facts to support those important decisions.

Conscientious

Accountants handle sensitive information, so they need to be conscientious and trustworthy. You may handle confidential financial records or salary information. Bosses need to know that you can be counted on to keep information private.

A tendency toward perfectionism is also a desirable trait. You will be counted on to perform a thorough self-review of all work before submission. After all, your work could involve millions of dollars. If your conclusions aren’t 100 percent accurate, the repercussions could be disastrous.

Team player

The stereotypical image of an introverted accountant spending all day socializing with an adding machine is a thing of the past. These days, accounting is very team oriented. Whether you’re working with an accounting department to prepare financial statements or spending a significant amount of time face-to-face with clients, the ability to show respect for others and work towards consensus is crucial.

Accounting is a diverse field with virtually unlimited options. Technical skills are essential, but the ability to synthesize data and communicate with others may be even more important. Get a clear understanding of what employers are looking for and think about how your skills are a match for their needs. Then, you’ll be better equipped to land the job that is the best fit for you.

Trying to figure out your next move? Check out our infographic to help you decide.

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Author

Accounting Principals

We're Accounting Principals--a leader in finance and accounting staffing. In fact, since 2010, we've been part of Adecco Group, a Global 500 company and leader in staffing services around the world. But this isn't staffing as usual. We take quite a different approach than most staffing agencies. A people-focused approach. We believe in forming real relationships with both our clients and our candidates. We want to understand the needs on both sides.

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