Monthly Archives: March 2022

3 Tips For Those Considering A Career In Accounting

Whether you are in college or just fresh out of college and trying to figure out what to do with your life, or are thinking about a career change a little later in life,  it can be scary and stressful to try and figure out what career is right for you. One career that has been popular for a long time is accounting. Everyone needs an accountant at some time or another, so has longevity. The pay can be pretty good too. Of course, not just anyone is cut out for accounting. It does require some special skills and strengths. 

So if you’re on the fence, here are 3 tips for those considering a career in accounting. 

Be Comfortable With Finances

Accountants give financial advice to some degree to their clients, especially during tax season. It is up to you to learn the lingo and explain it in layman’s terms to people. When it comes to matters of finances, it’s important that you are not only comfortable looking at and talking about your client’s finances with them, you should also be comfortable with your own finances. 

For example, if you owed a ton of money last year on taxes and you aren’t quite sure why, a career in accounting may not be best for you. Similarly, if you haven’t thought about reaching retirement at all and have no savings whatsoever, you probably want to go into a different field. 

Look At Your Math Skills

It may go without being said, but being an accountant requires a fair amount of math and there is really no way around that. If math has never been your strong suite, this just may not be the right career for you. However, if you’re decent at math and just need a little refresher, you may consider taking some math classes at your local community college to brush up on your skills.

If you aren’t sure, there are many tests online you can take to figure out what your math skill levels are. This is a great way to know where you stand so that you can figure out if going into accounting is what you really want to do. 

Think About Clientele

Do you have a lot of friends and just know a lot of people in general? If so, you will likely already have some built in clients when you first start your accounting business. However, if you’ve just moved to a new city, aren’t a people person, or just don’t know a lot of people, it may be really difficult for you to get started as an accountant. 

Being an accountant certainly isn’t for everyone, but who knows – it may be just the right career for you! Hopefully this list helps you to decide. 

The moneylenders give you the best option to provide you with quick loans

For most people, the best option is the moneylender when they need a quick loan. The bank doesn’t offer small loans to the borrowers and luckily if they get one then they need to pay a high-interest rate which becomes hard for them to repay it. but when we are talking about the moneylenders the loans are provided much more quickly and the interest rate is also low. 

The reason behind low interest is also because of the competition in the market and to attract the borrowers they need to keep the rates low. There are many firms offering loans but you need to find out the one that can be trusted and that is why you need to take the right decision before applying for a loan in any firm.

The licensed and the unlicensed firm 

You must have heard that there are licensed and unlicensed moneylenders in the market. According to the government rules the licensed moneylenders are regulated to take the various loan procedures while the unlicensed ones are not. When you apply to a licensed firm you stay protected from excessive interest rates and unfair rules and regulations. The unlicensed firms do not follow any such practices and that is why you need to do proper research and find a trusted firm. 

Why it is beneficial to take loans from moneylenders?

The moneylenders provide loans to the borrower quickly and they don’t need to wait for the long procedures as conducted in the banks. The interest rates offered by various firms differ based on many different factors and you should read all the policies properly before applying for the loan. 

The banks have got a lot of paperwork to process and also a separate team to get the loan processing to be completed but the moneylenders only ask you to fill a form and some simple credit check to provide you with the loan. Where the banks can take weeks and even months to get your loan approved it is just a matter of day one or two to get the loan from a moneylender who is good at money lending in Toa Payoh.

They don’t ask their borrowers to have a high credit score and there are some of the firms that even don’t go through a credit check. The repayments of the loan are simple and there is not a lot of burden on the borrower because of the low-interest rate.