Accountant responsibilities span a wide range of functions:
Record all transactions accurately and reconcile accounts
Prepare balance sheets, income statements and other reports
Perform cost and general ledger analysis
Complete tax audits ensuring compliance
Manage budgets and cash flows
Review contracts and process payments
Examine financial discrepancies
Manage payroll functions
Create and implement new accounting systems
Consult management on financial strategy
Guide investments, mergers and acquisitions
Let’s look closer at the typical accountant job description based on their level of seniority:
- Recording transactions in compliance with accounting principles
- Preparing and entering invoices, bills, checks etc.
- Reconciling discrepancies in financial entries
- Assisting with taxation including filing returns
- Maintaining general ledgers