Technology

Essential QuickBooks Skills That Employers Value

The recruiting environment has been more unstable in recent months. 

However, the great news is that many organizations are still hiring for both on-site and remote employment, particularly in their accounting and finance departments. 

Therefore, if you have a robust set of accounting skills, you may be a strong competitor for the employment you want.

Accounting abilities are more than just the ability to crunch numbers, fill out expense reports, and depreciate fixed assets. 

In addition to traditional accounting knowledge, every accounting professional requires a set of hard and soft skills, regardless of whether they work in an office or remotely.

It requires the appropriate blend of hard and soft talents to thrive in finance or accounting. Still, the list of technical capabilities employers in this profession wants to see from their best candidates is longer than most. 

Aside from fundamental finance knowledge, you must be adept with spreadsheets and have a functional understanding of various business tools.

Contents

What Are QuickBooks-Related Skills? 

QuickBooks-Related Skill Sets

  • Computer Proficiency
  • Mathematical Proficiency
  • Accounting Basics
  • Deductive Reasoning
  • Communication
  • Adaptability and Flexibility

Conclusion

Technical accounting abilities can help companies fill unfilled positions in a variety of ways. First and foremost, these abilities assure correct documentation of financial transactions and facilitate accurate forecasting for the future. 

Without technology, essential company predictions such as predicted revenue growth or future labour needs would be impossible.

QuickBooks is one of the most famous pieces of accounting software among small businesses, with over 4.2 million members to the online edition alone. 

The software provides a package of critical financial tools for expanding businesses, such as expense management, invoicing, and payroll.

Suppose you’re going to be working for or doing business with a small or medium-sized business. In that case, you’ll almost certainly be using QuickBooks, thus knowing how to use this platform is a technical accounting ability you should have on your resume.

Proficiency in a set of related abilities can significantly boost your chances of securing any job that requires QuickBooks expertise. Employers seek these skills to understand how well you can use QuickBooks and learn about other parts of the work.

What Are QuickBooks-Related Skills?

QuickBooks is accounting software that both bookkeepers and CPAs use. 

It is easy to apply, but it also can produce customized financial statements for sales projections, shareholders, investors, and tax filings. 

It can also handle numerous loans, asset appreciation/depreciation, inventory value, and more. Using these sophisticated features necessitates more hard and soft skills.

The list is not extensive, but it does include some of the most crucial abilities you’ll need to secure a job that demands QuickBooks expertise.

QuickBooks-Related Skill Sets

Computer Proficiency

QuickBooks is a computer program, so you must be familiar with computers. Few people understand every element of a complex software package like QuickBooks, but the more computer-savvy you are, the simpler it will do to grasp the program’s ins and outs. 

When something goes wrong, you’ll be able to locate a solution more quickly.

Some of the computer-related skills to acquire are as follows:

  • Productivity Software
  • Email Management
  • Cloud Backup Software
  • Data Entry
  • Information Management
  • Reconciling Accounts
  • Data Import and Export
  • Operating Systems
  • Customizing Financial Reports
  • Point of Sale Systems
  • Software Installation

Mathematical Proficiency

QuickBooks is bookkeeping software. 

Therefore it’s all about juggling numbers. While you won’t have to does much arithmetic on your own because QuickBooks has its calculator tool, having a solid sense of numbers and knowing the solutions can help you catch and fix errors.

Anyone can make a mistake and enter false information, and your employer may also provide you with incorrectly recorded figures. The crucial thing is that you’re familiar enough with the complex mathematical formula that the software will employ that you’ll realize if the numbers entering were incorrect, to begin with.

When looking for a QuickBooks-related opportunity, some domains that should perfect are:

  • Attention to Detail
  • Auditing
  • Numeracy
  • Spreadsheet Formulas and Functions
  • Financial Calculators

Accounting Basics

Accounting is made more accessible by QuickBooks, but having a foundation in accounting is still quite beneficial. 

After all, a computer application can only do what it gives, whereas a human accountant understands what to tell the software and why.

Furthermore, it is beneficial to have an understanding of

  • Accounts Payable
  • Accounts Receivable
  • Balance Sheets
  • Cash Flow
  • Financial Statements
  • Financial Reports
  • Invoicing
  • Inventory Management
  • Payroll Management
  • Profit and Loss Reports
  • Tax Filing

Deductive Reasoning

The more you understand your employer and your function inside the organization, the more helpful you will be, and being helpful immediately translates into higher job security for you. 

Because all businesses and most organizations require some form of bookkeeping to function, your career may take you across a wide range of firms.

Most of them will have nothing in general but money, so no matter how skilled you are in bookkeeping, you may find yourself with a new employer in a field you are unfamiliar with.

Deductive reasoning will assist you to get up to speed that is

  • Logic
  • Predicting Results
  • Distinguishing Causation
  • Forecasting
  • Problem Solving
  • Inspiration

Communication

Nobody works exclusively with computers and numbers. You must also be able to work with people, which necessitates excellent communication skills. 

Strong verbal communication skills will allow you to ask questions, comprehend your responsibilities, and get along with your co-workers. 

Practical written communication skills will let you properly document your job and present yourself more professionally in communications.

Adaptability and Flexibility

Even before the pandemic, adaptability and flexibility were among the essential abilities required by accounting and finance professionals. 

Technological transformation, such as the rise of Artificial Intelligence (AI) as a vital business tool, has been a primary driver of this trend and is expected to continue. 

However, as businesses attempt to define and operation their next “new normal,” the capacity to pivot and roll with change is critical.

Conclusion

Consider exploring in-demand accounting qualifications as you try to advance your profession. 

And, as always, search for training options that will make you more attractive as a job candidate and, more important, as a team member.

However, for many of the abilities listed above, on-the-job training is the most effective way to learn. Working in temporary accounting and financial employment while building your resume and looking for a full-time position is one approach to obtain that experience.

Learning a new skill is always important because we face new difficulties and opportunities daily that can meet various skills. These abilities not only assist you to impress your employer, but they are also highly beneficial to the development of your unique personality.

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