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Accountant/Bookkeeper Role and Responsibilities

What do accountants and bookkeepers actually do? The secret is inside.

Accountant/Bookkeeper Role and Responsibilities

What do accountants and bookkeepers actually do? The secret is inside.

About Accountants/Bookkeepers

An accountant/bookkeeper is responsible for maintaining the financial records of the company. Their responsibilities include tasks such as recording transactions, reconciling bank statements, preparing financial reports, and maintaining a general ledger.

The accountant/bookkeeper may also be responsible for managing accounts payable and accounts receivable, as well as conducting audits and ensuring compliance with financial regulations. In addition to strong technical skills, the accountant/bookkeeper should possess excellent organizational and communication abilities.

Responsibilities

Here are the top 10 responsibilities of an accountant/bookkeeper:

  1. Recording and classifying financial transactions in the general ledger.
  2. Reconciling bank statements to ensure accuracy of financial records.
  3. Preparing financial reports, such as income statements and balance sheets.
  4. Managing accounts payable and accounts receivable.
  5. Conducting audits to ensure compliance with financial regulations.
  6. Preparing and filing tax documents, such as income tax returns and sales tax reports.
  7. Developing and implementing internal controls to safeguard company assets.
  8. Assisting with budgeting and forecasting activities.
  9. Collaborating with other members of the accounting team to improve processes and procedures.
  10. Communicating with external parties, such as vendors and auditors, as needed.

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