answersLogoWhite
Job Descriptions

What are the duties and responsibilities of an accountant?

545546547

Top Answer
User Avatar
Wiki User
2013-12-06 03:54:36
2013-12-06 03:54:36

Accountants keep track of the money in a company and make sure that there is money to pay salary and to keep the company in operation. They do the books for each department and make sure that every dollar is accounted for that was invested into the company. In short we can say that the duty of an accountant is to make sure that the company has a sufficient amount of working capital (the amount required to meet its daily operations) for its smooth running and to keep the transactions into record.

Specific duties of an accountant are:

  1. Prepare profit and loss statements and monthly closing and cost accounting reports.
  2. Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
  3. Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
  4. Analyze and review budgets and expenditures for local, state, federal, and private funding, contracts, and grants.
  5. Monitor and review accounting and related system reports for accuracy and completeness.
  6. Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
  7. Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
  8. Explain billing invoices and accounting policies to staff, vendors and clients.
  9. Resolve accounting discrepancies.
  10. Recommend, develop and maintain financial data bases, computer software systems and manual filing systems.
  11. Supervise the input and handling of financial data and reports for the company's automated financial systems.
  12. Interact with internal and external auditors in completing audits.
  13. Prepare the financial statement of a business, they also determine if the company is making profit or not.
  14. Other duties as assigned

Related Questions

User Avatar

An accountant in a restaurant will have many duties. They will track payroll, as well as all of the other expenses and profits of the restaurant.

User Avatar

The duties and responsibilities of accountant in a local NGO in Sri Lanka is to keep all the financial records. The duties may vary from one NGO to another but will entail book keeping in most cases.

User Avatar

what is an accountant duties what is an accountant duties

User Avatar

Assist accountant with bookkeeping,preparing financial returns and booking and confirming all appointments.

User Avatar

Senior accountants have a number of duties and responsibilities. The are responsible for preparing financial statements, analyzing financial information, and supporting the closing process at the end of every month.

User Avatar

To supervise that all accounting entries ,payments and receivables are posted correctly and timely.

User Avatar

The specific duties and responsibilities of an accountant at a school or college would depend on the type of school, the number of other accountants, the position, and the specifics of the school. For instance, someone may work as an accountant in the alumni or major gifts department at a school and be responsible for keeping track of the funds that alumni have donated towards the school as well as alumni scholarships.

User Avatar

What are the duties and responsibilities of merchandiser?

User Avatar

what are the duties and responsibilities of the encoder

User Avatar

What are the duties and responsibilities of merchandiser?

User Avatar

"What are the duties and responsibilities of a researcher?"

User Avatar

no duties and responsibilities can be anything basicaly

User Avatar

duties and responsibilities of a housekeeping

User Avatar

responsibilities and duties of computer engineer

User Avatar

enumerate hotel receptionist's duties and responsibilities enumerate hotel receptionist's duties and responsibilities

User Avatar

What are the Duties and responsibilities of Philippine sports commissioner? What are the Duties and responsibilities of Philippine sports commissioner?

User Avatar

what are the duties and responsibilities of proprietor of Photoshop

User Avatar

Duties and responsibilities of a car salesman

User Avatar

duties and responsibilities of a good nurse

User Avatar

What are responsibilities and duties of purchasing clerk?

User Avatar

duties and responsibilities of bar personnel

User Avatar

bar boy duties and responsibilities

User Avatar

* What job responsibilities and duties do you excel in?


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.