Online Accounting and Bookkeeping Course | Monarch Institute

Accounting industry insights

Bookkeeping industry insights

Accounting and bookkeeping – a growing industry

Australia’s economy is moving from resources to services. In the next 20-30 years, we’ll see a lot more people doing knowledge-based work, rather than physical labour. The skills that accountants and bookkeepers use are transferrable between industries, all across Australia. That’s part of why there are thousands of accounting and bookkeeping jobs advertised every month. In other words, accounting and bookkeeping is a particularly exciting field. And you’re about to become part of it.

Bookkeeping trends

Bookkeeping is a very attractive job role for people seeking a flexible lifestyle. The statistics are striking. More than half of all bookkeeping jobs are part-time roles. With over two million small businesses in Australia, many choose to outsource bookkeeping functions to self-employed accredited bookkeepers. Many businesses offer part-time job roles. Larger businesses offer traditional full time and part-time jobs in a variety of areas. These include key divisions such as accounts, payroll, and treasury. The bottom line is, a qualification in bookkeeping opens up a lot of employment flexibility, both for today and tomorrow.

Accounting trends

Accounting jobs are skewed more to full time roles, certainly compared to bookkeeping. Accountants are in demand, and job openings are forecast to grow. Accounting is much more than simply crunching numbers. It involves interpreting financial information to allow informed decisions about small, medium and large businesses. If you become an accountant, you will become a financial ‘mechanic’ able to diagnose financial issues within a business, and fix them. Have you heard the famous saying, “knowledge is power”? We suggest financial knowledge takes you one step further.

Your next steps

Choose from one of our nationally recognised courses including the FNS40217 Certificate IV in Accounting and Bookkeeping, FNS50217 Diploma of Accounting, FNS60217 Advanced Diploma of Accounting or the Diploma of Payroll Services FNS50417.

Monarch offers accounting courses for students located in all locations and cities across Australia including Adelaide, Brisbane, Canberra, Melbourne, Perth, Sydney, and Tasmania. Get in touch with Monarch today to learn more.