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Background of Temping in Accounting, Bookkeeping, and Finance

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Summary: Temporary work services are now desired by many organizations now a days because of the flexibility of the time. Even in the accounting field these kind of temp professionals are wanted during a particular period of time because of the high workload in auditing season.

Perhaps no area other than information technology has offered so much opportunity for the executive temp as that of accounting and finance. As the global economy grows and changes so does the need for those who can respond to financial requirements of downsizing, mergers, and acquisitions.

Business is competitive, and decision makers want a quick response when they buy or sell various companies. They turn to financial people to summarize the status of companies and analyze financial reports so the decision makers will know which ones to invest in and which to merge with. Those who know how to set up books, prepare taxes, audit, and especially combine these skills with computer knowledge will be in the catbird seat or potentially be able to write their own ticket when it comes to being a successful professional temp.



Accountants, certified public accountants or CPAs, auditors, and bookkeepers are in constant demand for financial, tax, and accounting work.

According to Employment Review, April 1997, the accounting and finance profession "will continue to be in high demand as tax codes grow more arcane" and as healthcare issues, environmental issues, and North American Free Trade Agreement (NAFTA) issues demand these types of professionals.

There are four major groups of occupations that fall into the accounting and finance profession: public accounting, management accounting, government accounting, and internal auditing. The good news for the professional technical temp is that all four areas use staffing services.

Public accountants are known for working on tax matters with companies and with individuals, which means they use staffing firms at the peak of tax season. Other public accountants work for corporations, individuals, and nonprofit organizations. Every aspect of public accounting uses staffing services.

Those in management accounting work in corporations or businesses and manage the financial information of the company that employs them. They are in the private as opposed to the public (government) sector. Management accountants use temps to help them find out information for the companies whose accounting they manage. This type of work includes working on budgets, asset management, cost, and performance.

Those who work in government accounting are accountants and auditors. Federal, state, and local agencies may use professional technical temps. The government sector and the private sector differ in that the government puts its staffing business out for bid. That means the government lists the type of jobs for which it needs a staffing service, and various services propose or bid for the projects. A government agency then selects a vendor from the bid process and awards its business to one or more staffing services. If you want to work in governmental accounting, you most likely will have to work through a staffing service that has been awarded a bid by the government. The professional technical financial temp who works for government can audit various agencies and help examine the records of those businesses that are regulated by the government, such as banks and financial institutions.

The fourth financial field where professional technical temps are used is internal auditing. If you temp for internal auditors, you will work on researching and checking business records to ensure that the business is being managed correctly.

In an interview, Mark Nightingale, who is an area manager for Robert Half International (RHI) Account temps, the largest staffing service for accountants, employing thousands of people each year as professional technical temps, said that the skills that are in demand by Account temps are those that are in demand according to the current economy. Those needs can change. If you have the following skills your chances are high that you can be a successful temp, according to Nightingale: spread sheet, integrated accounting, up to date software packages such as Peachtree and Accpac, 10 key, bank reconciliation, general ledger, collections, and credit.

Most staffing services who place accounting and financial people operate in the same way. You submit a resume, and then you check or list all of the skills you have. If you check out various staffing services on the Internet, you will see there are hundreds of skills from which you can select. The staffing service will then match your skills to the needs of their clients. You will then be paid according to the skills you are using. Nightingale said Account temp spays their employees a salary based on the skills sheet, and some people may earn less as a temp than they did as a full time employee.

Nightingale said Account tempsoften recruits employees from other temps. He said, "Good people know other good people." The company recruits from college campuses, and if you have a four year degree you can work temp and gain work experience. That experience can help you work yourself into a full time job. He went on to say that approximately 30% of temporary jobs filled by Account temps become permanent jobs.

Robert Half Account temps also recruits from professional and networking groups. When asked what the best characteristic is for a professional technical person who wants to have successful experience as a temp, Nightingale said, "A good attitude makes a winning temp."

Your salary as an accounting and finance temp will depend on supply and demand; in other words, what skills businesses requesting financial temps are looking for. If there are not a lot of people available with the skills that are being requested, those skilled people can expect to be paid well. If there are more people available than there are jobs open for certain skills, those people will be paid less.

Market surveys indicate that accountants with great experience who temp can expect to earn $37,000 to $83,000 on an annualized basis. Accountants with relatively little experience can expect to earn $26,500 to $40,000 on an annualized basis.

You may check or list what types of positions you are applying for, what geographic area you want to work in, and the software skills you have. After you complete a questionnaire for the staffing service, your application will be forwarded to an office where a representative will call you if you have the skills matching the positions the staffing service is trying to fill.

In Los Angeles, for example, many of the staffing services named earlier provide professional accountant temps. Similar services are offered in the New York area by Robert Half Account temps, Accountants on Call (a division of Adecco), Access Accounting Professionals, Vanguard Accounting Temporaries, Peak Staffing Services, Account Pros, Temporary Accounting Professionals, and Accountants Overload. Accountemps is among the first and still the largest staffing service that specializes in accounting and other financial skills. Please refer to the Appendix for a list of staffing services that place temps with accounting and financial skills.
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