As per Economia, nearly a third or 30.4% of accountants suffer from poor mental health. Further, 71.4% of the respondents who were suffering from anxiety or depression admitted that these issues impacted their working life.
Jobs being boring, lack of confidence, and working with certain clients were the top factors cited by the accountants for their poor mental health. In order to ensure that the accountants of your practice do not suffer from anxiety or depression, consider the following things:
Make Job Interesting
With youngsters being the major workforce these days, the proprietors or partners of an accounting practice need to be mindful of what their staff wants and allocate the work accordingly.
Accountants these days want to do more than just carry out the mundane bookkeeping job of the clients. They do not want to handle the boring bookkeeping anymore but want to deal with more challenging tasks, like preparing financial statements, carrying out statutory and specialist audits, and so on. Let them handle these challenging tasks and outsource the less lucrative bookkeeping tasks to someone who specializes in outsourced bookkeeping services.
This will make the job more interesting for the accountants, while at the same time, will get the bookkeeping work of the clients done efficiently.
Of course, outsourced bookkeeping services at first will seem like an overhead, but think about freeing your staff who can focus on value-added, lucrative services of your practice!
Utilize the Contemporary Technology
Carrying out paperwork manually is no longer efficient or productive. Today’s accountants feel that manual accounts production work is time-consuming and boring. It is true!
There are lots of excellent accounting software applications available to automate everything for your practice. So, why not procure one and automate your practice? Using software like Xero makes accounting work less mundane for your accountants. It also improves the speed and accuracy of your staff!
With improved speed and accuracy, the accountants for your practice will certainly feel more confident, boosting their mental health as well as productivity.
Check the Capacity of Your Practice
It is very important to check the capacity of your practice to deal with the workload. Overloading your existing staff of accountants will only result in more cases of poor mental health. Therefore, if you are expecting more work this month or year, make sure your practice has enough resources. If you are not too sure, have a backup plan in place. For instance, find a reputable firm that specializes in outsourcing accounting practices. Whenever the workload increases, simply outsource some or the entire portion to such a firm.
Outsourcing for accounting practices can be the perfect solution. By doing so, you will no longer need to worry about overworking your existing staff or hiring permanent overheads whenever the workload increases.
A Leicester-based practice has this to say about our accountancy outsourcing services, “Sometimes you just need to realize that things have to change. That’s what happened to us, and I found a solution that works for me, my staff but most importantly for my clients.”
Keep Your Accountants Happy
More and more accountants across the UK are suffering from poor mental health. The monotonous and manual job and the worry of being overworked make many accountants anxious and depressed, eventually hurting the business of an employer accounting practice.
However, it does not have to be this way. By considering certain things, some of which mentioned above, an employer accounting practice can substantially make their employee accountants happy. Every year, we at Affinity Outsourcing help accounting practices across the UK improve their overall business. With our quality accountancy outsourcing service in the UK, your firm too can benefit a lot.
Discover more about outsourcing for accounting practices by talking to us. For a free, no-obligation chat, contact us on 0203 848 4450. You can also contact us through a simple inquiry form on our site at https://affinityoutsourcing.net/contact/.