7 Work-Stress Management Strategies for Stressed Accountants
What do accountants and ballerinas have in common? Both follow a rigorous routine that can cause an unhappy work-life balance. From client expectations to managing personal life, everything hangs by the thread if you have stressed accountants as employees.
A standard 40-hour weekday is rarely a standard unit of measurement when it comes to accounting. At the time of year-end and tax seasons, the major deadlines are hard to deal with when an accountant is handling a difficult client.
The pressure to lower the fees, tax changes, and struggling to meet the accounting standards is much like juggling the balls.
Not everyone can manage under work pressure.
Chronic stress is not a myth or just a cry for help – it exists and can have a devastating effect on an accountant.
In this article, we will discuss some easy techniques that accountants can follow to ensure avoiding stress at work.
Currently, How Many Accountants in the US are Working?
With their increasing role for the past seven years, the number of accountants has drastically increased in the United States.
Till 2020, there were 1.27 million accountants in the US! While most companies employ in-house accountants, most SMEs are opting for third-party sources. Outsourcing accounting and bookkeeping services are common these days.
Just imagine the stress levels among this many accountants. You’d be surprised to learn that most stressed accountants have elevated blood pressure levels or are diabetic too. This is not to scare you, but to reveal the stats that stress management for accountants is more important than ever.
So when an accountant finds himself under the job-burnout radar or work stress follow these tips to enhance and manage work-related stress.
7 Tips Stressed Accountants at Workplace can Follow to Avoid a Burnout
“No” is a Powerful Word
Accountants facing stress have a hard time saying no to work their coworkers can’t manage, out of the way client requests, handling a spooked client or etc.
This does not mean that one shouldn’t be doing any of these things but truth be told, saying yes too often is damaging. As a result, an accountant feels stress at the workplace. They get frustrated by their job responsibilities quicker.
For instance, online bookkeeping services in Dallas give the perks to professionals to choose the work of their choice remotely. It helps to reduce the workload immensely.
It’s important for accountants to identify the job priority. Once they do, it will help them to fulfill their obligations in a better way.
List of jobs
What do tax accountants do? If you are a tax accountant, then you surely need to organize your clients and future jobs accordingly.
Usually, a tax accountant minimizes and eliminates tax payments, arranges audits, and so on. Stress comes easy to them because of the line-to-line assignments and projects that keep floating side by side.
Just like the author of Getting Things Done: The Art of Stress-Free Productivity, suggests,
“Your head is for having ideas, not holding them”.
Rather than wasting time on ample tax projects, choose your clientele carefully. Make a list of jobs that you can fulfill in a specific time period. Then you can prioritize the tasks. Even for accountants, the work must be doable. So if the list seems overwhelming to you, break it into more steps.
Exercising is the Key
Constant work cancels the positive energy. Being a stressed accountant means you are also not giving enough time to your health. It’s one of the contributing stress factors. Mind and body are interconnected, so you need not ignore your wellbeing.
A sudden burden to expand your energy for an extra task can affect the accountant. Accounting firms must keep the health of their accountants, CPAs, and bookkeepers in check. So, preaching a positive health regime works for every professional, especially for accountants.
Catering exercise at the workplace even works. It may sound a delirious proposal at first for an accounting firm, but in the long run, the positive effects will be prominent.
Does an accounting firm offer resources for stress management? An accounting firm that organizes or encourages stressed accountants to attend webinars, wellness programs or yoga classes, etc is setting a good example. My Count Solutions happens to be one of the accounting and bookkeeping firms keenly interested in providing adequate resources to manage stress levels.
Accountants who utilize these options tend to be happier at their workplace and have reduced anxiety or stress levels. If it’s a remote firm, like My Count Solutions, online discussions are a helpful gesture.
When you want to find a small business accountant you should also discuss the workload and their workplace policies to learn more about the accounting firm. This way you can learn about the company policy and also not stress about work expectations.
Accountants should practice mindfulness at their workplace.
Taking a moment to reflect on the surroundings helps to stay calm, focused, and centered even if you work under pressure. The way you respond to an emergency or surroundings is up to you. Accountants can use apps like Calm and Headspace that help them to practice the art of mindfulness.
At the workplace, it is possible to practice mindfulness. Give yourself the mental break you need to be more productive. Take a 10-minutes break a day. See how you feel afterward. Assess the work productivity too.
Do Not Avoid Delegating
To accomplish more you need to do less. This is the art of delegating.
It’s a lot common for stressed accountants to keep doing more than they should. Maybe you are really good at managing taxes, but it does not mean you need to be an all doer. If you are a manager at the workplace then you can handle the workload by equally distributing it among the assistants, vendors, contractors, team members, and so on.
Focusing on mundane tasks is easy but when delegating, help accountants in your team to gain the right experience. The feeling of empowerment is known to reduce stress levels as well.
The effective delegation also is related to creating early strategies for tax preparation and other services. Provide detailed instructions on how things need to be done. It is also a contributing factor for lessening stress.
Last but not least we have successfully identified one of the key factors to increase work performance.
According to the study in the Journal of Experimental Psychology,
“Tasks shifts cost you almost a 40% increase in your productive time.”
Any interruption can make it impossible for the accountant to focus on their dedicated task. Hence the importance of scheduling is crucial. For a high level of thinking, specify an hour or two of every day. It can be the first half of the second half of the day.
Close the office door, fire up your laptop, and put the phone on airplane mode. To reduce work stress, accountants need uninterrupted time to schedule their work, organize tasks and update their to-do-list.
Also, encourage your team members to practice this. If you want to handle the tax season with the efficiency you have to reconcile an effective methodology that works for you.
No matter how much-dedicated an accountant you are – the job can become tiring. Accounting firms are responsible to ensure their employees are working in a healthy environment. My Count Solutions takes care of the staff guaranteeing that stress is the bare minimum.
Alongside client satisfaction, the accountants and bookkeepers are equally taken care of so that they can work efficiently and to their full potential at the hours of audits, etc.
To hire remote accountants and bookkeepers, you can contact the customer representatives to talk in detail.