How much does an Accountant earn in South Africa in 2022?
Tuesday, 24 May 2022
Companies are responsible for producing many of the products or services we consume nowadays. This progress is made possible by the constant performed by company accountants. In this article, we provide you with all you need to know about the salary of an Accountant in South Africa in 2022.
Companies count on the contribution of several professionals to make their work as efficient as possible. Accountants have a key role in the business world.
An accountant is a professional who is responsible for looking out for the economic aspects of a company or an individual.
Accountants have several responsibilities. All their work is accomplished on behalf of key main objectives: recording business transactions on behalf of an organization, reporting on company performance to management, and issuing financial statements, among others.
Accounts will often be responsible for:
- Preparing accounts and tax returns
- Monitoring spending and budgets
- Auditing and analyzing financial performance
- Financial forecasting and risk analysis
- Advising on how to reduce costs and increase profits
- Compiling and presenting financial and budget reports
- Ensuring that financial statements and records comply with laws and regulations
- Keeping account books and systems up to date.
Salary of an Accountant in 2022
Although there are some external factors one should consider when talking about a salary, such as the economic situation, there is also some aspect of the professionals themselves that determines how much money they will make, for instance, their experience and formation.
Nevertheless, leaving behind all these aspects that may influence, it is possible to say that the average base salary of an Accountant in South Africa is R 30 682 per month.
Yet, if we consider the experience of the professional, then the numbers change. If you are starting, then most commonly your salary will be R 245 788 per year, while if you have more experience, then numbers would raise to R 5 400 000 per year.
This may also interest you: Accounting trends for 2022
If you are into the economic management of a company and would love to become a professional in this field, then ¡the Postgraduate Diploma in Accounting is what you should study!
Why pursue the Postgraduate Diploma in Accounting?
When choosing to study for the Postgraduate Diploma in Accounting, you are making sure you will gain all the knowledge required today to stand out from your competitors.
This distance learning postgraduate diploma provides you with the skills and knowledge needed, which can be then applied to several industries. So long as there are businesses in the world, accountants will always be needed.
With the Postgraduate Diploma in Accounting, you are learning how to prepare and examine financial records. Besides, you will be able to ensure the accuracy of a person’s or business’s financial records, and that bills and taxes are paid properly and on time.
Moreover, in this distance learning postgraduate diploma you will earn the main skill that will allow you to organize financial records, review statements for accuracy, make sure that records and statements comply with the law, compute taxes owed, prepare tax returns, ensure prompt payment, inspect account books and accounting systems to keep up to date; and last, and many more activities.
The Postgraduate Diploma in Accounting will ensure you acquire knowledge about the laws that govern business, typical business administration schemes, the ethics of accountancy, statistics, and accounting theory. You’ll be taught how to prepare the key documents that your job will involve, including business proposals, financial statements, and tax returns.
If you respect and follow the rules, keep track of figures, love routines, and solve problems; then the Postgraduate Diploma in Accounting could just be right for you.
Where to study the Postgraduate Diploma in Accounting?
If you live in South Africa, Regent Business School offers you the opportunity to study the Postgraduate Diploma in Accounting either via classroom-based learning or distance learning with the best professors.
To know more about this master or any other educational offers at Regent Business School, you can complete the form on this page with your personal information. This way, our academic consultants can get in touch and help you.
Also, we invite you to keep surfing our page "Universities and Online Degrees Guide" to know more about the learning opportunities available in South Africa. ¡The time to start studying what you like is here!