Accountant Job Responsibilities

Accounting is one of the most important jobs in a company. The accountant is responsible for all the accounts that are maintained in an office. He has to apply all the accounting principles while dealing the company's accounts and is also required to make an entry of all the daily transactions.

He is responsible for the maintenance of the accounts of the company. This data helps the company in calculating the profits and losses. Besides, he has to make these calculations as and when required by the management. The accounting procedures are conducted in a separate department of the company which has quite a few people actually working. This department is headed by a senior professional who reports straight to the management.

Because this job demands working with numbers, one should possess great mathematical skills to excel in this field. There are a set number of accounting laws which one needs to be familiar with and apply them while making the accounting entries of the company. One of the main responsibilities of an accountant is to work closely with the management of the company. The accounting professional possesses all the financial details of the company, and therefore, he is expected to maintain confidentiality of work at all times.

An accountant earns a good salary because of the significant nature of the job. On the other hand, the professional sees great opportunities in the future to move forward in the company. With effectual knowledge and resources available at hand, this accounting proficient can even develop his own efficient entry systems for the company.

Experts in this sector may even require to function in close relation with the lawyers of the company during the filing of the tax returns. Hence, one can safely say that the accountants remain busy throughout the year, despite of the fact that they are paid well for their efforts. For more knowledge on this job, go through the following important points we have provided for your benefit.

Duties and Responsibilities

Maintaining the financial accounts of the company
Keeping a record of all the transactions made by the company on a daily basis
Calculating the profits and losses of the company
Working with the management for devising financial strategies for better profits
Helping the company make budgets and setting up profit goals
Finding out the waste expenses and point them out to the management
Following the accounting standards set by the company
Making accurate reports for the quarterly, half-yearly, and the year-end accounts
Preparing all the reports within the stipulated deadlines
Ensuring that the accounts are maintained in an immaculate manner as a copy of the accounts is provided to the share holders and all the prospective clients
Operating intimately with the tax department as filing for the correct taxes is an important task which could be counted as an offense if done incorrectly
Keeping a close watch on all the financial transactions made by each department and maintaining a record for each of them

Qualification

A bachelor's degree in commerce with a specialization in accounting
Knowledge of the latest accounting tools and programs

Career Advancement

The accountants can look forward for the posts of Senior Accountant and Departmental Head with a substantial hike in the salary.

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