The primary duty of an accountant is to prepare financial records and ensure that they are correct. Some of the specific duties of an accountant include the following:
Prepare tax returns.
Make sure that the company’s financial statements comply with state and federal laws.
Make recommendations to management on ways to decrease costs and increase income.
Prepare reports to explain their findings to upper management.
Meet with private clients to provide financial advice.
There are three different career possibilities within the field of accounting.
The first is a government accountant. In this role, you would ensure that all money spent and received by local, state or federal government agencies are lawfully used. You may also be involved with auditing individuals and businesses that are subject to taxation or government regulations.
Management accounts are responsible for preparing financial information for internal use at their company. Preparing budgets is a big part of their jobs. Some may also be involved with asset management, such as real estate, stocks and bonds.
Public accountants generally work with the individuals and corporations to help them manage their finances. As a public accountant, you may release balance sheets to potential investors or consult with a private client to help him or her make investments.
Accountants fall under a number of categories. Some of them work in the private sector and others work in the public sector. These include:
Auditors, keep account of public records. They also analyze and verify financial documents
Forensic Accountants deal with white-collar crimes. They investigate securities fraud and help the courts legal issues.
Tax Accountants are highly trained in the field of taxation. They have the authority to represent individual taxpayers in matters concerning the IRS.
Financial Advisors fall under the category of consultant, and they provide financial advice to individuals or groups.
Controllers manage the accounting departments
Bookkeepers initiate any accounting transactions and turn them into financial statements.
CPAs are another form of accountant and is the most easily recognizable to most individuals. CPAs handle a variety of things pertaining to accounting, some of which include preparing financial reports, making sure that taxes are filed correctly, and overseeing financial records.
There are other categories for accountants, but these are the primary ones. Accountants fall under a variety of different titles, handling the basic financial needs of business or organization.
The CPA (Certified Public Accountant) certification is one that is extremely difficult to pass, but it is something that accountants may want to look into. Right now, there are still plenty of open positions in the accounting field that do not require one to be a CPA. The public perception is one that encourages a CPA to be hired over someone without a CPA, but some companies really do not care either way.
Many people with degrees in accounting continue to work in the field without the CPA attached to their name. The biggest difference may come in the salary, but there are still plenty of accountants that are doing the same work as CPAs, just in the private sector. Accountants can still work at any number of different agencies doing taxes and working for private companies. There are so many different outlets for people with accounting degrees, and all that it takes is a little perseverance to land the right job.
Accountants are continually being hired by big and small businesses, school districts and other non-profit entities. There are currently many CFO’s in the world that are doing a great job of leading the business without being certified accountants.
A great monthly accounting service will handle your profit and loss statements, monthly balance sheets, and regular account reconciliation to help you take back control of your finances without much effort on your part.
Pricing for our monthly accounting services varies by your company’s needs. It is not based on the size of your company, rather your company’s accounting activity and the complexity of your financial statements.
We will work with you to arrive at an affordable, fixed monthly fee. These fees are all-inclusive; services provided include:
Our customer service sets our firm apart. We make it our priority to reach out to clients on a consistent basis because we care about the success of your business. Our experienced team of accountants also provide proactive business advice and tax planning, allowing you to maximize your profits.
f your business is too small to hire an in-house accountant or you simply don’t have the desire to do it yourself, you should consider outsourcing the task. While QuickBooks is used by many small business owners, the software can be more complicated than first realized. By outsourcing your accounting, you free yourself to focus on other aspects of your business.
Mixing business and personal finances is a major problem for small-business owners. Not only does it create headaches at tax time, but it also makes it difficult to track the profitability of your company. Worst-case scenario: you get audited by the IRS and end up with major fines. Keeping these two parts of your finances separate is essential to preserve your sanity and to have a sustainable business model.
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