An accountant manages an organization's financial records, ensures legal and tax compliance, prepares budget reports, and analyzes financial operations to help management make smart business choices.
Core Responsibilities
- Record Keeping: Maintain the general ledger, document daily business transactions, and reconcile bank or credit statements.
- Financial Reporting: Prepare balance sheets, income statements, and cash flow reports on a monthly, quarterly, or yearly basis.
- Tax Management: Compute tax obligations, prepare returns, and file local or federal taxes accurately and on time.
- Budgeting & Analysis: Track costs and revenues, help create budgets, and forecast future financial performance.
- Auditing & Compliance: Check transactions for errors or discrepancies and follow financial rules and laws. [1, 2, 3, 4]