Part-time Accounting is the Accounting work that you do not do on a full-time basis. You do this work when you have free time from your main line of work. Here are some of the reasons why part-time Accounting can be right for you:
- Acquire new skills
- Test the Accounting career path
- Earn an extra income
- Flexibility
- Build your reputation
- Make an impact
Acquire New Skills
When you do part-time Accounting, you can acquire new skills as you go about your duties. Here are some of the skills that you can earn:
- Communication skills
- Time management skills
- Computer skills
- Numeracy skills
Test The Accounting Career Path
When you do part-time Accounting, it can be a way of testing whether the Accounting career path is the right one for you. You may like it to such an extent that you can begin to consider taking up Accounting work full-time.
Earn An Extra Income
By doing part-time Accounting work, you also earn extra income.
Flexibility
Part-time work gives you time to pursue other interests, which can be any of the following:
- Full-time employment
- Running a business
- Committing time to the family
- Further studies
Build Your Reputation
Doing part-time Accounting work can be a way to build your reputation in the profession. This is important if you are considering taking up the profession full-time. Besides building your reputation, you also gain experience in the profession.
Make An Impact
You can make a great impact during your part-time Accounting work, such that you will be sought after by either the company that you are working for or the clients that you are serving.
What Is The Role Of Part Time Accountant?
Here are some of the duties of part-time Accountants:
- Review financial transactions to ensure accuracy
- Verify financial transactions to ensure accuracy
- Ensure all financial reporting is suitably compliant with regulations
- Perform quarterly audits
- Assist with the payroll
- Verify business expenditure reports
- Assist with the budget
How Do I Get Into Part-Time Accounting With No Experience?
Part-time Accounting can help you gain experience in the Accounting profession. Here is the process that you can follow:
- Acquire Accounting Qualifications
- Gain experience
- Network effectively
Acquire Accounting Qualifications
Your first step will be to acquire your Accounting Qualifications. Here are the ICB Financial Accounting Courses that you can study in succession to become an Accountant:
- Bookkeeping: ICB National Certificate
- Bookkeeping: ICB FET Certificate
- Technical Financial Accounting: ICB National Diploma
- Certified Financial Accounting: ICB National Diploma
Gain Experience
After you have acquired your Accounting Qualifications, you can gain experience as an Accountant through the following:
- Volunteering – You can volunteer your Accounting services to a charity or community group. In the process, you will be gaining experience.
- Internship – An internship is short-term work experience offered by companies and other organisations for students, to get some practical work experience in a particular industry or field
Network Effectively
After acquiring some experience, you may consider networking with other professionals or professionals within the Accounting field. One way of networking with other professionals in the industry is to become a member, of Accounting professional bodies.
Here are some of the professional bodies that you can consider becoming a member of:
Is Part-Time Accounting A Good Career?
Yes, Part-Time Accounting is a good career, here is why:
- It is flexible
- Above-average financial rewards
- Work for any industry
- Work anywhere
- Gain skills
Flexible
When you are in part-time Accounting, you have flexibility in terms of the following:
- You can determine your hours of work, especially if you are working for yourself
- If you are working for yourself, you can set your own hourly rates
- You can choose which part of accounting you want to specialise in, for example, any one of the following:
- Cost Accounting
- Auditing
- Taxation
- Management Accounting
- Bookkeeping
Above-Average Financial Rewards
Working as a part-time Accountant can be financially rewarding. Here are the hourly rates that an Accountant can charge. The average hourly rate for an entry for a part-time Accountant salary in South Africa is R 126 per hour. Those with 4 to 9 years of experience can charge an average of R 200 per hour.
Part-time Accountants with more than 20 years of experience can charge an average of R 2 835 per hour.
Work For Any Industry
As a part-time Accountant, you can work in most industries. Every business needs an Accounting service for it to have its finances in order. This means that you can work in industry, commerce, Government and Not-for-Profit organisations
Work Anywhere
As a part-time Accountant, you can also work anywhere in the world. ICB Qualifications are internationally recognised. With online work becoming more popular, you can also search for Accounting part-time work opportunities online. Here are some of the sites that you can use to search for part-time Accounting work:
How Do You Know If You Want To Be An Accountant?
Here are some of the signs that can show you that you may enjoy a career in Accounting:
- You want a rewarding career
- Figures are your cup of tea
- Job security is a priority to you
- Your skills are on demand
- A career with opportunities for advancement
- You think you might like to be an entrepreneur
- You have a great eye for detail
- Continuing education appeals to you
Where Can I Study Accounting?
You can study Accounting at Matric College. We are a distance learning institution. With distance learning, you do not have to attend any classes. You will study anywhere you may feel comfortable. Here are other reasons you should consider studying through distance learning:
- Cut cost
- There is flexibility
- Gain skills
- Reduce chances of contracting COVID-19
- Work and learn at the same time
Cut Cost
When you study through distance learning, you can save money. Here is how you will save money when you study through distance learning:
- There is no need to buy textbooks since Matric College will provide you with textbooks. This is in addition to study notes and other learning material such as study calendars
- Save on commuting costs since you do not have to travel to classes
There Is Flexibility
There is flexibility when you study through distance learning. Here is how distance learning can be flexible:
- You can study anywhere you want
- You study at your own pace and write the exams when you are ready
- You set up your own study timetable
Gain Skills
When you study through distance learning, there are certain skills that you can learn. This is because you will have to manage your studies on your own to a large extent. Here are some of the skills that you can gain:
- Communication skills – When you communicate with your fellow students, College staff and tutors
- Time management skills – When you manage your time. As you are responsible for your own studies, making you more self-disciplined.
- Computer skills – Distance learning colleges are increasingly utilising online tools through:
- Electronic mail
- Matric College website
- Telephone
Reduce Chances Of Contracting Covid-19
Since you will not travel for classes, you reduce your chances of contracting the COVID-19 virus. The virus is spread through contact with an infected person. You will not be in contact with students, tutors and the public as you would when you travel for in person classes.
Work And Learn At The Same Time
You can study at Matric College and learn at the same time. If you are already working, there will be no need to quit your job. You can search for employment opportunities even when you are studying. Working in an environment where you will practise Accounting can be to your advantage.
Should I Choose Part-Time Accounting?
Working part-time can be a great opportunity for you. This is a decision based on:
- Where you are in your career
- How you like to work
- The amount of time you have
- The salary that you would like to earn
Make the decision based on your needs. Start your Accounting career at Matric College today!
Author: Collin Wilbesi
Editor: Sive Ncanywa
Date: August 01 , 2022