12/27/2023 0 Comments Freelance bookkeeping practiceMore precisely, about 1.44 million positions in the US belonged to employees in this category, according to accounting job statistics. In 2020, there were 1.27 million accountants and auditors in the United States.Įven more jobs, according to Statista’s report, are held by bookkeeping, auditing, and accounting clerks. Other services accountants and accounting firms undertake are business advisory (17%), audit/assurance (15%), and outsourced CFO (5%). The Sage 2019 accounting industry statistics reveal that accounting is followed by payroll (25%), tax (24%), and compliance (20%). Booking/accounting is the top service performed by accounting firms with 79%. 87% agree that clients expect more flexibility and better service levels from accountants, without an increase in their rates. 82% of accountants say companies are more demanding these days.īased on Sage accounting stats, most accounting professionals admitted that clients are more demanding when it comes to the accounting job requirements than they were in the past. ![]() Some of these include insignificant wage growth, inconsistency in delivery, and scandals. They also highlight a few factors that may slow down the pace of the industry. By 2022, The Business Research Company forecasts a CAGR increase of 9.1% to $868 billion. Increased mergers, standards transition, and technology stocks performance are some of the reasons for the steady global accounting field growth. The global accounting services market value is projected to reach $868 billion by 2022. The cloud accounting market could reach $4.25 billion by 2023.Cloud accounting is used by 82% of small businesses and 58% of enterprises.By 2026, the global accounting software market is forecasted to hit $20 million.About 79% of accounting firms offer booking/accounting services to their clients.By 2022, the global accounting services market value is expected to reach $868 billion.The median annual salary for accountants and auditors in the USA was $77,250 in 2021.Scroll down and find the critical accounting statistics everyone should know this year, including accounting employment rate and job outlook. While the importance of accounting has always been the same, the job itself has changed over the years. These professionals make sure your numbers add up, perform audits, and run payroll. Accountants and auditors are an essential part of every business.
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