The demand for accounting professionals has seen a 21% increase in job listings for accountants. Credit: KomootP/Shutterstock.

The Croatian accounting profession is facing a potential talent shortage, as a significant portion of its workforce is nearing retirement, reported The Dubrovnik Times. 

During the Croatian Chamber of Trades and Crafts’ (HOK) second meeting in Trakošćan, more than 200 accounting professionals convened to address this concern and explore solutions. 

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The meeting underscored an immediate need for a dedicated bookkeeping curriculum to prepare new professionals to enter the field.  

A key proposal introduced at the gathering was the adoption of a ‘one piece of data once’ reporting principle.  

This initiative aims to streamline data sharing among government institutions, reducing redundant paperwork and lessening the administrative load on accounting firms. 

Legal amendments set to come into effect on 1 January 2025 are also claimed to be stirring unease among accountants.  

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Industry professionals are advocating for an earlier implementation of these changes to allow both their offices and businesses sufficient time to adapt.  

According to HOK Accountants Section president Đurđica Mostarčić, a survey revealed that 76% of accountants feel that legal updates cut their family time, while half indicated that the changes necessitate longer client consultation hours. 

HOK stated: “Without accountants, things don’t add up.” 

The sector is claimed to continue to grow, with nearly 4,000 firms active as of September.  

The demand for accounting professionals has seen a 21% increase in job listings for accountants, bookkeepers, and finance managers in the first half of the year, compared to the same period previous year.  

However, this surge in workload is impacting morale, with 46% of accountants reporting a decline in enthusiasm and job satisfaction.