Accounting Personal & Business
Compiling Financial Data:
Accountants are typically responsible for compiling and organizing financial data. This data can include purchase receipts, sales records and other statements. Along with compiling data, accountants must ensure that all figures are accurate and all documents comply with current laws and regulations.
Creating Financial Reports:
Clients rely on accountants to help them figure out how to achieve growth. Accountants are responsible for using the information that they have gathered to create financial reports. These reports help clients understand their current financial situations and determine if they should make changes within their company.
Issuing Invoices: All companies need to make money, which is why they need to charge customers in a timely and organized manner. Accountants often shoulder this responsibility. In addition to issuing invoices, accountants must also keep track of who has or has not paid their invoices.
Managing Payroll: Accountants can also take on the responsibility of managing payroll for their clients. This responsibility includes keeping track of how many hours each employee works and how much each employee should be paid.