Accounting ain’t everyone’s cup of tea. But they’re the backbone of every entity’s financial success–be it an individual, a group or an entire nation for that matter. Accountants prepare financial statements and forms and provide appropriate advice to clients. The pay for accountants in New Zealand depends on many factors: qualifications, the region they work in, experience and the type of organisation they work for.
But here is a gist of what an accountant in New Zealand is entitled to earn on average. An accountant with less than five years of experience can earn up to $67,000 (INR 53.96 lacs) in a year. For those with five to ten years of experience $103,000 (INR 83.96 lacs), for those with 11 to 15 years of experience $137,000 (INR 1.13 crores), for those with 16 to 20 years of experience $161,000 (INR1.29 crores) and those with over 20 years experience $196,000 (INR 1.57 crores).
A person well-versed in accounting will prepare financial statements and reports for clients or businesses. Recording the daily expenditures by clients or company management, developing, forecasting and checking budgets, and preparing good and services tax (GST) and other returns such as surveys and tax forms. Accountants also help their clients in advising financial aspects of a business such as tax, cashflows and budgets.
For an accountant in New Zealand, you can increase your pay in different ways–from changing your employer to earning another degree in education. Changing your employer or considering a career move might allow you to explore higher salaries for your skills. Now, if you improve your skills before applying to another job, you can be sure of earning a much better salary. Gaining an advanced degree in accountancy may allow you to increase your income potential and even qualify for promotions at the same workplace. If you have managerial experience, that will also add to your eligibility to earn more.
If you’re wondering about the working conditions of an accountant in New Zealand, here it is: You will usually work regular hours but may have to work over weekends or stretch into evening hours to meet your deadlines. Most accountants in the country are expected to work out of offices. However, you can always request a hybrid or work-from-home option depending on your convenience. You may also sometimes have to travel to visit clients and businesses.