How Much Does An Accountant Earn in The Philippines in 2021?

How Much Money Do Accountants make? Accountant: Key Features, The Work, Philippines Salary in 2021, Prospects 

What do accountant do?

There are three major fields of accounting public, management, and government accounting. In most cases public accountants are either self employed or work for accounting firms. Many specialize in auditing or tax matters. Others are involved in management consulting. Management accountants, also known as industrial or private accountants, are responsible for handling the financial records of their company. They provide company executives with the financial information they need to make important business decisions. One specialization within the management accounting field is internal auditing. Internal auditors are responsible for examining their firm’s financial systems and control procedures. Government accountants and auditors audit government agencies, private businesses, and individuals. Many work for the federal government as internal revenue service agents. 

Accountant Career in Philippines

It is possible for career changers with a degree from business or correspondence schools to obtain junior accounting jobs. In most cases, however, public accounting and business firms require a minimum of a bachelor’s degree in accounting or a related field.Many employers require a master’s degree in accounting. Training is available at colleges, universities, accounting and business schools, and correspondence schools. Public accountants or accountant practitioners can obtain a license or registration in some states withjust a high school diploma, while other states require college training. 


Accountant Salary in Philippines (2021)

Entry prospects for career changers are very good. Within their own field accountants can advance to senior accountant, accounting supervisor, chief fiscal officer, and other upper management level positions. Accountants can also work outside their immediate field as teachers, researchers, or administrators. Income levels for accountants and auditors vary widely. Starting government auditors, for example, earn approximately Php300,000-Php370,000 per year. Chief accountants who run their firms accounting departments can earn up to Php390,000 per year and more. 

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The average salary for a accountant in Philippines (2021)

Annual Salary Php348,000
Monthly Salary  Php29,200
Weekly Salary Php7,200
Hourly Salary  Php18

Accountant Requirements

Entry Requirements in Prior Experience: 

Previous experience as a bookkeeper or payroll clerk can help career changers obtain a job. Many college students gain experience through summer or part time internship programs offered by public accounting or business firms. 

Entry Requirements in Personal Qualities: 

Accounting and auditing is very detailed work, requiring a great deal of patience and an ability to concentrate. Accountants must have a strong aptitude for math. While they spend most of their days working with numbers, they also need an ability to communicate effectively, both orally and in writing, in order to share the results of their work with their co-workers and clients. In many cases accountants have to have an aptitude for working with systems and computers. The nature of the work requires that accountants and auditors have good enough eyesight to work with small numbers and columns of figures. Accountants should have excellent work habits including an ability to analyze figures, interpret the results and make sound judgments based on those results. They should be able to work with little or no supervision and enjoy taking responsibility. Most important, accountants and auditors must have a high standard of integrity, because of the sensitive nature of the information they work with. 

How Much Do Accountants Make?



Entry Requirements in Training and Education: 

Training for accountants and auditors is available at most colleges, universities, accounting and business schools, and correspondence schools. Many colleges also offer their students an opportunity to gain experience in the summer and part time at public accounting and business firms. The combination of a college degree and previous accounting experience offers career changers a very strong competitive edge. A graduate degree in accounting is sometimes required and always offers career changers a strong advantage. The shortest route for career changers, however, is to seek public accounting or accounting practitioner positions in states that require only a high school diploma for licensing and/or registration.

Comments

  1. Especia associate llpMay 19, 2022 at 5:05 AM

    Thanks for sharing. The bookkeeper would be someone who keeps the financial records for a firm (perhaps as an employee or as a contractor). For all of this duty, most bookkeepers nowadays use accounting software such as QuickBooks. Accountants would examine corporate accounting data to make financial estimates and provide advice on financial factors that influence the company's development. CPAs include accounting professionals who already have taken the CPA examination and have advanced accounting capabilities. if you know about bookkeeper, Accountant or CPA call 9310165114 or visit us Diffrence between Bookkeeper, Accountant or CPA

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