4 Benefits of an AAT Bookkeeping + Accounting QualificationDarryl Green
Completing the range of AAT courses is a surefire way to accelerate your career.
Studying levels 2, 3 and 4, will provide you with skills that lead to a rewarding and long-lasting career.
Here are 4 benefits that follow once you have earned your AAT qualifications;
1. Employment Opportunities
If you have a look into a career of bookkeeping and accounting, you will see there is a wide range of opportunities.
Once you achieve the required AAT level, you can pursue your career through the following fields:
Financial planners in a business, predict future financial outcomes and determine the best way to allocate a company’s financial resources to pursue the organisation’s short-term and long-term goals.
The Treasury manages the company’s funds and financial risk. It is also in their scope of work to secure the cash that the company needs to fulfil its daily duties.
Auditors are responsible for assessing operations, risk management, control functions, and governance processes.
The fraud prevention department is responsible for detecting fraudulent transactions and banking operations. Most importantly, implementing strategies to prevent these actions from causing financial and reputational damage to customers and financial institutions.
Exploring financial discrepancies and inaccuracies such as fraud, financial misrepresentations and disputes. This role involves the integration of accounting, auditing, and research skills.
Bookkeepers help track down the money that businesses make and spend. They create your accounts, document your daily financial transactions and ensure compliance with applicable standards.
Responsible for assisting the filing of financial and income tax returns. These qualified professionals investigate, study and interpret tax law. This role includes preparing payments, identifying tax savings, and analysing tax issues.
Responsibilities include end-to-end financial operations oversight, balance sheet coordination, pursuit of improved procedures and management, financial planning & analysis and any inquiries that occur.
The role of a financial analyst is to research data to identify opportunities, evaluate the outcome of business decisions and investment recommendations.
2. Globally Recognised 🌍
Accounting and Bookkeeping are skills for life. FACT!
These are two of the oldest professions, and they are advancing with technology instead of being replaced by technology. Look at Microsoft Excel, this helps an accountant – but it doesn’t replace the accountant.
AAT courses cover the analysis of data from software, in conjunction with the underpinning knowledge of accounting. This is why AAT accreditation is highly regarded all over the world. It demonstrates your ability to perform in a variety of roles. By gaining an AAT qualification, you can pursue your financial passion in any field, anywhere in the world.
Tax laws and policies vary across the world, but the principle knowledge and skills are the same. You’re prepared for all economic systems, and can grow your career no matter where you are.
AAT qualifications can open up the doors to your success!
3. Job Security 🔒
The financial industry has existed for as long as records go back, and offers great job security. Within their roles, 85% of AAT members working in the UK felt secure (2021).
Strong job security, backed by competition for qualified professionals, may be a result of the boom in new businesses. Between 2011 and 2021, there were over 100,000 new SME’s in the UK (+21%). These new businesses all required accountants and bookkeepers to operate in various roles.
Besides the demand from new companies, accomplished organisations need to modernise. This requires professionals skilled in the latest software and tax laws. Even experienced accountants and bookkeepers could benefit from studying the latest payroll and account software to improve their job prospects and pay.
This goes to show, as long as there are businesses, there will always be a need for accountants and bookkeepers!
4. What is the Pay for AAT qualified workers? 💰
AAT members who begin at Foundation Level 2 have an average income of £21,000, rising to £23,400 for those with Level 4 (2021).. What we love is, with distance learning you can earn and gain experience whilst you study further AAT courses in your own time.
Licensed AAT members who have set up their own practice, bring in an average annual income of £30,000, which rises to £52,000 for those who are purely self-employed (34% of AAT Licensed Accountants have their own practice but are also still employed).
Being able to earn whilst you learn is a huge benefit of studying an AAT course. After-all, 80% of AAT members who work in the UK agree that their AAT accreditation has increased their earning potential!
Bonus – Studying AAT
What is most essential to successful home learning? Choosing your training provider well!
Training Link, is the training provider you can trust to help accelerate your accounting and bookkeeping career.
We ensure that training materials are of the highest quality and relevance. Our in-house written textbooks have been refined by the feedback from current students. Combine this with our library of curated video content, we set up students for success. Need more proof how good we are? Check out our awards.
We have a team of tutors based in the UK who promptly answer questions by phone and email. All students’ progress is checked frequently, to ensure you’re on track to succeed with help offered where necessary. With Training Link, you won’t be alone.