Do you think that accounting is a boring job? Are all accountants experts in math? Is it necessary to hire an accountant for freelancers and small businesses? There are myths associated with every profession. But if they remain unaddressed, people start taking them as facts. Let’s learn about some common misconceptions regarding accounting and their reality.
- Accounting is boring
The history of accounting is thousands of years old. It makes people assume that it is a boring and dusty job. But once you understand that accounting is a profession that helps other businesses to expand, you will start loving it. Some of the most interesting accountant jobs include sports accountant, entertainment accountant, and fashion accountant.
- Accounting is just bookkeeping
This is one of the biggest misconceptions about accounting. The truth is that accounting is not only bookkeeping - bookkeeping is an element of accounting. Bookkeeping is the recording of revenue and expenses for a business. Accountants analyze past records of the business to make plans for the future.
- Accountants need to be experts in math
If you want to make a career in accounting but you don’t like math, then here is good news for you: you don’t have to be a math genius to become an accountant! Just adding, subtracting, and basic algebra is enough for this profession.
- Professional accounting is not necessary for business growth
If you are a small business owner and you think hiring an accountant is just an extra expense, you may be wrong. Keep a budget for an accountant; getting professional help will lead you to great results in the future. This column should have dispelled some of your misconceptions about the field of accounting. Most people think that hiring an accountant consultant for freelance workers and small businesses is a waste of money. But actually, accountants can help you to imagine and make real the future of your business.
