accountancy skills

Skills Needed for a Successful Accounting Career

Information provided by Kidwells Accountancy on our website is for informational purposes only. For bespoke advice, call 01432 278 179 or email to learn more about what is best for your business.

An accountant is often perceived as someone immersed in number crunching, but the role extends beyond mere calculations. What truly defines an accountant’s responsibilities and skills required? 

Analytical Skills 

In the past, accountants engaged in manual data entry and spreadsheet tasks, interpreting figures afterwards. Nowadays, automation handles repetitive tasks, generating analytical data for accountants to scrutinise. Strong analytical skills are crucial for deciphering the implications of data in terms of business decisions. 


As automated processes become commonplace, accountants require strategic thinking to review reports, present data, and connect analytics to real-world decision-making. 

Business Understanding 

Developing a comprehensive understanding of the industry and relevant regulatory bodies is essential. Accountants with strong business acumen contribute to strategy development and inform key business decisions. 

Organisational Skills and Deadline Management 

Effective time management is vital, even with automated systems handling many processes. Accountants often juggle multiple projects, necessitating the ability to balance tasks, stay organised, and prevent missed deadlines to mitigate risks to the business. 

Teamworking Ability 

While accountants may often work independently, collaboration and communication within the accounting team and across the business are essential. The ability to work effectively in a team environment is crucial. 

Effective Communication and Interpersonal Skills 

Both verbal and written communication skills are indispensable in accounting roles. Accountants must present information in ways that are understandable and actionable, whether in writing or speaking. 

Customer Service 

For accountants in public accounting firms or running their own business, retaining current clients and attracting new ones is crucial. Those working within an accounting department must also meet the needs of other departments and directors. 

Proficiency in IT 

Keeping up with advancements in software, cloud computing, and automation is imperative for accountants. Confidence and proficiency in using up-to-date accounting systems are necessary. 


Accountants must possess leadership skills to make informed decisions that may not always be popular but contribute to moving the business forward. 

Adaptability and Flexibility 

Given the rapid changes in technology and regulations, accountants must remain open to change and flexible in their day-to-day approach. 

Ethics and Integrity 

Compliance with the five fundamental principles of ethics set by the IESBA (Integrity, Objectivity, Professional Competence and Due Care, Confidentiality, Professional Behaviour) is a requirement. The IESBA, an independent standard-setting board, establishes ethical standards for professional accountants worldwide. 

Contact Us

Disclaimer: Information provided by Kidwells Accountancy on our website is for informational purposes only. It is provided in good faith but we make no guarantee of any kind regarding the accuracy, reliability, or completeness of any information on our site. We always recommend businesses seek independent legal and financial advice before working with us or acting on any information on our website.

Leave a Comment

Your email address will not be published. Required fields are marked *