What does an accountant’s job description entail besides doing calculations?
An accountant handles varied financial tasks that revolve around figures. While knowing Maths is the primary element in the profession, an accountant should also have excellent organisation skills for financial documents.
Below we have listed some of the specific job areas that an accountant would carry out.
Accountants handle bookkeeping, which is the maintenance of a company’s financial records.
In bookkeeping, the accountant will manage the business’ payroll, account payable, create balance sheets, account receivable, and other credit and debit related tasks. The accountant will track the movement of money within the business or organisation, to note how much is spent and owed.
Having the exact financial figures is important because it makes the difference between keeping a company afloat or out of business.
The amount of data the accountants handle is high and often with complex formulas. As such, accountants are expected to be detail-oriented with a high level of proficiency in statistics, Maths, and organisation skills to ensure correct records.
Accountants who specialise is tax preparations can work for an individual, private and public companies or organisations.
The global perception on the preparation of taxes and tax reports is an accountant’s prerogative. Accountants are tasked with the duties of determining how much taxes a person, business, or organisation owes the government, preparing the tax returns, and ensuring the proper and timely filing of taxes to avoid any legal penalties.
Accountants can help businesses to find ways to decrease the amount of taxes they owe the government, but these are strategies that should be within the law.