Bookkeeping is Booming!

If you have a passion for financial management, there’s never been a better time to start (or enhance) your training in bookkeeping or accountancy. Across the UK, bookkeeping is booming.

So, what is driving this surge in demand for bookkeeping and other financial services?

Historically, bookkeepers and accountants have enjoyed excellent job stability, even during times of austerity. Moreover, as the recession reaches new heights, there has never been a bigger demand for bookkeepers and accountants (being required to handle insolvencies and bankruptcies). Moving forward, the long-awaited economic recovery will undoubtedly lead to an increase in jobs for those providing financial services.

Even during dark economic times, the stark reality is that you will still need bookkeepers and accountants. Whether they’re focussed on cost-cutting or reducing staff during the recession, bookkeepers and accountants with strong resource planning and change management skills will become more in demand as the economic downturn shifts and businesses start to grow once again.

The proliferation of online businesses has resulted in an explosion in the number of small and micro businesses present in the UK today. Anyone with an idea and an internet connection who is willing to put in the hours can open up a small business.

It is a legal requirement in the UK for a business to keep accurate, up-to-date records regardless of size. Moreover, failure to do so can result in fines and even imprisonment for serious offenders. As most small business owners are far too busy (or lack the knowledge) to attempt to balance their own books, this has led to a greater demand for bookkeepers and accountants.

In the corporate world, bookkeepers and accountants are now being viewed less as pencil pushers or number crunchers, but more as an essential part of a business’s planning and strategy team.

Within the UK, businesses are facing much tighter regulation than ever before, most notably when it comes to tax law.

Employing skilled bookkeepers (or outsourcing the role) is therefore essential to many businesses.

To summarise, if you decide to pursue a career in bookkeeping or accountancy, you might be pleasantly surprised to find how much work there is available.