12/08/2021

Categories: Accountancy, Undergradute

Why the World Needs Small Business Accountants

The world needs accountants more than ever…you can still apply for accounting and finance courses through Clearing!

Today is the start of Clearing and if you havent applied for your dream course, you can use the University of Boltons Clearing website to find the right degree for you. Our undergraduate accounting programmes are among the best in the UK, and there are still spaces left at The university of Bolton.

We’ve been in the Top 2 in the UK for Student Satisfaction in Accounting Courses* for the fourth year running, and we’re also a Gold Partner of the Association of Chartered Certified Accountants (ACCA), offering the highest quality education for progression into chartered accountancy.

Here are the reasons why small business accounting is a fantastic career path to pursue.

Small business accounting is needed for recovery

While finance experts are required across every type of business, small business accounting is a field of accounting that will be hugely important in the coming years. As companies navigate the road to post-COVID recovery, they will need guidance and support.

Top graduates will be in demand, as organisations in every sector look to reassess their finances, explore new opportunities, and find ways to rebuild. Accountants and small business finance advisors will be there to help the economy adapt and thrive in these challenging times.

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Digital skills are essential for growth

The importance of accounting is evident in the digital age, with technology shaping expectations of how things are done. Accountancy graduates with digital skills are essential for small business growth and transformation.

Flexibility, agility and efficiency are now the core focus for small-to-medium businesses, and there are huge opportunities with machine learning and Big Data. In order to gain a competitive edge, organisations will need to embrace these technologies, but they will also look to invest in their human workforce. 

Startups and freelancers are on the rise

We’re living in the golden era of startups, and the pandemic has further fuelled global entrepreneurship, with a huge surge in new company formations since COVID-19 according to a Financial Times report.

But the rise of freelancers and self-employed workers was a rising trend even before the pandemic, and this has created an increasing demand for small business accounting experts and advisors.

For small businesses in the midst of scaling, or busy consultants having to take on contractors to help them carry out services for clients, having a dedicated accountant is the key to success. Scaling companies are already very time-poor, so they will rely on their accounting provider to deal with all the financial aspects that they don’t want to get bogged down with.

At the same time, small businesses can be cash-strapped. This creates a growing need for portfolio accountants who charge by the day, or by the hour. For accountants with a number of clients, this can be a very lucrative career path.

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Global expansion is easier than before

Thanks to digital technology, it’s now easier than ever to conduct business abroad, creating a world of opportunities for international expansion.

Globalisation is the process by which the world is becoming increasingly interconnected through trade and cultural exchange, and it’s happening right now. By opening up new distribution paths and business prospects, many small businesses are able to experience rapid growth.

This means international accountancy skills will be vital in ensuring companies enjoy a smooth transition as they widen their global reach. So finance graduates with an understanding of global finance will be best placed to support these organisations.

Ready to kick-start you career in small business accounting? The University of Bolton puts students, and their needs first, and provides a friendly and supportive learning environment so you can reach your potential.

Our courses still have places available. To find out more about applying through Clearing 2021, head over to the University of Bolton Clearing website.

Or if you have further questions, call our dedicated Clearing number +44 (0)1204 896936 to talk to a member of our team.

* Complete University Guide in 2022, 2021, 2020, 2019 - North West Region

No courses found

BA (Hons) BA (Hons) Accountancy
Full-time
Mode of study
3 years
Duration
104
UCAS Points

University of Bolton

BSc (Hons) BSc (Hons) Business Management (Finance)
Full-time
Mode of study
3 years
Duration
104
UCAS Points

University of Bolton

BA (Hons) BA (Hons) Accountancy with foundation year
Full-time
Mode of study
4 years
Duration
48
UCAS Points

University of Bolton

BSc (Hons) BSc (Hons) Business Management (Finance) with foundation year
Full-time
Mode of study
4 years
Duration
48
UCAS Points

University of Bolton

BSc (Hons) BSc (Hons) Business Management (Finance) top-up
Full-time
Mode of study
1 year
Duration

University of Bolton

MA MA /MSc Professional Practice (Specialism)
Full-time
Mode of study
12 months
Duration

University of Bolton

MA MA /MSc Professional Practice (Specialism): Extended
Full-time
Mode of study
18 months
Duration

University of Bolton

MSc MSc Accountancy and Financial Management
Full-time
Mode of study
18 months
Duration

University of Bolton

AdvDip(CPD) AdvDip(CPD) ACCA Strategic Professional Level
Full-time
Mode of study
1 year
Duration

University of Bolton

BA (Hons) BA (Hons) Accountancy
Part-time
Mode of study
4.5 years
Duration
104
UCAS Points

University of Bolton

BSc (Hons) BSc (Hons) Business Management (Finance)
Part-time
Mode of study
4.5 years
Duration
104
UCAS Points

University of Bolton

BSc (Hons) BSc (Hons) Business Management (Finance) top-up
Part-time
Mode of study
1.5 years
Duration

University of Bolton

MA MA /MSc Professional Practice (Specialism)
Part-time
Mode of study
24 months
Duration

University of Bolton

MSc MSc Accountancy and Financial Management
Part-time
Mode of study
2 years
Duration

University of Bolton

PD PD ACCA Applied Skills
Part-time
Mode of study
18 months
Duration

University of Bolton

AdvDip(CPD) AdvDip(CPD) ACCA Strategic Professional Level
Part-time
Mode of study
2 years
Duration

University of Bolton

BA (Hons) BA (Hons) Accountancy
Full-time
Mode of study
3 years
Duration
104
UCAS Points

Regent College London

BA (Hons) BA (Hons) Accountancy with foundation year
Full-time
Mode of study
4 years
Duration
48
UCAS Points

Regent College London

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